Tuesday, 11 November 2014

Will your company be obliged to use electronic invoices from January?

 
Not long now for the entry into force of the obligation to issue electronic invoices for certain companies, following the publication of the "Law on promotion of electronic billing." With the entry into force of Law 25/2013, from next January 15, 2015, the companies that supply goods or services to the public authorities are obliged to submit their invoices electronically. 
 
 But 54% of the public entities suppliers have not started this technological change and 22% did not know even they are obliged to use the electronic system to invoice the government. It's not even know how to comply with the law, something that does not help the different variants in the ways of invoicing in each region, local authorities or central government.
 
   What is electronic invoicing? The electronic invoice is a document with tax value generated by computer in electronic form, which replaces the paper bill retaining the same legal value and can be transmitted from the sender to the recipient electronically. 
 
 The use of electronic invoicing saves money both the issuer, which may be around  2 per invoice, and the recipient, that can save you around $ 0.75.

Among the many advantages of electronic invoicing are:
  • Cost savings in management and paper.
   Improved efficiency of administrative procedures
   Automate the administration, and facilitates automation of accounting receptor.
   sending invoices can be done quickly avoiding delays in the receipt of invoices.

For electronic billing is necessary to obtain the customer acceptance, must be informed in writing by the shipper, that from the date of acceptance, it shall receive  electronic invoices.

If you have a company that provides goods or services to public entities such as municipalities or councils do not forget that from January 15th your company will have to bill for these services through electronic invoicing and for this you must use a billing software approved by the tax authorities.
 
For more details do not hesitate in contact VP Advisers.

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