All about Saudi Arabia Fatoora Portal

There are tremendous changes in the digital environment of Saudi Arabia, especially the field of invoicing and taxation. As this paper points out, with the new regulation already in Saudi Arabia, companies must change to new technologies to implement e-invoicing. This shift forms part of Saudi government’s overall strategy to increase taxation and corresponding compliance. The legislator in charge of implementing and regulating such changes is the Zakat, Tax, and Customs Authority referred to as GAZT but now as Zakat, Tax, and Customs Authority. It is important for greedy taxpayers to know a lot about Fatoora Portal since this platform is the best place for preparing e-invoices according to the rules set by the ZATCA.

ZATCA’s e-invoicing began on December 4, 2021, with Phase I, and twelve waves of Phase II. The Fatoora Portal meant to support the taxpayers especially in Saudi Arabia whereby they have the ability to create and manage their e-invoices effortlessly. In this blog post, I will highlight what Fatoora Portal is, how you can login and the various things you can do with the Fatoora Portal. Whether you’re an experienced business person in e-invoicing in Riyadh or new to the market it is important for you to understand the Fatoora Portal in order to understand the e-invoicing system in Saudi Arabia.

What is the Fatoora Portal?

The Fatoora Portal plays an important role in e-invoicing system in KSA. It enables generating of e-invoices that meet all the regulations set by ZATCA. The objective of this online platform is to improve accuracy, time efficiency and accountability in invoicing with a view of improving on achievements by both the parties and the tax authorities in monitoring the relevant transactions. The Fatoora Portal also removes the possibility of human error in the invoicing process by automating them.

Thus, apart from generating e-invoices for tax purposes, the Fatoora Portal also helps taxpayers to better organise invoicing records. This is especially useful for firms operating in Riyadh and other saturated markets experiencing high sales volumes and hence demanding efficient processes. The utilisation of e-invoicing via the Fatoora Portal embraces the Kingdom’s Vision 2030 aims and objectives for a digital economy.

What is the purpose of the Fatoora portal?

The Fatoora Portal is a key touchpoint for taxpayers in Saudi Arabia to manage compliance with the new and changing e-invoicing rules from the Zakat, Tax, and Customs Authority (ZATCA). Unlike in the Phase I e-invoicing, integration with ZATCA is mandatory for the Phase II e-invoicing. As a legal requirement, taxpayers need to register their EGS, and harmonize it with a specific portal developed by the ZATCA. On this front, the Fatoora Portal helps these businesses to ‘ease’ into this new e-invoicing regime through a more systematic onboarding process.

The creation of the Fatoora Portal has as one of its goals the one of creating a new set of CSID’s or updating the existing ones. These CSIDs are also concerns that assure the identity and credibility of e-invoices in compliance with ZATCA. Furthermore, a taxpayer can cancel CSIDs in case it is needed, and the applicant acquires a full picture of the onboarded solutions and devices. This functionality also aids to increased operations efficiency as well as bring about transparency in invoicing to help improve the tax compliance environment in Saudi Arabia.

How to Login to the Fatoora Portal

In order to login to the Fatoora Portal, it can be accesses in two easy steps. Firstly, one can directly click at the link mentioned for accessing the portal. However, the other way is to go to the ZATCA website where they have placed the Fatoora icon on the top left corner of the home page or a Fatoora platform button under e-Invoicing tab. After getting to the portal all that is required is to put detail credentials registered when subscribing to e-invoicing service to get to your account and operate.

Uses of the Fatoora Portal

Onboarding the EGS Units

On of the services of Fatoora Portal is to host EGS units and this means that it will undertake the process of registering EGS units. Another proffering feature of the EGS units concerns the option the taxpayers have in selecting manual and automatic installations for onboarding their EGS units. This process is needed to receive new Cryptographic Stamp Identifiers (CSIDs), without which the e-invoicing regulation cannot be met. According to the step-by-step instructions provided on the portal, this makes it possible for users to incorporate them to get through the necessary on boarding process making it easier for them to create electronic invoices in compliance with ZATCA.

To view the List of Onboarded EGS Units and Devices

The Fatoora Portal also lets the visitors explore a list of all the EGS units and devices that are integrated into the system. Being an additional enhancement to help taxpayers control their invoicing systems, this feature allows for the overview of registered solutions. By using filter, sort, and search functions the list is more convenient for tracking and organizing the EGS units based on the selected criteria based on the users’ need. It also enhances the management of the alternatives of invoicing, in addition to facilitating compliance with the various rules and regulations from the ZATCA.

Conclusion:

Consequently, the Fatoora Portal should be a key reference for taxpayers in e-invoicing in Saudi Arabia as they try to deal with the new reality of e-invoicing. The portal actually helps EGS on-boarding and has utility form managing CSIDs; so, it does help in the invoicing process quite a bit. As ZATCA e-invoicing is being implemented in phases, understanding and making use of Fatoora Portal will assist organizations to continue to meet compliance while functioning within the regulatory reforms.

As the practices of e-invoicing progress in Saudi Arabia, the use of all the tools provided by the Fatoora Portal will be vital for concern businesses in Riyadh and others. Whether you are initially deploying your EGS units or need to maintain current solutions, this enables you to maximize this platform to achieve optimal invoicing compliance with ZATCA. It is therefore important for businesses to be wake and aware and embrace the new change on e-invoice in Saudi Arabia.