New Rules Start Applying for Electronic Recording of VAT Calculation

The implementation of the Law on Amendments to the Law on Electronic Invoicing started on January 1.

The amendments proscribe that the electronic recording of the value added tax calculation in the system of electronic invoices is done for the tax period, in line with the law which regulates the value added tax, within ten days of the expiration of the tax period.

Also, if a change occurs which affects the electronic recording of the value added tax calculation after the expiration of said deadline, the taxpayer that has the obligation of electronic recording of the value added tax calculation is to adjust the electronic recording of the value added tax calculation within the deadline for the filing of the tax return for the tax period in which the change occurred.

These stipulations apply from January 1, 2024, which means that they apply for the tax periods, in line with the law which regulates the value added tax, which begin on January 1, 2024.

Law on Amendments to the Law on Electronic Invoicing

Law on Electronic Invoicing

electronic recording of the value added tax calculation

value added tax

VAT