13 April 2016 Belarus introduces obligatory electronic VAT invoicing as of July 2016 Starting from July 1, Belarus will require the electronic invoicing of value added tax (VAT) as introduced by the Law of the Republic of Belarus N 343-3 dated December 30, 2015. As of this date, it will be insufficient to simply collect supporting documents in order to claim VAT deductions. In addition to the supporting documents, all Belarus VAT payers will be required to issue electronic VAT invoices (EVIs) for each VAT transaction (the sale of goods, or the provision of work or services). The new rules for VAT deductions differ substantially from the existing rules as no VAT invoice is required currently and there is no obligation to prove VAT deductions electronically. Document ID: 2016-0672 |
