- In 2021, newly registered businesses could temporarily continue issuing invoices from the tax receipt book until the full implementation of the fiscalization software was completed.
- This was only allowed if the business had at least applied for an electronic certificate and had a contract with a certified software company.
- Today, a new business must be fiscally registered from the very start of its operations, with no transition period and no possibility of issuing tax receipts as a temporary solution.
In September 2021, the General Directorate of Taxes allowed newly registered businesses to temporarily continue using invoices from the tax receipt book, provided that they had at least applied for an electronic certificate and had contracted with a certified software company, until their fiscalization software was fully implemented.
From our daily work we see that new businesses sometimes think they still have a transition period to become VAT-registered, based on outdated information like this notice, whereas today that period no longer exists.
Read also: Tax compliance elements: what businesses need today, our guide to complete fiscalization equipment.
Why did this transitional period exist?
The transition period existed because implementing the fiscalization software required time, certification, configuration, and integration, and DPT wanted to give new businesses the necessary time without forcing them to suspend operations. This rationale was specific to the 2021 phased rollout of fiscalization and no longer applies today, since the system is now complete and in place.
Every time there is a tax or financial change that affects your business, we notify you directly by email with a practical explanation.
Send me free notificationsWhy does it matter today?
The new business is taxed from day one.
If you open a business today, you can't issue invoices from a tax receipt booklet as a temporary solution. You must have all the fiscalization elements ready from the moment you start your commercial activity: an electronic certificate, software, hardware, internet, and a non-fiscal printer.
How we handle this with our clients
When we assist a client with registering a new business, we ensure that the VAT registration is ready in parallel with the registration at the QKB, so that the business can issue proper invoices from day one.
