The Zambia Revenue Authority – ZRA has partnered with BDO Zambia to launch a smart invoice which is designed to provide the information that is needed to the most of the smart Invoice.
speaking at the launch, Debbie Nonde Tax Director/Partner of DBO Zambia Limited expressed her excitement over the partnership with Zambia Revenue Authority – ZRA, which will see the Implementation of the smart Invoice system.
she said the smart Invoice is meant to save the client btrer as BDO Zambia Limited is aware of the penalties that apply.
She noted that BDO Zambia has partnered with the right people that wanted to be in place and looking forward to a smooth implementation of the smart Invoice.
“all the clients are required to be registered by 1st of July 2024, we want our clients to be fully aware and very prepared to use the smart Invoice.
she invited all the clients and all those that are looking forward to this implementation to another online meeting that is scheduled for next Friday 10hrs to 12hrs which will look at on board process on how it will done.
Speaking at the same event Kaoya Ntalasha Change Champion Smart Invoice, gave more insight on the smart Invoice, said the benefits of using smart invoice is that it caters for a variety of business types by offering multiple invoicing solutions such as the mobile client.
Ntalasha said the solution are software based thereby eliminating the use of physical devices.
He explained that the invoice reduces the cost associated with the purchase and use of paper based invoice book.
He said the targeted tax types on smart invoice which are the value added tax, insurance premium levy, tourism levy, excise Coal and electricity, rental income, turnover tax and taxpayers without VAT but on income tax.
Ntalasha said the smart Invoice will include a stock management module that will allow users to efficiently manager their inventory levels and stock movement between buyers and sellers.
“Invoices authenticated by smart invoice will have a QR code that can be scanned on any mobile application to receive a quick response massage on the validity of the invoice”. He said
He echoed that the implementation of smart invoice is a pivotal step towards modernizing and streamlining the tax administration process for a better Zambia.
