- Several countries have updated their e-invoicing regulations.
- In Saudi Arabia, the second stage of electronic invoicing has been implemented, with all taxpayers earning over 150 million Saudi Arabian Riyals required to submit electronic invoices by November 1, 2023.
- Guatemala’s new electronic invoicing system, the FEL system, was expected to come into force on March 31, 2023, but has been extended for some taxpayers until July 1, 2023.
- In Colombia, e-invoicing became mandatory for companies in 2019, and the scope of the system was extended on April 1, 2023. Thailand has extended incentives for e-tax systems until December 31, 2025.
- Portugal requires SAF-T invoicing reports from foreign businesses with a VAT registration number but no physical presence in the country from January 2023 and will make SAF-T accounting files mandatory from 2025.
- In France, mandatory e-invoicing will become effective on July 1, 2024, with a pilot program running from January to June that year.
- Greece requires e-invoices for transactions related to government purchases until December 2022 and will begin implementing the second stage of e-invoicing for B2G transactions from January 1, 2024.
- In Egypt, paper invoices will cease to be used from July 1, 2023, and e-invoicing will become mandatory for both B2B and B2C transactions. Germany is proposing an e-invoice authorization for B2B transactions starting on January 1, 2025.
- Finally, there will be a webinar on “Top Tips for e-Invoicing in the EU: a Regulation Guideline” on Wednesday.
Source SNI
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