KSA ZATCA E-Invoicing for Microsoft Dynamics 365 Business Central
ZATCA E-Invoicing extension for Microsoft Dynamics 365 Business Central allows customers in Saudi Arabia / KSA to meet the latest VAT requirements in the nation. Al-Futtaim’s extension will help you obtain Tax Invoice and credit Note as well as a Debit Note in accordance with the specifications set out in KSA Regulations. This includes Arabic columns, text and layout as well as QR codes.
Key Features
Layout
Al-Futtaim Technologies’ KSA ZATCA E Invoicing extension provide sufficient details that ensure that you comply with KSA VAT regulations and requirements. This includes labels and text in Arabic, capturing details from customer information and sales invoices.
QR Code for KSA E-Invoicing
Al-Futtaim Technologies’ Microsoft Dynamics 365 Business Central extension for KSA ZATCA E-Invoicing provides QR code on Sales Invoices, Debit Note & Credit Note that stores information as per requirements for KSA VAT Compliance.
Compliant With Phase 1 Of KSA VAT Requirements
Al-Futtaim Technologies’ Microsoft Dynamics 365 Business Central extension is in compliant with KSA VAT Requirements for Phase 1 of E-Invoicing (FATOORAH).
Advantages of e-invoicing by ZATCA in Saudi Arabia
E-invoicing simplifies business processes, saves time and money, and helps with tax management. Al–Futtaim has developed its own ZATCA Phase 1 and Phase 2 e-invoicing extensions to help businesses navigate the process with ease. Their solutions simplify the transition to e-invoicing, ensuring smooth integration, compliance, and efficiency.
Better Compliance: Businesses can easily follow tax rules , reducing mistakes and avoiding penalties.
Less Errors and Fraud: Automation reduces human mistakes and makes it harder to cheat on taxes.
Lower Costs: No need for paper, printing, or mailing invoices, saving money.
Faster Payments: Invoices are processed quickly, speeding up payments and improving cash flow.
Easy Record Keeping: Digital invoices are easier to store and find, helping with audits and tax reports.
Less Admin Work: Automation saves time on managing invoices, allowing staff to focus on other tasks.
Real-Time Monitoring: The government can track transactions instantly, ensuring accurate tax reporting.
Tax Integration: E-invoices work smoothly with Saudi tax systems, making tax filing easier.
Encourages Digital Growth: Businesses move toward digital solutions, helping them stay competitive.
Environmentally Friendly: Reduces paper usage, helping the environment.
Our Approach to ZATCA E-Invoicing Compliance at Al-Futtaim
At Al–Futtaim, we make sure your business easily meets e-invoicing rules in Saudi Arabia. Here’s how we help:
1. Custom Solutions:
We’ve developed Phase 1 and Phase 2 e-invoicing extensions that are built to fit your business needs and ensure compliance with ZATCA’s rules.
2. Easy Integration:
Our solutions work smoothly with your current systems, so the transition to e-invoicing is simple and doesn’t interrupt your daily operations.
3. Ongoing Updates:
We keep our solutions up to date with the latest tax laws, so your business stays compliant without extra effort.
4. Full Support:
We’re with you every step of the way—from setup to ongoing help—to make sure everything runs smoothly.
5. Data Security:
We prioritize your business’s data protection while you switch to digital invoicing.
FAQs on ZATCA E-Invoicing Compliance
Phase 2 requires businesses to send e-invoices to ZATCA in real-time for validation and tracking. It adds more requirements for integration and electronic exchange of invoices.
The simplified invoice is a basic format for low-value transactions. It includes key details like buyer and seller info, VAT amount, and invoice number.
Yes, e-invoicing is mandatory for all businesses in Saudi Arabia. Phase 1 started already, and Phase 2 applies from January 2024.Accordion Content
ZATCA is Saudi Arabia’s tax authority, responsible for tax rules. Fatoora is their system for managing and storing e-invoices.
Accordion Content E-invoicing helps improve tax compliance, reduce errors and fraud, save costs, and make invoicing faster and easier.
Accordion ContentIf your business is VAT-registered and issues invoices, Phase 2 applies to you.
Yes, businesses can face fines for not submitting e-invoices or submitting incorrect ones.
Make sure your invoicing system is ready to send e-invoices to ZATCA. You might need to update your software or get professional help to stay compliant.
Schedule a free demo today to know more about KSA E-Invoicing in Microsoft Dynamics 365 Business Central