VATupdate

Share this post on

Worldwide Upcoming E-Invoicing mandates, implementations and changes – Chronological

Last update: June 1, 2024

Join the Linkedin group on ”Global E-Invoicing/E-Reporting/SAF-T Developments”, click HERE


January 1, 2024

  • Bahrain
    • Proposal – Implementation of E-Invoicing
  • Spain – Bizkaia
  • Denmark
    • Standard DBS must be registered
    • Enterprises liable to present their annual report in accordance with the Danish Financial Statements Act and the rules of reporting class B-D must apply a digital accounting system
  • Germany
    • In Rhineland-Palatinate (Rheinland-Pfalz), e-invoicing will be mandatory from January 1st, 2024
  • Greece
    • Phase 2 B2G: Mandatory e-invoicing implementation for public contracts in Greece
  • Mexico
    • Mandatory use of the Carta Porte V.3.0.
  • Paraguay
    • B2C e-invoices when the operation exceeds PYG 35mil (approx. USD 4,700) or its equivalent in foreign currency
  • Romania
    • B2B e-reporting for both established and non-established companies
    • Tax technical regulations to be issued
  • Saudi Arabia
    • Sixth wave of E-Invoicing implementation
  • Thailand
    • By 2024 – service providers must be able to issue invoices electronically, archive them and deliver them on behalf of taxpayers

February 1, 2024

  • Bolivia
    • Group 4
  • Pakistan
    • Registered persons in the fast-moving consumer goods sector to transmit sales tax invoices electronically
  • Saudi Arabia
    • Seventh wave of E-Invoicing implementation for taxpayers whose revenues subject to VAT exceeded SAR 50 million during 2021 or 2022

March 1, 2024

  • Bolivia
    • Group 5
  • Belgium
    • Electronic Invoices for all public contracts of less than 30,000€
  • Panama
    • E-invoicing for certain exempted taxpayers
  • Saudi Arabia
    • Eight wave of E-Invoicing implementation for taxpayers whose revenues subject to VAT exceeded SAR 40 million during 2021 or 2022

April 1, 2024

  • Bolivia
    • Mandatory for Group 6
  • Germany
    • Hessen: Mandatory B2G E-Invoicing
  • India
    • GSTN mandates e-Invoicing for businesses with over INR 5 crores turnover from April 1, 2024
  • Oman
    • Voluntary E-Invoicing as of April 1, 2024, mandatory as of October 1, 2024
  • Paraguay
    • Mandatory E-Invoicing for the 8th group

May 1, 2024

  • Colombia
    • Taxpayers’ systems must be ready to comply with the sales e-invoice technical specifications v. 1.9
    • Large taxpayers must issue POS tickets electronically

May 5, 2024

  • Israel
    • Dealers will be required to obtain a number from the Tax Authority for invoices over NIS 25,000 without VAT

May 15, 2024

  • Mauritius
    • taxpayers with a turnover over RS 100 million (ca. EUR  2 million), notified by MRA’s General Director, must start issuing e-invoices in accordance with VAT Act e-invoicing regulations.

May 18, 2024

  • Dominican Republic
    • Large national taxpayers: 12 months from the law’s entry into force

June 1, 2024

  • Greece
    • Phase 3 B2G: Mandatory e-invoicing implementation for public contracts in Greece
  • Saudi-Arabia
    • Ninth wave for taxpayers with an annual income between SAR 30 million and SAR 40 million in either 2021 or 2022

July 1, 2024

  • Australia
    • Proposal – Medium-sized businesses (between AUD 10 million and 50 million)
  • Bolivia
    • Group 7
  • Denmark
    • Companies using standard DBS must book digitally from the next accounting period starting July 1, 2024
  • Paraguay
    • Mandatory E-Invoicing for the 9th group
  • Romania
      • B2B e-invoicing (centralized CTC approach) for established companies while non-established ones remain subject to e-reporting
  • United Arab Emirates
    • Service Provider Certification requirements and procedures and development of Data Dictionary | Only certified SPs will send the data to a central platform of the Tax Authority.
    • Development of ASP certification requirements and procedures, as well as development of UAE data dictionary
  • Zambia
    • Aall VAT-registered taxpayers are mandated to use Smart Invoice for issuing e-invoices

August 1, 2024

October 1, 2024

  • Bolivia
    • Group 8
  • Oman
    • Mandatory E-Invoicing
  • Paraguay
    • Mandatory E-Invoicing for the 10th group
  • Saudi Arabia
    • Tenth wave for taxpayers with an annual income between SAR 25 million and SAR 30 million in either 2022 or 2023

November 1, 2024

  • Colombia
    • Annex v1.0: Extended from May 1, 2024, to November 1, 2024, with specific dates varying based on the type of electronic equivalent document.

December 1, 2024


 January 1, 2025

  • Bolivia
    • Group 10
  • China
    • Proposal – Fully Digitalized E-Fapiao Program
  • Denmark
    • Digital accounting rules come into force for companies using a non-registered accounting system (customized DBS)
  • Dominican Republic
    • Draft – E-Invoicing for small, micro, and unclassified
  • Estonia
    • Estonia is also looking into Business-to-Business (B2B) e-invoicing, specifically for invoice receipt services
  • Germany
    • Receiving an e-invoice according to EN16931 will be mandatory for all German B2B transactions
    • From January 1, 2025, until December 31, 2026, paper invoices and e-invoices in formats that do not comply with the new requirements can still be exchanged
  • Greece
    • Phase 4 B2G: Mandatory e-invoicing implementation for public contracts in Greece
  • Ireland
    • October 2023: Public Consultation launched
  • Israel
    • The threshold will be reduced to 20,000 NIS (appx. 5200 euros) pre-VAT. Note that the Finance Committee may extend the pilot program through 2025
  • Malaysia
    • Taxpayers with an annual turnover or revenue of more than MYR 25 million and up to MYR 100 million
  • Paraguay
    • Mandatory E-Invoicing for the 11th & final group
  • Paraguay
    • B2C e-invoices: the threshold is reduced to PYG 7mil (approx. USD 900) or its equivalent in foreign currency
  • Portugal
    • The Portuguese 2024 Budget Law officially confirms the postponement of the requirement to use a qualified electronic signature (QES) on all electronic invoices until January 1, 2025.
  • Romania
    • Approved – SAFT – Small taxpayers and non-resident taxpayers will start on 1 January 2025
  • Thailand
    • By 2025 – large companies should be able to issue electronic invoices

April 1, 2025

  • United Arab Emirates
    • Issuance of the e-Invoicing Legislation: MoF envisages that businesses will be able to contract SP and start exchanging e-invoices under 4-corner model prior to entry into force of the reporting requirement.

May 1, 2025

  • Singapore
    • Voluntary early adoption by GST-registered businesses (soft launch)

May 5, 2025

  • Israel
    • The threshold will be reduced to 20,000 NIS (appx. 5200 euros) pre-VAT. Note that the Finance Committee may extend the pilot program through 2025

May 18, 2025

  • Dominican Republic
    • Large local and medium-sized taxpayers: 24 months from the law’s entry into force

July 1, 2025

November 1, 2025

  • Singapore
    • Mandatory for newly incorporated companies that register for GST voluntarily

December 2025

During 2025 – Timetable to be announced

  • Israel
    • Internal Revenue Service will postpone the planned April 2024 phased launch of B2B e-invoicing – “Israel Invoices“. A new launch timetable will be announced for 2025
  • Spain
    • Approved (No EU approval yet) – Mandatory B2B E-Invoicing.
    • Draft Royal Decree issued
    • First, for large taxpayers with an annual turnover of more than 8 million Euros, 1 year after the issuance of the implementing regulation.
    • Secondly, for rest of the taxpayers, 2 years after the issuance of the implementing regulation.

January 1, 2026

February 1, 2026

  • Poland
    • Large taxpayers (over PLN 200 million per annum)

April 1, 2026

  • Poland
    • All other taxpayers
  • Singapore
    • Mandatory for all  new voluntary GST-registrants

May 18, 2026

  • Dominican Republic
    • Small, micro and unclassified taxpayers: 36 months from the law’s entry into force

July 1, 2026

  • United Arab Emirates
    • Phase 1: MoF envisions a gradual introduction based on company size, but companies will be allowed to voluntarily opt-in for reporting earlier than envisaged timelines

September 1, 2026

  • France
    • Phase 1: large and medium sized-companies issue e-invoices and submit e-reporting. All taxpayers must be able to receive them. NOTE: option to extend further to 1st December 2026.

During 2025

  • Spain
    • Entrepreneurs and professionals with an annual turnover of over €8 million face a 12-month timeline for compliance. The remaining taxpayers have a 24-month deadline for compliance.

January 1, 2027

  • Germany
    • Mandatory E-Invoicing for taxpayers with annual turnover of > €800,000
  • Israel
    • The threshold will be 10,000 NIS (appx. 2600 euros) pre-VAT
  • Thailand
    • By 2027 – large companies should be able to file their tax returns electronically

September 1, 2027

  • France
    • Phase 2: small enterprises (les PME and TPE) must be able to issue e-invoices and comply with and e-reporting. NOTE: option to extend further to 1st December 2027.

January 1, 2028

  • European Union
    • ViDA
  • Germany
    • Mandatory E-Invoicing for all taxpayers
  • Israel
    •  The threshold will be set at 5,000 NIS (appx. 1300 euros) pre-VAT
  • Thailand
    • By 2028 – all entrepreneurs should have the ability to file taxes electronically

Unclear timing

  • Botswana
    • Introduction of electronic billing/invoicing platforms to improve VAT compliance – First phase starts in December 2024, later phases not yet known

  • Bulgaria
    • Draft – A public consultation on mandatory B2B e-invoicing is planned, as well as proposals for introducing SAF-T reporting
  • Croatia
    • New CTC Project – “Fiscalization 2.0.”

  • El Salvador
    • Draft – Electronic documents (incl. E-Invoicing) – Decree published
  • Finland
    • B2B real-time reporting
  • Hungary
    • Draft – Hungary plans to implement SAF-T reporting in late 2022/early 2023
  • Indonesia
    • Plan – Government intends to implement e-Invoicing in stages
  • Jordan
    • Voluntary national e-invoicing network likely to go mandatory
  • Latvia
    • Draft – Mandatory B2B and B2G E-Invoicing, EU Commission approval needed
  • Singapore
    • Mandate InvoiceNow for B2G E-Invoicing

  • Slovakia
  • Slovenia
    • Plan – Slovenia has announced plans to introduce B2B e-invoicing.
  • Sweden
    • Draft – Swedish tax authority has started work on three different types of reporting(E-Invoicing, RTR, SAF-T)
    • Investigation on Mandatory B2B, G2B e-Invoicing

Sponsors:

VAT news
VAT news

Advertisements:

  • VATupdate.com