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The Fatoora Platform is an electronic invoicing (e-invoicing) system developed by ZATCA to streamline the invoicing process and enhance compliance with tax regulations in Saudi Arabia. Launched on 24 August 2021, the platform facilitates the digital issuance and management of invoices across all sectors, significantly reducing the ...
In March 2021, Saudi Arabia launched the digital version of the Absher for individuals app through which the users can download a copy of their digital ID. [9] Then, new services were added to the platform such as online birth and death registration services, requesting amendments to academic credentials, correcting names in English and marital ...
Self-billing invoice - A self billing invoice is used when a buyer issues the invoice to themselves (e.g. according to the consumption levels he is taking out of a vendor-managed inventory stock). [9] The buyer (i.e. the issuer) should treat the invoice as an account payable and the seller should treat it as an account receivable.
Invoice processing : involves the handling of incoming invoices from arrival to payment. Invoices have many variations and types. In general, invoices are grouped into two types: Invoices associated with a company's internal request or purchase order (PO-based invoices) and; Invoices that do not have an associated request (non-PO invoices).
U.S. consumers who were “tricked” into purchases they didn't want from Fortnite maker Epic Games are now starting to receive refund checks, the Federal Trade Commission said this week. Back in ...
The simplified examples assume incorrectly that taxes are non-distortionary: the same number of widgets were made and sold both before and after the introduction of the tax. However, the supply and demand economic model suggests that any tax raises the cost of the product for someone.