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
- 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, Montenegro, 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
AUSTRALIA/ NEW ZEALAND
BELGIUM
CHINA
- China Special e-Fapiao Pilot Full Roll Out
- E-fapiao pilot progressively expands to further regions
- Expansion of China’s e-fapiao pilot program to include new provinces and cities.
- Expansion of Fully Digitized E-fapiao Programme and Introduction of Leqi Platform in China
- Expansion of the Fully Digitalized E-Fapiao pilot program in China
COLOMBIA
- Colombia approves new resolution for e-invoicing and PoS
- Colombia Implements Regulation for Electronic Invoicing System by 2024
- Colombia Introduces New E-Invoicing Rules and Electronic Document Specifications
- Colombia Publishes Resolution Updating e-Invoicing Rules
- Colombia’s DIAN Announces Fiscal Prize 2023: ‘Electronic Invoice Rewards Me’
- Colombia’s Tax Authority Releases Resolution 000165 on Invoicing System and Electronic Sales Invoice
- Resolution 000165: Updates to Invoicing System and Provisions
- The DIAN has Published a New Resolution Project to Fully Regulate the Electronic Invoicing System
- What is the timeline of the E-Invoicing mandate in Colombia?
COSTA RICA
CROATIA
- Croatia Introducing B2B e-Invoices in the Next Years
- Croatia Seeks EU Derogation for Mandatory B2B E-Invoicing: “Fiscalization 2.0” Project Update
DENMARK
EUROPE
EUROPEAN UNION
- European Parliament wants One-Year Postponement of ViDA Proposals
- VAT Expert Group (VEG) – Minutes of the 34th meeting on October 26, 2023
FRANCE
- Postponement of VAT e-Invoicing Implementation to 2026 and 2027
- Senate proposes updated timelines for the French CTC mandate
GERMANY
- German B2B e-Invoicing Extended to Jan 2027
- Germany’s Bundestag passes extended transition to e-invoicing, allowing paper invoices until 2026
- Lower House of Parliament Approves Draft Business Tax Reform Bill in Germany
- Proposed Delay in Germany’s Business-to-Business (B2B) E-Invoicing Implementation
GHANA
- Ghana 2024 Budget Statement Delivered
- Ghana E-VAT Electronic Invoicing Update
- Ghana MoF confirms mandatory e-invoicing phase 2 roll-out in 2024
- Ghana MOF Presents 2024 Budget Highlights: e-VAT, Upfront VAT, Reduced VAT Rate, and VAT Exemptions
- Ghana to Implement Mandatory E-Invoicing System in 2024
GREECE
- myDATA: Universal implementation and extension of incentives for electronic invoicing
- Version 1.07 Introduces New Features to myDATA Platform in Greece
GREECE/ ISRAEL/ MALAYSIA/ ROMANIA
GUATEMALA
INDIA
- Action in respect of non-issuance of e-invoices by notified class of taxpayers who are mandatorily required to issue e-invoice as per legal provisions
- GSTN issued comprehensive Guide and Instructions for Direct API Integration with Any of the 6 IRPs for E-Invoice Reporting
- GSTN Issues Guide and Instructions for Direct API Integration with 6 IRPs for E-Invoice Reporting
IRELAND
ISRAEL
ITALY
- Italy’s E-Invoicing Scope Extension: Changes and Obligations for Small Businesses
- Simplified regularisation in case of duplicated electronic invoices
KAZAKHSTAN
- Technical Work in the e-Invoice Information System on November 23, 2023
- The Authentication Method will be Changed in the e-Invoice by November 25, 2023
KENYA
- Kenya Reminds Taxpayers of Electronic Invoice Requirements and Related Deduction Restriction
- Kenya requires non-VAT-registered taxpayers to onboard on e-TIMS
- Mandatory e-invoice onboarding via eTIMS for non-VAT registered businesses
MALAYSIA
- Malaysia e-Invoicing introduction dates update
- Malaysia Tax Agency Updates Guidelines on 2023 E-Invoicing Requirements
- Malaysia Updates E-Invoicing Guidelines with Revised Timeline
- Malaysia Updates Guidelines for E-Invoicing Requirements Including Revised Implementation Timeline
- Malaysia: Mandatory e-invoicing and e-reporting on the horizon
- New E-invoicing Guideline and Timeline: Implementation Phases and Updated Resources
- Summary of Income and Indirect Tax Developments (November 2023)
MIDDLE EAST
OMAN
PAKISTAN
- Amendments to Sales Tax Rules for Electronic Invoicing System in Pakistan
- FBR Introduces Electronic Sales Tax Invoice Rules to Modernize Transaction Recording
PANAMA
- Panama Amends Criteria on E-Invoicing System Hosted by Tax Authority
- The State of Electronic Invoicing in Panama
PERU
POLAND
- 10 Facts About KSeF: What Entrepreneurs Should Know About the e-Invoice System
- Changes to Poland’s VAT return process to align with e-invoicing mandate
- How to issue an e-invoice?
- Invitation to Online Meetings: Wednesdays with KSeF for Micro-Entrepreneurs
- Invoice Issuing Deadlines in the National e-Invoice System (KSeF)
- Legislative Changes to VAT and Other Acts: Updates on JPK_V7 Reporting, Cash Register Exemptions, and Beverage Packaging Deposit Scheme
- Lewandowicz: Taxpayers are not prepared for the mandatory implementation of KSeF
- More responsibilities are coming for local government units in connection with KSeF
- Poland’s Mandatory e-Invoicing: Rules, Benefits and Global Trends
- RTC Webinar – Embracing Poland’s e-Invoicing Revolution: Preparing for July 2024 (Nov 28)
- Service maintenance on test environment of KSeF API and Taxpayer Application may cause temporary access issues.
- Temporary Access Disruptions to National e-Invoice System Test Environment from 22-27 November 2023
- The Ministry of Finance organizes free webinars on KSeF
- The National e-Invoice System will complicate making transfers
- Understanding E-Invoicing in Poland: The KSeF System and Compliance Requirements
- Update of API for National e-Invoice System and Taxpayer Application KSeF in Pre-production Environment (Demo)
- What is KSeF? Mandatory National e-Invoice System from 01.07.2024
- What is the timeline of the E-Invoicing mandate in Poland
- Who Should Start Testing e-Invoicing Today: Ministry of Finance Source
- Who Should Start Testing e-Invoicing? For Whom and From When is KSeF?
ROMANIA
- Electronic Archiving of Documents by Companies in Their Own Name
- Electronic Invoicing in Romania: A Two-Phase Approach for Business Transactions Explained
- Romania e-invoicing starting January 2024 (second wave)
- Romania’s E-invoicing Legislation Confirmed: Final Law Published
- Summary of the law on electronic archiving of documents (Law 135/2007)
SAUDI ARABIA
- Expansion of Electronic Invoicing Regime in KSA to Include More Taxpayers from June 2024
- New taxpayer group in scope of Phase 2 of e-invoicing announced
- Saudi Arabia announces new taxpayer group for Phase 2 of e-invoicing implementation
- Saudi Arabia Announces Ninth Wave of Phase 2 e-Invoicing Implementation
- Saudi Arabia announces ninth wave of Phase 2 e-invoicing implementation for high-revenue taxpayers
- Saudi Arabia announces ninth wave of Phase 2 e-invoicing integration
- Saudi Arabia Determines Criteria for Ninth Wave of the Integration Phase for the Country’s New E-Invoicing Requirements
- Saudi Arabia e-Invoices (FATOORAH) – Ninth Wave June 2024
- Saudi Arabia Makes Electronic Invoicing Mandatory: FATOORAH Project
- Saudi Arabia’s latest electronic invoicing announcement
- Saudi Tax Agency Criteria for Ninth Wave E-Invoicing Integration for High-Revenue Taxpayers
- Second Phase Implementation: Criteria and Timeline for Electronic Invoicing Integration by ZATCA
- ZATCA announces ninth wave of taxpayers to comply with Phase 2 requirements
- ZATCA Notifies Taxpayers for E-invoicing Phase 2 Integration in KSA
SERBIA
- Amendments to Electronic Invoicing Law
- Amendments to Serbian Law on Electronic Invoicing: Changes to VAT recording and deadline.
- Serbia introduced amendments to the e-invoicing law
- Serbia’s New e-Waybill System: Updates and Integration with E-Invoicing Platform
SLOVENIA
- B2B e-Invoicing Faces Delays in Slovenia
- Delays in Slovenia’s B2B e-invoicing progress due to proposed bill and changing standards
SPAIN
TAIWAN
WEBINAR/EVENTWORLD
WORLD
- E-Invoicing & E-Reporting developments in the news in week 44 & 45/2023
- e-Invoicing FAQs (Frequently Asked Questions)
- E-invoicing: Your Guide
- Fonoa Webinar – Recorded session & slide deck: Global E-invoicing Success: Practical In-House Strategies
- How e-Invoicing and Continuous Transaction Controls (CTCs) Impact Tax Teams and Compliance Efforts: Part 2
- October TaxTech Updates
- Selection criteria for an e-Invoicing solution
- The E-invoicing Revolution: How Technology and Mandates are Shaping the Future
- The Impact of E-Invoicing and Continuous Transaction Controls on Tax Compliance: Part 2
- Untangle e-invoicing & digital reporting with this practical structure
- What to consider when choosing an electronic invoicing provider
Previous issues
- E-Invoicing & E-Reporting developments in the news in week 44 & 45/2023
- E-Invoicing & E-Reporting developments in the news in week 43/2023
- 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