![]() ![]() It is a crucial link or pivot between physical and financial supply chains and accordingly has been described as the "queen" of commercial documents. It may contain a range of other administrative or logistical information and usually states applicable taxes payable. Invoices must be accurate and authentic as they are printed and possibly stamped according to some jurisdictions, carried as legally valid original paper documents, often endorsed by a state consulate, and stored for a number of years according to local and international laws.Īn invoice consists of an itemized account of goods shipped, services performed or work done, an amount expended or owed, and a demand for payment. ![]() The most significant of these are tax requirements especially in relation to Value Added Tax (VAT) and other similar charges and duties. ![]() The invoice document has developed through custom and practice but it usually has several legal requirements imposed on it. They are a central document in trade transactions from the clearance point of view, as they must be presented to Customs and are used for various calculations and checks. Invoices are traditionally commercial documents used by buyers and sellers of goods and services. ![]()
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