English to Spanish Bus/Financial Business/Commerce (general)

https://www.basf.com/global/en/who-we-are/organization/suppl...

The VAT self-billing / ERS-procedure (Evaluated Receipt Settlement) constitutes a special type of accounting for goods and services between a customer and its service provider (supplier of goods or services), in which it is crucial that the accounting burden is borne by the customer and not by the supplier.

Accounting in the VAT self-billing procedure is not carried out in the usual way by the supplier, by means of a vendor invoice sent to the customer concerned, but conversely by its customer, which creates an internal accounting document (self-billing invoice) and sends it to the vendor. The customer’s self-billing invoice therefore replaces the vendor's invoice for billing purposes.