ZRA pilots Smart Invoice Project to electronically manage invoices


The Zambia Revenue Authority (ZRA) is set to start piloting the Smart Invoice Project which will be used by the Authority to electronically manage all invoices and the stock data.

The organization would start piloting the project with full roll out expected to take place by July, 1, 2024.

The Smart Invoice Proejct would replace the Electronic Fiscal Devices (EFDs).

ZRA Commissioner-General, Dingani Banda, at a media briefing in Lusaka on Wednesday, explained that the Smart Invoice was a software-based fiscalisation solution for Value Added Tax (VAT) and other transactional tax types.

Read more: Revenue authority says refund claims of about K50 billion in Value Added Tax outstanding

Targeted tax types for smart invoice were: taxpayers without VAT but on Income Tax, turnover Tax, Insurance Premium Levy and tourism levy, among others.

Banda explained that the Smart Invoice Project was initiated in December 2022 to replace the EFDs.

“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,” he said.

Banda highlighted some of the benefits that came with implementation of the Smart Invoice Project such as curbing of revenue leakages leading to increased revenue collections in the medium to long term.

Other benefits mentioned were reduced level of false VAT claims resulting in decreased tax evasion and reliability of invoice information resulting in improved data analytics and facilitation of electronic auditing.

Banda pointed out increased online taxpayer interaction as another benefit which was expected to lead to reduction of face-to-face procedures in tax offices.

“Other benefits are improved taxpayer compliance resulting from increased fiscalisation solutions provided to the taxpayer at little to no cost. Smart Invoice will make Introduction of Prefilling of returns possible due to availability of data,” he said.

He indicated that taxpayers currently using EFDs would be required to migrate to Smart Invoice after roll-out.

“All eligible taxpayers to comply with the requirement to use Smart Invoice by a specified date that will be announced. All consumers to demand for a receipt and a Smart Invoice, all the time,” Banda said.

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