Complexities of E-Invoicing Compliance: The blog series concludes by addressing the challenges multinational companies face with e-invoicing and Continuous Transaction Controls (CTCs) due to the absence of international...
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What is e-Invoicing Under GST? Applicability, Limit, Rules & Implementation Date
E-Invoicing Implementation and Applicability: E-invoicing under GST mandates certain GST-registered businesses to generate electronic invoices for Business-to-Business (B2B) transactions. As of August 2023, businesses...
3 months ago
Mandatory e-Invoice for individuals: 4 key aspects to remember
Mandatory Submission of B2C Invoices: Starting January 1, 2025, economic operators must submit invoices issued for B2C transactions in the national RO e-Invoice system. This does not mean all transactions with...
3 months ago
Simplified E-Invoice Storage Rules for Small Business Owners in 2025
Since 2025, small businesses in Germany are required to receive and archive electronic invoices (E-Rechnungen). These e-invoices must be kept for eight years, with the structured data stored in an unaltered and machine...
3 months ago
ViDA Package: Mandatory E-Invoicing and Digital Reporting for EU B2B Transactions by 2030
ViDA package introduces mandatory electronic invoicing and digital reporting requirements for businesses. Companies must issue invoices in a standardized electronic format and transmit transaction data to tax...
3 months ago
India’s GST E-Invoicing: 30-Day Deadline for B2B, B2C Expansion by 2027
From April 1, 2025, Indian businesses with turnover over ₹10 crore must report B2B e-invoices within 30 days to retain GST input credit Invoices are validated through the IRP, which issues a unique code and QR for...
3 months ago
Share Your Views on E-Invoicing and 2026 Inheritance Tax Relief Changes
The Institute is seeking views on e-invoicing and changes to agricultural and business property relief. Consultations include promoting e-invoicing across UK businesses and public sector, and reforms to inheritance tax...
3 months ago
ViDA package: the third pillar – single VAT registration
Single VAT Registration: This is the final component of the ViDA package, set to be implemented from July 1, 2028, ahead of the other two pillars (DRR and Platform Economy). It aims to reduce the need for taxpayers to...
3 months ago
EU VAT Reforms Tracker 2025 to 2035
The EU is undertaking an extended program of reforms to its Value Added Tax regime. This commenced with the 2016 Tax Action Plan, containing over ten reforms included the later separated 1 July 2021 e-commerce VAT...
3 months ago
Luxembourg to Update E-Invoicing Laws, Aligning with ViDA and Peppol by 2030
Legislation for light-touch B2B electronic invoices requirements and ViDA Source: vatcalc.com Note that this post was (partially) written with the help of AI. It is always useful to review the original source material...
3 months ago
Optimizing Integration and E-Invoicing: The Canonical Format’s Role in Efficiency and Compliance
Canonical format optimizes data integration and electronic invoicing by standardizing information from various systems. It ensures data is presented in a coherent format, reducing errors and improving system...
3 months ago
Sweden Adopts Peppol e-Invoicing for Customs Duties Starting April 2025
Sweden will implement a new invoicing system for customs duties starting April 6, 2025. The current XML-based system will be replaced by the Peppol format. Peppol is an international standard for secure and efficient...
3 months ago
Angola to Implement E-Invoicing and Incentivize Invoice Requests with Prize System
Angola is set to implement e-invoicing and a prize invoice system. Presidential Decree No. 71/25 establishes the legal framework for tax invoices. The proposal was reviewed at the Economic Commission meeting led by...
3 months ago
Timely Completion of Electronic Invoices Required for Goods and Services Provided
Electronic invoices must be completed on time Invoices should be issued on the calendar date when goods are delivered or services are provided Invoices are submitted once at the end of the calendar month for operations...
3 months ago
Austria’s E-Invoicing: Mandatory B2G Compliance, Voluntary B2B Adoption, and European Standards Alignment
Austria mandates e-invoicing for B2G transactions at the federal level since 2014 Suppliers must use Peppol network or e-rechnung.gv.at platform with Peppol BIS 3.0 or ebInterface formats E-invoicing is voluntary for...
3 months ago
E-invoicing Basics for Compliance Professionals: Part 1
A notable trend has emerged over the past few years as tax authorities worldwide embrace the shift to a fully digital economy. This transition is marked by the increasing implementation of e-invoicing systems and...
3 months ago
e-Invoicing Overview
Austria has established a structured approach to electronic invoicing (e-invoicing), particularly in transactions involving public administrations. Since 2014, following the enactment of the IKT Konsolidierungsgesetz...
3 months ago
OIOUBL 3.0 Final Release Postponed to October 2025
Postponement of OIOUBL 3.0 Release: The Danish Business Authority has delayed the final release of the OIOUBL 3.0 invoice package from the initially planned date of April 10, 2025, to October 2025 due to the need for...
3 months ago
The main reference databases on VAT/GST/Sales & Use Tax
Latest update: April 4, 2025 GEOGRAPHIC Worldwide EY Worldwide VAT, GST and Sales Tax Guide 2025 EY Worldwide VAT, GST and Sales Tax Guide 2024 EY Worldwide VAT, GST and Sales Tax Guide 2023 EY Worldwide VAT, GST and...
3 months ago
Denmark Extends Digital Bookkeeping Requirements and Delays OIOUBL 3 Release
Expansion of Digital Bookkeeping Mandate: In March 2025, Denmark’s Business Authority issued new executive orders that extend the digital bookkeeping obligation to more entities, including sole proprietorships...
3 months ago
Danish Business Authority Delays OIOUBL 3.0 E-Invoicing Release to October 2025
Danish Business Authority delays OIOUBL 3 e-invoicing release to October 2025 New release was initially scheduled for 10 April 2025 Announcement made on 27 March 2025 Delay due to requests for further analysis Source:...
3 months ago
New Launch Timetable for Veri*factu Announced: Businesses by Jan 2026, All Others by July 2026
Council of Ministers announced new launch timetable for Verifactu Businesses subject to corporate income tax start on 1 Jan 2026 All other taxpayers start on 1 July 2026 Source: vatcalc.com Note that this post was...
3 months ago
Spain Delays VeriFactu Billing System Implementation to 2026, Exempts SII Self-Billing Companies
The Spanish Council of Ministers approved a Royal Decree delaying the VeriFactu billing system to January 1, 2026. The deadline for POS software providers remains July 29, 2025. Companies using the Immediate Supply of...
3 months ago
Portugal Extends B2G e-Invoicing Deadline for SMEs to December 31, 2025
Portugal has delayed the mandatory B2G electronic invoicing for small, medium, and microenterprises The new compliance deadline is December 31, 2025 Businesses can use alternative invoicing methods until the new...
3 months ago
Chile Mandates Printed E-Invoices and Receipts for Customers Starting May 2025
Chile’s SII issued Resolution No. 12 requiring printed e-invoices and e-receipts for customers starting May 1st, 2025 Applies to transactions via cash, bank transfers, debit, or credit cards Businesses must...
3 months ago
Denmark’s 2025 E-Invoicing System: NemHandel Platform and Digital Bookkeeping Compliance Overview
Denmark mandates B2G e-invoices via NemHandel platform using OIOUBL standard Compliance with European standard EN-16931 required since April 2019 Danish Bookkeeping Act requires Digital Bookkeeping Systems for e...
3 months ago
Saudi Arabia Announces Criteria for 22nd Wave of VAT E-Invoicing Integration
Saudi Arabia announced criteria for the twenty-second wave of VAT e-invoicing integration. The integration is part of the electronic invoicing mandate. The wave starts by December 31, 2024. Applies to taxpayers with VAT...
3 months ago
India’s GST Council Reduces E-Invoicing Reporting Threshold to 30 Days for Businesses Over ₹10 Lakh
India’s GST Council is reducing the reporting time for e-invoicing New rule applies from 1 April 2025 Businesses with turnover above ₹10 per annum must comply Invoices must be submitted within 30 days of issuance...
3 months ago
