Conquering Electronic Tax Invoices: A to Z for Beginners

Electronic tax invoices are required for all corporate businesses and individual businesses above a certain size. While it may seem complicated and difficult, the process is actually quite simple. This guide provides all the necessary information, from issuing to modifying and canceling electronic tax invoices.

Why should I issue electronic tax invoices?

• Simplified tax reporting: You can easily manage them on Hometax without having to manually manage paper tax invoices.
• Minimized tax calculation errors: Reduces the possibility of errors through automatic calculation functions.
• Environmental protection: Contributes to environmental protection by reducing paper usage.

Who is required to issue electronic tax invoices?

• Corporate businesses: All corporate businesses are required to issue electronic tax invoices.
• Individual businesses: Individual businesses whose supply amount in the previous year exceeds a certain amount are subject to mandatory issuance. (However, since the amount criteria may change annually, please refer to the National Tax Service website.)

How to issue an electronic tax invoice

🔗 Electronic Tax Invoice Issuance Guide

1. Access the National Tax Service Hometax: Log in with a public certificate.
2. Select the electronic tax invoice menu: Go to the 'Individual Electronic Tax Invoice Issuance' menu.
3. Enter the supplier and recipient information: Enter the necessary information such as business registration number, business name, and name.
4. Enter items and amounts: Enter the supplied items, specifications, quantity, unit price, and supply amount accurately.
5. Issue: Check the entered information and click the 'Issue' button.

How to modify an electronic tax invoice

• Select the reason for modification: Select the reason for modification, such as errors in entries or changes in the supply amount.
• Enter the modified content: Accurately enter the content to be modified and click the 'Issue' button.

How to cancel an electronic tax invoice

• Select the reason for cancellation: Select the reason for cancellation, such as contract termination or return.
• Cancellation processing: Enter the necessary information according to the selected reason and click the 'Issue' button.

Electronic Tax Invoice FAQs

• What is the difference between an electronic tax invoice and an electronic invoice?
  • An electronic tax invoice is a document issued for transactions subject to value-added tax, while an electronic invoice is issued for transactions not subject to value-added tax.
• What should I be careful about when issuing an electronic tax invoice?
  • The information of the supplier and recipient must be entered accurately.
  • Items and amounts must be entered accurately.
  • The issuance date must be on or before the last day of the month in which the goods or services were supplied.
• What should I do if I issued an electronic tax invoice incorrectly?
  • A corrected tax invoice must be issued.