News 24 | Zakat: The second phase of electronic invoicing will be implemented in 2023 .. and this is what will happen in it


photoThe Deputy Governor of the Zakat, Tax and Customs Authority for Strategy and Development, Abdullah Al-Fantoukh, said that the application of the electronic invoice will take place in two phases, the first starting from 4 December, and the second from early January 2023 AD.

He added that the second phase of the electronic billing application will be in batches, in which integration and linkage will take place, in which bills will be delivered to the authority’s “Fateora” platform.

He added that the difference between the electronic and paper invoice can be summarized in that it transforms the traditional method of issuing invoices into an integrated electronic process that allows data processing and exchange in an organized manner, indicating that its reliability is greater for all parties, including the consumer.

He pointed out that electronic invoicing is a national project that helps fight commercial concealment and enhances fair competition between sellers, and it can only succeed with the cooperation of all.

It is noteworthy that this came during a virtual meeting held by the Center for Communication and Financial Knowledge in cooperation with the Zakat, Tax and Customs Authority, entitled “Electronic Billing and Empowering the Private Sector”.


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