The electronic bill in Saudi Arabia
The Public Authority for Zakat and Income in the Kingdom of Saudi Arabia has announced the start of implementation The electronic bill in the Kingdom In December of 2020. All those charged with value -added tax in the Kingdom are obligated to issue electronic bills and use the electronic billing system starting from December 4, 2021, in line with Saudi Vision 2030.
What is the electronic bill system? How was it applied in Saudi Arabia?
The electronic bill system is one of the most important decisions of the governance that Saudi Arabia has taken recently, as the system takes a set of measures aimed at converting the processing of the paper bill from issuing, modifying, preserving and archiving into an electronic formula in which the bills and data are exchanged and the operations required to be performed in an organized electronic formula between the parties concerned in the process Buying and selling through full electronic format.
The Authority has defined the electronic bill as an invoice that is performed various operations on it from the version to memorization and archiving in an electronic format via a full electronic system, & nbsp, provided that the tax written in handwriting and photographed with an electronic invoice scanner is not considered.
The Public Authority for Zakat had issued the electronic bill List & nbsp; Billing WhichIt contains 7 materials that regulate the mechanism of work of the electronic bills system and the various processes that are performed on it.
In addition to organizing the procedural rules and its specified time periods, in addition to the basic requirements for the electronic bill and technical solutions related to the work of the system, as well as the violations and fines that will be applied in the event of violating the regulations.
Benefits of the electronic bill in Saudi Arabia
In charges subject to the Saudi electronic billing regulations
The authority announced that the issuance of electronic bills and other operations such as modification, memorization and archiving will start on December 4, 2021.
Who are the subjects of ?
The mechanism of applying the electronic billing system
The Kingdom's Public Authority announced that the KingdomThe system application mechanism will be in two phases; The first will be the issuance of bills andCreated notifications and the cityAnd keep it in an electronic formula that the system works to organize.
These bills include all the requirements of the tax bill shown in the authority’s regulations, and this application is mandatory for all taxpayers residing in the Kingdom or their representatives in conducting issuance operations.
As for the second stage, it is aboutConnecting the issuance systems of these billsAnd the notifications of taxpayers who are subject to tax with the regulations of the Public Authority for Zakat for Zakat and Income, so that all the data and elements between all the parties concerned can be shared.
While all regulations and the method of linking them to the authority’s platforms, as well as the way to apply them, will be announced in addition to the specifications of the electronic bill in a separate list within 180 days of issuing the regulations.
The basic requirements for technical solutions related to the electronic billing system
The Public Authority for Zakat and Income in the Kingdom has identified some basic requirements for technical solutions related to the operations that are made on the electronic bill from issuance, preservation and archiving in an electronic format, as follows:
These solutions have been defined as the devices or internal management systems in the facilities, through which the electronic billing system will be working.
The most important common questions about the electronic bill in Saudi Arabia
- To have a software solutionInstitutional Resources Planning (ERP) In your company
- The programming solution used to manage the institutional resources in the company is subject to connection with external systems through the API interface (API), connected to the Internet and is not subject to manipulation
While preparingUdn programAn institutional resource planning program that complies with the entire requirements of the authority, you can getFast tourTo learn more details about the program and its willingness to link with the external systems and the electronic bills system in Saudi Arabia, you can also contact the support team in the program via e -mail
