The word invoice has several meanings, within the accounting area it refers to the tax receipt that is made after the provision of a service or delivery of a product in which both the buyer and the seller are affected. By means of this receipt, the recipient may access the right to deduct VAT, value added tax.
The following types of invoice currently exist in Argentina:
Invoices A, M or invoice A with legend:
Invoices A, M and A with legend always contain the discriminated VAT since those who receive them can take said tax as a tax credit. Following resolution RG 1575, two new invoices were created. This meant that only the invoice A is no longer used by those registered, but instead, according to the reliability that the AFIP has, two new invoices arise, A with legend and M. For said organism, those responsible who have a Equity greater than $ 102,300 or $ 50,000 in registrable assets, will receive the necessary authorization to use invoice A. If this requirement is not met, the person responsible may have access to the other two invoices. In the case of the A with legend, the taxpayer must necessarily have a bank account under his name and present a CBU to the AFIP.
Bills: are those used by responsible taxpayers registered in VAT that bill monotributistas, exempt and final consumers. In invoices B the VAT is not discriminated, instead, the gross price must be issued. In the case of recipients, they cannot use said VAT as a tax credit.
C invoices: can only be issued by monotributistas and exempted. As there are no final credits and debits under the single tax regime, these invoices do not include VAT.
Invoices E: used to support exports, both of services and products, these invoices can be issued by any kind of taxpayer.