7.8 Digital Invoice Requirements and Fiscal Cash Registers
Digital Invoicing in Luxembourgβ
Digital Invoicing (also called e-invoicing) refers to invoices issued, transmitted, and received in electronic format.
Luxembourg Requirements:
- Digital invoices are accepted and often preferred
- Must meet certain format and content requirements
- Must be stored electronically
- Must be accessible for audits
Digital Invoice Formatsβ
Accepted Formats:
- PDF: Most common, must be readable
- XML: Structured format, preferred for automated processing
- UBL: Universal Business Language (XML-based)
- Peppol: Pan-European Public Procurement OnLine network
Requirements:
- Must contain all required information
- Must be readable and accessible
- Must be stored for 10 years
- Must be verifiable
Digital Invoice Contentβ
Required Information:
- Invoice number and date
- Supplier information (name, address, VAT number)
- Customer information
- Description of goods/services
- Quantities and prices
- VAT rates and amounts
- Total amounts
- Payment terms
Luxembourg-Specific:
- Must include VAT numbers
- Must show VAT rates clearly
- Must comply with VAT rules
- Must be in one of three languages (FR, DE, EN)
Fiscal Cash Registersβ
What are Fiscal Cash Registers?
Fiscal cash registers are cash registers that meet specific technical and legal requirements for recording sales transactions.
Purpose:
- Ensure accurate sales recording
- Prevent tax evasion
- Provide audit trail
- Support VAT compliance
Luxembourg Fiscal Cash Register Requirementsβ
Who Must Use Fiscal Cash Registers:
- Restaurants and cafes
- Retail stores
- Businesses with cash sales
- Specific sectors as required
Requirements:
- Must be certified/approved
- Must record all transactions
- Must issue receipts
- Must maintain audit trail
- Must be tamper-proof
- Must integrate with accounting systems
Features:
- Transaction recording
- Receipt printing
- VAT calculation
- Daily/monthly summaries
- Data export capability
- Integration with POS systems
Integration with Accounting Systemsβ
Point-of-Sale (POS) Integration:
- POS systems connect to accounting software
- Sales automatically recorded
- Inventory updated
- VAT calculated
- Reports generated
Example: Restaurant POS Integration
Flow:
- Server enters order in POS
- POS calculates totals and VAT
- Customer pays (cash, card, etc.)
- POS records transaction
- Data exported to accounting system
- Accounting system records:
- Sales revenue
- VAT payable
- Cost of goods sold
- Inventory reduction
- Cash/bank increase
Benefits:
- Automatic recording
- Reduced errors
- Real-time data
- Better control
- Easier reconciliation
Luxembourg Compliance Noteβ
Digital Invoicing:
- Digital invoices are accepted
- Must meet format requirements
- Must be stored for 10 years
- Must be accessible for audits
- Must comply with VAT rules
Fiscal Cash Registers:
- Required for certain businesses
- Must be certified/approved
- Must maintain audit trail
- Must integrate with accounting
- Must support VAT compliance
Best Practicesβ
Digital Invoicing:
- Use standard formats (PDF, XML)
- Include all required information
- Store securely
- Backup regularly
- Test before implementation
Fiscal Cash Registers:
- Use certified systems
- Integrate with accounting
- Regular maintenance
- Staff training
- Regular reconciliation
Think It Throughβ
How do fiscal cash registers and digital invoicing support compliance with Luxembourg VAT requirements? What are the benefits of integrating these systems with accounting software?