Saudi Arabia has begun phasing out handwritten invoices to generate a digitized economy. As part of digitalization, all VAT registered businesses are required to generate invoices digitally. By discontinuing handwritten invoices, the government aims to move towards a paperless environment.
The Zakat, Tax, and Customs Authority (ZATCA) has made it mandatory to generate e-invoicing for all businesses. It aims to create a more transparent economy, reduce fraudulent activities, and ensure financial stability.
E-invoicing helps streamline the audit process for tax authorities through a unified database. By real-time monitoring of transactions, it brings transparency and precision in the audit process, benefiting both businesses and tax authorities.
What is an e-invoice?
An e-invoice is an electronic form of invoices. It encompasses tax invoices, basic tax invoice and credit and debit notes. The ZATCA which is authorized for e-invoicing in Saudi Arabia mandates e-invoicing for resident B2B and B2C transactions. All businesses registered under KSA VAT must use electronic invoices.
Phases of e-invoicing in KSA
The e-invoicing processes are initiated in distinct phases. Phase 1 is Generation Phase and Phase 2 is Integration phase. In the Generation Phase, all the taxpayers generate and store invoices through a compliant e-invoicing solution.
Phase 2 is the integration phase and includes the technical aspects of the electronic invoices and electronic solutions. Simply put, taxpayers need to integrate their electronic invoicing issuing systems with ZATCA to share data.
The tax invoice must be cleared by ZATCA before issuance to customers as a legally valid e-invoice.
Get ZATCA compliant e-invoicing portal
Businesses should have ZATCA compliant software for e-invoicing in Saudi Arabia to process B2B and B2C invoices. For organizations to submit the Invoice to ZATCA portal, compliant ZATCA e-invoicing portal.
The ZATCA e-invoicing portal by LITS SERVICES facilitates the seamless submission of both B2B and B2C invoices to the ZATCA FATOORA portal. This application submits the invoices to ZATCA portal for clearance and reporting purposes.
Taxpayers can submit their invoices to the ZATCA portal through the e-invoicing portal manually or by API integration with their existing ERP system.
Highlights of the LITS ZATCA e-invoicing portal
Seamless integration: LITS e-invoicing solution effortlessly integrates with ZATCA portal, ensuring a smooth B2B and B2C e-invoicing process.
Easy Submission of invoices: LITS e-invoicing portal initiates easy submission of tax invoices to the ZATCA system through an intuitive interface. Simply input your invoice details and let the LITS system handle the rest.
Automated Signing Process: Bid farewell to manual signatures. Our e-invoicing system automates the signing process, it generates the signed copies of the tax invoices in PDF formats quickly.
Secure transactions: Our portal places a high priority on data security. It is equipped with robust security mechanisms to ensure secure transactions for ZATCA integration.
Customization: The ZATCA e-invoicing solution by LITS provides customization opportunity, allowing businesses to customize the software to their specific needs. Customize fields, templates, and workflows to align with your business needs.
ZATCA e-invoicing portal: Benefits
Enhance efficiency: Our e-invoicing solution optimizes the e-invoicing process. By automating invoicing procedures, our portal eliminates manual processing, saving you time and effort.
Improved Accuracy: LITS e-invoicing portal provides an accurate e-invoicing solution, effectively eliminating errors and discrepancies. Enjoy a worry-free invoicing process that is both precise and compliant.
Cost Savings: Businesses can significantly reduce operational costs by eliminating the need for manual invoicing processes. Our portal provides an affordable solution that guarantees maximum efficiency.
Compliance: The ZATCA e-invoicing solution is fully compliant with ZATCA regulations, guaranteeing a hassle-free invoicing process in the KSA.
The ZATCA e-Invoicing Portal from LITS SERVICES is available on Microsoft AppSource. Businesses in KSA looking to simplify and ensure accuracy in their e-invoicing processes can utilize our portal for easy clearance and reporting.
Click on the “Contact Me” button while visiting Microsoft AppSource to reach out to our professionals.
Why LITS ZATCA e-invoicing Portal?
- Our solution ensures accurate e-invoicing process
- Quickly connect with ERP/POS’s systems across various business
- Ensures seamless performance
E-invoicing in Saudi Arabia: Benefits
- E-invoicing provides transparency in finance transactions.
- The e-invoicing process ensures financial stability.
- E-invoicing portals enhance efficiency in financial transactions for both businesses and government.
- E-invoicing reduces the usage of paper invoices, contributing to eco-friendliness.
- E-invoicing eliminates fraudulent financial transactions and helps detect fake invoices.
LITS SERVICES provides ZATCA compliant e-invoicing software, allowing easy submission of invoices to the ZATCA portal. Our expertise lies in ensuring compliance, end-to-end integration, and to make the e-invoicing simple. As a Microsoft Certified Gold Partner, we have extensive experience in various Dynamics 365 solutions, helping companies grow with innovative technologies.
Visit Microsoft AppSource and search for ZATCA e-Invoicing Portal by LITS SERVICES.
FAQs:
Can I submit B2B and B2C invoices through e-invoicing portal?
Yes, you can submit both B2B and B2C invoices through LITS ZATCA e-invoicing software.
Does LITS e-invoicing portal support automation?
Our portal automates the signing process, generating signed copies of your invoices in PDF format instantly.
What are the benefits of LITS ZATCA e-invoicing portal?
Save time, reduce operational costs, reduce errors and discrepancies, and stay compliant with ZATCA regulations effortlessly.
Is it possible to customize the software?
Yes, the software can be customized to meet your business requirements and preferences. Our professionals provide support for customization and integration.