Follow the latest updates on E-Invoicing and Real Time Reporting on www.vatupdate.com and the LinkedIn pages on E-Invoicing/Real Time Reporting and ViDA.
Highlights Week 43/2023
- European Union – ViDA:
- The EU Parliament voted for a 1-year delay proposal to ViDA, this is not binding,
- It is looking forward to the Ecofin meeting of December 8, 2023 under the Spanish presidency.
- VATcalc reports that the ViDA proposal containing 3 pillarrs (DRR, Platform Economy and Single EU VAT registrations would be split. This is contrary to statements made by officials from the European Commission.
- The implementation of DRR would be delayed till 2030 or 2023.
- The proposals that would be implemented in 2024 will need to be postponed in any case given short time left till January 1, 2024.
- Contrary to the original proposals, during the IVA conference on Oct 19-20, Mr. Patrice Pillet (EU Commission) mentioned that Pre-clearance of invoice would be the cornerstone of E-invoicing & Digital reporting requirements. It is waiting what would actually be considered as ”Pre-clearance”. The imposotion of Clearance as part of ViDA may be to counterargue reservations from countries like Italy and Poland to approve the ViDA proposal.
- It will be looking forward to the Belgian presidency of the European Council how the ViDA proposal will develop. Concerns of business like the abolishment of the Summary Invoices and the 2+2 day reporting period of transactions seems to be reconsidered.
- Belgium:More details are getting gradually released on E-Invoicing mandate in Belgium.
- Which transactions: B2B transactions between Belgian VAT registered taxpayers (with exceptions)
- Peppol will become the default standard for exchanging structured electronic invoices, unless agreed differently by both parties, but still following European Standard
- When: Per January 1, 2026 (no phased implementation)
- Draft legislation already approved by the Council of Ministers
- Derogation from the European Commission is pending
- Croatia sent their request to derogate from the EU VAT Directive to the European Commission.
- Scope would B2B transaction between established taxpayers
- When: Per January 1, 2026
- Estonia: B2B e-invoice mandate in accordance with the European e-invoicing standard
- France issued a proposed timeline of the E-Invoicing mandate
- Implementation will occur in two phases for both E-Invoicing and E-Reporting
- September 1, 2026: Obligation to receive E-Invoices for all companies and Obligation to issue for large companies and mid-caps
- September 1, 2027: Obligation to issue for SMEs and micro-enterprises
- Deadlines may be delayed by one quarter if necessary
- Germany would be implemening E-Invoicing mandate as of Jan 1, 2026 with a voluntary phase starting Jan 1, 2025. However, German Bundesrat calls for 2-year e-invoicing delay.
- Greece Considers Potential E-Invoicing Mandate from 2025 to Support myDATA System.
- Israel announced new deadline for first wave of e-invoicing mandate due to recent events. The first phase, initially planned for Jan 1, 2024 has been delayed till April 1, 2024.
- Italy: Implementing mandatory E-Invoicing and E-Reporting will trigger new opportunities for tax authorities to verify the compliance of data reported. An example: Electronic invoices, electronic consideration and electronic payments: the data matching carried out by the Italian tax authorities.
- Also Malaysia changed the timeline of the E-Invoicing mandate. Phased implementation will start now on August 1, 2024.
- Poland’s Ministry of Finance has released a draft legislation proposing amendments to the country’s VAT return regulation, known as JPK_VAT. The changes are aimed at aligning the VAT return with the mandatory e-invoicing system, KSeF, and are expected to go into effect on July 1, 2024, alongside the e-invoicing obligation.
- Romania: The President signed decree on fiscal-budgetary measures including electronic invoicing. For the timeline and scope: What is the timeline of the E-Invoicing mandate in Romania?
- Spain: Timeline for implementation remains unclear. Failure to confirm a new government in Spain means the earliest launch date for its mandatory B2B e-invoicing regime may be pushed back as far as 1 October 2025.
- Other countries making steps towards mandatory E-Invoicing: Mauritania, Mauritius, Slovenia, UAE and Zambia
Additional oberservation: Authorities will have an arsenal of potential checks available to them to verify the correctness of data and the reconciliation with other data reported to the authorities for accounting, direct tax (corporate tax return, TP documentation, Country by Country reporting, Pillar 2, …), indirect tax incl. VAT, Intrastat, Customs, Environmental and Employment Tax, …
NOT TO BE MISSED The E-Invoicing Exchange Summit in Singapore opens its doors from December 4 to 6
AUSTRALIA
BELGIUM
- Key facts about Belgium’s proposed e-invoicing obligation
- Tax proposals in budget 2024 include real estate VAT changes, mandatory e-invoicing
CROATIA
- Croatia Implements Mandatory B2B E-Invoicing to Combat Fraud and Ensure Compliance
- Another step toward mandatory e-invoicing with derogation request
DENMARK
- Call EMCS B2B Solution with MitID Erhverv from Nov. 1, 2023
- The current timeline of the Danish digital bookkeeping mandate
ESTONIA
EUROPEAN UNION
- EU ViDA – Digital Reporting & e-invoicing delay to 2030
- Call for expression of interest to participate in the eInvoicing Technical Advisory Group of the European Commission
- EU Parliament votes 1-year delay proposal to ViDA
- Amazon Calls for Harmonization of EU VAT Systems to Simplify Compliance
- EU Commission update on ViDA discussions: Pre-clearance of invoice to be the cornerstone of E-invoicing & Digital reporting requirements
FRANCE
- France Submits Revised E-Invoicing Timetable to Parliament, Pushing Start Date to September 2026
- France submits new e-invoicing timetable to Parliament
- France announces new timeline for e-invoicing, mandatory for companies by 2026
- What is the (proposed) timeline of the E-Invoicing mandate in France?
- France announces new timetable for mandatory e-invoicing and e-reporting for VAT-registered businesses
- Status of B2B Electronic Invoicing in France
- How e-Reporting Works in France
- Understanding the French E-Invoicing Mandate Delay: Five Ways to Make it Work for You
- Delay in E-invoicing Implementation in France until September 2026
- France Announces Revised Timeline for E-Invoicing and E-Reporting Mandate
GERMANY
GREECE
- Greece Considers Potential E-Invoicing Mandate from 2025 to Support myDATA System
- Greece’s VAT Reform: Progress and Challenges in CTC Initiatives and E-Invoicing
INDIA
ISRAEL
- Updated timeline of invoice clearance model
- Israel announces new deadline for first wave of e-invoicing mandate due to recent events
- Israel delays introduction of clearance CTC e-invoicing until 1 April 2024
- Israel Introduces B2B E-Invoicing as of 2024: CTC Clearance Model (Updated)
- Israel B2B e-invoicing April 2024
- What is the timeline of the E-Invoicing mandate in Israel?
ITALY
MALAYSIA
- Malaysia’s Revised E-Invoicing Implementation Timeline
- Malaysia Considers E-Invoicing Implementation to Support Potential Reintroduction of GST
- Mandatory CTC Electronic Invoicing Model in Malaysia as of August, 2024 (Updated)
- Malaysia e-invoicing 3-phases from 1 Aug 2024
- Malaysia proposes new timeline for mandatory e-invoicing implementation in 2024 Budget
- What is the timeline of the E-Invoicing mandate in Malaysia?
- Developing an End-to-End eInvoice Solution for Malaysia using SAP DRC Electronic Document Processing
MAURITANIA
MAURITIUS
- E-invoicing regulations published
- Mauritius e-invoicing mandate is expected to go live in Q1 of 2024
MEXICO
OMAN
- What is the timeline of the E-Invoicing mandate in Oman?
- Introduction of E-Invoicing in Oman: Implementation, Compliance, and Anticipated Process Changes
POLAND
- Proposed changes to the VAT return in relation to KSeF
- JPK_VAT component will be adapted to the KSeF obligation
- Let’s talk about the future of E-Invoicing in Poland! Do we need a paradigm shift after elections?
- Draft regulation on JPK_VAT with a declaration adapted to the obligation to issue invoices in the National e-Invoice System (KSeF)
- Challenges and Benefits of Poland’s KSeF System: Insights from a VAT Expert
- Service work on the test environment of the National e-Invoice System in Poland
- Consultation on Amendment of JPK_VAT Regulation with Declaration: Changes for KSeF Implementation
- KSef does not allow the issuance of invoices based on utility consumption forecast
- Correcting JPK_VAT File
- VAT-exempt businesses will be affected by KSeF sooner than they think
- KSeF will change the rules of cooperation in business
ROMANIA
- B2B e-invoicing mandate is enacted
- What is the timeline of the E-Invoicing mandate in Romania?
- Romanian President signs decree on fiscal-budgetary measures including electronic invoicing
- Romania B2B RO e-invoicing eFactură 2024 launch approved
- Webinar RTC – Recorded session & Slide decks – E-Invoicing in Romania: Navigating the 2024 Regulatory Landscape
- Romanian E-invoice on the horizon
- Implementation Details of Romania’s e-Invoicing System Obligation
SAUDI ARABIA
SLOVENIA
SPAIN
UNITED ARAB EMIRATES
UNITED STATES
WORLD
- The E-Invoicing Exchange Summit in Singapore opens its doors from December 4 to 6
- E-Invoicing Exchange Summit Asia (Dec 4-6, 2023)
- Pagero Webinar: E-Invoicing and E-Reporting Compliance Updates with Pagero & Deloitte
- Pagero and Vertex announce partnership to deliver global e-invoicing solution
- Axway @ the E-invoicing Conference : Taking the next step ! – October 24 – Brussels
- Timeline of the E-Invoicing mandates per country
- E-Invoicing & E-Reporting developments in the news in week 42/2023
ZAMBIA
Previous issues
- E-Invoicing & E-Reporting developments in the news in week 42/2023
- E-Invoicing & E-Reporting developments in the news in week 41/2023
- E-Invoicing & E-Reporting developments in the news in week 39 & 40/2023
- E-Invoicing & E-Reporting developments in the news in week 38/2023
See also
- Timeline of the E-Invoicing mandates per country
- Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE
- Join the LinkedIn Group on ”VAT in the Digital Age” (VIDA), click HERE