Tax Administration It has completed a significant development on the e-invoicing platform, streamlining the process of mirroring electronically rejected invoices from buyers in the purchase ledger.
This improvement, which takes effect with the declaration of period books. November 2024, It aims to ease taxpayers' burden and increase accuracy in tax filings.
What's different?
Automatic display of rejected invoices
E-invoices rejected by the buyer will automatically appear in the purchase ledger, without the need for manual corrections in Excel.
Notice in Self-Care
The seller will be automatically notified of any rejected invoice, facilitating control and the ability to issue corrective or void invoices within the relevant period.
Key rules for taxpayers
Cancellation of the invoice within the period (by the 10th of the following month)
The rejected invoice and the canceled invoice are recorded in the respective sales and purchase books, without affecting any party's VAT return.
If the selling entity cancels the e-invoice, which has been rejected by the purchasing entity within the period (the 10th of the following month), in which the electronic invoice was issued, both invoices will appear in the sales book for the seller and in the purchase book for the buyer, without affecting the amounts or the VAT return for either taxpayer.
Rejected invoice, not canceled within the period.
The system automatically creates a reversible entry with a negative value in the buyer's purchase ledger, ensuring that the VAT return is accurate.
For electronic invoices rejected by buyers, for which the seller has not canceled them within the period in which the electronic invoice was issued (by the 10th of the following month), in the buyer entity's purchase book, an automatic cancellation entry will be generated at the moment the books are closed by the system, with the same data as the rejected invoice but with a negative value. This automatic system action will correctly reflect the VAT reporting value for the buyer for the rejected invoices.
Cancellation after the period (after the 10th of the following month)
In the buyer's purchase book, the system generates a positive record to accurately reflect the transaction and its VAT impact.
In the event that the selling entity cancels a rejected electronic invoice after the period in which the invoice was issued (after the 10th of the following month), then in the buyer's purchase book, in addition to displaying this new invoice, automatically at the moment the books are closed by the system, a positive entry with the same details as this invoice issued by the seller will be created. This automatic system action will correctly reflect the VAT declaration value for the buyer.
Take care of the taxpayers
Accurate and timely reporting of transactions, including corrections and cancellations, is essential. The Tax Administration will pay special attention to this process, treating it as a high-risk area for further analysis and monitoring.
This development is an important step toward modernizing and simplifying tax processes, saving taxpayers time and effort. Businesses and professionals can expect a faster, more efficient process for managing tax documentation.
For any questions or uncertainties, be sure to stay informed through notifications from the tax administration and official portals.
Source: General Directorate of Taxes.