Taxable persons should plan implementation of e-invoices now

The requirement to e-invoice will generally go into effect as of 1 July 2024. Only small and mid-sized VAT exempt companies will not be required to e-invoice until 1 January 2025. Although there are still a few months until then, business owners should not delay preparations. This is because they will have to, among others, change their purchase invoice verification procedures before payment.

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