- QR codes are mandatory in Saudi Arabia’s Phase 2 e-invoicing. They are only required for Simplified Tax Invoices, which contain less information than full invoices.
- The QR code encodes invoice data like supplier and customer information, product details, and amounts.
- Scanning the QR code with the ZATCA’s Fatoora app verifies the invoice’s authenticity by checking it against ZATCA records.
- QR codes benefit businesses by simplifying record-keeping and reducing errors. They also benefit the government by making it easier to track transactions and improve tax collection.
- QR codes are expected to become more widespread in e-invoicing systems globally as they offer transparency, security, and ease of use.
Source Medium
