E-Invoicing/Digital Reporting/SAF-T – What was in the news in February 2022?

Highlights

• European Commission launched public consultation on ”VAT in the digital age” – Due date for input is April 15, 2022
• Romania – B2B taxpayers supplying high fiscal risk products will be obliged to issue e-invoices as of July 1, 2022
• Australia Approves B2B e-Invoicing
• Ireland consults on VAT digital reporting and e-invoicing
• Draft Royal Decree to implement E-Invoicing in Spain, proposed implementation date Jan 1, 2024
• Vietnam – E-invoicing Roll-Out in July 2022
• China Introduces Fully Digitized E-Invoice with New Pilot Program

 

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AUSTRALIA

• ATO Notes Benefits of eInvoicing
• ATO: Consider the benefits of eInvoicing
• ATO: Make life easier with eInvoicing
• Australia Approves B2B e-Invoicing

BELGIUM

• Belgium expands the B2G electronic invoice to all its suppliers
• E-Invoicing in Belgium explained
• Rumors surrounding timeline for mandatory B2B e-invoicing indicate that draft legislation is on the way
• Scope & Timeline Implementation of mandatory B2B E-Invoicing in Belgium

BENELUX

• Electronic Invoicing in Benelux

CHINA

• China Introduces Fully Digitized E-Invoice with New Pilot Program
• China launches a new e-invoicing pilot program in Shanghai, Guangdong, and Inner Mongolia
• China special e-fapiao VAT invoice 2025 mandatory

COLOMBIA

• Ministry of Finance Establishes Electronic Invoicing Requirement for Producers of Zero-Rated Goods Requesting VAT Bimonthly Refunds

EGYPT

• Egypt VAT e-invoice – new companies 2022

EUROPEAN UNION

• Businesses Urge EU Toward Common E-Invoicing Systems
• Group of the Future of VAT – 37th meeting on Feb 9, 2022 – Discussions on IOSS, Platform economy, Real Time Reporting, Blockchain
• Important EU VAT reforms gain support by the member states as well as by the European Parliament

FRANCE

• French Presidency Looking to Push for Harmonized B2B E-Invoicing Requirements Across the EU
• E-Invoicing: Authorities will offer a free invoice archiving service to taxable persons for the issuance/receipt of e-invoices
• France Authorized to Implement Mandatory E-Invoicing from 2024
• French Ministerial Conference on E-Invoicing
• Sovos E-Book: Preparing for France’s Mandatory Continuous Transaction Controls in 2024

GREECE

• MyData – FAQ

INDIA

• 7 Benefits of e-Invoicing in Post Pandemic Business World
• Mandatory e-invoicing for taxpayers exceeding turnover of INR 20 crores from April 01, 2022

IRELAND

• E-invoicing in Ireland- what you need to know
• Ireland consults on VAT digital reporting and e-invoicing
• Ireland will consult on a VAT Digital Reporting and E-invoicing System
• Irish Revenue Department is conducting a study of potential VAT invoice digital reporting requirements

ITALY

• Five key questions about e-Invoicing in Italy
• Italy’s updated e-invoicing archiving requirement

LUXEMBOURG

• Mandatory issue of electronic invoices in the context of BtoG public contracts

MALTA

• Government of Malta selects Pagero for provision of Peppol services

MEXICO

• CFDI 4.0 – Mexico Updates e-Invoice Format
• New guidelines for issuing electronic invoices

NEW ZEALAND

• New Zealand launches e-Invoicing Initiative

NORWAY

• SAF-T Accounts for financial activities, insurance companies and pension companies

PAKISTAN

• FBR — making tax digital and beyond (II)

POLAND

• As of April, a new version of the JPK FA structure
• Repentance letter in case of correction of the JPK_V7M / 7K files corrected
• Update Of SAF-TJPK_VAT Codes And Descriptions

PORTUGAL

• SAF-T delivery date in Portugal will be changed again?

ROMANIA

• ANAF – clarifications regarding the obligation to submit the SAF-T file
• RO e-Factura could bring over EUR 7 billion to the state budget
• SNI Webinar: Preparing for SAF-T Reporting and E-Invoicing in Romania (Feb 24, 2022)
• Stores will have to issue invoices and vouchers in e-Invoice system for high tax risk products

SAUDI ARABIA

• ZATCA published a new decision that reclassifies VAT-related violations and penalties

SERBIA

• Amendments to the Rulebook on Value Added Tax
• Keys to electronic invoicing in Serbia

SOUTH KOREA

• Mandatory e-Invoicing in South Korea in 2022
• South Korea Expands Mandatory E-invoicing Scope
• South Korea VAT e-invoice e-Tax – threshold cut July 2022

SPAIN

• Draft Royal Decree to implement E-Invoicing in Spain, proposed implementation date Jan 1, 2024
• Electronic Invoicing Will be Mandatory for Spanish Companies

SWEDEN

• Sweden is evaluating options for digitalizing VAT-related processes

UNITED KINGDOM

• Will digital tax reporting increase HMRC’s use of CCO powers?

VIETNAM

• E-invoicing Roll-Out in July 2022

WORLD

• A next generation model for electronic tax reporting and invoicing
• Centralised vs. decentralised clearance
• Continuous Transaction Controls CTC; digitisation of VAT invoice reporting
• Digitisation of tax reporting – Avalara global tracker
• E-Invoicing & Digital Reporting Global Updates (Update Feb 16, 2022)
• E-Invoicing / E-Billing Electronic Tax Reporting – International Market Overview & Forecast
• Global e-invoicing, SAF-T and pre-filled filings kill off VAT return?
• QR Codes and VAT invoices – global tracker
• Self-billing and real-time reporting
• What are Continuous Transaction Controls?
• What is Peppol and Why is it Spreading Around the World?

See also 

• E-Invoicing/Digital Reporting/SAF-T – What was in the news in January 2022?