1 January 2014 numerous amendments to the VAT Act on a large part of the rules for the issuing of VAT invoices by taxable persons come into force. Of the many new developments, the most important ones seem to be those relating to the time limits for issuing VAT invoices. Basic date of issue of the VAT invoice from January 2014 will be 15.
the day of the month following the month in which the goods were delivered or the service was provided. This also applies to imprest invoices that can be issued to 15 the day after the month in which all or part of the payment was received.
Exceptions to this basic principle of the deadline for issuing a VAT invoice will include construction services and supplies of printed books and journals.
The scope of the application of collective invoices is extended – from the new year onwards it can be used not only for so-called "continuous services". Collective invoices may be issued for transactions of a given calendar month even if the sale is not continuous.
As a result of the clarification of the definition of an invoice and an electronic invoice, doubts about the possibility of using paper form and an electronic invoice were clarified. From 1 January 2014 both paper and electronic documents will be considered an invoice, provided that it meets the basic criterion, i.e. it contains all the data required by the VAT Act for the invoice.
From 1 January 2014 the requirement to document the sale of VAT-exempt services will be removed, in which case the seller will issue an invoice only at the buyer's request.
All these problems will be discussed during the vat invoice training.