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Types of e-Invoices in the Kingdom of Saudi Arabia

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

 

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