Guaranteed electronic invoicing (“e-invoice”) and sending invoice data to the financial administration

Introduction of the e-invoice system

The proposed legislation introduces a uniform process for electronic circulation of invoices and introduces the obligation to send structured data from FRSR invoices via the electronic invoicing information system (“IS EFA”). It is expected that the obligation to issue e-invoices and send data will apply to all business entities, and therefore also to persons not registered for VAT.

Since the introduction of the e-invoice, the Ministry of Finance has promised to increase the transparency of cash flows, and the associated prevention of tax evasion in the collection of VAT as well as income taxes. The aim of the introduction of e-invoices is to reduce the administrative burden of tax subjects through the automatic sending of data from invoices, without the need to send additional administrative reports to the FRSR.