Post by akabborakabbor on Feb 13, 2024 6:41:22 GMT
After abolishing the idea of forcing businesses to switch to electronic invoices under Decree 119/2018/ND-CP, the state issued Decree 123/2020/ND-CP to encourage businesses to meet the requirements. Conditions for converting electronic invoices. Therefore, businesses need to understand what an electronic invoice is? Electronic invoice is a collection of electronic data about sales, service provision, and management by electronic means. Electronic invoices are forms of invoices such as self-printed invoices, printed invoices, and electronic invoices. 2. Regulations requiring the use of electronic invoices What are the regulations forcing businesses to use electronic invoices ? After the abolition of Clause 2 and Clause 4, Article 35 of Decree 119/2018/ND-CP on October 19, 2020. After that, the government issued Decree 123/2020/ND-CP in 2 transition phases.
State the problem as follows: Phase 1: From October 19, 2020, businesses and organizations use paper invoices, self-print or print invoices, use electronic invoices with or without an authentication code from the tax authority, or Purchased invoices from the tax authority will continue to be used until June 30, 2022. Phase 2: From July 1, 2022, encourage agencies, organizations and individuals that meet information technology Ghana Telemarketing Data infrastructure conditions to apply regulations on electronic invoices and documents of this Decree before July 1, 2022”. 3. What are the conditions for businesses/organizations to issue electronic invoices? Below are the conditions for businesses/organizations to issue electronic invoices: Economic organizations: Qualified and conducting electronic transactions in corporate tax finalization declaration with tax authorities. The enterprise has a qualified staff : The staff has qualifications appropriate to the organization's requirements.
Enterprises have good transmission facilities: For example, location, information transmission lines, information network, and communication equipment meet good transmission requirements. Enterprises have good software for selling goods/services: To connect with accounting software, have procedures for backing up, restoring, and storing data. Enterprises have electronic signatures according to the provisions of law. 4. Principles for converting electronic invoices to paper invoices What are the principles of electronic invoices when converting from electronic invoices to paper invoices? Principles for converting from electronic invoices to paper. Principles for converting from electronic invoices to paper. 4.1 What are the principles for converting electronic invoices? Principles for converting electronic invoices to paper invoices to prove the origin of goods. During circulation and can only be converted once.
State the problem as follows: Phase 1: From October 19, 2020, businesses and organizations use paper invoices, self-print or print invoices, use electronic invoices with or without an authentication code from the tax authority, or Purchased invoices from the tax authority will continue to be used until June 30, 2022. Phase 2: From July 1, 2022, encourage agencies, organizations and individuals that meet information technology Ghana Telemarketing Data infrastructure conditions to apply regulations on electronic invoices and documents of this Decree before July 1, 2022”. 3. What are the conditions for businesses/organizations to issue electronic invoices? Below are the conditions for businesses/organizations to issue electronic invoices: Economic organizations: Qualified and conducting electronic transactions in corporate tax finalization declaration with tax authorities. The enterprise has a qualified staff : The staff has qualifications appropriate to the organization's requirements.
Enterprises have good transmission facilities: For example, location, information transmission lines, information network, and communication equipment meet good transmission requirements. Enterprises have good software for selling goods/services: To connect with accounting software, have procedures for backing up, restoring, and storing data. Enterprises have electronic signatures according to the provisions of law. 4. Principles for converting electronic invoices to paper invoices What are the principles of electronic invoices when converting from electronic invoices to paper invoices? Principles for converting from electronic invoices to paper. Principles for converting from electronic invoices to paper. 4.1 What are the principles for converting electronic invoices? Principles for converting electronic invoices to paper invoices to prove the origin of goods. During circulation and can only be converted once.