New Law on Electronic Invoicing
New Law on Electronic Invoicing
- Establishes which entities are obliged to issue electronic invoices,
- Introduces a special obligation to electronically record VAT calculation in the system of electronic invoices,
- Prescribes the way in which the system of electronic invoices should be used,
- Provides instructions on the basic elements of an electronic invoice, how to accept/reject an electronic invoice, and other.
The deadlines for implementation are:
We understand that the new obligation creates a considerable administrative burden for taxpayers.
To reduce that burden, our tax experts together with a team of software developers can support you in going smoothly through the entire transformation process.
How we can help?
Technical consulting
PwC can support you in designing a new accounting system and billing components to ensure compliance with the new einvoicing rules and procedures and support in implementing your own solution.
Compliance requirements
We can help you to develop a better understanding of legal requirements, in mapping tax codes from ERP with TA Portal, determining the VAT treatment of transactions, mapping a VAT invoice with the fields on the Portal and provide support in preparing an internal act.
Tool
PwC can provide you with access to a customised software application “e-Invoicing Tool” that will allow you to fully comply with the online data reporting requirements.
The application can automatically generate the XML file, together with the content and structure prescribed by the Tax Authority, based on invoice data uploaded from your ERP system.
Furthermore, the solution can also be delivered to you as an on-premise solution developed by our in-house developers and tax advisors.
With the right e-invoicing solution you can cut the costs of issuing, sending, storing, accessing, and archiving business information.
Implementing an e-invoicing process entails specialist know-how as it involves getting your organisation, your processes, and your systems fit for the digital handling of invoices.
