- Implementation Timeline and Requirements: The second phase of the JoFotara electronic invoicing system will commence on April 1, 2025, requiring all goods and services to have original, tax-compliant invoices for tax deduction eligibility, with a registration deadline for businesses set for May 2024.
- Objectives of the JoFotara System: The initiative aims to enhance transparency and data collection for tax authorities, facilitating electronic invoice submissions through a national platform, which will include a QR code verification process for declared invoices.
- Challenges and Recommendations: Jordan currently lacks a harmonized electronic invoicing system, complicating accountability and data interchange. The government seeks to address fiscal fraud and improve user accessibility while enhancing security for electronic transactions, with further implementation details expected to be published soon.
Source Edicom
