Language of electronic invoices

Language of electronic invoices    

 

Question :

Hello, I am a manager of a VAT registered company offering internet services on the Bulgarian market. So far, I have issued electronic invoices with VAT in Bulgarian. I start focusing my business on the foreign market (inside and outside the EU). My question is how do invoices I make for customers in EU countries, the US, China, etc. What language do they include, include VAT, etc. - Thank you in advance for the answer.

 

Answer :

 

Hello,

Invoices continue to be issued in Bulgarian and applied in the accounting documents. You will issue your foreign partners in parallel with the invoice and invitations (usually in English, but maybe in another language) in which you convert the BGN equivalent from the Bulgarian invoice into a currency (euro, dollars, etc.) under the BNB the day. You only send invitations to customers. You will not charge VAT for the services you deliver. As a ground for non-charging VAT in the Invoice, you must enter "VAT is required from the receiver-art. 196 of the Directive 2006/112 EO". In the Bulgarian invoice, you must enroll in the ground for non-charging VAT "on the basis of Article 86, Paragraph 3 of the VATA" because the place of delivery is outside the territory of the country. For these deliveries, you must submit a VIES statement describing them. If your counterparties are not VAT registered in their countries, they are required to register within 3 days before they receive a service invoice from you. The VAT number (VAT number) must appear on the Bulgarian invoice and invoice. To make sure their numbers are correct, check them on the NRA's site (there is a checklist). If it's a fake number or incorrectly typed, the system will not accept your VIES statement.

In general, this is your question.

Wishing for a successful business!