The Zambian Revenue Authority (ZRA) granted taxpayers a three-month grace period to comply with the e-invoicing obligation through the Smart Invoice System (SIS). Taxpayers were previously required to comply as of July 1, 2024; however, now taxpayers have time until September 30, 2024.
The Smart Invoicing System leverages technology to monitor real-time transactions, aiming to reduce the number of fictitious invoices in circulation and the VAT gap. This new grace period is intended to grant VAT-registered taxpayers ample time to register and integrate their operations with the Smart Invoice software without facing any penalties for non-compliance.
During a press conference, the ZAR Commissioner General clarified that penalties for non-compliance with e-invoicing will be enforced from October 1, 2024. During the grace period, taxpayers must ensure registration and a consistent use of the SIS.
