How will taxpayers fulfil the requirement to use ZRA Smart Invoice?

How will taxpayers fulfil the requirement to use ZRA Smart Invoice? 1
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How will taxpayers fulfil the requirement to use ZRA Smart Invoice? Let’s delve a bit deeper into the practical side of Smart Invoices. We will get into the details of how you can fulfill the requirement to use the ZRA Smart Invoice.

ZRA Approved Invoicing Solutions
So, you’ve heard about Smart Invoices, and now you’re wondering, “How do I comply? How do i use the Smart Invoice?” Well, ZRA has given the nod to a range of invoicing solutions. Here’s the breakdown:

(i) Mobile App Option: Designed for Turnover Tax and Rental Tax situations, the Mobile App lets you manage transactions through your smartphone or tablet. But, hey, it’s not your only choice. You are completely free to explore other approved invoicing packages if that suits your style and this takes us to the next one.

(ii) Online Invoicing Avenue: For those in the service industry – think of construction or law – Online Invoicing is the way to go.

Accessed through a web browser or online portal, it’s tailor-made for businesses that don’t issue invoices frequently.

(iii) Desktop Applications Channel: Calling all taxpayers (except those with accounting packages)! The Desktop Applications route is open for you.

All you need is download Smart Invoice and install the software on your computer or laptop and handle transactions locally. This gives you the advatange to work even when you have no internet as compared to online invoicing solution.

(iv) Certified Invoicing Systems: Do you have already an accounting package in your arsenal? Certified Invoicing Systems are your match. Certified incoicing systems are accounting applications that have been checked and approved by ZRA for use in Zambia.

These are systems that are scalable and can be integrated with Smart Invoice after receiving the certification stamp.

The Price Tag on Smart Invoice Installation: Now, onto the key question: Does Smart Invoice come with a cost? Brace yourself for the truth.

ZRA is offering the Smart Invoice mobile applications, desktop applications, and online invoicing packages free of charge. Yes, it’s on the house!

But, and there’s always a but, for the daredevils opting for accounting packages, here’s the twist. Integrating with Smart Invoice with other ZRA approved systems comes with a cost. A small investment, yes, but a cost nonetheless. It’s a decision to weigh against the benefits of efficiency and innovation, using your own third party system or choosing the ZRA way.

Stay tuned for more insights into Smart Invoices as we navigate the intricacies of this new landscape together!

For more information check the Electronic Invoice FAQS from ZRA source

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