Council Directive 2001/115/ec Amending Directive 77/388/eec To Simplify, Modernize And Harmonize The Conditions Laid Down For Invoicing In Respect Of Value Added Tax (1): Taxable Person And Invoicing Modalities

Council Directive 2001/115/EC dated 20th December 2001, amends Directive 77/388/EEC with a view to simplify, modernize and harmonize the conditions laid down for invoicing in respect of value added tax. Such Directive deals with different aspects to which it is appropriate to make a through review, among which the obligations to be followed by taxable person and the modalities of invoicing management.

The following questions have been addressed in this article:

Which are the obligations of the tax debtors?
May Member States impose on taxable persons an obligation to issue an invoice in respect of goods or services other than those referred to in the preceding questions?
Which details are required for VAT purposes?
Which are the modalities in order to send invoices?
Is any taxable person required to store invoices?

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