VATupdate

Share this post on

Mandatory Fiscal Device Upgrade Required for Transmission of Buyer Details

  • The tax authority requires all VAT-registered operators to upgrade fiscal devices by May 31, 2025, ensuring buyer details like name, address, TIN, and VAT registration number are transmitted to the Fiscalization Data Management System (FDMS).

  • Businesses must coordinate with approved suppliers to upgrade devices lacking this capability and verify transaction accuracy via the FDMS validation portal, which authenticates documents using QR codes.

  • Only fiscalized tax invoices complying with legal requirements will allow input tax claims, with non-compliant documents subject to audits for accuracy and validation under VAT regulations.

  • Operators are urged to complete upgrades promptly and routinely check transaction compliance on the FDMS portal to avoid disruptions and maintain full adherence to tax regulations.

Source: www.fiscal-requirements.com

Sponsors:

VATIT Compliance

Advertisements:

  • Pincvision
  • VATAi