The draft emergency ordinance extends the grace period from 31 March to 31 May. The sanctions for which the grace period applies are for not complying with the 5-working-days invoice reporting requirement of a taxable event/initial issuance of an invoice.
The draft legislation also clarifies the context in which the penalties will be levied. Previously, it was unclear if non-compliance sanctions would be applicable per invoice. Now, it is stated that for one or more invoices in each calen…