OUR SERVICES
As the leading corporate service provider, tax and management consultancy in Saudi Arabia, with physical presence in both countries, we have been awarded and specialize in assisting multinational corporations, and Medium to Large Enterprises with market entry solutions to expand, relocate, and restructure in Saudi Arabia, the UAE, and the wider GCC region. Our range of corporate services is designed to streamline your business operations and ensure compliance with Saudi Arabian regulations. From company formation, and tax to ongoing compliance support, we offer end-to-end solutions to support your business needs.
BT Health Check Service for e-Invoice
The BT Health Check Service for e-Invoice is an essential tool for businesses in Saudi Arabia looking to adapt to the e-invoicing mandate effectively. By leveraging this service, businesses can ensure compliance, improve operational efficiency, and secure their invoicing data.
BT API Solution with BT ERP Connectors
The BT API Solution with BT ERP Connectors integrates ERP systems with external applications, automating processes and enhancing data flow. It ensures real-time synchronization, reduces errors, and boosts productivity, keeping your ERP system responsive and efficient.
BT API Solution for Customer Integration
The BT API Solution for Customer Integration streamlines connectivity, enabling real-time data exchange and automating customer interactions. It reduces manual tasks and errors, improving response times and enhancing customer relationships for better service delivery.
BT Cloud App
1.E-invoicing and print
2. VAT Compliance
3. Accounting
4. Inventory
E-Invoicing Solution for KSA
Phases of e-invoicing in Saudi Arabia
Phase 1: Generation
This phase is known as the 'Generation Phase', in which taxpayers have to generate and store tax invoices, simplified tax invoices and respective CDNs through a complaint e-invoicing solution. ZATCA implemented this phase on 4th December 2021. It is to be compiled by all taxpayers (excluding non-resident taxpayers) and any other parties issuing tax invoices on behalf of suppliers subject to VAT.
The procedures of issuing e-invoices will be similar to issuing invoices at present but through a compatible electronic billing system. The e-invoice shall include all the required items based on the type of invoice.
Phase 2: Integration
This phase is known as the 'Integration Phase' and is rolled out in waves by the targeted taxpayer group. Phase 2 will begin on 1st January 2023. Accordingly, ZATCA notified the below waves till now:
S.No | Name of the Wave | VAT Turnover | Turnover of which year? | Effective date |
|---|---|---|---|---|
1. |
Wave 1 under phase 2 |
Above SAR 3 billion |
2021 |
1st January 2023 |
2. |
Wave 2 under phase 2 |
Above SAR 500 million and below SAR 3 billion |
2021 |
1st July 2023 |
3. |
Wave 3 under phase 2 |
Above SAR 250 million and below SAR 500 million |
2021 or 2022 |
1st October 2023 |
4. |
Wave 4 under phase 2 |
Above SAR 150 million and below SAR 250 million |
2021 or 2022 |
1st November 2023 |
5. |
Wave 5 under phase 2 |
Above SAR 100 million and below SAR 150 million |
2021 or 2022 |
1st December 2023 |
6. |
Wave 6 under phase 2 |
Above SAR 70 million and below SAR 100 million |
2021 or 2022 |
1st January 2024 |
7. |
Wave 7 under phase 2 |
Above SAR 50 million and below SAR 70 million |
2021 or 2022 |
1st February 2024 |
8. |
Wave 8 under phase 2 |
Above SAR 40 million and below SAR 50 million |
2021 or 2022 |
1st March 2024 |
9. |
Wave 9 under phase 2 |
Above SAR 30 million and below SAR 40 million |
2021 or 2022 |
1st June 2024 |
10. |
Wave 10 under phase 2 |
Above SAR 25 million and below SAR 30 million |
2022 or 2023 |
1st October 2024 |
11. |
Wave 11 under phase 2 |
Above SAR 15 million and below 25 million |
2022 or 2023 |
1st November 2024 |
12. |
Wave 12 under phase 2 |
Above SAR 10 million and below SAR 15 million |
2022 or 2023 |
1st December 2024 |
This phase involves introducing technical and business requirements for electronic invoices and electronic solutions and integrating with ZATCA’s systems. In this phase, taxpayers must integrate their systems of issuing electronic invoices and debit and credit notes with ZATCA’s systems to share data and information.
The seller has to ‘clear’ the Tax Invoice from ZATCA in real-time and then share it with the buyers as a legally valid e-invoice. However, the seller is required to report simplified invoices to ZATCA within 24 hours from the time of generation.