Fiscalisation for Zambia

Why You Should Fiscalise

• Efficient Recording Systems For Clients.

• Reduction In The Cost Of Compliance For The Client.

• Efficient Collection Systems For ZRA.

• Reduction In The Cost Of Administration For ZRA.

• Efficiency In Business Control And Management For Traders And ZRA.

• Less Paperwork For Clients And ZRA.

• Shorter Audit Periods For ZRA And Thus Less Business Stoppage For The Client To Accommodate Auditors.

What is V-EFD

• Virtual Electronic Fiscal Device (V-EFD) are hardware devices and software applications whose main function is to issue invoices and deliver taxable value in transactions to Zambia Revenue Authority.

Why Fiscalise with Simply Fiscalise

Simply Fiscalise is a solution which is:

• flexABLE
• scalABLE
• adaptABLE
• affordABLE

Why Fiscalise with Simply Fiscalise

Eliminates The Need For Expensive Hardware.

Can Easily Be Maintained And Upgraded For Either Statutory Or System Changes.

Does Not Require Foreign Currency.

Integrates To A Wide Variety Of Accounting Application.

Eliminates The Need For Duplicate Invoicing. That Is Re-invoicing.

Generates Fiscalised Invoices Direct From Your Accounting Application.

Can Be Supported From A Central Server.

Offers Wide Variety Of Reports.

What is Required of a V-EFD

Issuance of Fiscal Codes for Invoices.

Summary of Invoices for a Period for Statutory Returns.

Fetch the tax payer information via internet connection.

V-EFD should apply for invoices from EFD system automatically when the remaining invoices is insufficient.

Issuance of invoices for all transactions both online and offline.

Encryption of invoice data and store it securely.

Uploading of issued invoices to EFD system in real time through network.

Issue a Fiscal Code

A Fiscal Code Should Be Created And Printed At The End Of The Invoice. The Fiscal Code Is Generated Using Seven Elements.

E-invoice Number Is Used For Identifying Invoices In EFD System.

Each Invoice Will Be Allocated An E-invoice Number For Issuing.

Tax Types

The Simply Fiscal V-EFD Will Accommodate The Following Tax Types By Default And Can Be Customized To Include Others Yet Still.

Simply Fiscalise Functions