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Accelerate Your Journey to VAT and e-Invoicing Compliance in Qatar
Comply with the emerging mandates
Qatar Ministry of Economy and Commerce’s Plan for Implementing e-Invoicing
Qatar does not currently have mandatory e-invoicing requirements though businesses issue e-invoices voluntarily. The Ministry of Economy and Commerce in Qatar is expected to introduce mandatory e-invoicing soon. But the country must establish a VAT regime before e-invoicing can be rolled out. VAT was expected to become effective from January 1, 2024, but was delayed.
Under the proposed e-invoicing rules, any business issuing e-invoice must be registered with the Qatar Tax Authority. E-invoices are to be provided to buyers within 24 hours of sale, and the Qatar Tax Authority must receive e-invoices within 48 hours of the sale. Further, they must only work with certified e-invoicing providers to ensure compliance. E-invoices must be in Arabic or English only and must include supplier and customer’s names, addresses, and contact information.
What Does it Mean for Organizations
There is already some momentum in adoption of e-invoicing in the country, which will likely accelerate further once VAT is mandated. Currently, businesses in Qatar create and share e-invoices voluntarily. But once the e-invoicing rules come into effect, they will have to update their invoicing processes to ensure compliance. This means overhauling existing manual processes and moving to a robust technology platform that can automate and manage the end-to-end invoicing process.
Key Objectives
Improve transaction efficiency and transparency
Help businesses improve operational efficiency
Accelerate the country’s digital economy
Reduce tax fraud
Scope of e-Invoicing
B2C, B2B and B2G (Business to Government) organizations in Qatar will be required to comply with e-invoicing regulations
Count on SunTec e-Invoicing
Seamless Integration: A platform and network agnostic product that effortlessly integrates with any e-invoicing platform through any interoperable network
System Compatibility: Multiple integration options allow seamless connectivity with your existing systems for transaction and data flow, making it system agnostic
Open Architecture: Featuring a flexible, open software architecture that supports APIs, facilitating easy integration with Enterprise Content Management (ECM) and Document Management Systems (DMS)
Customizable Invoice Templates: Generate configurable template-based invoices and credit notes in PDF format, secured with password encryption and automatically emailed to customers
Fully Compliant: Adheres to e-invoicing and Continuous Transaction Control regulations across various countries, with the flexibility to adapt to evolving regulatory standards
Automated Registration: Streamlined automated process for e-invoicing application registration with regulatory authority systems or portals, ensuring swift compliance
Proactive Regulatory Support: Stay ahead of regulatory changes with continuous updates, insights into business impacts, and guidance on how to manage these shifts effectively
Comprehensive Reporting: Access out-of-the-box reports and interactive dashboards for real-time analysis, with a powerful Generic Extract tool for custom data extraction