//change your reputation to your influencer score
Skip to main content
Question
Ntogka, Eleni
Compliance Officer
Asked a question last year

I would like to ask for a clarification on FAQ 419 regarding the provision of services to SSI entities. According to FAQ 419: “For the provision of services to, subscription arrangements involving, and progress payments for long-term projects involving SSI entities, U.S. persons may extend payment terms of up to the applicable tenor specified in the relevant Directive from the point at which a final invoice (or each final invoice) is issued… For example, if a U.S. person is providing services for a long-term project involving a Directive 2 SSI entity, and a final invoice is dated December 1, then the SSI entity must pay the invoice within 60 days of December 1 (i.e. the value date of the payment should be not later than 60 days from December 1).” If a US person is providing services to an SSI Dir 2 entity since 1 February 2021 and the final invoice for the services will be issued on the 1st of October 2021, then the SSI entity must pay the invoice within 60 days of 1 October 2021? Or is it that every 14 days as of 1 February 2021, the SSI entity must ensure to pay for the services?

Where am I?

In Association of Certified Sanctions Specialists you can ask and answer questions and share your experience with others!

Related Questions

No related questions.