Are there any specific software or platforms recommended by ZATCA for e-invoicing?

Discover ZATCA's endorsed software and platforms for efficient e-invoicing solutions.

Ajith Kumar M
August 14, 2023
3 min

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The ZATCA and E-Invoicing: What You Need to Know

The digital era is bringing a new wave of change in the business world. This wave is evident in the push towards electronic invoicing, and leading this push in Saudi Arabia is the Zakat, Tax and Customs Authority (ZATCA). As businesses race to get on board with e-invoicing, many often wonder, "Which software or platforms are recommended by ZATCA for e-invoicing?" Well, let's dive in and find out!

ZATCA's Stance on E-Invoicing Platforms

It's essential to clarify that ZATCA has not explicitly endorsed or recommended specific e-invoicing software or But Listed a Solution providers platforms. Instead, they provide a list of requirements and standards that e-invoicing platforms should meet to be compliant. This gives businesses the flexibility to choose the platform that best suits their needs, as long as the platform is compliant with ZATCA’s guidelines.

Key ZATCA Requirements for E-Invoicing Platforms

Before you dive into picking a platform, it’s a good idea to familiarize yourself with ZATCA’s main e-invoicing requirements. Here's a simplified rundown:

  1. Data Integrity & Authenticity: The platform must ensure that the data on the invoice remains unchanged and is authentic from the point of creation to the end of its retention period.
  2. Standard Format: E-invoices must adhere to the Unified Invoice Schema as defined by ZATCA.
  3. Storage & Retrieval: E-invoices must be stored within the Kingdom of Saudi Arabia for a period specified by ZATCA, and they must be easily retrievable upon request.
  4. Security & Privacy: The platform should offer robust security measures to protect the confidentiality and privacy of the invoicing data.
  5. Access for ZATCA: In the event of audits or checks, ZATCA should have access to e-invoices in the required format without any hindrances.

Now, while there are multiple platforms in the market that can handle these requirements, one of the choices available to businesses looking for a compliant solution is Complyance.io.

ZATCA’s Recommendations for E-invoicing Platforms

ZATCA doesn’t specifically endorse any software, but they do set forth a list of mandatory and optional requirements that an e-invoicing software must possess. These requirements ensure that businesses can generate, store, and manage electronic invoices effectively while ensuring the necessary compliance.

Some of ZATCA's key requirements include:

  1. Security: The software must ensure the integrity, authenticity, and readability of electronic invoices.
  2. Data Consistency: It should be capable of generating electronic invoices containing all the necessary details without any alteration.
  3. Interoperability: The system should have the capacity to share e-invoices seamlessly with other systems, ensuring business continuity.
  4. Storage: Electronic invoices should be storable for a specified duration (usually for a few years) to ensure that they can be retrieved and viewed when required.
  5. Regulatory Compliance: The software must be updated regularly to ensure that it meets any changing regulatory requirements.

Complyance.io: A Platform That Ticks All the Boxes

Now, while there are numerous software platforms out there that align with ZATCA's requirements, Complyance.io has been making waves in this domain. Here's a brief look at why:

  • Intuitive Interface: Complyance.io offers an easy-to-use interface that ensures even those not tech-savvy can navigate and manage their e-invoicing needs effortlessly.
  • Seamless Integration: It provides integration options with various other platforms, ensuring smooth data transfer.
  • Robust Security Protocols: One of the standout features of Complyance.io is its commitment to security, ensuring that your data is safe and the e-invoices are generated without any breaches.
  • Regular Updates: Given the ever-evolving nature of regulatory requirements, Complyance.io ensures its platform is always updated to meet ZATCA’s most recent stipulations.

Conclusion

In the end, it's all about finding an e-invoicing platform that best aligns with your business needs while ensuring compliance with ZATCA’s requirements. Whether you opt for Complyance.io or another solution, the key is to stay informed, ensure compliance, and embrace the future of e-invoicing with confidence.