The National Tax Service from Bolivia, SIN, published a new resolution to extend the timeline for starting to issue only electronic documents for the ninth group of taxpayers. Starting 1 March 2025, taxpayers belonging...
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How electronic invoicing works in Costa Rica
New Resolution on Technical Provisions for Electronic Vouchers: Version 4.4 This regulation introduces version 4.4 of the Annexes and Structures of the electronic invoice, granting taxpayers a six-month period, starting...
7 months ago
Hungary to Implement Mandatory E-Invoicing for Energy Sector by 2025
Mandatory E-Invoicing Introduction: Starting January 1, 2025, Hungary will require mandatory e-invoicing for all non-consumer transactions in the electricity and natural gas sectors, affecting suppliers, traders...
7 months ago
Mandatory e-Invoicing for B2C in Romania from 1.1.2025: What You Need to Know
Mandatory e-Invoicing for B2C in Romania from 1.1.2025 Change in invoicing rules towards end customers in Romania Introduction of mandatory e-Invoicing for reporting data from issued tax documents Previously, e...
7 months ago
Germany’s Ministry of Finance FAQs on Mandatory E-Invoicing: What You Need to Know
German Ministry of Finance published FAQs on mandatory e-invoicing introduction Electronic invoices required for transactions between domestic entrepreneurs starting January 1, 2025 Transitional provisions allow for...
7 months ago
Introduction of compulsory e-invoicing in Germany – final decree published
The Growth Opportunities Act mandates e-invoicing (E-Rechnung) for B2B transactions in Germany from January 1, 2025, with staggered transition periods extending the obligation to issue e-invoices for most businesses...
7 months ago
E-Invoicing & E-Reporting developments in the news in week 47/2024
Click HERE for the PODCAST version discussing ”E-Invoicing & E-Reporting developments in the news in week 47/2024” Follow the latest updates on E-Invoicing and Real Time Reporting on www.vatupdate.com and...
7 months ago
ecosio Webinar: E-invoicing in Singapore (Dec 6)
Register HERE Friday, 6. December 2024 – 10:00 AM – 10:30 AM GMT What we’ll cover In recent years, Singapore has embraced e-invoicing as part of its digital transformation strategy. With the launch of...
7 months ago
Common Errors in E-Invoicing
Incorrect Data Entry: Errors like inaccurate tax rates or missing mandatory fields can cause compliance issues or payment delays. Solution: Implement validation mechanisms in software, train employees on data accuracy...
8 months ago
Greenland’s Digital Invoicing Regulation: Effective March 1, 2025 for Public Entities
E-invoicing for public entities in Greenland will be mandatory from 2025 All legal and natural persons must send a digital invoice when delivering goods or services to a public authority The technical format for digital...
8 months ago
Greenland Mandates E-Invoicing for Public Entities Starting in 2025
Greenland is part of the Kingdom of Denmark but has a high degree of autonomy Greenland has its own government, parliament, and manages most of its internal affairs Denmark handles foreign policy and defense for...
8 months ago
Scheduled Maintenance on UBD and KMDOR Test Environments – 26.11.2024 from 11:00 to 15:00
Scheduled maintenance work on the test environments of UBD and KMDOR gateways On 26.11.2024 from 11:00 to 15:00 the test environment of UBD and KMDOR gateways will be unavailable Apologies for any inconvenience caused...
8 months ago
Ensuring E-Invoice Compliance for Cross-Border Trade in Germany
Growth Opportunity Act Signed into Law: On March 27, 2024, the German president signed the Growth Opportunity Act, which introduces mandatory electronic invoicing (e-invoicing) for domestic business-to-business (B2B)...
8 months ago
A Step-by-Step Guide to Implementing E-Invoicing in Malaysia for 2025
Mandatory E-Invoicing Implementation: The Inland Revenue Board of Malaysia (IRBM) announced mandatory e-invoicing for all businesses, starting with a pilot phase on May 1, 2024, and becoming mandatory for all taxpayers...
8 months ago
E-Invoicing for B2B vs. B2G Transactions in Germany: Key Differences and Benefits
Mandatory B2B and B2G E-Invoicing: Germany is moving towards mandatory electronic invoicing for all businesses, expanding from its existing B2G e-invoicing mandate. By January 1, 2025, all companies must be able...
8 months ago
Classic EDI vs Network Interoperability
Classic EDI involves direct, point-to-point connections between two parties, making it ideal for specific, industry-related interoperabilities. This approach guarantees inherent security and reliability but comes with...
8 months ago
A Brief History of Peppol
Peppol started as a European Commission initiative (2008-2012). The initiative has since transformed into the global non-profit association OpenPeppol, and has also led to the development of the Peppol network, which...
8 months ago
Japan Updates Peppol Specifications for International Invoicing
Alignment with Peppol Standards: Japan released updates on June 1, 2024, aligning its invoicing specifications with Peppol PINT BIS Billing version 1.0.2 to enhance compliance and efficiency in cross-border invoicing...
8 months ago
Comarch Webinar: Global E-Invoicing Mandates – Trends, Strategies & Key Deadlines (Dec 3)
Register HERE When: Tuesday, December 3rd 2024 – 9:00 AM (CET) Discover key strategies to successfully implement e-invoicing in your company! In response to the increasing global trend toward digitalization, many...
8 months ago
New Zealand: e-Invoicing to Become Standard for B2G Transactions by 2026
Key Requirements Effective January 1, 2026: Government agencies in New Zealand must implement e-invoicing systems if they issue or receive over 2,000 domestic trade invoices annually. This includes capabilities for both...
8 months ago
The European Council Reaches Consensus on the ViDA Proposal
Approval After Extensive Deliberation: The latest version of the ViDA proposal has been approved after extensive discussions and revisions, focusing primarily on adjusting timelines to clarify the proposal’s...
8 months ago
E-invoicing for public entities in Greenland will come into effect in 2025
Mandatory E-invoicing for Public Sector: Starting from 1 March 2025, the Government of Greenland mandates that all legal and natural persons must send digital invoices when delivering goods or services to public...
8 months ago
Germany: B2B E-Invoicing Updates
On 15 October 2024, Germany’s Ministry of Finance (BMF) published the final version of the official guidance concerning the issuance of invoices under Section 14 of the German VAT Act (UStG). This guidance clarifies the...
8 months ago
Navigating Foreign VAT Compliance for Distance Sales and Digital Services
As cross-border commerce grows, understanding VAT (Value Added Tax) compliance for distance sales of goods and electronically supplied services (ESS) is crucial for businesses selling to consumers across Europe and...
8 months ago
Spain Approves Invoicing Software Specifications for Taxpayers not Using Electronic VAT System
A legal instrument has come into force that imposes the technical, functional and content specifications needed to support invoicing processes and standards for invoicing data formats in Spain.
Source: Orbitax
8 months ago
Costa Rica Establishes New Regulations on Electronic Invoices
Costa Rica published Executive Decree No. 44739-H in the Official Gazette on 8 November 2024. The Decree establishes new regulations on electronic invoices (e-invoices) for tax purposes that update and replace the...
8 months ago
Singapore Publishes Summary of Responses on Draft GST Guide on Adopting InvoiceNow Requirement for GST-registered Businesses
The Inland Revenue Authority of Singapore has published a summary or responses to the draft e-Tax guide on the adoption of InvoiceNow for GST-registered businesses, which is an e-invoicing network…
Source: Orbitax
8 months ago
Update – Latvia Introduces Mandatory B2B and B2G e-Invoicing and Reporting Requirements
Latvia has published the Law on Amendments to the Accounting Law in the Official Gazette. As previously reported, the amendments provide for the introduction of mandatory electronic invoicing (e-invoicing) requirements...
8 months ago
