Who Is Required to Use Electronic Invoicing? Discover How Obill Can Help You Comply
Introduction
With the shift to electronic invoicing in Saudi Arabia, it has become essential to determine whether your company needs to adopt the new system. According to regulations from the Zakat, Tax, and Customs Authority (ZATCA), many businesses must follow electronic invoicing rules to stay compliant. Obill offers an ideal solution, providing seamless integration with the necessary requirements. In this article, we explore which businesses are required to issue electronic invoices and how Obill can help meet these needs efficiently.
Who Must Comply with Electronic Invoicing?
1. VAT-Registered Businesses
All businesses registered for VAT must issue electronic invoices. This requirement ensures transparency and eases accounting processes, and Obill simplifies compliance by generating invoices that include essential legal details such as the VAT number and total amount.
2. Suppliers and Distributors
Suppliers and distributors working with government and private entities are also required to use electronic invoicing in alignment with ZATCA standards. Obill enables the creation and delivery of accurate, reliable invoices, facilitating compliance and strengthening trust between suppliers and their clients.
3. Small and Medium Enterprises (SMEs)
Even SMEs with revenue exceeding a certain threshold are now obligated to use electronic invoicing. Obill assists these businesses in transitioning from traditional to digital invoicing smoothly, enhancing financial processes and operational efficiency.
4. Service Providers
Service providers, though not selling physical products, are also required to issue electronic invoices to remain compliant. Obill allows service providers to issue customized invoices, making client management easier and ensuring professional service delivery.
How Obill Helps You Meet Electronic Invoicing Requirements