What is the deadline for issuing an invoice?

Invoice deadline is the time period within which an invoice must be issued after the tax event has occurred.

Compliance with the invoice deadline is crucial for both businesses and tax authorities.

Most often, businesses issue invoices in advance, before payment has been made. In cases where payment has been made but no invoice has been issued. Then the invoice must be issued no later than 5 days after the tax event occurs.

Issuing an invoice after the deadline may lead to unintended consequences. However, in such a case, the best practice is to issue the invoice as soon as the error is identified to reduce the risk of fines and penalties.