(Tax News Reporter - Week ended 15 August 1996)
Following Presidential Decree 685, as of 1 January 1997, invoices issued by "VAT payers" for transactions for the sale of goods (provision of services) should conform to a prescribed format. Invoices should be issued in duplicate not later than 10 days after dispatch of goods (provision of services) or receipt of an advance payment, whichever is earlier. Invoices should be signed by both parties and are considered to be the only adequate back-up for claiming an input VAT offset. VAT payers should also keep sales and purchase books.
Government Regulation of 29 July 1996 No. 914
For further information contact Bauke van der Meer on tel: +7 503 232 5511 fax: +7 503 232 5522 or e-mail directly: Click Contact Link or enter a text search 'Coopers & Lybrand' and 'Business Monitor'
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
Following Presidential Decree 685, as of 1 January 1997, invoices issued by "VAT payers" for transactions for the sale of goods (provision of services) should conform to a prescribed format. Invoices should be issued in duplicate not later than 10 days after dispatch of goods (provision of services) or receipt of an advance payment, whichever is earlier. Invoices should be signed by both parties and are considered to be the only adequate back-up for claiming an input VAT offset. VAT payers should also keep sales and purchase books.
Government Regulation of 29 July 1996 No. 914
For further information contact Bauke van der Meer on tel: +7 503 232 5511 fax: +7 503 232 5522 or e-mail directly: Click Contact Link or enter a text search 'Coopers & Lybrand' and 'Business Monitor'
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
