Damascus-SANA
Today, the General Authority for Taxes and Fees issued a decision obligating those who are taxpayers on income from the category of real profits, owners of industrial professions, to use the mechanism of electronic linking of the issued invoices to determine the total revenues of their businesses and their net profits subject to this tax.
According to the decision, a copy of which was obtained by SANA: “Owners of industrial establishments in the senior and middle income departments who are assigned to the Damascus Finance Directorate and Aleppo Finance Directorate, and those who are assigned to owners of industrial establishments in the industrial city in the Sheikh Najjar area and Hisya district to the Homs Finance Directorate are obligated to electronically link the issued invoices with the tax administration.” .
The taxpayers mentioned in the decision are required to use one of the accounting programs approved by the tax administration to keep accounting records and issue invoices electronically from a specified period until the 31st of next August, including the testing and auditing phase. The deadline granted to taxpayers owners of industrial establishments in the industrial zone in Adra is also extended until the same date.
Taxpayers are also required to adopt a QR code on each invoice issued by them.
In February last year, the Ministry of Finance announced the completion of an electronic mechanism to verify the issuance of invoices, which is an important step to achieve tax justice and digital transformation in the work of the tax administration and guarantees the rights of customers, sellers and service providers by documenting sales and purchases, avoiding manipulation of accounts and ensuring that each party obtains The business process is owed to him, including the state’s public treasury.
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