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Terms And Conditions For Invoice
"I need Terms and Conditions for Invoice for my manufacturing company in Jakarta, with specific provisions for electronic invoicing and 30-day payment terms, ensuring compliance with Indonesian VAT regulations."
1. Parties: Identification of the parties involved - the service/goods provider (invoicing party) and the customer (paying party), including full legal names, registration numbers, and addresses
2. Background: Brief context explaining the purpose of these terms and conditions and their application to invoices issued between the parties
3. Definitions: Clear definitions of key terms used throughout the document, including 'Invoice', 'Payment Terms', 'Due Date', 'Late Payment', etc.
4. Invoice Requirements: Detailed specifications of what information must be included in invoices, compliance with Indonesian tax regulations, and format requirements
5. Payment Terms: Standard payment period, acceptable payment methods, currency specifications (as per Indonesian law), and bank account details
6. Late Payment: Consequences of late payment, including interest rates, penalties, and collection procedures in accordance with Indonesian regulations
7. Taxes: Provisions regarding VAT and other applicable taxes, tax invoice requirements, and tax-related obligations of both parties
8. Dispute Resolution: Procedures for handling disputed invoices, including notification requirements and resolution processes
9. Governing Law: Specification of Indonesian law as the governing law and jurisdiction for any legal proceedings
10. Force Majeure: Circumstances under which payment obligations may be suspended due to events beyond parties' control
1. Electronic Invoicing: Include when parties agree to use electronic invoicing systems, specifying technical requirements and processes as per Government Regulation No. 71 of 2019
2. Currency Exchange: Include for international transactions where conversion between currencies is necessary, subject to Bank Indonesia regulations
3. Credit Terms: Include when offering credit facilities or flexible payment arrangements to specific customers
4. Volume Discounts: Include when offering discounts based on invoice volume or value
5. Specific Industry Requirements: Include when the industry has specific invoicing requirements or regulations
6. Assignment: Include when either party needs the right to assign invoices to third parties or factors
7. Confidentiality: Include when invoices contain sensitive commercial information requiring specific protection
1. Schedule 1: Standard Invoice Template: Template showing required format and content for invoices, compliant with Indonesian tax regulations
2. Schedule 2: Payment Methods: Detailed list of accepted payment methods and associated processing requirements
3. Schedule 3: Interest Rate Calculation: Detailed methodology for calculating late payment interest and penalties
4. Appendix A: Tax Invoice Requirements: Comprehensive list of requirements for tax invoices under Indonesian law
5. Appendix B: Contact Details: List of relevant contact persons and departments for invoice-related communications
6. Appendix C: Electronic Invoicing Specifications: Technical specifications and procedures for electronic invoice submission and processing
Authors
Applicable Law
Business Day
Confidential Information
Customer
Due Date
Electronic Invoice
Force Majeure
Invoice
Interest Rate
Late Payment
Notice
Payment Period
Payment Terms
Penalty
Provider
Purchase Order
Rupiah
Services
Goods
Tax Invoice (Faktur Pajak)
VAT
Working Days
Electronic System
Digital Signature
Payment Method
Dispute
Credit Terms
Collection Costs
Banking Hours
Authorized Representative
Commercial Documents
Delivery Note
Material Breach
Payment Default
Principal Amount
Settlement Date
Tax Registration Number (NPWP)
Terms and Conditions
Bank Account
Business Hours
Definitions
Invoice Requirements
Payment Terms
Electronic Invoicing
Late Payment
Interest and Penalties
Tax Compliance
Currency
Bank Details
Invoice Disputes
Force Majeure
Confidentiality
Data Protection
Record Keeping
Notices
Assignment
Amendment
Severability
Entire Agreement
Governing Law
Jurisdiction
Authentication
Electronic Signatures
Documentation Requirements
Credit Terms
Collection Process
Default
Termination
Liability
Indemnification
Dispute Resolution
Language
Waiver
Time of Essence
Legal Costs
Relationship of Parties
Compliance with Laws
Counterparts
Manufacturing
Retail
Professional Services
Technology
Construction
Healthcare
Education
Financial Services
Logistics
Energy
Agriculture
Telecommunications
Mining
Real Estate
Hospitality
Finance
Accounts Receivable
Accounts Payable
Legal
Procurement
Tax
Treasury
Operations
Compliance
Credit Control
Commercial
Business Development
Chief Financial Officer
Finance Director
Accounts Receivable Manager
Accounts Payable Manager
Credit Controller
Financial Controller
Tax Manager
Procurement Manager
Legal Counsel
Commercial Director
Business Development Manager
Operations Manager
Compliance Officer
Treasury Manager
Billing Coordinator
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