All Those Subjects Who Make A Transfer

Purposes are oblige to issue the invoice (and all other invoicing documents), even when there is no tax collection. Indeed, in the event that there is no tax collection, the rule establishes that it must be explicitly noted in the document because VAT is not, directly citing the relevant law article.

There are some specific exceptions regarding the issue of the invoice but, in order not to create confusion with the exceptions related to electronic invoicing, we will talk more about them in the next paragraphs!

What should be indicate on an invoice

The invoice is a document that certifies all aspects Bolivia Phone Numbers of the transaction, specifying the subjects involved, the description of the goods / services sold, the amount to be paid, the amount of VAT collected on behalf of the State (or the reason for not is applied) and the conditions for payment of the invoice itself.

Bolivia Phone Numbers

The mandatory elements to be included in the invoice (and in any other document belonging to the invoicing) are, therefore:

  1. general information of the seller
    • name and surname / denomination
    • address
    • VAT number
    • fiscal Code
  2. general information of the buyer
    • name and surname / denomination
    • address
    • VAT number (if any)
    • tax code (always, even if the same as the VAT number)
  3. unique and progressive number of the document
  4. progressive date of issue indication of the total amount of VAT broken down by rate
  1. description of the goods or services sold, with specific indication of
    • quantity of goods and / or services sold
    • unit price
    • any discounts applied
    • total amount of sales of each product and / or service (unit cost X quantity sold – discount)
    • VAT rate applied
  2. any ancillary costs
  3. any general discounts
  4. description with VAT law article for any possible exemption (for example because the issuer is in the Flat Rate Scheme, because it concerns sales to another EU country, etc.)
  5. indication of the amount of the total remuneration, of the total VAT and any total of the amounts exempt from VAT to be paid net and gross of VAT
  6. any additional notes
    • payment methods (single solution, monthly installments, etc.)
    • bank on which to make the payment
    • any communications related to the customer (for example the reference to a previous order, or the indication of a partial delivery of goods / services).

The good thing about using a billing software is that you can automate many of the steps above, for example avoiding having to enter the progressive number of the invoice each time or creating a tariff / catalog that allows you to enter unit cost and VAT rate simply by recalling the code of the good / service.

Leave a comment

Your email address will not be published.