According to the Zakat, Tax and Customs Authority (ZATCA), e-invoices (also known as Fatoorah) must be created for all tax invoices under KSA VAT. This implies that multiple types of e-invoices can be used based on the nature of one’s business and the situation.
Types of E-invoices in KSA
Before you open your e-invoicing software in Saudi Arabia and get to work, you must understand which invoice to create. The main types of e-invoices in KSA are as follows.
- 1. Standard e-invoice
- 2. Simplified e-invoice
- 3. Electronic notes (credit and debit notes)
- 4. Summary e-invoice
- 5. Self-billing e-invoice
- 6. Third-party billing e-invoice
Source: timebusinessnews.com
