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E-Invoicing & E-Reporting developments in the news in week 12/2024

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 of week 12/2024

GERMANY – Federal Council approves E-Invoicing mandate

  • Growth Opportunities Act approved on March 22, 2024
    — Proposed timeline includes mandatory invoice receipt obligations by January 2025
    — Mandatory e-invoicing for companies with annual turnover over 800,000 Euros by January 2027
    — Mandatory e-invoicing for all remaining taxpayers by January 2028

SPAIN submits draft regulatory framework for Crea y Crece law to EU Commission

  • The Spanish government has submitted a revised version of the draft Royal Decree for the “Crea y Crece” initiative, which aims to improve payment efficiency and promote business growth.
  • All companies and self-employed individuals in Spain will be required to use electronic invoicing once the regulatory framework is approved.
  • Compliance timelines have been updated, with different deadlines for sole traders and legal entities based on their annual turnover.
  • The deadlines for compliance will begin after the approval and publication of the Royal Decree in the Official Gazette (BOE), expected to happen within this year.
  • Buyers will be obligated to issue two mandatory responses for invoice statuses: acceptance or rejection of the invoice, and full payment of the invoice. There are specific timeframes for these responses.

POLAND – Ministry of Finance Reveals Directions for Changes in National e-Invoicing System

  • The Ministry of Finance conducted consultations on the National e-Invoicing System (KSeF) and revealed the proposed changes based on taxpayer feedback.
  • The mandatory implementation of KSeF has been delayed until at least 2025 due to errors identified in the system.
  • Key changes include the optional issuance of consumer invoices in KSeF, a self-identification principle for VAT taxpayers, and a simplified process for large organizations.
  • The introduction of identification numbers for e-invoices and the liquidation of fiscal invoices and receipts will be postponed.
  • Offline mode, allowing delayed submission of structured invoices to KSeF, will be available during the initial period of mandatory implementation.
  • The Ministry plans to provide tax explanations, schema for structured attachments, and documentation for IT developers.
  • A new draft of regulations will be released in April 2024, with the aim of completing the legislative process by July 2024 and launching the mandatory KSeF in early 2025.

CROATIA’s Fiscalization Project 2.0: B2B Electronic Invoicing Implementation by 2026

  • Croatia is preparing for B2B electronic invoicing through the Fiscalization Project 2.0
  • B2B electronic invoicing in Croatia is scheduled to start in 2026
  • The country plans to introduce electronic invoicing between companies from January 1, 2026
  • The obligation to report national transactions and issue electronic invoices will be introduced

MIDDLE EAST – Overview of the Latest B2B eInvoicing Updates in the Middle East

  • The UAE is implementing a two-phased e-billing system, with mandatory e-invoicing for transactions exceeding AED 50,000 starting in July 2025 and for all transactions from July 2026.
  • Saudi Arabia has implemented a structured e-invoicing plan based on business turnover levels, making it a pioneer in the region.
  • Jordan has introduced a nationwide e-invoicing solution aligned with the provisions of the Income Tax Law, while Egypt is adopting e-invoicing in phases with full implementation expected by 2024. Oman plans to launch a voluntary VAT e-invoicing system in April 2024.
  • See also – E-Invoicing in the Middle East: Current Developments and Progress

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