Expansion of E-Invoicing Mandate: Starting January 1, 2025, Hungary will expand its e-invoicing mandate to cover all business transactions in the electricity and natural gas sectors, including suppliers, traders...
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Australia Begins Transition to PINT A-NZ E-Invoicing Standard
Transition to PINT Specification: Australia will transition from the Peppol BIS 3.0 standard to the PINT A-NZ e-invoicing specification, with mandatory compliance for B2G and B2B transactions starting September 15...
6 months ago
Venezuela’s SENIAT Updates Electronic Invoice Guidelines for December 2024
The Venezuelan tax authority SENIAT updated guidance on electronic invoices in December 2024 The update helps eligible taxpayers apply for a license to use digital invoicing It also provides guidance on compliance rules...
6 months ago
Philippines Advances Electronic Invoicing for Top Taxpayers, Aims to Enhance Compliance
The Bureau of Internal Revenue in the Philippines has restarted its electronic invoicing project focusing on the top 100 taxpayers Companies need to prepare their systems for the electronic transition to avoid penalties...
6 months ago
Argentina Implements New E-Invoicing and Voucher Procedures in 2024
Argentina published General Resolution No. 5616/2024 regarding e-invoicing and voucher procedures The resolution mandates recording the exchange rate on receipts for transactions in foreign currencies If a transaction...
6 months ago
Modernizing VAT in South Africa: Boosting Economy and Streamlining Business Operations
South Africa faces a significant VAT compliance gap, costing the economy between R22 billion and R50 billion annually This gap results from tax fraud, errors, and inefficiencies in VAT reporting Lost VAT revenue could...
6 months ago
Italy Delays Electronic Invoicing for Some Healthcare Providers
Italy delays electronic invoicing requirement for some healthcare providers The new rule affects a specific group within the healthcare sector Implementation date for electronic invoicing has been pushed back to allow...
6 months ago
6 months ago
RTC Webinar Recap: The 17th Wave of FATOORA e-Invoicing Compliance in Saudi Arabia
Gratitude to Participants: RTC extends heartfelt thanks to all participants of the “17th Wave of FATOORA” webinar, whether they attended live or plan to watch the sessions later, providing essential...
6 months ago
Worldwide updates on E-Invoicing/Real Time Reporting/SAF-T in December 2024
For the Podcast version on SPOTIFY, click HERE The Overviews Worldwide Upcoming E-Invoicing mandates, implementations and changes – Chronological Timeline of B2B E-Invoicing & E-Reporting mandates in the European...
6 months ago
Serbia’s New Rulebook on VAT Electronic Invoicing: Key Procedures and Codes
The Serbian Tax Administration released a rulebook on electronic invoicing for VAT on December 25 The rulebook addresses the registration process for using the electronic invoice system It details the necessary elements...
6 months ago
ZATCA Sets Criteria for 19th E-Invoicing Wave in Saudi Arabia
Saudi Arabia’s ZATCA sets criteria for 19th wave of e-invoicing integration Eligibility for Group 19 taxpayers based on VAT revenues exceeding SAR 1.75 million in 2022 or 2023 Notification for integration with...
6 months ago
A brief summary of e-invoicing changes introduced on January 1, 2025
E-Invoicing Updates for 2025: As of January 1, 2025, several countries, mainly in Europe and Southeast Asia, will implement significant changes to their e-invoicing regulations, enhancing compliance requirements for...
6 months ago
European Parliament Drafts ViDA Report: VAT Reform and Digital Economy Updates
European Union refines VAT with VAT in the Digital Age package ViDA introduced on December 8, 2022, includes amendments to modernize VAT, enhance administrative cooperation, and clarify VAT schemes Phased implementation...
6 months ago
Cambodia Launches Voluntary B2G e-Invoicing, Pioneering Digital Tax Transformation
Launch of e-Invoicing System: On December 12, 2024, Cambodia’s General Department of Digital Economy (GDDE) initiated the voluntary registration phase of its e-Invoicing system for business-to-government (B2G)...
6 months ago
FBR Advances FMCG Sector Integration with Digital Invoicing System
Introduction of Digital Invoicing for FMCG Sector: On December 17, 2024, the Federal Board of Revenue (FBR) issued STGO No. 2 of 2024, mandating that 107 identified FMCG manufacturers and importers integrate into a...
6 months ago
Colombian Decree No. 1545/2024 Mandates Electronic Invoicing and Tax Obligations
The Colombian President’s Office posted Decree No. 1545/2024 online on December 20 The decree updates regulations for the simplified tax regime known as SIMPLE It mandates taxpayers to adopt electronic invoicing...
6 months ago
FBR Outlines Mandatory Sales Tax Registration Categories for 2024
CJEU ruled on the right to deduct VAT within a group of companies on December 12, 2024 The case involved Romanian company Weatherford Atlas Gip SA, part of a group specializing in petroleum services Weatherford Atlas...
6 months ago
Fiscalization/E-Invoicing Law in Federation of Bosnia and Herzegovina
Draft law on fiscalization of transactions in the Federation of Bosnia and Herzegovina, aiming to modernize and enhance the existing fiscal system. The law mandates the issuance of receipts and the use of electronic...
6 months ago
Electronic Invoicing: incorporation of other VAT taxpayers
Mandatory E-Invoicing Deadline: Resolution No. 2548/2023 set December 31, 2024, as the deadline for all remaining VAT taxpayers in Uruguay to join the Electronic Invoicing regime. From January 1, 2025, all VAT taxpayers...
6 months ago
European Parliament issues draft report on the Council’s draft directive amending ViDA
Approval of Council Draft: The European Parliament approves the Council’s draft directive amending VAT rules for the digital age. Notification Requirement: The Parliament requests that the Council notify it if...
7 months ago
European Standard for Electronic Invoicing Model
Definition and Purpose: This European Standard establishes a semantic data model for electronic invoices, focusing on essential information required for compliance with legislation and ensuring interoperability in...
7 months ago
Cambodia Launches Voluntary E-Invoicing for B2G, Plans B2B and B2C Expansion
Cambodia’s General Department of Digital Economy launched voluntary registrations for a central e-invoicing system on December 12, 2024 The system facilitates electronic invoicing between sellers and buyers...
7 months ago
South Korea’s 2025 VAT Act Amendments: Enhancing Compliance and Supporting Small Businesses
South Korea’s National Assembly accepted a proposal to amend the VAT Act for the 2025 budget The amendment aims to boost digital compliance, prevent tax evasion, and support small businesses Key change includes...
7 months ago
EU ViDA Package: Overview of Digital Reporting Requirements and VAT Directive Amendments
The VAT Expert Group meeting on December 13 invited members to comment on the Digital Reporting Requirements of the ViDA package Comments will aid in preparing future Explanatory Notes or Implementing Regulations A...
7 months ago
Hungarian Decree Mandates E-Invoices for Energy Traders to Non-Residential Users
Hungarian electricity and gas suppliers are required to issue e-invoices Government Decree No 273/2007 mandates that energy traders issue e-invoices exclusively to non-residential users Non-residential users are...
7 months ago
Bosnia and Herzegovina’s New Fiscal Reform: Modernizing Financial Transactions
The Federation of Bosnia and Herzegovina is updating its fiscal system with a new draft law aimed at modernizing financial transactions The current fiscal system has been in place since 2010/2011, governed by the Law on...
7 months ago
European Parliament issues draft report regarding ViDA approval
Progress on ViDA Proposal: Following the unanimous agreement on the VAT in the Digital Age (ViDA) proposal during the ECOFIN meeting on November 5, further advancements have been made, with the European Parliament...
7 months ago
