How the e-invoicing process works in KSA ?
The e-invoicing process in KSA is not that different from other countries. The main difference would be the fact that businesses will have to share data with ZATCA and report their invoices to them. Other than that, the process is quite straightforward.
1. The business owner or third-party accountancy firm generates an e-invoice using compatible software.
2. The e-invoice is then sent to the customer through email, fax, or any other electronic means.
3. The customer receives the e-invoice and makes the necessary payments.
4. ZATCA will verify the authenticity of the invoice and validate it.
5.. The business owner or third-party accountancy firm then reports the invoice to ZATCA.
6. Once the invoice is validated, the business owner can proceed with delivering goods or services.
You should store the invoice in your system for future reference during each transaction. The best way is to have a cloud-based solution so you can access the invoice anytime, anywhere.
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