Odoo's Rapid Solution for KSA E-Invoicing (FATOORA)
DUBAI, UAE, Dec. 13, 2021 /PRNewswire/ -- The government of Saudi Arabia (KSA) has implemented e-invoicing (FATOORA) as a mandatory requirement from December 4, 2021, under which VAT applicable businesses have to use a compatible system to generate invoices and provide an option to capture QR codes as per Zakat, Tax and Customs Authority (ZATCA) guidelines. This means that suppliers will no longer be allowed to generate or store paper or PDF invoices.
- This means that suppliers will no longer be allowed to generate or store paper or PDF invoices.
- Odoo, a leader in open source all-in-one business software, has the localized solution for KSA e-invoicing Phase One already available for their customers.
- This solution assists all current and future Odoo customers to comply with ZATCA quickly and efficiently.
- "We've assisted already the majority of our Saudi Arabian customers to be compliant and avoid any costly penalties."