Earlier the deadline for mandatory implementing the use of e-invoices was 1 November 2020. While the postponement gives some relief, businesses are encouraged to implement e-invoicing before the deadline to mitigate any compliance issues.
However, if firms receive a notification from the tax authorities, they will be required to switch to e-invoices as stipulated in the timeframe issued by the tax department.
If firms do not have the necessary infrastructure in place to implement the use of e-invoicing, they can use the current invoices but must submit information relating to invoices in Form 3 as per Decree 123, along with the submission of VAT returns.
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