Zakat, Tax and Customs Authority
What is E-Invoicing (FATOORAH)?
Electronic invoicing is a procedure that
aims to convert the issuing of paper invoices and notes into an electronic
process that allows the exchange and processing of invoices, credit notes &
debit notes in a structure electronic format between buyer and seller through
an integrated electronic solution.
What is an electronic invoice?
A tax invoice that is generated in a structured electronic format through electronic means. A paper invoice that converted into an electronic format through coping, scanning, or any other method is not considered an electronic invoice.
Tax Invoice
An invoice that is usually issued by a Business to another
Business (B2B), containing all tax invoice elements.
Simplified Tax Invoice
An invoice that is usually issued by a Business to consumer (B2C)
containing all simplified tax invoice elements.
How does E-Invoicing (FATOORAH) work?
E-Invoicing will be rolled-out in two phases in KSA (more details about the phases here).
For the first phase, enforced as of December 4th, 2021, for all taxpayers (excluding non-resident taxpayers), and any other parties issuing tax invoices on behalf of suppliers subject to VAT, electronic invoice issuance will be very similar to invoices generated prior to 4 Dec 2021, with invoices issued through a compliant electronic solution and including additional fields depending on the type of the transaction.
For the second phase, enforceable starting January 1st, 2023 in waves, the electronic solution must be integrated with ZATCA's systems and e-invoices should be generated in the required format.
MUSHROOM NETWORKS
Since 2004, Mushroom Networks has been leading the field and perfecting the art of Software-Defined Wide Area Networking (SD-WAN) and Broadband Bonding®. We built our SD-WAN from the ground up to meet, and exceed, the needs of today’s enterprise customers including small, medium and large organizations worldwide. We specifically designed it for those of you who want the best.
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TransNational Computer LLC
is one of Dubai Based leading IT and Accounting Software solution providers supplying high-quality implementation and support services. We are Master Partner for Intuit QuickBooks and Sage and have been representing them in 25 countries across the MENA, South-East Asia and African regions. In 1995, We started in the IT industry as a PC assembler and became one of the few IT companies to have achieved its position through ‘organic growth’. Later, we saw an opportunity in helping small businesses and non-profits organizations to manage their finances and thus started dealing into the Accounting Software packages, CRM & HR & Payroll software and small business applications.
TransNational Computer is a leader in information technology solutions. TNC is also leading partner of world-class accounting, CRM solutions. Specialized in high-performance providing network attached storage, storage area networks, and RAID Systems for two decades. It takes pride in its innovative spirit, engineering excellence, and providing cutting-edge customer-driven products. TNC has experience working with customers, including small-to-medium businesses, government agencies, universities, hospitals, financial institutions, Oil Industry with focus on specific vertical markets and technologies to cover the business and government technology space. TNC offers a comprehensive range of products that provide enhanced business management solutions, storage protection, redundancy, high availability, and scalability in each cost-effective configuration.
Headquartered in the heart of Middle East called Dubai and development center in India. TNC has served small and medium sized businesses in MENA, South-East Asia and African regions covering almost 25 countries with innovative IT & software solutions. We are also into the custom software development for SMEs. That gives value addition to our portfolio such as Software Implementation, Software Troubleshooting, Crystal Reports writing etc. We offer our customers a wide range of products backed by proactive support, competitive pricing and superior services. We represent many global software companies as their premium partner in the region.
DigitalOcean
DigitalOcean is a cloud infrastructure provider that offers cloud computing services to businesses of all sizes. The company provides virtual servers, storage, and networking services that can be easily scaled to meet the needs of its customers.
DigitalOcean's services are designed to be simple, fast, and affordable, with a focus on providing developers with the tools they need to build and deploy applications in the cloud. The company's infrastructure is built on modern hardware and networking technology, and it has data centers located in multiple regions around the world to ensure high availability and low latency.
DigitalOcean also offers a user-friendly control panel and API that enable customers to manage their servers and services with ease. Additionally, the company provides a variety of tools and resources to help developers get started quickly and easily, including tutorials, documentation, and a community forum.
DigitalOcean is headquartered in New York City and serves customers in more than 195 countries. The company has a strong focus on supporting startups, developers, and small businesses, and it has been recognized as a leading cloud infrastructure provider in the industry.
