|
NG-4908
Ariba Network now supports electronic tax invoicing solution in the Kingdom of Saudi Arabia (KSA). This includes receiving, validating, transforming, and transmitting tax invoices between supplier and buyer organizations through Ariba Network.
The Kingdom of Saudi Arabia tax authority, known as the Saudi Arabian Tax and Customs Authority (ZATCA), mandates legal compliance on all the commercial transactions between suppliers and buyers.
Electronic invoicing in KSA is rolled-out in two phases. The first phase is effective December 4, 2021. The following guidelines must be followed by the taxpayers in the first phase:
•All domestic taxpayers must generate, amend, and store electronic invoices and related documents such as, credit and debit notes.
•Documents must be in structured file formats. For example, XML.
•Uncontrolled access, modifying invoices and logs, and multiple invoice sequences are prohibited.
The Kingdom of Saudi Arabia introduced a two-phased e-invoicing mandate. Invoices from the Ariba Network would technically not comply with the new regulations required in phase 1.
The feature enhances the Ariba Network functionality to comply with the technical requirements in phase 1 of the e-invoicing mandate in the Kingdom of Saudi Arabia.
AN-Invoicing
Buyer and Supplier
Automatically On
SAP Business Network
None identified
None identified
SAP Business Network for Procurement & Supply Chain 2111