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ZATCA Integration in KSA
Digitize Your Business with ZATCA’s E-Invoicing in Saudi Arabia
ZATCA Integration Referral Services – Phase 2 Compliance Made Simple
At MHK, we specialize in helping businesses in Saudi Arabia achieve effortless compliance with ZATCA Phase 2 regulations while enabling valuable partnerships through our referral services. With extensive expertise in ZATCA API integration and Phase 2 implementation, we offer solutions that guarantee seamless e-invoicing compliance. Our referral program is designed to empower individuals and organizations by connecting businesses with our trusted integration services, creating a win-win scenario for everyone involved.
What is ZATCA Integration Referral & Why It Matters?
ZATCA integration referral refers to recommending MHK’s services to businesses requiring support in achieving compliance with ZATCA Phase 2 e-invoicing regulations. The Zakat, Tax, and Customs Authority (ZATCA) mandates businesses to electronically generate and submit invoices through standardized platforms via API integration, making this process a critical part of tax compliance.
Referring MHK matters because it helps businesses streamline their operations, reduces risks of penalties, and enhances transparency in invoicing processes. As a participant in our referral program, you contribute to the success of these businesses while unlocking rewarding benefits for yourself. Your referrals play a pivotal role in simplifying compliance and fostering trusted collaborations.
Transforming Invoicing in Saudi Arabia: A Digital Age Solution
Optimized Digital Workflow
Digitalization improves the supply chain, bookkeeping, and accounting for seamless business operations through e-invoicing.
Improved Tax Conformity
The improved verification of business transactions and integration boosts tax compliance and enhances the business ecosystem.
Ensuring Clear Business Practices
Commercial registrations are less private when invoice tracking and higher data retention requirements are implemented.
Enhance User Engagement
The integration system digitizes the interaction between the supplier and the customer by lowering human error in the invoicing process.
Expertly Navigate ZATCA Phase 2 Integration with MHK Services' Guidance
Reasons and Benefits of Integration
In Saudi Arabia, e-invoicing phase 2 plays a crucial role in the VAT implementation framework. The purpose of ZATCA’s e-invoicing system is to expedite the tax procedure while guaranteeing compliance with e-invoicing laws. Making sure that generated bills follow floor requirements is another important component of integration. Real-time VAT analysis is made possible by ZATCA integration with accounting software.
Accurate VAT computations are ensured and human error is reduced through the automation of tax calculations via accounting software interface with ZATCA integration. Additionally, data security and invoicing regulatory compliance are guaranteed by integrating accounting software. Therefore, MHK Services provides accurate tax computations and accounting software integration with Fatoora to guarantee invoice compliance in Saudi Arabia and streamline corporate operations. The produced invoices need to be cleared by the floor norms.
MHK Services Integration of Software
Accounting software connection with Fatoora is offered by MHK Services. We provide the following software: Freshbooks, Wafeq, Qoyod, Daftra, SMACC, Sage 50Cloud Accounting, Xero, Tally, Zoho Books, Wave, Oracle NetSuite, Microsoft Dynamics 365 BC. To provide our clients with the highest calibre, we are integrating our software. Additionally, we integrate software on time to ensure accurate VAT reporting.
MHK Services integrates software with ZATCA to guarantee e-invoicing compliance. We ensure that all invoices meet ZATCA standards. Our e-invoice connection for Zakat simplifies the compliance process. Take advantage of MHK Services’ integration capabilities for smoother business operations.
Stay on Track with FATOORA Compliance Timelines
| Wave | Criteria | Timeline |
|---|---|---|
| 1 | Turnover of more than SAR3b during calendar year 2021 | 1 January 2023 to 30 June 2023 |
| 2 | Turnover of more than SAR500m up to SAR3b during calendar year 2021 | 1 July 2023 to 31 December 2023 |
| 3 | Turnover of more than SAR250m during calendar year 2021 or 2022 | 1 October 2023 to 31 January 2024 |
| 4 | Turnover of more than SAR150m during calendar year 2021 or 2022 | 1 November 2023 to 29 February 2024 |
| 5 | Turnover of more than SAR100m during calendar year 2021 or 2022 | 1 December 2023 to 31 March 2024 |
| 6 | Turnover of more than SAR70m during calendar year 2021 or 2022 | 1 January 2024 to 30 April 2024 |
| 7 | Turnover of more than SAR50m during calendar year 2021 or 2022 | 1 February 2024 to 31 May 2024 |
| 8 | Turnover of more than SAR40m during calendar year 2021 or 2022 | 1 March 2024 to 30 June 2024 |
| 9 | Turnover of more than SAR30m during calendar year 2021 or 2022 | 1 June 2024 to 30 September 2024 |
| 10 | Turnover of more than SAR25m during calendar year 2022 or 2023 | 1 October 2024 to 31 December 2024 |
| 11 | Turnover of more than SAR15m during calendar year 2022 or 2023 | 1 November 2024 to 31 January 2025 |
| 12 | Turnover of more than SAR10m during calendar year 2022 or 2023 | 1 December 2024 to 28 February 2025 |
| 13 | Turnover of more than SAR7m during calendar year 2022 or 2023 | 1 January 2025 to 31 March 2025 |
| 14 | Turnover of more than SAR5m during calendar year 2022 or 2023 | 1 February 2025 to 30 April 2025 |
Our ZATCA Integration Referral Services
MHK’s referral services are designed to meet the needs of referrers and businesses with utmost efficiency. We provide comprehensive solutions for ZATCA API integration and Phase 2 implementation, ensuring each referred business achieves compliance without hassle. Our services include seamless e-invoicing system integration, customized implementation plans that cater to specific requirements, and rigorous system testing to guarantee accuracy and compatibility.
Through our referral program, referrers can confidently recommend MHK, knowing that every business referred to us will receive exceptional support and services. We simplify the referral process to ensure it is convenient and rewarding for everyone involved. MHK’s ability to deliver personalized solutions makes it the ideal choice for businesses of all sizes seeking compliance.
FAQ's - ZATCA Integration
Businesses must integrate APIs for e-invoicing compliance to accept invoices under KSA ZATCA laws and acquire clearance from Fatoora in the form of a cryptographic stamp.
The invoice must be submitted to Fatoora in XML format during the integration process. And for clearing, APIs are employed. The invoices were verified by Fatoora under the implementation standard, and upon clearance, they were given a cryptographic stamp.
MHK Services is a company that assists startups, SMBs, and SMEs. To satisfy the expectations of the Saudi commercial sector, we assembled a team of highly competent individuals. We stay current in the market by staying updated.