Regulatory compliance
Overview
Monite aims to help SMBs create invoices that comply with the local regulatory requirements. As part of this approach, invoices can only be issued by entities from countries for which Monite provides regulatory coverage.
Entities registered in countries other than those listed can create draft invoices, but will not be able to issue them (that is, move invoices to the "issued" status).
Supported countries
Monite Accounts Receivable API supports invoicing for entities from the following countries.
Countries marked with *
are supported with some specifics. Follow the links for the details.
- 🇦🇴 Angola *
- 🇧🇪 Belgium
- 🇧🇼 Botswana
- 🇪🇪 Estonia
- 🇸🇿 Eswatini
- 🇫🇷 France *
- 🇩🇪 Germany
- 🇮🇪 Ireland
- 🇱🇸 Lesotho *
- 🇱🇷 Liberia *
- 🇲🇿 Mozambique *
- 🇳🇦 Namibia
- 🇳🇱 Netherlands *
- 🇿🇦 South Africa
- 🇪🇸 Spain *
- 🇦🇪 United Arab Emirates (UAE)
- 🇬🇧 United Kingdom (UK) *
- 🇿🇼 Zimbabwe *
Additional considerations
Angola
Angola
- According to the law, invoices need to be issued in Portuguese in Angola. Monite does not support invoice localization yet.
- In Angola, taxpayers with a turnover of 250000 USD or more are required to use e-invoicing. Monite does not support e-invoicing yet.
Lesotho
Lesotho
When creating entities or counterparts, if they have a "Tax Identification Number", it should be specified under the tax_id
.
Liberia
Liberia
- The Liberian legislation requires to issue separate invoices for goods and services. As per the legislation requirements, users should not issue an invoice containing both goods and services.
- In Libera the VAT system is not yet implemented. Instead, GST (Goods and Service Tax) is issued. Attention:
- For GST rates we are using
vat_rate
. We do not have an specific field mapped for GST rates. - For company tax numbers, we are using
vat_id
.
- For GST rates we are using
- Caveat: PDF invoices will show “VAT” instead of “GST”. The automatic conversion from "VAT" to "GST" will be handled in future releases.
Mozambique
Mozambique
According to the law, invoices must be issued in Portuguese in Mozambique. Monite does not support invoice localization yet.
Netherlands
Netherlands
Users that have a Dutch Business Register number (KVK) should specify it as their tax_id
in the entity information.
Spain
Spain
- We support mainland Spain (excluding Canary Islands, Ceuta, and Melilla). Taxpayers located in mainland Spain need to set up their VAT ID with
type
of"eu_vat"
. - Some Spanish taxpayers may be required to include an income tax withholding on their invoices for certain transactions. Use the
withholding_tax_rate
field in the invoice payload to specify the percentage of withholding.
The following is not supported:
- VAT rates for the special retail scheme (Recargo de equivalencia).
UK
UK
Monite supports invoicing for the following scenarios:
- B2B (business-to-business) sales - both domestic and cross-border, including sales that fall under the Northern Ireland Protocol (see the notes below).
Norther Ireland Protocol specifics
Sales of goods from Northern Ireland to EU member states fall under the Northern Ireland Protocol, which sets the rules for post-Brexit trade. Among other things, the NI Protocol requires that invoices for such sales display the seller VAT ID with the "XI" prefix instead of "GB".
Learn how to configure VAT IDs for UK entities that operate under the NI Protocol.
Updated 8 days ago