New rules for declaring invoices - Fiscalization bill, strengthens traceability of transactions with foreign buyers
The Fiscalization Law will undergo changes aimed at increasing the control and traceability of transactions.
Specifically, the amendments to the draft law on the "Invoice and Circulation Monitoring System", submitted for discussion in parliamentary committees, aim to specify the level of identification and traceability of transactions, requiring that sales invoices in the case of exporting goods, when the buyer is an individual, in addition to the name, surname and address, also include the personal identification number (ID) of the buyer. The goal in this case is to specify the identification of foreign buyers.
Including the personal identification number (ID) on the invoice ensures clear and unique identification of the individual, avoids inaccuracies in the reporting process, and facilitates verification by tax and customs authorities in cases of subsequent audits or investigations.
Another important change is the extension of the deadline for reviewing and completing sales and purchase books from the tenth to the eleventh of the following month. This change aims to provide an additional 24 hours, necessary for the system to process invoices, from the last date allowed for their issuance, which for specific cases, is the 10th of the month following the month in which the service was performed.
With the implementation of the fiscalization process, it has been found that the current deadline of three days for fiscalization of invoices in cases of imports is often insufficient. After placing the goods in the free circulation regime, the electronic system needs a period of time to process and display the relevant declaration to make it accessible, which often prevents the taxpayer from carrying out fiscalization within the existing deadline.
For this reason, it is also proposed to extend the deadline for fiscalization of the invoice in cases of imports, from up to 3 days after placing the imported goods under the free circulation regime to up to 7 days from the date of placing the goods under this regime.
This change aims to adapt the legal deadline for fiscalization of import invoices to the practical functioning of electronic systems, facilitating the fulfillment of tax obligations by taxpayers.
These changes aim to strengthen fiscal transparency, ensure the consistency of legal terminology in the tax field, facilitate the fulfillment of legal obligations by taxpayers, and contribute to the creation of a more sustainable environment for revenue administration.
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