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SNI South Korea e-Tax Invoice SystemSNI

SNI South Korea e-Tax Invoice System enables XML-based invoice generation and real-time submission to NTS via SAP or ERP integration.

Vendor

Vendor

SNI

Company Website

Company Website

Product details

SNI’s offers an end-to-end solution for compliance with the requirements provided by the Tax Authority in South Korea. The solution performs data retrieval from our clients’ ERP systems, data mapping and processing. Taxpayers in South Korea must collaborate with an approved intermediary, such as an accredited service provider (ASP) to sign and transmit data to the tax authority. With this solution, end users can easily create e-invoices and monitor the XML and human readable HTML/PDF format and collect them in the user-friendly cockpit.

Features

  • XML Format Compliance: Invoices must be generated in XML and stored for 5 years.
  • Digital Certification: All invoice issuers must obtain a digital certificate (joint or financial) from a bank or certification authority.
  • Multiple Submission Methods:
    • Hometax: Direct issuance and automatic transmission to NTS.
    • ERP/ASP Systems: Requires next-day reporting to NTS; suitable for large businesses.
    • Telephone ARS: For small businesses without internet access.
    • In-person: Still possible but uncommon.
  • SNI End-to-End Solution:
    • Data Retrieval from ERP systems
    • Data Mapping & Processing
    • Digital Signing & Transmission via certified ASPs
    • Outbound Invoicing: Sent to NTS via APIs/web services
    • Inbound Invoicing: Automatically retrieved and displayed in the Inbound Cockpit
    • Dual Format Display: XML and human-readable HTML/PDF
    • Invoice Reconciliation: Matches invoices with POs, delivery notes, or internal records
  • SAP Compatibility:
    • SAP ECC 4.7 and above
    • SAP R/3
    • SAP S/4HANA
    • SAP Business Technology Platform (BTP)
  • ERP-Independent Option: Integrates with any ERP system without requiring version upgrades.

Benefits

  • Regulatory Compliance: Fully meets South Korea’s e-invoicing mandates and NTS requirements.
  • Real-Time Reporting: Ensures timely submission and validation of invoices.
  • Operational Efficiency: Automates invoice workflows, reducing manual effort and errors.
  • Improved Accuracy: Real-time validation and reconciliation enhance data integrity.
  • Scalable & Flexible: Suitable for businesses of all sizes and ERP environments.
  • User-Friendly Interface: The SNI Cockpit simplifies invoice tracking and management.
  • Audit Readiness: Ensures long-term storage and traceability of all e-documents.