It should not be forgotten that the issue date is part of the content of the invoices.
To understand the path that customers take, it is very important to track the dates on which each action occurs.
The invoice issue date is a detail that is more important than it seems. Understanding what the invoice issue date is and what it means is, in fact, a requirement for keeping your accounts and taxes in order.
In reality, it is not just about complying with an invoicing obligation or, by extension, VAT. Everything in accounting and taxes must be balanced at the right time . Otherwise, you burundi email list could move your income, expenses and tax debts to the time you want and reality is not like that.
Although the term " issue date" has become popular in colloquial speech, this is not the case with regulations. In general, tax laws and regulations refer to what is usually called "issuance" as "issuance" .
In this sense, we can understand that the issue date is the date of its creation . It usually coincides with the moment of delivery or remittance of the invoice to its recipient.
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What does the issue date of an invoice mean?
Although it may have several repercussions , the main ones are the following:
Setting an issue date may have consequences for the evidentiary value of the document . This date must, however, be placed in relation to other means of evidence.
From a tax perspective , it can determine when taxes are paid, when formal obligations must be met and what rules apply. It should be noted that the time when taxes are due usually coincides with the date of issue of invoices.
From an accounting perspective, it will impact the periods in which the events are recorded.
The issue date is one of the mandatory content elements in both full and simplified invoices.
When should an invoice be issued?
The regulation gives you the four most common cases that mark the date of issue of an invoice:
At the time of the operation .
If the recipient is another business or professional acting as such, then the deadline is extended until the 16th of the month following the month in which the VAT is due . Remember that VAT is usually due when the goods are made available to the purchaser or the service is provided.
In certain intra-Community deliveries , the deadline is the 16th of the month following the start of the shipment or transport to the purchaser.
For those subject to the VAT cash regime , the general rule is also to invoice at the time of carrying out the transaction . However, when the recipient is a business or professional, you have until the 16th of the month following the transaction. In this case, it does not matter whether the VAT has been accrued before or after.
Examples according to the type of invoice
There are many types of invoices, but the following examples can illustrate the dynamics of the issue date:
When your client is an individual , it is normal that you issue and deliver the invoice at the same time as the transaction is carried out.
However, there may be services that are of a continuous or repetitive nature. So, even if your client is an individual, you may be interested in unifying the documentation of the operations in a single summary invoice . The billing regulations allow you to do this once a month. In this case, there are two situations: