Register HERE Thursday, 21. November 2024 – 10:00 AM – 10:30 AM GMT What we’ll cover The German government recently decided to make electronic invoicing in the B2B sector mandatory in stages from 1...
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Spain approves invoicing software specifications for taxpayers not using electronic VAT system
Spain has approved Order HAC/1177/2024, which came into force on 29 October 2024, detailing technical, functional, and content specifications for new invoicing software (IS) required for certain businesses not using the...
8 months ago
Implementing InvoiceNow: IRAS Response to Public Consultation on GST e-Tax Guide
IRAS conducted a Public Consultation on the draft e-Tax Guide “Adopting InvoiceNow Requirement for GST-registered Businesses” Received over 400 comments from 60 respondents on various topics Topics included...
8 months ago
Costa Rica Introduces New E-Invoice Regulations for Tax Compliance
Costa Rica published Executive Decree No. 44739-H on 8 November 2024 The Decree establishes new regulations on electronic invoices for tax purposes These regulations update and replace the previous regulations from...
8 months ago
Liechtenstein Fiscal Authority Announces Mandatory eVAT Requirements Effective Jan. 1, 2025
Liechtenstein Fiscal Authority issued announcement on mandatory electronic VAT requirements Effective Jan. 1, 2025 All VAT transactions must be done via new eVAT portal Taxpayers can submit transactions in paper form...
8 months ago
Bolivia Expands E-Invoicing Requirements for Taxpayers
Bolivia’s National Tax Service has published a new resolution, requiring a new group of taxpayers to issue only electronic tax documents starting from March 1, 2025, as part of its efforts to modernize tax processes...
8 months ago
Spain Updates E-Invoicing Standards with Order HAC/1177/2024
On October 17, 2024, Spain published Order HAC/1177/2024, providing updated technical guidelines for businesses and professionals using electronic invoicing systems, as announced in the Spanish Official State Gazette...
8 months ago
Germany Publishes Final Regulatory Guidance for Upcoming E-Invoicing Mandate
The German Ministry of Finance (BMF) released the final regulatory guidance for the mandatory e-invoicing mandate set to take effect in 2025, including updates and clarifications from the draft version. Key changes...
8 months ago
UAE Introduces Legislative Amendments to Support E-Invoicing Mandate
The UAE Ministry of Finance issued updates through Federal Decree-Law No. 17 of 2024 and Federal Decree-Law No. 16 of 2024 to support the upcoming e-invoicing mandate, reflecting the nation’s commitment to...
8 months ago
Latvia mandates e-invoicing with amendments to the Accounting Law published
From 1 January 2025, resident business and budget entities in Latvia must send e-invoices for contracts signed from this date, with B2G e-invoicing mandatory for resident companies and budget entities. A transition...
8 months ago
ZATCA announced the seventeenth wave of taxpayers required to comply with Phase 2 of the e-invoicing mandate
Taxpayers with annual revenue exceeding SAR 2.5 million (approximately EUR 616,000) in 2022 or 2023 must integrate with the FATOORA platform by 31 July 2025 to comply with Phase 2 of Saudi Arabia’s e-invoicing...
8 months ago
RTC Webinar – Beyond Compliance: A Complete Approach to e-Invoicing and e-Reporting (Nov 27)
Register HERE RTC and MSG are excited to invite you to a webinar designed to transform your understanding of e-Invoicing and e-Reporting. Join us as we explore innovative strategies and practical solutions to tackle...
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
Factur-X 1.07/ZUGFeRD 2.3 Updated for Hybrid E-Invoicing as of November 15, 2024
New Release: Factur-X 1.07.2 and ZUGFeRD 2.3.2 applicable from November 15, 2024. Hybrid E-Invoice Standard: Combines PDF for readability and XML for automation, conforming to EN 16931. Multiple Data Profiles: Includes...
8 months ago
Slovakia’s New Electronic Transaction Control Statement for VAT Reporting: A Step Towards Mandatory E-Invoicing
Slovakia introduced electronic transaction control statement report from 1 January 2024 Required in support of VAT return, filled monthly or quarterly Applies to resident and non-resident businesses Currently uploaded...
8 months ago
Boosting South Africa’s Economy Through Modernising VAT: Lessons from Global Implementations
Modernizing South Africa’s VAT system can boost the country’s economy Businesses can contribute to improving the country’s fiscus by modernizing their VAT reporting systems South Africa’s current...
8 months ago
Latvia Implements Mandatory B2G and B2B e-Invoicing Under Amended Accounting Law
Amendments to the Accounting Law in Latvia introduce mandatory e-invoicing E-invoicing will be mandatory in the B2B sector for goods and services starting from 1 January 2026 B2G e-invoicing will be mandatory for...
8 months ago
Changes in Consumer Invoicing through KSeF: Impact and Implementation Details
KSeF will change the way invoices are issued for consumers Sellers will be able to issue consumer invoices through KSeF Consumers will receive either a visualization of the invoice or the necessary data to identify the...
8 months ago
Poland’s Draft KSeF Amendments: Public Consultation Open Until 22 November 2024
Poland’s Minister of Finance published a draft amendment to the VAT Act regarding the National e-Invoice System (KSeF) Public consultation on the draft amendments, logical structures for e-invoices, and white...
8 months ago
Latvia Mandates E-Invoicing with Amendments to the Accounting Law Published
On 12 November 2024, the amendments to the Accounting Law were promulgated, confirming the introduction of the electronic invoicing obligation in the country. Mandatory Electronic Invoicing: As of 1 January 2025, B2G e...
8 months ago
Bosnia and Herzegovina to Introduce Mandatory E-Invoicing and Reporting for Online Transactions
The government of Bosnia and Herzegovina has reportedly proposed the introduction of mandatory electronic invoicing and reporting requirements to combat tax fraud, especially in relation to sales via the internet and...
8 months ago
Australia E-Invoicing PINT A-NZ Adopted
The phased introduction of the PINT A-NZ specification of OpenPeppol standard e-invoicing has started. This replaced the ANZ Peppol BIS 3.0 specification from 15th September 2024. The format is obligatory for B2G e...
8 months ago
A Proposal for VAT in the Digital Age (ViDA) has been Approved
The EU’s Economic and Financial Affairs Council (ECOFIN) has approved the Value Added Tax in the Digital Age (ViDA) proposal, aiming to modernize VAT rules and combat tax fraud.
Source: www.fiscal-requirements.com
8 months ago
Summary of E-Invoicing and E-Reporting in Denmark
E-invoicing is mandatory for B2G transactions in Denmark, with digital reporting regulations introduced in 2023, requiring entities to register systems by October 2023 for compliance starting January 2024. Denmark uses...
8 months ago
E-Invoicing & E-Reporting developments in the news in week 46/2024
Click HERE for the PODCAST version discussing ”E-Invoicing & E-Reporting developments in the news in week 46/2024” Follow the latest updates on E-Invoicing and Real Time Reporting on www.vatupdate.com and...
8 months ago
ZATCA’s 17th Wave of Taxpayers
Wave 17 Criteria
The Zakat, Tax and Customs Authority (ZATCA) has announced the criteria for selecting taxpayers in the 17th Wave of the Integration Phase of e-invoicing.
Source: SNI
8 months ago
Updated ViDA Implementation Timeline
Following the approval of ViDA (VAT in the Digital Age), we are pleased to share the updated ViDA implementation timeline. Additional Details July 2030: mandatory platform economy changes and DRR/e-invoicing obligations...
8 months ago
ViDA: E-Invoicing and Digital Reporting
After two years of negotiations, the EU member states adopted the ViDA package. ViDA stands for VAT in the Digital Age. With the ViDA package, the EU aims to better equip the VAT system for the digital world we live in...
8 months ago
