- Madagascar is implementing a centralised e-Invoicing platform to collect structured VAT invoices
- The platform aims to secure tax receipts, eliminate fraud, and reduce compliance costs
- Digitalisation efforts include streamlining VAT reporting, improving tax revenues, and imposing VAT on digital services
- The e-Invoicing mandate will apply to all B2B transactions
- Businesses must issue and report structured VAT invoices through the centralised platform
- The system aims to reduce errors and fraud, improve tax compliance, and streamline accounting processes
- Businesses should start preparing by reviewing their current invoicing and accounting systems and consulting with tax advisors for readiness.
Source: rtcsuite.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
