🧾 VAT Exemptions
The VAT exemption reasons available in InvoiceXpress match exactly the wording required by the Tax Authority. 🧾
📜 Tax Authority wording
To standardize information about VAT exemption reasons, the Tax Authority has established a set of standardized reasons, each associated with a specific code used when reporting invoices to the Tax Authority.
On the invoice, only the wording defined by the Tax Authority is mandatory; the code does not need to be shown. You can check these wordings in the Table of VAT exemption or non-settlement reason codes published by the Tax Authority here (in Portuguese), and in our blog article: https://invoicexpress.com/blog/motivos-isencao-iva (in Portuguese).
⚠️ Note: when issuing a document, only a single VAT exemption reason can be selected.