1. Overview
\nAn invoice system adopted in the EU will be introduced on or after 1 October 2023. Preservation of \u201ctax-qualified invoices\u201d by registered suppliers will be one of the requirements for tax credits.
\nJCT tax payers will be registered as registered suppliers who are eligible to issue \u201ctax-qualified invoices\u201d by submitting an application form to a tax office.
\nPlease note that after 1 October 2023, essentially only JCT taxpayers can be charged JCT. In other words, JCT exempt enterprises cannot be charged JCT.
\n2. Tax-qualified invoice
\nThe following should be included in tax-qualified invoices.
\nData to be entered in the tax-qualified invoice:
\n(1) Name and identification number of the registered supplier;
\n(2) \u00a0Date of service\/goods provided;
\n(3) \u00a0Description of service \/goods (need to highlight whether a reduced tax rate applies to some services or goods);
\n(4) Consideration for provided service\/goods by tax rate and applicable tax rates;
\n(5) Amount of JCT; and
\n(6) Name of service recipient of the invoice.<\/p>\n
1. Overview<\/p>\n
An invoice system adopted in the EU will be introduced on or after 1 October 2023. Preservation of \u201ctax-qualified invoices\u201d by registered suppliers will be one of the requirements for tax credits.<\/p>\n
JCT tax payers will be registered as registered suppliers who are eligible to issue \u201ctax-qualified invoices\u201d by submitting an application form to a tax office.<\/p>\n
Please note that after 1 October 2023, essentially only JCT taxpayers can be charged JCT. In other words, JCT exempt enterprises cannot be charged JCT.<\/p>\n
2. Tax-qualified invoice<\/p>\n
The following should be included in tax-qualified invoices.<\/p>\n
Data to be entered in the tax-qualified invoice<\/p>\n
1. Name and identification number of the registered supplier<\/p>\n
2. Date of service\/goods provided<\/p>\n
3. Description of service \/goods (need to highlight whether a reduced tax rate applies to some services or goods)<\/p>\n
4. Consideration for provided service\/goods by tax rate and applicable tax rates<\/p>\n
5. Amount of JCT<\/p>\n
6. Name of service recipient of the invoice<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
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