Changes have been made to invoicing regulations with effect as of 1 January 2022. The changes have been introduced by the Act of 29 October 2021 to amend the Goods and Services Act and certain other acts. See below for an outline of the most important of these changes:
- The time to issue an invoice will be extended from 30 days to 60 days before:
- the supply of goods or services, or
- the receipt of the full or partial payment.
- Correcting invoices will no longer have to bear the label “CORRECTING INVOICE” or “CORRECTION” or to state reasons for the adjustment.
- Prepayment invoices will not have to state the net unit price.
- An invoice that is re-issued (issued again) will not have to state the word “DUPLICATE”.
- A correcting invoice can be issued summarily for all supplies to the same customer within a given period or for individual items on the underlying invoice.
If these issues pertain to your business and you are interested in our assistance, please contact us.
This blog post is provided for general information purposes to keep you up-to-date with changes in tax law, tax rulings by authorities, case law of courts and interesting commentaries. Doradztwo Podatkowe WTS&SAJA shall not be held legally liable for any acts or omissions resulting from reliance on such information.