The new law includes rules about the issuance, sending, receiving, processing, and storage as well as the contents and elements of e-invoices.
Start of application of the Law for public sector entities is as follows:
- Obligation for issuing electronic invoices to other public sector entities – 1 January 2022;
- Obligation of receipt and storage of electronic invoices issued according to the Law – 1 January 2022;
- Obligation of electronic recording of VAT calculation in the electronic invoices system – 1 January 2022;
- Obligation for issuing electronic invoices to private sector entities – 1 July 2022.
Start of application of the Law for private sector entities is as follows:
- Obligation for issuing electronic invoices to public sector entities – 1 January 2022;
- Obligation of receipt and storage of electronic invoices issued according to the Law – 1 July 2022;
- Obligation for issuing electronic invoices to private sector entities and performance of other obligations in accordance with the Law – 1 January 2023.
Source: KPMG
