Once accepted by the customer, a commercial invoice acts as a legal document and details the amount owed to the seller. ![]() The purpose of a commercial invoice, on the other hand, is to request payment for a completed sale of goods. Here’s what a proforma invoice looks like: This way, the buyer can see if the sale is within their budget. Sellers issue a proforma invoice to outline the cost of goods and services to a potential customer. The purpose of a proforma invoice is to help buyers decide if they want to place an order.Ī proforma invoice is almost identical to a commercial invoice however it is not considered a final invoice. What’s the difference between a proforma invoice and a commercial invoice? To see a complete list of the EU countries and certain territories wherein VAT and export rules either do or do not apply, visit the European Commission Taxation and Customs page. Note: There are some exceptions to this as certain countries, such as Gibraltar and San Marino, are members of the EU but do not fall within the EU customs territory. In other words, every single time you ship a package from the EU to a country that is outside of the EU, you need to fill out a commercial invoice. ![]() It is used as a customs declaration and is provided by the exporter (the shipper). When do I need to raise a commercial invoice?Ī commercial invoice is required for any shipment that travels outside of the EU.
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