What is an invoice?
An invoice is the record of a transaction made between you and your customer, containing details of the transaction and the VAT breakdowns.
FareHarbor EU Government Invoicing
Some European government agencies require businesses to report the amount of Value Added Tax (VAT) collected from their customers for goods or services rendered. Information on payments made through FareHarbor is sent from you to the government tax authority through a third-party vendor.
FareHarbor supports government invoicing for companies located in Italy or Portugal, and it is expected that more countries will be added in the future.
Each country has its own governing tax authority. Read more about Italy’s and Portugal’s invoicing rules and regulations:
You can also read more about the EU VAT invoicing requirements on the EU Taxation website.