What is ZATCA and Fatoora?
The full form of ZATCA is Zakat, Tax, and Customs Authority. Which was previously called GAZT “General Authority of Zakat and Tax”. From 4th of December 2021, Saudi Arabia adopted the mandatory use of ZATCA e-invoicing (Fatoora). The invoicing will help the sellers and buyers to easily generate the E-invoicing.
What Is ZATCA Phase 2 E-invoicing In KSA?
Introduction
In Saudi Arabia, invoicing is termed Fatoorah. If you are a taxpayer and resident in the Kingdom of Saudi Arabia then you can either select an e-invoicing system or can find an invoicing provider who can configure the system to offer e-invoicing solutions as per the ZATCA rules and regulations.