Forget about the old invoicing procedures and get ready. As of 1 January 2021, e-invoices should be issued for B2G transactions. Whereas, for B2B and B2C (cash) transactions there is a little more time, as the new procedures come into force on 1 July 2021 and on 1 September 2021 respectively.
To issue e-invoices you need an electronic device or a software solution, which enables real-time data delivery to the tax administration system for each e-invoice issued. To ensure compliance, you also need to be well-prepared as a set of new rules have been introduced by the new law on “fiscalization”.
Check if you are ready. Try to answer the following questions:
- Do you know that each invoice will contain a QR code to ensure its identification as well as the NIVF number that will be sent by the tax administration system after the invoice verification process is completed successfully?
- Do you know that each invoice must contain the operator code as a mandatory element added to the invoice? Do you know how to register the operator? Who can register as an operator?
- Can a non-resident company apply to register as a software manufacturer or maintainer?
- Do you know that the method for preparing the VAT books, as well as the VAT returns, will change? How can you declare the VAT books?
- Do you know the procedure to be followed in case of interruption of the electronic connection? What is the deadline for submitting invoices through a special protocol?
- How can you register purchase invoices which have not been e-invoiced? If the buyer does not approve the invoice in the system, will this invoice appear in the sales book of the seller?
- Can one entity engage another entity to perform e-invoicing on its behalf?
- What is the procedure for e-invoicing imports, corrective bills, and accompanying invoices on transport?
- Do you know that the cash register must be declared on a daily basis? Who is responsible and what's the procedure?
- What are the respective penalties if you do not finalize the fiscalization process?
How can we help?
We have a dedicated team well-equipped to assist you on any query you have on e-invoicing, and its successful and timely implementation. We are currently collaborating with a number of software providers to help clients integrate their billing, CRM, ERP systems with the e-invoicing by:
reviewing and analyzing current transactions and processes;
designing new ERP and billing components to ensure compliance with the new e-invoicing rules and procedures;
preparing e-invoicing manuals;
training you and your staff to quickly adapt to new processes and procedures;
reviewing VAT ledgers and returns to ensure compliance;
assisting with getting the necessary approvals for e-invoicing on time.
