On January 1st, 2020, a substantial change to the Good and Services Tax Act came into force. Currently an invoice to a receipt may be issued only if on the receipt is placed Tax Identification Number of the purchaser. Until…
Split payment was introduced on July 1st, 2018. Currently it is fully for volunteers. From November 1st, 2019, the majority of entrepreneurs will still have choice. However, in some cases split payment will be obligatory. Transactions for Which Split Payment…
Following the amendment of the Act on Value Added Tax, new invoicing terms entered into force as of 1 January 2014. In principle, an invoice is issued no later than on the fifteenth day of the month following the month…