VP CONSULTING PAYROLL SERVICES

Issuance of credit and debit notices

CREDIT NOTE

  1. PURPOSE

THE CREDIT NOTICE is an accounting document, with which reduces the tax base of a delivery or resets the tax base when a delivery is cancelled, for which an Invoice has already been issued.

The reduction of the tax base can be attributed to:

  • reduction in value due to additional discount provided / lower quality / exceeding a certain volume of sales with a distributor;
  • quantity reduction due to returned damaged items
  • check by an authorized body and it turned out, that the quantity is less than invoiced
  • cancellation of delivery, etc.
  1. REQUISITES
  • The Credit Notice has all mandatory and optional details, such as those of the Invoice.
  • The Credit Notice must also contain:
  • number and date of the Invoice, to which the notice was issued;
  • the basis for its issuance (the reason for the reduction of the tax base or for the cancellation of the delivery).
  • The unit price of the credited service / goods, we record it with „-“ . The total amount of the credit note is a negative value.

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DEBIT NOTIFICATION

  1. PURPOSE

THE DEBIT NOTICE is an accounting document, with which increases the tax base of the supply, for which an invoice has already been issued.

The increase in the tax base can be attributed to:

  • incorrectly calculated tax base at initial invoicing;
  • when a larger quantity is delivered than originally invoiced, etc.
  1. REQUISITES
  • The Debit Notice has all the mandatory and optional details as those of the Invoice.
  • The Debit Notice must also contain:
    • number and date of the Invoice, to which the notice was issued
    • the basis for its issuance (the basis for the increase in the tax base)
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