Ticket BAI: invoice control arrives in the Basque Country (webinar)
Posted: Tue Dec 17, 2024 8:32 am
Ticket BAI is already up and running. Since October 2020, the voluntary implementation period of a project that affects companies that declare Corporate Tax or Personal Income Tax to the Provincial Council of Bizkaia has begun.
As a result of COVID-19, the Basque Government decided to norway phone number data postpone the entry into force of Ticket BAI until the last quarter of 2020.
Register for the free webinar on October 27 to learn from our legal experts how to adapt your billing system to avoid penalties.
The voluntary implementation period for Ticket BAI is now a reality. The Basque Country's Tax Authorities are already beginning to implement it, progressively, since October. The new system is intended to remotely control any changes that companies may make to their invoices.
It is common, especially in small businesses, to receive cash payments due to the low price of their products. These payments are subject to one or more taxes that are controlled through the receipt document, the invoice . By simply not issuing such an invoice in these cases, it is relatively easy to avoid paying a significant amount of taxes.
Something that the treasuries of many countries have been trying to avoid at all costs for years.
We talked about how the fight against tax fraud is a priority for all tax administrations. The Basque Government is a pioneer at national level in implementing a Ticket BAI type system . Of course, this is also intended to combat the underground economy existing in the territory (around 17% of the regional GDP) and consequently increase the financing of the Public Administration.
As a result of COVID-19, the Basque Government decided to norway phone number data postpone the entry into force of Ticket BAI until the last quarter of 2020.
Register for the free webinar on October 27 to learn from our legal experts how to adapt your billing system to avoid penalties.
The voluntary implementation period for Ticket BAI is now a reality. The Basque Country's Tax Authorities are already beginning to implement it, progressively, since October. The new system is intended to remotely control any changes that companies may make to their invoices.
It is common, especially in small businesses, to receive cash payments due to the low price of their products. These payments are subject to one or more taxes that are controlled through the receipt document, the invoice . By simply not issuing such an invoice in these cases, it is relatively easy to avoid paying a significant amount of taxes.
Something that the treasuries of many countries have been trying to avoid at all costs for years.
We talked about how the fight against tax fraud is a priority for all tax administrations. The Basque Government is a pioneer at national level in implementing a Ticket BAI type system . Of course, this is also intended to combat the underground economy existing in the territory (around 17% of the regional GDP) and consequently increase the financing of the Public Administration.