The payments by the participating company, in accordance what is indicated in the membership contract with ECOEMBES, shall be made by means of a direct debit (model ANNEX IV to the membership contract).
Of the total resulting from the declaration, ECOEMBES will issue four quarterly invoices and a fifth invoice or a credit note in order to settle the difference between the amount provisionally invoiced the preceding year and the real sales data obtained in the new declaration.
Invoicing calendar:
Settlement |
2nd two weeks of March |
30 days date invoice |
First Quarter |
2nd two weeks of March |
30 days date invoice |
Second Quarter |
1 April |
5 July |
Third Quarter |
1 July |
5 October |
Fourht Quarter |
1 October |
5 January |
Example:
Provisional Declaration n-1: 1,200 €
Definitive Declaration n-1/ Provisional n: 1,500 €
| Settlement |
300 |
VAT |
| First Quarter |
375 |
VAT |
| Second Quarter |
375 |
VAT |
| Third Quarter |
375 |
VAT |
| Fourth Quarter |
375 |
VAT |
For Simplified Declarations, as well as for all of those where the resulting amount is under €400, ECOEMBES will issue a single invoice in the month of March, which shall mature on 30 June. In this manner, administrative processing will be considerably simplified. Foreign companies might also make a single annual payment in order to reduce the administrative and banking costs incurred in paying the four quarterly invoices.
The declarations corresponding to retroactive periods will be invoiced during the year when they are presented and will mature one month after the invoice date.