Saudi Arabia rolled out new e-invoicing system (Fatoorah) for business replacing old manual process in two phases. Implimentation Phases: Phase I – December 4th 2021 ( E-invoicing generation and saving enforcement ) Phase II – January 1st 2023 ( E-Invoicing integration enforcement )
KSA introduced e-Invoicing to make businesses work more securely and efficiently. E-Invoicing (Fatoorah) can make transactions more efficient by reducing manual errors and faster processing. Seamless e-Invoicing system removes paper invoices and bring a standardized machine-readable format. This system helps government do understand market conditions from the data insights and prevent fraudulent activities.
FatooraOnline is one of the smartest & reliable e-invoicing software for businesses & customers in Saudi Arabia to mitigate the challenges in traditional invoicing. Its features include ZATCA compliance which leads to higher consumer protection by mainly focusing on keeping the transparency with tax obligations. FatooraOnline helps to generate real-time B2C invoices to increase efficiency […]