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Global E-Invoicing Developments for 2025
E-Invoicing Adoption Trends: As of 2025, many countries are implementing or planning to mandate e-invoicing to enhance tax compliance, reduce fraud, and streamline business processes. Notable countries like Belgium...
E-invoicing solution set to transform tax compliance in Botswana by March 2026
Electronic Invoicing Initiative: The Minister of Finance and Economic Development highlighted the implementation of an electronic invoicing solution as a pivotal initiative in the 2025/2026 Budget Speech, aimed at...
Public hearing announced for Fiscalization Law in Bosnia and Herzegovina
Public Hearing Period: From January 1 to March 1, 2025, the Federal Ministry of Finance of Bosnia and Herzegovina is conducting a public hearing on the Draft Law on Fiscalization of Transactions, inviting the public to...
UK Government Launches Consultation on e-Invoicing: A Step Toward Digital Efficiency
Public Consultation Initiative: On February 13, 2025, the UK Government initiated a public consultation to accelerate the adoption of electronic invoicing (e-Invoicing) across businesses and the public sector, aligning...
Pakistan’s Digital Tax Evolution: The e-Invoicing Notification That Will Reshape Compliance
Implementation of E-Invoicing Regulations: The Federal Board of Revenue (FBR) has launched SRO 69(I)/2025, mandating e-invoicing and real-time compliance for businesses. Key requirements include the use of licensed...
EU Parliament Advances ViDA Reforms, Final Ratification Expected by March 2025
Approval of ViDA Package: On February 12, 2025, the EU Parliament approved the VAT in the Digital Age (ViDA) package, following a political agreement among member states. This package aims to modernize the VAT system by...
How Electronic Invoicing Works in Argentina
The electronic invoice is mandatory in Argentina for all taxpayers, including self-employed workers. There are different types of electronic invoices, also called electronic receipts, depending on the tax status of both...
VAT Developments to Watch for in 2025
Anticipated VAT changes for 2025 signify a pivotal year for tax accounting systems, blending modernisation with increasing complexity. VAT registered organisations should prepare for evolving VAT compliance demands...
UK Launches Public Consultation on E-Invoicing
Consultation Timeline Open from: February 13, 2025 – May 7, 2025 Public Consultation on E-Invoicing: The UK government has initiated a public consultation from February 13, 2025, to May 7, 2025, to explore the...
Egypt is Expanding its E-Receipt Mandate for B2C Transactions
The Egyptian Tax Authority (ETA) has announced that the sixth wave of taxpayers, designated under Resolution No. 405/2024, must comply with the e-receipt mandate.
Source: SNI
Bahrain VAT E-Invoicing 2025 Potential Launch
The Bahraini tax authority, The National Bureau for Revenue (NBR), is completing the design and build of a nation-wide B2B electronic invoicing system. This includes the design of IT architecture cybersecurity, project...
Denmark Updates OIOUBL E-Invoicing Standard: New Schematron Version 1.15 RC Released for Testing
The Danish Business Authority has released OIOUBL Schematron 1.15 (RC) for OIOUBL 2.1, introducing stricter VAT validation rules to improve e-invoicing accuracy.
Source: www.fiscal-requirements.com
The Philippines Advances Electronic Invoicing System
The Philippines Bureau of Internal Revenue (BIR) is implementing an Electronic Invoicing System (EIS) initially targeting the top 100 taxpayers to streamline tax reporting and improve compliance. Source: www.fiscal...
EU Parliament Approves VAT Reforms to Modernise Taxation in the Digital Age
On February 4, 2025, the European Parliament approved significant updates to the Value Added Tax (VAT) regulations, aiming to modernise the system in line with the evolving digital economy.
Source: innovatetax.com
E-invoicing Public Consultation Published
Initiation of Consultation: HM Revenue & Customs (HMRC) and the Department for Business & Trade have launched a public consultation aimed at promoting electronic invoicing across UK businesses and the public...
Government Seeks Views on E-Invoicing
The government has launched a consultation to gather views on standardising e-invoicing, and how to encourage UK businesses and government departments to adopt it.
Source: www.icaew.com
UK Seeks Input On Standardizing Electronic Invoices
HM Revenue and Customs and the Department for Business and Trade have released a joint consultation on electronic invoicing.
Source: www.vitallaw.com
Peppol eInvoicing in the Asia-Pacific Region: An Overview for 2025
As eInvoicing continues to grow globally, the Asia-Pacific region is emerging as a hotspot for its adoption, driven by regulatory mandates and increasing awareness of the benefits of eInvoicing. Here’s a snapshot of the...
Understanding Belgium’s E-Invoicing Mandate: Latest Changes and Key Insights for Finance Professionals
Belgium is poised to transform its tax reporting system with the introduction of mandatory e-invoicing, set to take effect on January 1, 2026. This significant reform aims to combat VAT fraud while simplifying...
The latest updates of e-invoice guidelines from January 2025
Revised E-Invoice Guidelines: On January 28, 2025, the Inland Revenue Board of Malaysia published updated versions of the e-invoice Guidelines (v.4.1) and Specific Guidelines (v.4.0), which clarify rules regarding self...
Government sets out plans for ‘e-invoicing’ overhaul to cut paperwork
12-Week Consultation Initiative: The UK government has launched a 12-week consultation on electronic invoicing (e-invoicing) aimed at reducing paperwork for businesses and enhancing productivity. This initiative is part...
Cambodia Introduces E-Invoicing System to Modernize Tax Processes
Introduction of E-Invoicing: Cambodia has launched a new e-invoicing system aimed at digitalizing tax administration and reducing tax evasion, with plans for voluntary participation throughout 2025. Key Features and...
Brazil Introduces NFCom as a New Mandatory E-Invoicing Requirement
Updated Implementation Timeline: Brazil’s SINIEF Adjustment No. 34/24 establishes that the mandatory adoption of NFCom, a new invoicing requirement for ICMS taxpayers, will begin on November 1, 2025, streamlining...
European Parliament Gives Green Light to VAT in the Digital Age
Online platforms will have to pay VAT for services provided through them from 2030 onwards. On Wednesday 12 February 2025, the European Parliament approved one of the proposals from the VAT in the digital age package...
Bolivia postpones deadline to comply with the e-invoicing obligation for taxpayer groups 10 and 11
Deadline Extension: The Bolivian National Tax Service (SIN) has postponed the deadline for taxpayer groups 10 and 11 to issue digital tax documents from February 1, 2025, to March 1, 2025. Resolution Details: This...
European Parliament Approves VAT in the Digital Age Package
On 12 February 2025, the European Parliament announced its approval of the VAT in the Digital Age (ViDA) Package. The package is meant to update the EU’s VAT systems to reflect the digitalization of its economies...