Introduction of the Clean Core Strategy: SAP’s Clean Core strategy aims to minimize customizations in ERP systems, specifically SAP S/4HANA, to enhance stability and simplify upgrades, promoting the use of...
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EU ViDA compromise on Platform Economy for Nov ECOFIN
Hungary 10-year opt-out proposal to unlock agreement on VAT in the Digital Age
Source vatcalc
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9 months ago
Guidelines on B2B mandate in Germany published
BMF’s E-Invoicing Guidelines: On October 15, 2024, the Federal Ministry of Finance (BMF) published official guidelines for the upcoming e-invoicing mandate, affirming a hands-off approach while hinting at future...
9 months ago
France reveals a significantly scaled-back scope for its B2B central platform
PPF’s New Role: The French tax authority (DGFiP) has reduced the Public Portal for Invoicing (PPF) to managing a central directory and collecting tax data, while Partner Dematerialization Platforms (PDPs) will...
9 months ago
BMF circular on the application the e-invoicing mandate – unofficial translation in English added
Launch of Mandatory B2B E-Invoicing: Germany’s Ministry of Finance announced that mandatory B2B e-invoicing for resident businesses will begin on 1 January 2025, with a phased rollout extending until early 2028...
9 months ago
France: Important Updates on the French e-Invoice Mandate
DGFIP Announcement: On October 15, 2024, the French Tax Administration (DGFIP) announced significant changes to the Public Portal for e-invoicing, discontinuing its role as a free exchange platform. New Focus of PPF:...
9 months ago
Webinar – Recorded session & slide deck – E-invoicing compliance for APAC – Part 2
Title: E-invoicing compliance for APAC – Part 2: Latest regulatory updates and insights on managing an e-invoicing project Date: Wednesday, October 16, 2024 E-invoicing compliance for APAC – Part 2: Latest regulatory...
9 months ago
New Changes in e-Invoicing in Colombia
Extended Deadline for RIPS: The Colombian Ministry of Health has postponed the implementation of the Individual Registry of Health Services Provision (RIPS) to support electronic invoicing, with a phased rollout...
9 months ago
France gets rid of the hybrid Y-Model, replacing it with 5-Corner model
Legislative Changes: On 19 September 2024, El Salvador’s Legislative Assembly enacted Decree No. 94 of 2024, introducing new obligations regarding recipient data on invoices. Mandatory Conditions: Recipient...
9 months ago
B2B Electronic Invoicing in France
The DGFiP Narrows the Scope of the Public Billing Platform (PPF) and Strengthens the Role of Partner Dematerialization Platforms (PDP) In a press release on October 15, the DGFiP announced a revision to the scope of the...
9 months ago
VAT: E-invoicing, Split Payments, and Combating Fraud in Online Sales – What You Need to Know
E-invoicing consultation announced for businesses to consider impacts Potential introduction in Budget on 30 October Split payments (real-time extraction) use card payment technology to collect VAT on online sales HMRC...
9 months ago
Spain Delays B2B E-Invoicing Mandate to 2027: New Compliance Roadmap Unveiled
The Spanish government has postponed the B2B e-invoicing mandate until 2027 The delay is due to slow progress in developing the technical framework needed for the mandate The new timeline includes a two-phase approach...
9 months ago
Malaysia’s New E-Invoicing Requirements: IRBM Updates Guidelines for Businesses
IRBM in Malaysia has updated guidelines on e-invoicing requirements The guidelines were published on 4 October 2024 The new requirements are outlined in the e-Invoice Guideline (Version 4.0) Source: hasil.gov.my Note...
9 months ago
Enhancing Internal VAT Management: Impact of Spanish SII on Multinational Companies’ Compliance
Multinational companies face challenges with VAT reporting obligations in multiple countries Lack of common technology standards and updated ERP systems can complicate VAT compliance Companies need to take a holistic...
9 months ago
Preparing for Finland’s New E-Receipt Law: What Retailers Need to Know
Finland has introduced an e-receipt project to boost competition in the electronic invoices and receipts market The webinar will explore how e-receipts will become an integral part of financial administration Agenda...
9 months ago
Introduction to Mandatory Electronic Invoicing for Domestic Transactions from January 1, 2025
Introduction of mandatory electronic invoices for transactions between domestic entrepreneurs from January 1, 2025 Current legal situation and changes due to the Growth Opportunities Act Different types of invoices from...
9 months ago
EC Approves Italy’s Request for Extended Electronic Invoicing System to Combat VAT Evasion
The European Commission adopted a decision on Italy’s request to continue using a special measure for VAT Italy wants to keep using electronic invoicing to simplify collection and prevent tax evasion The decision...
9 months ago
German tax authorities publish final BMF circulaire on the application of the new e-invoice
From January 1, 2025, there will be a legal obligation, with transitional provisions, to invoice certain transactions using a structured electronic invoice. Since this obligation will have a significant impact on...
9 months ago
E-Invoicing: Introduction in the Federal Administration
The e -invoice procedure – coordinated by the Federal Ministry of the Interior and Home Affairs and the Procurement Office of the BMI – aims to implement the Federal E -Invoice Ordinance ( E -RechV) so that companies...
9 months ago
Belgium Federal Public Service issued list of Software solutions for sending, receiving and processing electronic invoices
To send, receive and process structured electronic invoices, you need software connected to the Peppol network. If your current software is not ready, you can find compliant software solutions in the list provided. The...
9 months ago
Press release: PPF functions as a directory and e-invoicing portal, but it does not facilitate the exchange of e-invoices itself
Podcast on this article In a press release of Oct 15, 2024, DGFIP announced that the PPF (Public Portal) will from now on be used as a Directory and e-reporting portal, but will no longer be used as one of the...
9 months ago
Belgium’s Approach to E-Invoicing: Key Insights for Businesses
Mandatory Implementation: The regulation takes full effect on January 1, 2026, with all suppliers to public administrations required to issue e-invoices. B2C transactions are excluded. E-invoicing Standards: Invoices...
9 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...
9 months ago
EU Council proposal decision might extend the derogation for Italy’s mandatory e-invoicing
Proposal for a COUNCIL IMPLEMENTING DECISION amending Implementing Decision (EU) 2018/593 authorising the Italian Republic to introduce a special measure derogating from Articles 218 and 232 of Directive 2006/112/EC on...
9 months ago
ecosio Webinar – Country-specific E-invoicing Updates at a Glance (Oct 29)
Date: Oct 29, 2024 – 11.00AM – 12.00PM CET What we’ll cover Join ecosio’s E-invoicing Product Manager Chris Newman for a comprehensive rundown of the most important recent and upcoming e-invoicing...
9 months ago
Turkey to Utilize AI in Combatting Tax Evasion: Treasury and Finance Ministry Initiative
Turkey will use artificial intelligence to combat tax evasion The Treasury and Finance Ministry announced the initiative AI will be used to audit companies and identify tax avoidance and fraud cases Source: vatcalc.com...
9 months ago
IRB Releases Updated E-Invoice Guidelines (v4.0) and FAQs
Inland Revenue Board has updated the E-Invoice Guidelines to version 4.0 The update includes changes to the format and content requirements for e-invoices The FAQs have also been updated to provide clarification on...
9 months ago
Portugal Extends Deadline for Mandatory Electronic Signatures in E-Invoices to 2026
Portuguese government delays mandatory implementation of Qualified Electronic Signatures (QES) for electronic invoices to January 1, 2026 Businesses can continue using PDF invoices as electronic invoices until December...
9 months ago
