PM Shehbaz wants artificial intelligence for customs clearance Faceless customs system to be shifted to artificial intelligence Review meeting chaired by PM Shehbaz on matters related to FBR Implementation of faceless...
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E-Invoicing & E-Reporting developments in the news in week 2/2025
New LinkedIn Group: Global E-Invoicing & Real Time Reporting developments Click HERE for the PODCAST version discussing ”E-Invoicing & E-Reporting developments in the news in week 2/2025” Follow the latest...
6 months ago
Slovakia to Implement Mandatory E-Invoicing for VAT Taxpayers by 2027
Slovakia will require mandatory e-invoicing for VAT taxpayers starting January 1, 2027 Invoices must be issued and received in a specific electronic format for automatic processing The requirement applies to domestic...
6 months ago
Slovakia’s VAT Modernization: Mandatory e-Invoicing Proposal for Better Tax Compliance
Slovakia is proposing mandatory e-invoicing and real-time invoice data reporting to improve tax compliance The proposal aims to reduce tax evasion and increase efficiency in tax collection Key points of the proposed...
6 months ago
Vietnam’s New E-Invoicing Rules: Impact on E-Commerce Platforms and Sellers
The Vietnamese government has updated e-commerce regulations to improve tax compliance and streamline invoicing for online transactions. E-commerce platforms are now empowered to issue electronic invoices on behalf of...
6 months ago
2025 VAT Franchise Scheme: Key Points on New Decree for Businesses in Europe
Decree n° 2024-1195 of December 21, 2024 harmonizes tax regimes in Europe New VAT franchise regime effective from January 1, 2025 Allows French companies to benefit from VAT franchise in other EU countries European...
6 months ago
Venezuela: SENIAT Introduces New Digital Invoicing Guidelines for Businesses – January 10, 2025
SENIAT introduces new digital invoicing guidelines for businesses in Venezuela Guidelines clarify rules for issuing invoices, credit notes, debit notes, and delivery orders using electronic means Public and private...
6 months ago
Ensuring Compliance: Connecting Billing Systems with Spanish Tax Administration (AEAT) in VeriFactu Mode
Companies not using VeriFactu mode must ensure their billing systems can connect with AEAT Compliance with fiscalization rules is required Source: fiscal-requirements.com Note that this post was (partially) written with...
6 months ago
Greenland Government Mandates Digital Invoices for Public Transactions Starting March 2025
Government of Greenland mandates digital invoices for all legal and natural persons Digital invoice defined as structured electronic format Document types covered: invoices, credit notes, reminders, business receipts...
6 months ago
UAE eInvoicing Programme: Digital Transformation for Enhanced Compliance and Economic Growth by 2026
Introduction to eInvoicing: eInvoicing involves the exchange of invoice documents between a supplier and a buyer in an integrated electronic format, allowing for automatic and electronic processing. eInvoices must be...
6 months ago
E-invoicing in the Dominican Republic, how to use it
Implementation of E-Invoicing: The Dominican Republic’s Government issued Decree 587-24, regulating key aspects of Law No. 32-23 on electronic invoicing, which aims to enhance tax collection and streamline...
6 months ago
New eDavki Service Indicates VAT Submission Status with Traffic Light System
A new online service on eDavki allows users to check if a specific taxpayer has submitted their VAT return for a given period and whether the submission deadline has passed The service uses a traffic light system to...
6 months ago
Saudi Tax Authority Announces Criteria for 19th VAT E-Invoicing Integration Wave
The Saudi General Authority of Zakat and Tax announced the selection criteria for the nineteenth wave of VAT e-invoicing system integration on December 27, 2024 The nineteenth wave starts on September 30 and includes...
6 months ago
China’s Q4 Economic Highlights Revealed by Latest VAT Invoice Data
China’s economic performance in Q4 2024 showed six highlights based on VAT invoice data from the State Taxation Administration Manufacturing sector accelerated with equipment manufacturing playing a strong...
6 months ago
Senegal to impose mandatory electronic invoicing
Mandatory E-Invoicing Legislation: Senegal’s Finance Bill of 2025 will make electronic invoicing mandatory for all taxable persons, ending the previous voluntary adoption and requiring invoices to be sent in a...
6 months ago
Peppol Authority for France to be created
Establishment of Peppol Authority: France will establish its own Peppol Authority in the coming months, marking a significant milestone in the development of the French CTC (Continuous Transaction Control) mandate, with...
6 months ago
Migration plan for the Q4 2024 PINT Billing released
Approval of Peppol PINT Specifications: The Change Management Board has approved the Q4 2024 release of the Peppol PINT specifications, which will become mandatory on March 10, 2025. Implementation Timeline: The...
6 months ago
Hungary Expands E-Invoicing Mandate to All Electricity and Gas Transactions from 2025
Starting January 1, 2025, Hungary will require e-invoicing for all business transactions in the electricity and natural gas sectors This mandate is based on Government Decree No. 273/2007 for electricity and Decree No...
6 months ago
Romania Expands eFactura to B2C, Sets Soft-Landing Period till March 2025
Romania will extend its electronic invoicing system eFactura to include business-to-consumer transactions starting 1 January 2025 This applies to both VAT-registered resident and non-resident businesses Businesses can...
6 months ago
Estonia Sets 2027 Launch for Mandatory B2B E-Invoicing to Curb VAT Fraud
Estonian tax authorities updated the mandatory e-invoicing rollout for December 2024 New launch date set for 2027 for domestic B2B transactions New regime applies only to resident businesses in Estonia Businesses must...
6 months ago
Germany’s 2025 E-Invoicing Mandates: Deadlines and Compliance Essentials
Germany implemented mandatory e-invoicing from January 1, 2025 E-invoices must be in a structured electronic format that allows electronic processing E-invoices must comply with the European standard CEN standard 16931...
6 months ago
Future of VAT Post-ViDA: VEG Report Proposes System Overhaul for EU Growth
The VAT Expert Group of the European Commission released a report on 16 December 2024 discussing the future of VAT post-ViDA package The report explores the long-term prospects of an EU VAT system and examines the...
6 months ago
Denmark to Implement OIOUBL 3 E-Invoicing Updates in 2025
Denmark will implement the OIOUBL 3 Invoice Package for e-invoicing, introducing enhanced compliance, interoperability, and alignment with European standards starting November 15, 2025. Key updates include clearer...
6 months ago
Key 2025 GST E-Way Bill and E-Invoice System Updates
Significant updates to GST E-Way Bill and E-Invoice systems effective from January 2025 Aim to improve compliance, security, and integration of transportation systems1. Stricter rules for document dates in E-Way Bill...
6 months ago
Legislative changes regarding RO e-Invoice, RO e-VAT, excise duties and RO e-Transport
RO e-Invoice Requirements: Under the amended regulations, the RO e-Invoice for business-to-government (B2G) transactions must include corresponding CPV codes. Simplified invoices will now also be subject to mandatory...
6 months ago
Argentina Introduces VAT Itemization Mandate
Mandate Overview: The Agencia de Recaudación y Control Aduanero (ARCA) requires large taxpayers to itemize VAT and indirect taxes on invoices, with full compliance needed by April 1, 2025. Implementation Timeline: The...
6 months ago
France Publishes Version 3.0 of the External Specifications for e-Invoicing
Implementation Timeline: The French administration’s version 3.0 of the External Specifications outlines the conditions for mandatory electronic invoicing among VAT payers, set to begin on September 1, 2026, with...
6 months ago
Estonia Prepares for B2B E-Invoicing by 2027
Proposed Reforms: The Estonian Ministry of Finance has proposed two key reforms to enhance its tax system: eliminating the €1,000 threshold for transaction reporting and mandating electronic invoicing for all business...
6 months ago
