Meaning
Paperless billing instrument issued through the national electronic tax service platform replaces traditional physical tax vouchers. The fully digitalized electronic invoice contains a unique identification number and does not require a physical tax seal to be valid. It integrates directly with the accounting systems of both the issuer and the recipient.
The system stops applying to transactions that are specifically exempted from the value added tax regime or involve non-taxable government fees.
Format Standard
Information is structured in a standardized data format that allows for automated processing and verification. Unlike previous electronic versions, the fully digitalized electronic invoice is generated and delivered entirely through the cloud. This eliminates the need for specialized tax hardware like the gold tax disk.
Quota Management
Taxpayers are assigned a maximum invoicing amount based on their credit rating and historical transaction volume. The tax bureau monitors these limits in real time through the platform. If a company reaches its limit, it must apply for an increase by providing proof of additional business contracts.
This control mechanism prevents the sudden issuance of fraudulent invoices by high-risk entities.
Authentication Protocol
Verification occurs instantly when the recipient receives the file in their tax portal. The fully digitalized electronic invoice system checks for duplicates and ensures that the issuer has the legal right to bill for the specified goods. This reduces the time spent on manual invoice checking.
