South Africa is moving towards mandatory e-invoicing for real-time tax reporting The goal is to reduce tax fraud and invoice manipulation Tax fraud costs South Africa between ZAR 22 billion and ZAR 50 billion annually...
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How electronic invoicing works in Paraguay
Update April 2025 Designation of Electronic Invoice Issuers: The National Directorate of Tax Revenues (DNIT) has introduced General Resolution No. 21, categorizing new groups of medium and large taxpayers as electronic...
6 months ago
How the Online Electronic Invoice Regime – FEL of Guatemala works
Decree 31-2024: Changes to electronic invoicing for the primary production and agricultural sector in Guatemala Decree 31-2024 establishes a legal framework to integrate the primary production and agricultural...
6 months ago
Electronic Invoicing in Israel: CTC clearance model
Reduction of VAT Deduction Thresholds: Beginning January 1, 2026, businesses will be required to obtain a tax allocation number for VAT deductions on transactions exceeding 10,000 NIS. This threshold will be further...
6 months ago
Eswatini Seeks Fiscalization Technology (E-Invoicing) Solutions
Request for Proposals Issued: The Eswatini Revenue Service has published a Request for Proposal (RFP) for the development and supply of fiscalization technology, inviting both national and international consultants to...
6 months ago
New Patch-Release of the Franco-German E-Invoice Format published Factur-X 1.07.3 / ZUGFeRD 2.3.3 available now
New Version Released: The Franco-German hybrid e-invoice format has been updated and is now available as Factur-X 1.07.3 and ZUGFeRD 2.3.3. This update, developed collaboratively by the Forum for Electronic Invoicing...
6 months ago
New Zealand Proposes Mandatory E-Invoicing for High-Volume B2G Transactions by 2026
New Zealand proposes an update to Rule 44 for e-invoicing in B2G transactions Public agencies with over 2,000 domestic trade invoices annually must process e-invoices Large suppliers should be required to submit e...
6 months ago
ecosio Webinar: What Makes a Successful E-invoicing RFP? (May 22)
REGISTER HERE What we’ll cover Given the growing significance of e-invoicing, choosing an efficient and future-proof solution is a hugely important decision. But in order to select the right solution, you not only...
6 months ago
Poland’s MoF Publishes Draft Amendment to VAT Act for Mandatory E-Invoicing System KSeF
Poland’s Ministry of Finance published a draft amendment to the VAT Act for mandatory e-invoicing (KSeF) on 11 April 2025. Public consultation ended on 25 April 2025; KSeF 2.0 interface software and logical...
6 months ago
ViDA’s Single VAT Registration: Simplifying EU Business Compliance with New Rules by 2028
ViDA aims to limit VAT registrations to a business’s Member State of establishment in the EU. New rules start on 1 July 2028, but some businesses may still need multiple registrations. Single VAT registration...
6 months ago
Institute Recommends Voluntary E-Invoicing with Incentives, Aligning UK Policy with EU Standards
E-invoicing should be voluntary, not mandatory, according to the Institute’s Northern Ireland Tax Committee. The UK e-invoicing regime should be decentralised and aligned with EU-level agreements on the Digital...
6 months ago
Mastering Polish Invoicing: Navigate Regulations, E-Invoicing, and the KSeF System
The article discusses invoicing in Poland, focusing on regulations and electronic invoicing. It highlights the transition to the mandatory KSeF system for e-invoicing. Key elements of Polish invoicing include VAT...
6 months ago
E-Invoicing & E-Reporting developments in the news in week 19/2025
New LinkedIn Group: Global E-Invoicing & Real Time Reporting developments Follow the latest updates on E-Invoicing and Real Time Reporting on www.vatupdate.com and the LinkedIn pages on E-Invoicing/Real Time...
6 months ago
Hungary’s 2025 E-Invoicing Law: Enhancements and Compliance Requirements
The Hungarian Tax Authority has published draft legislation to amend e-invoicing requirements, set to take effect on July 1, 2025, pending approval. The draft is currently open for taxpayer consultation and software...
6 months ago
e-Invoice and UBL-TR Guide Update from GİB
The Turkish Revenue Administration (GİB) announced updates to the e-Invoice Package and UBL-TR (Code Lists) Guide on April 28, 2025. These updates will take effect on May 2, 2025. Updated documents can be accessed on...
6 months ago
Saudi Arabia Enforces Stricter Rules for Credit/Debit Notes: 15-Day Compliance Deadline Introduced
In a major overhaul of its VAT Implementing Regulations, the Zakat, Tax and Customs Authority (ZATCA) has introduced stricter rules governing the issuance of credit and debit notes, aligning them with the timelines...
6 months ago
ICAEW Recommends Voluntary E-Invoicing Adoption, Mandation Delayed Until 2030 for UK Businesses
ICAEW recommends voluntary adoption of e-invoicing, delaying mandatory implementation until at least 1 January 2030. The consultation explores whether e-invoicing should be mandatory and the potential for real-time data...
6 months ago
Peppol vs EDI: Which e-invoicing solution is right for your business?
Understanding EDI and Peppol: Electronic Data Interchange (EDI) involves tailored agreements between specific trading partners for exchanging business data, while Peppol is an international network utilizing...
6 months ago
The rise of e-invoicing CTC models across the world
Definition and Importance of CTC: Continuous transaction controls (CTC) are systems that allow tax authorities to monitor business transactions in real time, helping to reduce tax evasion and improve compliance. By...
6 months ago
Info package for ZUGFeRD 2.3.3 is now available for you to download free of charge
New Version Release: ZUGFeRD 2.3.3 has been released to ensure alignment with the French Factur-X 1.07.3, enhancing international compatibility for E-invoicing. Profile Validation Changes: The EXTENDED profile in...
6 months ago
US Multinationals Must Adapt to EU VAT Reforms and Mandatory E-Invoicing
US multinationals need to adjust VAT compliance due to EU VAT reforms and mandatory e-invoicing. VAT impacts US companies internationally, with potential overpayments reclaimable as VAT refunds. Changes aim to combat...
6 months ago
Latvia Proposes Postponing B2B E-Invoicing Mandate to January 2027 for Better Preparation
Latvian parliament proposes delaying B2B e-invoicing mandate to 1 January 2027 Draft law submitted in April to Budget and Finance Committee Delay aims to give taxpayers more preparation time Ensures necessary procedures...
6 months ago
April 2025 VAT Updates: Key Legal Changes and Developments
New VAT regulations and events in April 2025 Draft regulations for mandatory e-invoicing (KSeF) published E-invoicing mandatory from February 2026 for large taxpayers, April 2026 for others Transitional periods for...
6 months ago
Pakistan Extends Deadline for Sales Tax Invoice Electronic Integration by One Month
The Federal Board of Revenue (FBR) in Pakistan has announced a one-month extension for taxpayers to integrate with the e-invoicing system, adjusting deadlines for compliance. Corporate-registered taxpayers must now...
6 months ago
The Ministry of Finance published an official draft of schema FA_VAT (3)
On May 8, the Ministry of Finance published the draft schema FA_VAT (3), set to replace the previous version FA (2) and to take effect on February 1, 2026. Accompanying the draft, additional documentation has been made...
6 months ago
Latvia Considers Postponing E-Invoicing Mandate
The bill “Amendments to the Accounting Act” was introduced to extend the implementation timeline for structured e-invoices by one year, allowing entrepreneurs and software developers more time to adapt to...
6 months ago
SDK 1.0 Release
Lembaga Hasil Dalam Negeri Malaysia has provisioned SDK 1.0 Release to help taxpayers in preparing for the upcoming MyInvois System. SDK Updates section below highlights key updates as part of this release. Base URLs In...
6 months ago
Unlock Essential Insights into Germany’s E-Invoicing Compliance
Overview of E-Invoicing Regulations: The e-book provides a clear explanation of Germany’s current and forthcoming e-invoicing regulations, highlighting key compliance guidelines that businesses must follow...
6 months ago
