Many retail outlets in Ghana are not complying with the e-VAT invoicing system Companies are denying the state millions of Ghana cedis monthly by not integrating their billing system with the GRA designated system A...
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Kenya Issues 2024 Regulations for Electronic Tax Invoices
Kenya issued Tax Procedures (Electronic Tax Invoices) Regulations 2024 Regulations effective from 21 March 2024, revoking 2023 regulations Applies to all businesses unless exempted Requires recording and generating...
Correcting buyer data on invoice: corrective invoice, note, deadlines, recording, and JPK VAT
Changing buyer data on an invoice Corrective invoice, corrective note, deadlines, recording in the register and JPK VAT How to legally change buyer data on an invoice When to issue a corrective invoice or corrective...
Preparation for New VAT Authorities ICT System Must Improve
The Belastingdienst should not rush into decisions regarding the new ICT system for collecting VAT The preparation for the new system is inadequate, according to the Adviescollege ICT-toetsing The IT systems of the...
Mandatory KSeF Implementation for VAT Taxpayers: Ministry of Finance Plans Revealed
Mandatory implementation of the National e-Invoice System (KSeF) for active and exempt VAT taxpayers from February 1, 2026 The Ministry of Finance has plans for the implementation of KSeF A new amendment to the VAT law...
State Secretary Van Rij’s Response to Final BIT Advice on VAT Modernization Program
– The State Secretary Van Rij sends the Dutch House of Representatives the final advice from the Advisory Board on ICT Testing regarding the Modernization of Value Added Tax program of the Tax Administration...
Automating SAP data archiving with the Archiving Sessions Cockpit
Data generation will continue to grow at an exponential rate, and one solution to control database growth is data archiving. Automated SAP data archiving solutions, such as the Archiving Sessions Cockpit, are effective...
Malaysia CTC e-invoice Reporting
Starting from August 2024, e-invoicing will be mandatory in Malaysia for taxpayers with an annual turnover exceeding RM100 million. The implementation will follow the continuous transaction control (CTC) model...
ViDA agreement on May 14 – What can be expected on ”Single EU VAT registration”
On May 14, 2024, the EU Member States aiming to reach agreement on ViDA package at ECOFIN meeting. From July 2025, supplies of natural gas, heating, and cooling energy across EU borders will be considered distance sales...
ViDA agreement on May 14 – What can be expected for the Platform Economy
On May 14, 2024, the EU Member States aiming to reach agreement on ViDA package at ECOFIN meeting. In 2024, quick fixes to e-commerce VAT rules were moved to the 2028 EU Customs reforms. By July 2025, supplier rules...
ViDA agreement on May 14 – What can be expected on Digital Reporting Requirements (E-Invoicing)?
On May 14, 2024, the EU Member States aiming to reach agreement on ViDA package at ECOFIN meeting. In 2024, member states gained the ability to implement domestic e-invoicing schemes for established businesses without...
EU ViDA delayed July 2027- 35 timetable & compromises
July 2027 Single VAT Registration & Platform Economy; July 2030 Digital Reporting Requirements & e-invoicing; Jan 2035 harmonisation with existing e-invoicing Source vatcalc Join the LinkedIn Group on ”VAT in...
The Evolution of E-Invoicing and Digital Trade: Preliminary Insights from the Billentis Report 2024
Billentis released a highly anticipated report titled ‘The Global e-Invoicing and Tax Compliance Report: Watch the Tornado!’, providing insights into the evolving landscape of e-invoice compliance and...
Webinar ecosio – E-invoicing in Malaysia (May 23)
Register HERE Looking for clarity on e-invoicing in Malaysia? Join ecosio’s experts for a detailed breakdown of current and upcoming regulations and requirements. Thursday, 23. May 2024 – 10:00 AM – 10:40 AM...
Webinar ecosio – E-invoicing in Romania (May 16)
Register HERE Looking for clarity on e-invoicing in Romania? Join ecosio’s experts for a detailed breakdown of current and upcoming regulations and requirements. Thursday, 16. May 2024 – 10:00 AM – 10:45 AM...
Bolivia’s National Tax Service to Expand E-Invoicing Obligations for More Taxpayers by 2025
Bolivia’s National Tax Service will expand electronic invoicing obligations to more taxpayers The expansion will take effect on February 1, 2025 Source: vitallaw.com Note that this post was (partially) written...
FBR Forms Key Team for Digitalizing Tax System
FBR has formed a project management team for digitalization of Pakistan’s tax system Team includes senior FBR officials and a representative from Karandaaz Project Director is Muhammad Khalid Jamil Aim is to make...
Malaysian SandBox Test Environment is Accessible for Taxpayers and Service Providers
Access to the Myinvois (Sandbox) testing environment was first available on April 10 for pioneering companies in the e-invoicing system, with access extended to other companies and service providers starting April 22...
Polish Ministry of Finance begins establishing a new e-invoicing mandate introduction date
On April 30, 2024, the Polish government approved a draft bill to postpone the implementation of the KSeF e-invoicing system obligation from July 2024. The delay was due to insufficient development of the system...
Understanding Veri*factu, Crea y Crece and other Spanish requirements
Spain’s tax reporting regulations are changing with an increasing shift to e-invoicing and real-time reporting to the tax authorities. The existing legislation such as SII and Ticket BAI, as well as the new tax...
Updated list of companies candidate to act as PDP
To switch to electronic invoicing, companies will be able to use either one or more partner dematerialization platforms or the public invoicing portal. A list of operators who have submitted an application for the...
Understanding VAT in UAE: Regulations, Exemptions, and Recent Changes Explained
VAT in UAE introduced on January 1, 2018 with a standard rate of 5% VAT is imposed on taxable supplies and businesses must issue valid VAT invoices UAE businesses must meet criteria for VAT registration if annual income...
Member States Close to Consensus on ViDA VAT Package at ECOFIN Meeting on 14 May
EU Member States aiming to reach agreement on ViDA package at ECOFIN meeting on 14 May ViDA package includes common e-invoicing and digital reporting requirements, updates to VAT rules, and single VAT registration...
OTA Resolves Technical Error on Portal, Apologizes for Text Message Mishap
OTA had a technical error on its portal Sent out multiple text messages to taxpayers Issue has been resolved by OTA Source: assets.kpmg.com Note that this post was (partially) written with the help of AI. It is always...
Poll – We are one week before the EU Council may approve the proposal on VAT in the Digital Age on May 14. What will be the outcome?
You can VOTE HERE Will the Digital Reporting Requirements (E-Invoicing for Intra-EU transactions) as part of VAT in the Digital Age (ViDA) approved on May 14? Yes – For the 3 pillars Yes – but not for DRR...
Israel e-invoicing
Israel is set to implement a continuous transaction controls (CTC) model that will require businesses to submit invoice data in electronic format for the tax authority to validate. The mandate, set to come into force in...
Enhancing eInvoicing Interoperability between the European Union and the United States
The sixth ministerial meeting of the Trade and Technology Council (“TTC”) was held in Leuven, Belgium, on 4 and 5 April 2024. It was co-chaired by European Commission Executive Vice Presidents Margrethe...
