Tax Procedures Law.. Data that must be included in the electronic invoice

Law No. 206 of 2020, promulgating the Unified Tax Procedures Law, requires every financier, taxpayer, and others required by the law to issue a tax invoice or professional receipt for those who practice a self-employed profession when selling a good or performing a service, as the case may be.

The law stipulates that the invoice or receipt must be an original and a copy. The original must be delivered to the buyer, the copy must be kept with the financier or taxpayer, and the invoice or receipt must be numbered with serial numbers according to the dates of its issuance and free from crossing out, scratching, or cramming.

According to the law, the invoice or receipt must include the following data:

1. Serial number of the invoice or receipt.
2. Release date.
3. The name, address and registration number of the financier or taxpayer.
4. The buyer’s name, address and registration number, if any.
5. A statement of the good sold or the service performed, its value, the value-added tax category or the scheduled tax, and its value, along with a statement of the total value of the invoice or receipt.
6. Any other data specified by the executive regulations of this law.

The executive regulations of this law specify the data that must be included in the aforementioned professional receipt, and the Minister may establish simplified systems for the purposes of assessing the value-added tax and the table tax for establishments that are unable to issue tax invoices for each sale, and the invoice or receipt stipulated in paragraph must be issued. The first part of this article is in the form of an electronic document in the form and in accordance with the controls and provisions specified by the executive regulations of this law. A decision of the Minister may determine a special form for the electronic tax invoice for a specific category or categories of taxpayers or taxpayers. In the event that the invoice or receipt is cancelled, the taxpayer or The person responsible for keeping the original receipt or canceled invoice and all its copies.