- Input VAT deduction is allowed for simplified invoices up to EUR 400 if they contain all required information.
- Payment method does not affect the right to deduct VAT on a simplified invoice.
- Cash receipts with all required elements can be treated as full VAT invoices.
- Simplified invoices can be issued for sales above EUR 400 to non-VAT registered individuals.
- VAT deduction is not allowed from receipt copies if the original is lost.
- Issuers cannot legally issue a copy of a simplified receipt.
- Ensure cash receipts have all necessary data for VAT purposes.
- Maintain proper documentation and archiving of original invoices and receipts.
- Train accounting staff on the application of simplified vs. full invoices for different customer types.
Source: fintua.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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