It Is Always Advisable To Insert The Variation Notes

Sectional (section of the invoice register) different. From that of the normal invoices issue to avoid possible errors. The progression of the invoicing and to keep the documentation more orderly.

The strange case of self-billing

Now I have to make you a revelation that I hope will not upset you. So far I have talked about billing addressing only the invoices issued by a company. But in reality the invoicing also concerns the invoices received by the company and issued by its suppliers.

I did it with the express intention of not complicating things, at least up to this point.

The part of invoicing that concerns the invoices issue (those relating to sales made by the company). Is call active invoicing while the part relating to the invoices receive. (Those relating to the company’s purchases) is call passive invoicing .

Why am I talking about it right now and what the hell does self-billing have to do with it?

Well, normally the only obligations for Bolivia Phone Numbers companies related to passive invoicing (purchases) are limited to the progressive numbering of the invoices received, their registration in a special tax book and their conservation.

There are, however, some exceptions to this general principle. Which oblige the buying company to report VAT, either because there is no original document or because the amount of the tax is not present in this document (as it is not collect due to some particular norm).

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These cases are strictly required by law and are:

  • purchases from small agricultural producers, not required to issue an invoice
  • remuneration to intermediaries for the sale of travel tickets
  • non-EU purchases
  • when we find ourselves in situations of self-consumption, that is when the company uses for its own purposes the products that it normally sells (attention: if these products are shipped, a relative DDT must also be made)
  • gift of goods produced by the company or, if not produced by the latter, of an amount less than € 50.00
  • when the supplier fails to issue the relevant invoice. In this case it is called “Self-invoice denunciation” and is used to “download” costs and VAT
  • in the event of a reverse charge (reverse charge, in Italian). This procedure takes place in specific cases (purchases of particular products, or from other EU countries) in which the supplier does not apply VAT which, however, must be integrated (and possibly paid) by the purchasing company.

If the company were to make a purchase that falls into one of the cases above, it is obliged to report the VAT, integrating the document received from the supplier (receipt, foreign invoice, etc.) and issuing a self-invoice.

It is good practice to attach any original document issued by the supplier to the self-invoice.

The self-invoice must be filled in like a normal invoice, except that the company issuing it must enter its personal details both in the seller’s section and in the buyer’s section.

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