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Is a penalty applied for the delay of the electronic invoice?
Is a penalty applied for the delay of the electronic invoice?
I provide consultancy services. During the last service, I forgot to issue the electronic invoice. I would like to know if a financial penalty will be applied for this?
The Ministry of Economy has stated that the rules for the preparation and application of electronic invoices are regulated by the "Rules on the Form, Application, Accounting, and Use of Electronic Invoices," approved by the Cabinet of Ministers of the Republic of Azerbaijan with Decision No. 26 dated February 2, 2021.
It was emphasized that according to Article 71-1.1 of the Tax Code, in cases specified by this Code, a person registered with the tax authority who supplies goods, performs work, or provides services must submit an electronic invoice. The electronic invoice is filled out based on documents that contain information about the delivery of goods (works, services) to the buyer (contracts, delivery acts, power of attorney for the purchase of goods, etc.), and this information is reflected in the "Main" requisites of the electronic invoice.
According to Article 71-1 of the Tax Code, the electronic invoice must be submitted within 5 days from the date the work is completed and services are provided.
It was also mentioned that according to Article 58.13 of the Tax Code, if an electronic invoice should have been presented but goods are presented without it, the person presenting the goods will face a financial penalty. If this happens for the first time within a calendar year, the penalty will be 10% of the sales price of the goods, 20% for the second occurrence, and 40% for three or more occurrences.
I provide consultancy services. During the last service, I forgot to issue the electronic invoice. I would like to know if a financial penalty will be applied for this?
The Ministry of Economy has stated that the rules for the preparation and application of electronic invoices are regulated by the "Rules on the Form, Application, Accounting, and Use of Electronic Invoices," approved by the Cabinet of Ministers of the Republic of Azerbaijan with Decision No. 26 dated February 2, 2021.
It was emphasized that according to Article 71-1.1 of the Tax Code, in cases specified by this Code, a person registered with the tax authority who supplies goods, performs work, or provides services must submit an electronic invoice. The electronic invoice is filled out based on documents that contain information about the delivery of goods (works, services) to the buyer (contracts, delivery acts, power of attorney for the purchase of goods, etc.), and this information is reflected in the "Main" requisites of the electronic invoice.
According to Article 71-1 of the Tax Code, the electronic invoice must be submitted within 5 days from the date the work is completed and services are provided.
It was also mentioned that according to Article 58.13 of the Tax Code, if an electronic invoice should have been presented but goods are presented without it, the person presenting the goods will face a financial penalty. If this happens for the first time within a calendar year, the penalty will be 10% of the sales price of the goods, 20% for the second occurrence, and 40% for three or more occurrences.