Post by joita97022 on Jan 9, 2024 1:37:03 GMT -2
The reduction of VAT has started. In today's publication we will look at the new directions of changes proposed by the Ministry of Finance. What changes are mentioned in SLIM VAT ? According to the information on the website of the Ministry of Finance the new VAT settlement concept includes proposed changes which have been divided into areas Simpler invoicing. Friendly VAT deduction. VAT in international trade – benefits and legal certainty.
VAT – easier real estate transactions. Improving liquidity in MPP and relief for bad debts. Below we will describe Phone Number List the proposed changes that appeared in the materials. Simpler invoicing Abolition of the obligation to include on the correction invoice the word "CORRECTION INVOICE" or the word "CORRECTION" providing the reason for the correction. Elimination of regulations in the VAT Act on duplicate invoices. If the invoice is damaged or lost another copy of the invoice will need to be provided to the buyer.
Entrepreneurs will be able to include the word "duplicate" on the next copy of the invoice if the financial and accounting systems provide for such a solution; the decision on marking the invoice is optional. Introduction of the possibility of issuing VAT invoices no earlier than the th day before the delivery of goods or performance of the service as well as the th day before receiving all or part of the payment.
VAT – easier real estate transactions. Improving liquidity in MPP and relief for bad debts. Below we will describe Phone Number List the proposed changes that appeared in the materials. Simpler invoicing Abolition of the obligation to include on the correction invoice the word "CORRECTION INVOICE" or the word "CORRECTION" providing the reason for the correction. Elimination of regulations in the VAT Act on duplicate invoices. If the invoice is damaged or lost another copy of the invoice will need to be provided to the buyer.
Entrepreneurs will be able to include the word "duplicate" on the next copy of the invoice if the financial and accounting systems provide for such a solution; the decision on marking the invoice is optional. Introduction of the possibility of issuing VAT invoices no earlier than the th day before the delivery of goods or performance of the service as well as the th day before receiving all or part of the payment.