This session focused on the upcoming changes in the German e-invoicing mandate, highlighting key deadlines and compliance requirements of which every business needs to be aware. In this article, we address the questions...
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ViDA adopted – for the Polish legislator it means many challenges and decisions to make
Agreement Reached on ViDA Package: After nearly two years of negotiations, the Council reached an agreement on the ViDA package on November 5th. The package includes significant changes like digital reporting (Pillar...
8 months ago
Latvia Implements Mandatory E-Invoicing Law for B2B Transactions from 2026
Latvia has gazetted a mandatory e-invoicing law Businesses must use e-invoicing for all B2B transactions from 1 January 2026 The amendments will go into effect on 1 January 2025 The Cabinet of Ministers will establish...
8 months ago
Bosnia and Herzegovina’s Proposal for Mandatory E-Invoicing to Combat Tax Fraud
Bosnia and Herzegovina proposes mandatory e-invoicing to combat tax fraud Specifically targeting sales conducted through the internet and digital platforms Rules are in line with EU Directive 2014/55 on electronic...
8 months ago
Revised PINT A-NZ e-Invoicing Specification Implementation Timeline: Key Dates and Changes
PINT A-NZ specification of OpenPeppol standard e-invoicing will replace ANZ Peppol BIS 3.0 specification from 15th September 2024 Format is mandatory for B2G e-invoicing and for B2B counterparties who agree to e...
8 months ago
Navigating ViDA: 10 Key Insights for Success in the Digital Age of VAT
ViDA is a set of tax reforms that will change how VAT works in the EU It is the biggest change to the EU VAT rules since 1993, aiming to combat revenue loss and modernize the system Businesses in the EU will need to...
8 months ago
FS Portal – electronic forms: Important notice for users of Chrome and MS Edge browsers.
Public announcement regarding electronic forms on the FS portal Incorrect filling of form fields may occur when submitting electronic forms It is recommended to clear the browser cache before submitting, especially when...
8 months ago
Modernising SA’s VAT System: Boosting Economy and Business Success Through Automation and Compliance
Businesses can boost the country’s economy by modernizing their VAT reporting systems South Africa’s current VAT compliance gap is estimated to be between 5% to 10% per annum SARS’ revenue collection...
8 months ago
Navigating the Future of Structured Invoicing: Key Updates to the Mandatory KSeF Law
The Ministry has announced updates to the mandatory KSeF (National System of e-Invoices) law and a new structured invoicing framework to ensure a phased transition for businesses into digital finance. The implementation...
8 months ago
PDF invoices remain considered “electronic” one more year in Portugal
The 2025 Budget provision further delays the implementation of Portugal’s B2G e-invoicing mandate for SMEs, initially set for January 1, 2021, now delayed by five years. While large companies are currently subject to...
8 months ago
Peppol PINT invoice format becomes the default for B2G in A-NZ
Australia and New Zealand have adopted a policy encouraging e-invoicing with incentives like faster payment terms from public entities, but it is not yet mandatory. Both countries use the Peppol network as the primary...
8 months ago
India: Lower Threshold for E-invoices to Be Sent to IRP Within 30 Days
On November 5, 2024, the Indian Goods and Services Tax Network announced a lower threshold for invoices to be sent to the Invoice Registration Portal (IRP) within the 30 days of the invoice date. As of 1 April...
8 months ago
Greece: myDATA Technical Specifications v.1.0.10 Published in Test Environment
The Greek Independent Authority for Public Revenue (AADE) has released updated myDATA technical specifications, version 1.0.10, now available in the myDATA Test Environment. Key updates include allowing fuel invoices to...
8 months ago
Malaysia: e-Invoicing Mandate Enters Second Phase at the Start of 2025
Malaysia’s Inland Revenue Board (IRBM) will begin the second phase of its e-invoicing mandate on January 1, 2025, targeting companies with annual turnovers between RM 25 million and 100 million (approximately 5-20...
8 months ago
New Era for Swedish E-Procurement: SFTI Transitions to Peppol BIS Standards
Sweden’s Single Face to Industry (SFTI) initiative will update its e-procurement standards, phasing out older formats in favor of Peppol BIS, starting July 1, 2025. The EDIFACT-based SFTI ESAP 6 standard for...
8 months ago
Bosnia and Herzegovina Mandates E-Invoicing and Reporting for Online Transactions
Bosnia and Herzegovina government plans to introduce mandatory electronic invoicing and reporting Aim is to combat tax fraud, particularly in online sales and digital platforms More details to be released soon Source:...
8 months ago
Saudi Arabia Sets Criteria for 17th Wave of e-Invoicing Integration: FATOORA Compliance Guidelines
Saudi Arabia has defined criteria for the 17th wave of e-Invoicing integration The criteria were unveiled by the Saudi Zakat, Tax, and Customs Authority (ZATCA) The e-Invoicing implementation is being executed in waves...
8 months ago
GST E-Invoice Compliance: Upload Within 30 Days from April 2025 – Key Implications and Changes
Starting April 1, 2025, e-invoices must be uploaded to the Invoice Registration Portal (IRP) within 30 days from the date of invoice generation The rule aims to streamline GST compliance and improve reporting accuracy...
8 months ago
E-Invoicing and E-Reporting Regulations in Denmark: A Comprehensive Overview for Fiscal Compliance
E-invoicing is mandatory for B2G transactions in Denmark Digital reporting regulations introduced in 2023, with compliance starting January 2024 Upcoming deadlines include financial statement submissions by January 1...
8 months ago
Poland Ministry of Finance Seeks Feedback on Mandatory VAT E-Invoicing Changes
Polish Ministry of Finance opens consultation on mandatory VAT e-invoicing amendments Bill No. UD158 proposes changes to the national VAT e-invoicing system known as KSeF Proposed amendments include mandatory e...
8 months ago
Costa Rica Introduces New E-Invoicing Regulations Effective November 2024
Costa Rica has announced new rules for e-invoicing The Executive Decree No. 44739-H has been published in the Official Gazette New definitions for electronic payment receipts, provisional receipts, and valid electronic...
8 months ago
FURS Enhances Communication Security with TLS Certificate Replacement in Slovenia’s Tax System
FURS will replace the digital certificate for TLS connections in its production system on December 3, 2024 The update aims to enhance communication security in Slovenia’s tax system Businesses using tax receipt...
8 months ago
Why E-Invoicing Can Lead to High Costs for Global Retailers and How to Avoid Them
Complex Integration Requirements: Integrating e-invoicing systems into existing ERP, POS, and accounting systems is complex, especially with varying standards and formats across countries. Diverse National Laws and...
8 months ago
E-Invoicing Exchange Summit Kuala Lumpur 2024 (Nov 25-27)
Source: Exchange Summit Press Release E-Invoicing Exchange Summit Asia Pacific: Actionable Steps for Compliance and Efficiency with E-Invoicing Switzerland, October 2024 – The E-Invoicing Exchange Summit Asia Pacific...
8 months ago
The Government Publishes Proposals for Updating the Conditions for the National e-Invoice System (KSeF)
Draft Law Proposal: The government proposed amendments to the VAT Act to update the National e-Invoice System (KSeF). Extended Transitional Periods: Transitional periods for mandatory KSeF usage will be extended for...
8 months ago
Top Benefits of E-Invoicing for German SMEs: Streamline Operations & Boost Efficiency
Optimizes Cash Flow: E-invoicing accelerates payment cycles, improving cash flow management for SMEs. Reduces Late Payments: Automated reminders help minimize late payments and their associated penalties. Lowers...
8 months ago
Finance Proposes e-VAT Sanction Extension, e-Invoice CNP Changes, and New Invoice Guide by 2025
Extended Deadline for Sanctions: The Ministry of Finance will propose extending the deadline for applying sanctions on pre-completed e-VAT statements to June 30, 2025. Optional CNP Transmission: The Ministry of Finance...
8 months ago
Acceptance of PDF Invoices for VAT Deduction Until 2025
VAT Guidance Nº. 25043 – PDF invoices The Portuguese VAT Department has issued a VAT Guidance, stating that taxable persons are entitled, in accordance with item a) of paragraph 2 of Article 19 of the Portuguese...
8 months ago
