Fri, Nov. 30, 2007

A Proper Invoice

CK - Washington.   Dear Counsel: Please ensure that we receive a proper invoice. The FDA invoice for its fees is illegal. It does not comply with German and E.U. rules for invoices.

Dear Client: The American government is unlikely to change its invoicing procedures to produce invoices that allow you to deduct the fees from your taxes.

Here is a solution: Use our invoice which incorporates the fees as an expense because we advanced the fee to the government. Our invoice is drafted to meet the requirements of the E.U. and German rules on invoicing.

Also, you may want to check with your tax department. I remember something in those rules about exceptions for invoices from non-E.U. countries.

Unfortunately, I can't help you with the profit you made as a result of the changes in the exchange rates. When we advanced the fee in dollars for you, you thought it would cost X euros. By the time you receive our bill, it will cost you 10% less. I suppose that cost savings could be tax-free. Enjoy!

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