The new structure of the Annex to the Data Structure of the Legal Framework for Electronic Submission of Contributors' Accounting Elements approved by Executive Decree No. 317/20 of 14 December ("ED 317/20") was published, which was based on the need to adjust the data in the Annex necessary for the validation of invoices issued through systems.
ED 317/20 entered into force on 14 December.
Press release on Invoices and Equivalent Documents for the Economic Year 2021
The General Tax Administration ("AGT") published a press release on 28 December, informing taxpayers of the ban on the use of invoices or equivalent documents with reference to the 2020 financial year during the 2021 financial year.
The AGT also states that as from 1 January 2021, the sequential and chronological numbering by type of document must refer to the economic year to which it relates.
Finally, it is noted that the penalty for non-compliance with the provisions of this notice corresponds to fines and other penalties provided for in the Legal Regime of Invoices and Equivalent Documents, as well as the non-acceptance of the cost for tax purposes under Industrial Tax ("II") or Employment Income Tax ("IRT"), when applicable, and the non-acceptance of the deduction under Value Added Tax ("VAT").
Press release on the obligation to update the taxpayers register for VAT purposes
The AGT published a new press release on 4 January 2021 in which it instructs taxpayers (natural and legal persons) carrying out economic transactions subject to VAT (under Article 3 of the VAT Code) to update their register for purposes of being duly registered under one of the VAT regimes.
For the purposes of this registration update, VAT taxpayers must submit a declaration of commencement of activity through the Taxpayer Portal or, alternatively, resort to a nearby Tax Office.
Press release concerning the publication of the list of taxpayers covered by the standard VAT regime
On 5 January 2021, the AGT published a press release which aims to unveil the list of taxpayers that are officially included in the standard VAT regime.
According to this press release, the taxpayers on this list must, from 11 January 2021, comply with all the obligations inherent to the standard VAT regime, such as:
(i) to assess VAT on their invoices for the transfer of goods and services;
(ii) to comply with the VAT reporting and payment obligations, as well as with the Legal Regime for Electronic Submission of Accounting Elements of Taxpayers;
(iii) to have certified invoicing software and comply with all the requirements foreseen in Article 62 of the VAT Code.
This press release also informs that taxpayers whose annual turnover exceeds Kz 350,000,000, who do not appear on the published list, must submit a declaration of commencement of activity for their inclusion in the general regime, through the taxpayer portal, or alternatively, go to the nearest Tax Office.
António Vicente Marques – Sociedade de Advogados, RL.