What is Tax Invoice?
A tax invoice is a VAT-compliant invoice issued by a VAT-registered supplier to document a taxable supply. It supports the seller’s output VAT liability and the buyer’s input VAT claim. In Saudi Arabia, ZATCA prescribes mandatory fields such as the VAT registration number, invoice date, supply date, line-item VAT, total VAT, and (under Phase 2 e-invoicing) cryptographic stamping and QR codes.
How It Works
- Issue the invoice within 15 days of the end of the month in which the supply occurred.
- Include seller VAT number, name, and address.
- Include buyer details (full set for standard tax invoices; abbreviated for simplified).
- Show each line’s quantity, unit price, taxable amount, VAT rate, VAT amount, and total.
- Under Phase 2 e-invoicing, include the cryptographic stamp, QR code, UUID, and previous invoice hash.
Saudi Context
ZATCA distinguishes between standard tax invoices (B2B) and simplified tax invoices (B2C). Phase 2 e-invoicing requires real-time clearance for B2B and reporting within 24 hours for B2C. Non-compliance triggers penalties up to SAR 50,000 per violation. Qoyod generates fully compliant tax invoices and integrates directly with the Fatoora platform.
Example
A wholesaler invoices a corporate buyer for SAR 100,000 of goods at 15% VAT. The compliant tax invoice shows: line items with SAR 100,000 taxable amount, VAT SAR 15,000, total SAR 115,000, both parties’ VAT numbers, invoice date, supply date, QR code, UUID, and the cryptographic stamp.