What is fiscal edge?
Fiscal Edge offers a comprehensive platform designed to ensure e-invoicing compliance through the provision of robust
and scalable solutions. Delivering end-to-end automation for the seamless exchange of e-invoices across multiple sources, all in compliance with the government tax authorities' expectations.
Fiscal Edge has employed cutting-edge cloud solutions, with the capability to facilitate millions of transactions annually. This efficiency is attributed to a robust integration architecture that accommodates diverse integration options and formats.
and scalable solutions. Delivering end-to-end automation for the seamless exchange of e-invoices across multiple sources, all in compliance with the government tax authorities' expectations.
Fiscal Edge has employed cutting-edge cloud solutions, with the capability to facilitate millions of transactions annually. This efficiency is attributed to a robust integration architecture that accommodates diverse integration options and formats.
WHAT IS SMART INVOICE?
Following the pronouncement made during the 2024 national budget address by the Minister of Finance and National Planning to implement electronic invoicing, taxpayers will be required to use the Smart Invoice to record all transactions.
Starting from July 1st, the Zambia Revenue Authority has mandated that all VAT registered taxpayers must be registered on the Smart Invoice platform.
Starting from July 1st, the Zambia Revenue Authority has mandated that all VAT registered taxpayers must be registered on the Smart Invoice platform.
What Is Electronic Invoicing?
Electronic invoicing is a type of invoicing that allocates each transaction with a special mark of authenticity called fiscal signature and transmits invoice data to the tax authority in real-time. This type of invoicing will replace the Electronic Fiscal Devices (EFDs) that are currently in use. The implementation of EFDs was mainly based on physical gadgets
(devices) while Smart Invoice will be software based.
Additionally, the EFD implementation only covered Value Added Tax (VAT) and Insurance Premium Levy (IPL) while Smart Invoice will cover more types of taxes or levies such as VAT, Turnover tax, Rental tax, Insurance Premium Levy, Tourism levy and Local excise duty on Electric Energy. The Smart Invoice will also have a component that will provide for stock management.
(devices) while Smart Invoice will be software based.
Additionally, the EFD implementation only covered Value Added Tax (VAT) and Insurance Premium Levy (IPL) while Smart Invoice will cover more types of taxes or levies such as VAT, Turnover tax, Rental tax, Insurance Premium Levy, Tourism levy and Local excise duty on Electric Energy. The Smart Invoice will also have a component that will provide for stock management.
hOW IT WORKS
HOW IT LOOKS
Fiscal Edge has a feature-rich dashboard and offers a comprehensive overview of your smart invoice fiscalization process. It provides real-time insights into the upload status of your invoices to ZRA Smart Invoice system, ensuring you're always informed. With this tool, you'll never have to wonder whether the ZRA has received your invoice or not.
Will there be penalties for not using Smart Invoice?
It will be a legal requirement to use the Smart Invoice. Failure to issue electronic invoices will attract penalties. The penalties will be specified in the electronic invoicing legislation. Read more on penalties on the ZRA website: Penalties – Zambia Revenue Authority
All taxpayers registered for eligible types of taxes will be required to use Smart Invoice to record transactions. However, the Commissioner-General may allow certain categories of taxpayers to use other types of invoicing systems for specific reasons.
All taxpayers registered for eligible types of taxes will be required to use Smart Invoice to record transactions. However, the Commissioner-General may allow certain categories of taxpayers to use other types of invoicing systems for specific reasons.
what we provide
The good news is that we can make your existing supported ERP Finance system compliant with ZRA regulations via Fiscal Edge solution.
If you have a working ERP solution or require that we setup a new one for you. We provide Smart Invoice supported packages like Sage ERP and Palladium to help you integrate to Fiscal Edge and connect to Smart Invoice seamlessly.
We have successfully made compliant 378 companies, among them are notably, ZAFFICKO, Buya Bamba, Modern Bazaar, Gomes Haulage, SPARK Distributors and more.
If you have a working ERP solution or require that we setup a new one for you. We provide Smart Invoice supported packages like Sage ERP and Palladium to help you integrate to Fiscal Edge and connect to Smart Invoice seamlessly.
We have successfully made compliant 378 companies, among them are notably, ZAFFICKO, Buya Bamba, Modern Bazaar, Gomes Haulage, SPARK Distributors and more.
