What happens if a business is exempt from e-Invoicing?
Table of Contents
A business that qualifies for an e-Invoicing exemption should follow the applicable exemption conditions and continue meeting its other tax and accounting obligations. It should retain appropriate supporting documents and records and monitor any changes in its revenue, structure, or circumstances that may affect eligibility.
An exemption should not be treated as permission to stop issuing all invoices or maintaining records. The business should also check whether special rules apply to a particular transaction.
Key points
- Confirm that the exemption applies to the business’s circumstances.
- Continue to meet other tax and accounting obligations.
- Retain invoices, receipts, and supporting records as required.
- Monitor changes that could affect eligibility.
- Check for special transaction rules and exceptions.
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