The notice specifies a deadline of 1 July 2024 for all taxpayers to adopt mandatory electronic invoicing using the Smart Invoice system. This initiative, outlined in the 2024 Budget and still pending approval from the National Assembly, aims to combat fraudulent input invoices and limit VAT reimbursements to registered businesses.
The forthcoming Smart Invoice system will replace the formerly obligatory Electronic Fiscal Devices (EFD), with taxpayers becoming eligible to claim input VAT o…