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Basic Rules of Issuing Invoices and Receipts 2016 Most requirements pertaining to invoicing are contained in Act CLXVII of 2007 on Value Added Tax (hereinafter: VAT Act) and the decrees issued on
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The act contains regulations and requirements for financial reporting.
All companies and organizations are required to file under that act.
The filing is usually done online through a designated portal.
The purpose of the act is to ensure transparency and accuracy in financial reporting.
Companies need to report financial statements, income, expenses, and other relevant financial data.
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