The European Parliament on February 12, 2025, approved value-added tax law amendments to, among other things, require that VAT be paid for services provided through online platforms, putting an end to an unfair...
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New e-Invoice Guideline Version 4.1 and Specific Guideline Version 4.0
New Guidelines Available: The e-Invoice Guideline Version 4.1 and Specific Guideline Version 4.0 were published on January 28, 2025. Updated Resources: The e-Invoice Illustration Guide has been updated as of September...
8 months ago
EU Parliament Approves ViDA, Modernizing VAT Systems
European Parliament Approval: The European Parliament has approved the ViDA proposal, moving it closer to official adoption by the Council of the EU, aimed at modernizing VAT systems across the EU. Focus on...
8 months ago
EU Parliament Approves VAT Reform for Digital Age
European Parliament approves VAT in the digital age Online platforms will have to pay VAT on services provided through them starting in 2030 The proposal amends the VAT Directive 2006 The update will fully digitize VAT...
8 months ago
EU Parliament Approves VAT Update for Digital Age
Parliament approved changes to VAT rules to make them fit for digital times. The update will require online platforms to pay VAT for services provided through them by 2030. This will end unfair competition between...
8 months ago
France’s PDP e-Invoicing Mandate: 2025 Calendar & Tradeshift Partnership
France’s PDP e-Invoicing mandate is approaching its deadline. This article provides an update on the latest developments and key milestones for the 2025 PDP calendar. The article explores the advantages of...
8 months ago
Electronic Invoicing Earns Tax Credit for Large Businesses
Tax Authority announces tax credit Credit available for large taxpayers Applies to those using electronic invoicing Source: research.ibfd.org Note that this post was (partially) written with the help of AI. It is always...
8 months ago
New VAT Correction Form Available in the ePorezna System
As of February 1, 2025, Croatia’s ePorezna system now allows businesses to electronically submit a VAT Correction Form to adjust their tax base for unpaid receivables exceeding 12 months. Source: www.fiscal...
8 months ago
Turkey Updated the e-Invoice Package
The Turkish Revenue Administration (TRA) has updated the e-Invoice Package, introducing new document types, revised technical specifications, and enhanced integration guidelines. These changes, effective from February...
8 months ago
Serbia Updates E-Invoicing Rules for 2025
Serbia’s Ministry of Finance adopted amendments to the e-invoicing rulebook. Amendments address electronic recording of input VAT, customs declaration lists, documents related to VAT adjustments, delayed...
8 months ago
UAE’s E-Invoicing Rollout: A Guide to Compliance
The UAE government is implementing E-invoicing for all B2B and B2G transactions. E-invoices are generated in a specific format and linked to a central database. Accredited Service Providers facilitate the exchange of...
8 months ago
UAE E-Invoicing: Data Dictionary & Impact on Financial Services
UAE Ministry of Finance published an e-Invoicing public consultation paper on 06/02/2025. The paper includes a proposed UAE e-Invoicing data dictionary. The e-invoicing regime is applicable to businesses operating in...
8 months ago
Botswana Unveils Tax Reforms for Digital Economy in 2025 Budget
Botswana’s Ministry of Finance and Economic Development presented its budget proposals for the 2025-26 fiscal year to the National Assembly on February 10, 2025. Tax reforms will simplify and modernize VAT. The...
8 months ago
New Technical Specification for Electronic Invoice Published by Italian Revenue Agency
The Italian Revenue Agency has released version 1.9 of the technical specifications for electronic invoicing, which will take effect on April 1, 2025.
Source: www.fiscal-requirements.com
8 months ago
Norway Explores Mandatory E-Invoicing for Businesses
Current E-Invoicing Regime: Since 2012, Norway has implemented a mandatory e-invoicing system for Business-to-Government (B2G) transactions, utilizing the PEPPOL framework for standardized electronic document exchange...
8 months ago
Key VAT Updates in Portugal’s State Budget Law for 2025
Extension of VAT exemptions for fertilizers, soil improvers, and animal feed until December 31, 2025. PDF invoices recognized as equivalent to electronic invoices until December 31, 2025. Deduction rights for VAT on...
8 months ago
Belgium’s Indirect Tax Reforms: Boosting Sustainability, Efficiency, and Transparency
Near real-time reporting of VAT invoice data will be introduced in 2028. Cash registers, payment, and invoicing systems will be directly connected to the tax administration. The yearly client listing and review of the...
8 months ago
ETAF Recommends Future EU e-Invoicing Strategy
ETAF recommends a future EU e-invoicing strategy to increase adoption. The strategy should integrate e-invoicing modules in ERP systems, ensure efficient transmission via interoperable infrastructures, and explore new...
8 months ago
KSeF Attachments: What You Need to Know About E-Invoices in 2026
Attachments to e-invoices will be introduced in KSeF. Attachments will be an integral part of the invoice, not a separate file. Up to 1000 data blocks can be included in an attachment. Data blocks can be filled in three...
8 months ago
UAE Ministry of Finance Launches Public Consultation on E-Invoicing
Public Consultation Announcement: On February 6, 2025, the UAE Ministry of Finance initiated a public consultation on e-invoicing, inviting feedback from businesses and industry stakeholders to develop a transparent and...
8 months ago
Jordan’s Transition to e-Invoicing: The JoFotara System
Implementation of JoFotara System: Jordan is advancing its digital transformation with the JoFotara electronic invoicing system, which mandates that all businesses issue tax-compliant electronic invoices by April 1...
8 months ago
UAE e-Invoicing: Consultation Paper on Data Dictionary
On 6 February 2025, the Ministry of Finance (MoF) released an e-Invoicing Programme Consultation Paper focusing on the e-Invoicing Data Dictionary. This is in furtherance of the “We the UAE 2031” vision...
8 months ago
E-Invoices and E-Credits: New Rules for Businesses in 2025
The article discusses problems with electronic invoices and credit notes starting January 1, 2025. It presents two case studies: Case 1: A receives an electronic invoice from B for a business transaction. The invoice is...
8 months ago
KSeF: Problems for Local Governments with VAT Settlements
After February 1, 2026, the use of the National e-Invoice System (KSeF) will become mandatory for municipalities. Municipalities are concerned that the KSeF system does not fully address the specifics of their...
8 months ago
eBook Indirect Tax Software Suites A Buyer’s Guide
Managing financial risk is at the top of every organization’s list of priorities. The onslaught of changing tax obligations and a move towards more real-time oversight is creating an additional layer of risk and concern...
8 months ago
E-Invoicing and Digital Reporting: A Global Perspective for the First Half of 2025
We held “e-Invoicing and Digital Reporting: A Global Perspective for the First Half of 2025 ” webinar on Tuesday, February 4. SNI Regulatory Affairs Associate Evşen Güleç and Assistant Account Manager Serra Emekli...
8 months ago
Pakistan E-Invoicing 2025
From 3 February 2025, all major taxpayers must have integrated their accounting, invoicing and point-of-sale systems with the Pakistani Federal Board of Revenue (FBR). This follows the 2024 Finance Bill introduced to...
8 months ago
ZATCA Conducts Tax and Zakat Workshops
On 10 February 2025, ZATCA will conduct a virtual workshop on the regulations for import of vehicles by individuals. On 11 February 2025, ZATCA will conduct a virtual workshop on phase two of e-invoicing (integration...
8 months ago
