Fatoora Platform
| Developer(s) | Zakat, Tax and Customs Authority (ZATCA) |
|---|---|
| Initial release | August 24, 2021 |
| Type | E-invoicing software |
| Website | fatoora |
The Fatoora Platform is an electronic invoicing (e-invoicing) system developed by the Zakat, Tax and Customs Authority (ZATCA) in Saudi Arabia to facilitate the transition from paper-based invoicing to digital invoicing. It serves as a central system for businesses to onboard their e-Invoice Generating Solution (EGS) units and generate compliant e-invoices under Saudi regulations.[1][2][3]
Development and Purpose[edit]
The platform was created to address significant challenges in the traditional invoicing process, including inefficiencies, transparency issues, and the high prevalence of tax evasion and fraud. By automating and centralizing the invoicing process, Fatoora aims to improve tax compliance, administrative efficiency, and data accuracy.[4][5][6]
Functionalities[edit]
- Onboarding of EGS Units: Businesses can onboard their EGS units by generating new Cryptographic Stamp Identifiers (CSIDs) or renewing existing ones.[7]
- CSID Management: Management of CSIDs through the portal allows for the renewal, revocation, and viewing of all onboarded EGS units.
- E-Invoicing Integration: Integration with existing ERP/POS systems is required for generating compliant e-invoices.[8]
- Compliance Monitoring: Serves as the official e-invoicing platform in Saudi Arabia, ensuring that all invoices are compliant with national regulations.[9]
Security Measures[edit]
Fatoora incorporates several security measures, including:[10][11][12]
- Authentication: Access to the portal requires ERAD credentials.
- One-Time Password (OTP): Used for onboarding new EGS units or renewing CSIDs, enhancing security.
- Cryptographic Stamp Identifier (CSID): Ensures the integrity and authenticity of e-invoices.
Impact[edit]
The implementation of the Fatoora Platform has been a significant step towards digital transformation in Saudi Arabia, aligning with the goals of Saudi Vision 2030 by improving operational efficiencies and supporting economic development.[13][14]
References[edit]
- ^ "Governor of the Zakat, Tax and Customs Authority Launches". zatca.gov.sa. Retrieved 2024-07-03.
- ^ PricewaterhouseCoopers. "Saudi Arabia: Rulings submission - Proposed amendment to the provisions of Article 75 of the VAT Implementing Regulations". PwC. Retrieved 2024-07-03.
- ^ "Saudi Arabia Fatoora Portal: The Complete Guide". www.cygnet.one. 2024-02-06. Retrieved 2024-07-03.
- ^ "INTax e-invoicing solution in the Kingdom of Saudi Arabia | Deloitte Middle East". Deloitte. Retrieved 2024-07-03.
- ^ "ZATCA launches e-invoicing project, first phase starts Dec. 4". ArgaamPlus. Retrieved 2024-07-03.
- ^ "Odoo's e-invoicing solution FATOORA to help customers adhere to ZATCA regulations in KSA - Edge Middle East". Edge Middle East. 2021-12-26. Retrieved 2024-07-03.
- ^ "KSA E-Invoicing Phase 2: Navigating Requirements". www.cygnet.one. 2023-12-22. Retrieved 2024-07-03.
- ^ "Tax Alert: Second Wave of E-invoicing Phase II Applicability - KPMG Saudi Arabia". KPMG. 2023-01-02. Retrieved 2024-07-03.
- ^ "ZATCA defines criteria for selecting establishments in 2nd phase of e-invoicing". Saudigazette. 2022-12-24. Retrieved 2024-07-03.
- ^ "تعديل الملحق الثاني من الضوابط والمتطلبات والمواصفات الفنية والقواعد الإجرائية اللازمة لتنفيذ أحكام لائحة الفوترة الإلكترونية". istitlaa.ncc.gov.sa. Retrieved 2024-07-03.
- ^ PricewaterhouseCoopers. "GCC Indirect Tax News Roundup - Quarter Two 2023". PwC. Retrieved 2024-07-03.
- ^ "ZATCA defines criteria for selecting establishments in 2nd phase of e-invoicing". Saudigazette. 2022-12-24. Retrieved 2024-07-03.
- ^ "ZATCA sets three steps for preparing for E-Invoicing first phase". zatca.gov.sa. Retrieved 2024-07-03.
- ^ "ZATCA documentary 'Fatoora' on positive impact of e-invoicing". Arab News. 2023-08-25. Retrieved 2024-07-03.
External links[edit]
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