Posts by Nathan Doyle2

Henry Edwards33 said:You've got to include the local currency if you want to go that route.
Go take a look at Article 81 of the tax code, then you can decide for yourself what the requirements actually are.

But hey... if she’s invoicing a client in Italy using euros, I guess they should be paying us back in our own currency, right? 😬

Hehe... I included the USD because I actually read through article 81—I even printed it out just in case anyone asks questions later! Honestly, I'm not an accountant; I'm just learning and gathering info from everywhere I can. It feels a little strange when someone more experienced tries to dispute my printed copy of the law—I mean, they should know it too, right? I love hearing different perspectives, especially from people who clearly know more than I do—but hey, consider this proof that experience doesn't always equal having all the answers! :-) Regarding "reverse charge"... I didn't put that on the invoice since he said to include it regardless of whether it's necessary or not. A bit of a vague answer... it either goes on there or it doesn't... hmm... really makes you wonder.

So, here’s my latest little saga regarding exports to Canada. Basically, I put together an invoice using dollars—but kept the euro amount in there too—added the exemption clause, and included all the standard details without the reverse charge. When I finally mentioned the bill to a seasoned accountant—since I’d been spinning my wheels on it for a few days now—he just looked at me like I was crazy. Apparently, he mostly handles clients in Italy or Austria (and occasionally Canada), and he *never* touches anything in dollars... Heeeeeeeelo... who’s actually losing it here? I tried telling him that including dollars is mandatory—you know, based on what I learned in my training—but he wouldn't budge from his "euros only" rule. Hmm... so, I went ahead and added the reverse charge to the invoice... but now I'm thinking... if he's tripping up on the currency, who knows if he'll mess up this part too?

Well, I’m just sitting here feeling totally lost... do I actually write "reverse charge" or not? Grrrr... honestly, whoever drafted this law must have been dreaming—because reading what's written feels like straight-up science fiction! :-(

Thanks so much to everyone—really, truly! :-)

David Kelly37 said:Yeah—you definitely have to. The lady at the IRS told us invoices absolutely have to be in dollars, though we can use other currencies if we want. Our programmer set it up with dollars as the main currency since that's how it has to be, but I still print out the USD amounts because basically 99 percent of our customers are overseas anyway!

Thanks so much... I'll definitely be listening to you all more closely from now on. Oh, one more thing—given that we're VAT exempt under section 45, the reverse charge wouldn't apply, right?!

David Kelly37 said:All invoices have to be listed in USD—it’s clearly stated in the law—though you can certainly include another currency alongside it if you need to.

Hmm... they only mentioned Euros to me—just lovely... so what now? Do I just convert everything back to Dollars and send them a corrected invoice?

Hey there! So, we actually had an export shipment heading over to Canada last week—it was a bit of a headache, honestly! Some statements changed at the last minute, which left our freight forwarders scrambling for info, but hey, we managed to pull it off in the end. Anyway, I wanted to pick your brain on something—I’ve been drafting my invoices in US Dollars, just like always, without explicitly mentioning any other currency since I was told it wasn't necessary—and I haven't included the reverse charge note either... does that sound right to you?

Hi everyone! Has anyone handled exports to Canada since July 1st? I'm specifically looking at the invoicing side of things—we finally got a VAT ID that needs to be on there. Other than that, is there anything else I should be adding, removing, or tweaking to stay compliant?