- Centralized E-Invoicing Platform Development: Madagascar is progressing towards mandatory electronic invoicing as part of its tax reform efforts, with a centralized e-invoicing platform set to be developed and fully implemented by 2025, as outlined in the 2024 Amended Finance Law.
- Objectives of the E-Invoicing System: The new system aims to enhance tax revenue control by improving the accuracy of tax filings, combat VAT fraud through centralized invoice recording, and reduce compliance burdens for taxpayers and the tax authority, thereby increasing operational efficiency.
- Comprehensive Coverage Across Sectors: The e-invoicing framework will apply to all types of transactions—B2B, B2C, and B2G—across various sectors and company sizes, reflecting the government’s commitment to establishing a modern and transparent fiscal infrastructure that bolsters the capacity of the Direction Générale des Impôts (DGI) to oversee tax obligations.
Source Comarch
Click on the logo to visit the website
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
- See also
- Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE
