Czasopismo Puls Biznesu

Under VAT law, the way a discount is to be documented depends on when it was granted. When a discount is granted before issuance of the invoice for the supply, it must be taken account of in that invoice. But if a discount is granted after the invoice, then a correcting invoice must be issued to make the adjustment. Early payment discounts are accounted for in a different way. A mere agreement that the purchaser will pay early is not sufficient to recognise the discount already in the original invoice. Such discounts are strictly conditional on the invoices being paid early, therefore they may only be accounted for using correcting invoices.

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