Saudi General Authority of Zakat and Tax announced criteria for sixteenth wave of e-invoicing integration Integration to commence on April 1, 2025 Targets businesses with VAT-taxable revenues exceeding 3 million Saudi...
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Update: Slovenian Tax Authority Introduces New Digital Certificate for Secure Transaction Signing
Slovenian Tax Authority updates digital certificate for transaction signing Replaced digital certificate used for TLS session in tax receipt confirmation test system New public key associated with certificate available...
Streamlining Electronic Invoicing in Lithuania: SABIS System Enhances Efficiency and Compliance
Lithuania’s SABIS system has been used for issuing invoices since September, complying with the EU directive on electronic invoices in public procurement Invoices generated by SABIS meet all VAT law requirements...
E-Invoicing in Singapore: Benefits, Requirements, and How to Get Started
E-Invoicing in Singapore: Businesses are recognizing the advantages of e-invoicing, which enhances process management and adapts to compliance changes, particularly as Singapore aims to improve its economic landscape...
EU ViDA agreement delayed till Nov 2024
VAT in the Digital Age compromise illusive; no return to ECOFIN for agreement till Nov 2024.
Source vatcalc
Join the LinkedIn Group on ”VAT in the Digital Age” (VIDA), click HERE
Greece: B2B and B2G Electronic Invoicing via MyData
Mandatory Submission: All electronic VAT reports and both B2G and B2B electronic invoices must be submitted to the MyData platform for validation and assignment of a unique identifier. Starting January 1, 2024...
Extension of the Deadline for Implementing RIPS to Support Electronic Invoicing in the Health Sector
The Colombian Ministry of Health and Social Protection has published resolution No. 1884, which extends the transition period for implementing the Individual Registry of Health Services Provision (RIPS) as support for...
SNI Webinar – Navigating Germany’s B2B e-Invoicing Mandate: What B2B Companies Need to Know to Stay Compliant (Oct 9)
Register Here Navigating Germany’s B2B e-Invoicing Mandate: What B2B Companies Need to Know to Stay Compliant About SNI Legal Background of Germany’s B2B e-Invoicing Regulation Key Deadlines and Scope for...
Release of a new ZUGFeRD format version
On 18 September 2024, ZUGFeRD version 2.3 was released. The ZUGFeRD format is a hybrid e-invoice format developed by FeRD (the German Electronic Invoice Forum) with FNFE-MPE’s (the French Electronic Invoice Forum)...
Timeline of B2B E-Invoicing & E-Reporting mandates in the European Union
Updated October 7, 2024 Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE Join the LinkedIn Group on ”VAT in the Digital Age” (VIDA), click HERE Country updates Austria...
The adoption of B2G and B2B e-invoicing in Slovakia is still underway
E-invoicing Implementation in Slovakia: Slovakia introduced e-invoicing through Act No. 215/2019, aligning with Directive 2014/55/EU. Initially required for certain B2G transactions above €5,000 from January 2022, the...
Webinar – E-Invoicing in Germany: a guide to compliance – Slides & Recorded Session
Slides & recorded session of ”E-Invoicing in Germany: a guide to compliance” that took place on October 3, 2024
Download the material HERE
E-Invoicing & E-Reporting developments in the news in week 40/2024
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 Implementation of International Accounting Data...
Consultations Begin for Mandatory KSeF Implementation in Poland: Ensuring Equal Opportunities for All
Flooding Considerations: The needs and priorities of entrepreneurs affected by flooding are being taken into account. KSeF Consultations: Final consultations on the mandatory National e-Invoice System (KSeF) will begin...
Webinar – Recording + Slides – Navigating the E-Invoicing Revolution: Are You ViDA-Ready?
Webinar held on October 3, 2024
Recorded session: Pagero – Recorded session
Understanding the Different Types of e-Invoicing Transactions
Efficiency and Security: e-Invoicing replaces paper processes with digital methods for faster, secure, and efficient invoicing, enhancing business operations. Variety of Transactions: Includes standard invoices, credit...
Malaysia’s Gazette Order: Issuance of Electronic Invoices – What You Need to Know
Malaysia has published a gazette order regarding the issuance of electronic invoices The order outlines the requirements and procedures for issuing electronic invoices in the country This move is aimed at promoting the...
Spain Postpones B2B E-Invoicing Mandate to 2027 Amid Technical Delays and Uncertainty
Spanish government has not set a firm commencement date for B2B e-invoicing mandate Speculation suggested implementation could be pushed back to summer of 2026 On October 1, 2024, government confirmed postponement to...
Nigeria’s New E-Invoicing Rules: Streamlining Tax Compliance with Electronic Invoices and Centralized Platform
Nigeria’s Federal Inland Revenue Service is introducing new electronic invoicing requirements and a centralized repository Plans to introduce standardized format for electronic invoices Invoices will be...
Colombia’s E-Invoicing Obligations Expand to Include More Industries
Colombia has expanded its e-invoicing obligations to more industries The new regulations require companies in additional sectors to comply with electronic invoicing This is part of Colombia’s efforts to modernize...
Demystifying e-invoicing: A guide to electronic invoicing for businesses and government departments
E-invoicing is the exchange of invoice documents between a supplier and a customer in a structured digital format The process involves creating an invoice using specialized software and transmitting it electronically to...
India Launches New Invoice Management System (IMS) for GST Efficiency and Transparency
A new Invoice Management System (IMS) will be launched on the GST portal in India from 1 October 2024 IMS will allow taxpayers to accept, reject, or mark invoices as pending Functionality available for regular taxpayers...
Over NT$2.84 Billion Awarded in Cloud and Electronic Invoice Prizes for July-August 2024 Period
Total prize money for cloud invoices and electronic invoices in July-August 113 exceeded NT$2.84 billion Special prize number for unified invoices drawn on September 25, 113 is “38039158” 113 lucky winners...
Enhanced Efficiency: GSTN Launches New E-Invoice Verifier and e-Services App
GSTN is launching the E-Invoice Verifier App to replace the older e-Invoice QR Code Verifier App The new app offers features such as QR code verification, user-friendly interface, comprehensive coverage, and non-login...
Third Conference on Electronic VAT Registration: SEF and E-Invoicing – October 3, 2024.
Ministry of Finance invites representatives of business entities and other interested parties to attend the third conference on “SEF and electronic VAT registration” on October 3, 2024. The conference will...
UK Government Plans to Introduce E-Invoicing to Boost Efficiency and Combat Fraud
Rachel Reeves has announced the UK’s intention to promote e-invoicing E-invoicing is the process of creating, sending, receiving, and processing invoices in a digital format Tax authorities use e-invoicing to...
UK E-Invoicing Initiative: Boosting Productivity and Reducing Administrative Burdens
UK government plans to encourage increased use of e-invoicing among businesses and government departments Benefits of e-invoicing include reducing administrative burdens, enhancing cash flow, boosting productivity, and...
ZATCA Guidelines for Group 15 Taxpayers on E-Invoicing Integration in Saudi Arabia
ZATCA released updated guidelines for Group 15 taxpayers in Saudi Arabia for e-invoicing integration Businesses with an annual turnover of SAR 4 million or more in 2022 or 2023 must integrate their invoicing systems...