VATupdate

Share this post on

Madagascar Moves Forward with Mandatory Electronic Invoicing Implementation

  • Madagascar’s 2024 Amended Finance Law sets the stage for a mandatory, centralized e-invoicing system in 2025, aiming to enhance transaction traceability and modernize tax administration.

  • The system will require all taxpayers across B2B, B2C, and B2G sectors to issue structured electronic invoices, enabling real-time reporting to the tax authority.

  • Key goals include reducing VAT fraud, improving revenue accuracy, and lowering compliance costs, aligning with the country’s broader tax reform and digital transformation objectives.

Source: edicomgroup.com

Sponsors:

VATIT Compliance
Pincvision

Advertisements:

  • Exchange Summit