On February 24, 2023, the Minister of Finance adopted a new Rulebook on Amendments to the VAT Rulebook, which entered into force on March 1, 2023.
What the Rulebook prescribes?
The new Rulebook prescribes an extension of the deadline for issuing an electronic invoice for successive deliveries, i.e. the possibility to issue an electronic invoice no later than 15 days after the end of the calendar month.
Until now, Rulebook prescribes that the VAT payer is obliged to issue an invoice at the end of each calendar month at the latest for the deliveries of goods and services performed in that month, which can create practical problems regarding the new electronic invoicing system, i.e. lead to the inapplicability of the provisions in a large number of cases and tax risk for the electronic invoices recipients.
According to the amended provisions of the Rulebook, the electronic invoice for the sale of goods and services can be issued after the last day of the tax period, that is, after the last day of the calendar month, and no later than 15 days after the expiration of the prescribed period. Therefore, until the legal deadline for submitting the monthly VAT tax return.
One of the novelties is the provision that prescribes the last day of the tax period – the last day of the calendar month, as stated in the electronic invoice as the transaction date.
Therefore, the following rules are:
- You can issue the electronic invoice for successive deliveries after the last day of the calendar month, and you must prescribe it no later than 15 days from the end of the calendar month,
- The transaction date in the electronic invoice should state the last day of the calendar month as information instead of the invoice issuance date as initially prescribed.
Amendments to the Rulebook facilitate a more comprehensive application of the Rulebook’s provisions in practice.
