This element will not store the invoice data itself, but rather be a tool that prevents any alterations of the document. Hash: separate from the individual numbering used by the taxpayer, this will also ensure that sequential numbering is used and that no intervention (such as replacement or deletion) is possible. It will be generated using the same digital certificate as that used to stamp the electronic invoices.ģ. The Cryptographic Stamp consists of two fields: the ECDSA public key and the ECDSA signature.
E INVOICING SOLUTION VERIFICATION
Cryptographic Stamp: this will be added by GAZT upon receiving the electronic document following the positive verification of the e-invoice/e-note. UUID is a 128-bit number, generated by an algorithm designed to make it unlikely that the same identifier will be generated by any other system.Ģ. Universally Unique Identifier (UUID): all e-invoices will be individually identified in the e-invoicing system by a unique number that is ascribed to each document in addition to its sequential number. (Format elements are mainly part of the second phase of the e-invoice implementation.) More details on functionalities that become obligatory in the first phase (starting 4 December 2021) can be found in the next section.ġ. The elements and features below may have different enforcement dates. The technical solution used for generating e-invoices must be able to generate additional elements for each e-invoice and e-note: a unique identifier, cryptographic stamp, hash, QR code, and internal counter. The KSA government has given much attention to the security of electronic documents, and in the official regulations, a number of security elements are mentioned. These features will be part of the technical e-invoicing solution implemented by the taxpayer. The preferred format must be protected from alteration and fraud-proof. Taxpayers are obliged to implement e-invoicing solutions that enable the generating, saving, and archiving of electronic invoices and their associated notes (including electronic notes) in XML format or PDF/A-3 format (with embedded XML).
The second stage (the integration phase) includes the most advanced features of the e-invoicing concept, i.e., the transmission of electronic invoices and their exchange through the online GAZT platform. This stage will become effective on 4 December 2021. The first stage embraces the generation of electronic invoices and related documents, including provisions related to their processing and record-keeping. The e-invoice implementation itself will be realized in two main phases. The document has now been put to public consultation, which is predicted to be finalized by 17 April 2021. In the meantime, GAZT has also published a draft document titled Controls, Requirements, Technical Specifications, and Procedural Rules for Implementing the Provisions of the E-Invoicing Regulation. Upon analysis, this may present a challenge for businesses trying to stay compliant with the new laws, as the endgame for KSA e-invoicing is ambitious. During the pending transitional period, businesses will need to adjust their accounting systems and internal procedures in order to meet e-invoicing requirements. In practice, this means that within less than a year the e-invoicing regulations will become effective and obligatory for business users. GAZT has ordered that the final deadline for implementation be 4 December 2021. On 4 December 2020, the E-invoicing Regulation was enacted and published.
One reason for the introduction of the e-invoicing regime is that business operators will benefit from a streamlined invoicing process and more effective business operations. The recent implementation of a value-added tax (VAT) system also raises challenges to the local economy, including competition issues and fraud. The General Authority of Zakat and Tax ( GAZT) has announced the implementation the e-invoicing. Saudi Arabia, having a relatively new indirect taxation regime, is keeping pace with digital taxation.
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