New electronic invoicing law – Implementation gradually starting Jan 1, 2022

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

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