Below we have summarized the worldwide developments relating to technology, e-invoicing and real time reporting that we spotted in the past few months.
WORLD
- 3 Key Benefits to Integrating a Tax Engine with Your ERP
- 5 Key Tax Analyst Skills for a Stronger Indirect Tax Future
- A Brief History of VAT Digitization
- Advantages of using electronic time stamps for your documents
- Amazon VAT Calculation Service: difference to hellotax
- Artificial Intelligence Vs Machine Learning Vs Deep Learning: What exactly is the difference ?
- Avalara acquires another tax automation company
- Blockchain in Tax Administrations
- Blockchain Technology: Shaping the Future of the Accountancy Profession
- Blog series on Define Compliance Reports : Create a New Report Definition for VAT Reporting
- Blue Dot raises $32M for AI that helps companies comply with tax codes
- Business Activity Statement Report (BAS) for VAT Reporting
- Calculate and collect sales tax, VAT, and GST with one line of code or the click of a button
- Calendar e-Invoicing and VAT compliance Deadlines
- Can blockchain improve VAT Collection? – Part 1
- Can Blockchain Improve VAT Collection?- Part 2
- Can Sales Tax Change Management Benefit the IT Department?
- Consider Indirect Tax with SAP S/4HANA Migration to Ease the Burden on IT
- Continuous Transaction Controls – Focus on the Journey not the Destination
- Digital Economy Taxation workshops on June 15, 2021 ”Transformation of Tax Systems with Blockchain”
- E-invoicing compliance world map
- EDICOM’s Invoicing Connector is Now Available in the Oracle Marketplace
- EESPA Standard: E-Invoicing Compliance Definitions and Responsibility Allocation Framework
- ERP to VAT Return: why data and tax codes are key to VAT compliance
- Esker, KPMG Team On eInvoicing
- From paper to XML: The shifting paradigm of VAT compliance
- Global overview of future e-invoicing, e-filing and real time reporting – upcoming changes (status July 31, 2021)
- Hash function applied to electronic invoicing: securing fiscal digitization thanks to cryptography
- Here are the major changes in the VAT/GST world per July 1, 2021
- Here are the major changes in the VAT/GST world per July 1, 2021 … Be prepared!!!!
- How COVID-19 has accelerated the digitization of VAT – Taming the VAT Beast with Technology
- How multinationals can weather the storm of country mandates and point solutions
- How SAP S/4HANA Finance can Simplify Tax for Your Organization
- How will the tax function of the future be driven by digital?
- IMF: Administering the Value-Added Tax on Imported Digital Services and Low-Value Imported Goods
- In Its Largest Acquisition Outside the U.S., Sovos Buys Acepta’s Digital Enablement Business
- Indirect Tax Technology Becomes a Universal Solution To Tax Fraud
- KPMG E-invoicing & Digital Reporting Global Updates
- Ransomware: impact on VAT
- Real-time reporting and monitoring economic activity in a confidential way
- Real-time reporting: increase competitiveness through easier compliance
- SAP Business One and VAT One Stop Shop scheme
- Securitisation of future VAT income
- Selling a VAT Tax Engine to Stakeholders: How to Showcase the Benefits
- Shipment Logistics and E-Invoicing Compliance in LatAm
- SNI Tax Digitalization Online Symposium – June 15
- Sovos Acquires Digital Enablement Business of Chile-Based Acepta
- Sovos Acquires Stupendo, Ecuador’s Leader in E-Invoicing Solutions
- Taming the Value-Added Tax Beast with Technology
- Tax Needs Digital-Age Toolsets for Digital-Age Problems
- Technology and software related VAT/GST developments of the past months
- The ethical implications of using AI
- The Four Tax Reporting Trends SAP Customers Need to Know
- The Importance of Cloud-Based Technologies in E-Transformation Processes
- The main reference databases on VAT/GST/Sales & Use Tax
- The relationship between real-time reporting and e-invoicing
- The role of e-invoicing and shared services at Mondelēz International
- The VAT Evolution and Why It’s So Complex Part I: Thinking Globally
- The VAT Evolution and Why It’s So Complex Part II: Three Focus Areas for VAT
- The VAT Evolution and Why It’s So Complex Part III: Why Global Solutions Matter to IT
- To Auto determine VAT and Cess in Input TAX procedure
- Understanding CTCs and Their Impact on VAT Compliance Today
- VAT Talks – Aleksandra Bal
- VAT Talks – Richard Asquith
- VAT Trends: A Shift Toward Destination Taxability for Certain Cross-Border Transactions
- VAT Trends: CTCs and Their Impact on Business Today
- Vertex Expands Partnership and Releases Integration for Mirakl Marketplace Platform with Full VAT Support
- When technology is legally required for VAT compliance
AFRICA
Africa Region
Egypt
- E-invoicing: Grace period till Sept 15, 2021
- Egypt extends mandatory B2B E-invoicing to all taxpayers
- Egypt to limit VAT input tax credit on paper invoices
- Egypt Will No Longer Accept Paper Invoices for Deducting
- Egypt will require e-invoices for VAT refunds in 2022
- Egyptian Government issues the Executive Regulation incl. E-Invoicing, VAT registration certificate, ….
- Extension of Mandatory e-Invoicing
- Key Facts about Egypt’s Electronic Invoicing System – As of July 2021, all public sector companies, economic authorities and state services will also have to comply with the e-invoice mandate
- New deadline from ETA for certain taxpayer groups to comply with the e-invoicing mandate
Kenya
Rwanda
- Five new possible ways to issue e-invoices for taxpayers in Rwanda
- Rwanda Revenue Authority Announces Available Electronic Invoicing Systems for Different Taxpayers
South Africa
Uganda
AMERICAS
Argentina
- New Deadlines for Replacing Electronic Invoicing Equipment
- QR codes on invoices …. what has globally been implemented?
Bolivia
- Bolivia Clarifies VAT Treatment for Recurring Services, Public Utility Services and Digital invoicing
- How eInvoicing in Bolivia Works? It is waiting for the publication of mass adoption timeline
Brazil
- Brazil E-Invoicing: New rules on NF-e invoices
- E-invoice Data Reveals the Impact of COVID-19 on Brazil’s Economy
Chile
Colombia
Dominican Republic
Ecuador
El Salvador
Latin America
- Shipment Logistics and E-Invoicing Compliance in LatAm
- Upcoming E-invoicing & Real Time Reporting Developments in North, Central & Latin America
Mexico
- Reporting VAT in Mexico with ACR: Understanding the Configurations and Output of the VAT Declaration Report
- The Mexican model of real-time reporting part 1: what is it?
- The Mexican model of real-time reporting part 2: The benefits and inherent issues of having a network of certified third parties
- Understanding Mexico’s Carta Porte Supplement
- Understanding Mexico’s Miscellaneous Fiscal Resolution for 2021 and its Modifications (Part II)
Panama
- Panama will implement delegated clearance as a CTC model
- The State of Electronic Invoicing in Panama
United States
- 3 Top Sales & Use Tax Skills Your Tax & Finance Team Needs
- BPC in the US initiates testing of a country-wide e-invoicing network
- Embrace the Evolution: Modernizing B2B Payments through E-Invoicing
- How to File Sales Tax as a Multi-Level Marketing (MLM) Business
- The United States Begins an Electronic Invoicing Pilot Project
- US launches e-invoicing pilot project
- What to Expect with New Sales Tax Software Implementation
ASIA-PACIFIC
Asia Pacific
Australia
- Australia accelerates the digitalisation of SMEs and invoices
- Australia announces more funding for e-invoicing adoption
- Australia encourages the adoption of the electronic invoice
- Federal government considers introduction of electronic invoicing
- Introduction of electronic invoicing (e-invoicing) into the Australian market
- Mandatory e-invoicing by 1 July 2022 in Australia
China
- Are you ready for the special VAT e-invoicing of China?
- China updates VAT compliance plans
- China’s E-Fapiao System at a Glance
- How Should Companies Prepare for the Special VAT E-Fapiao?
India
- A comprehensive guide for preparing your business for e-invoicing under GST in India
- All About E-Invoicing
- Auto-population of e-invoice details into GSTR-1 for March 2021
- CBIC: GST E-Invoice not required for Govt Departments and Local Authorities
- Dynamic QR code on B2C invoices under GST applicable from 1st July, 2021
- Dynamic QR code under B2C eInvoicing: FAQs
- E-Invoice Schema Format – Mandatory Fields
- Everything you need to know about e-Invoicing for SMBs
- FAQs on GST e-invoice/IRN System
- GePP – GST e -Invoice Preparing and Printing Tool
- GST Council likely to exempt govt depts, local authorities from e-invoicing
- GST e-invoice: How to ensure that invoices printed out of ERP systems are not printed without IRN ?
- GST e-invoice/IRN System- FAQs
- GST e-Invoicing and time of supply provisions: Should they be in sync?
- GSTN enabled auto-population of HSN description based on HSN code
- GSTN issued advisory on Auto-population of e-invoice details into GSTR-1
- Haryana: Dushyant Chautala launches Model-2 of GST implementation
- How Can You Decide Which Type Of E-Invoicing Integration To Opt For?
- How E-Invoicing works & its applicability under GST
- Latest updates in GST e-Invoice Portal
- Latest updates on e-Invoicing – The 3rd phase and all it includes
- New facility to find HSN/SAC codes on GST Portal
- Step-by-Step Process for Updating Invoices Using the Invoice Furnishing Facility (IFF)
- Step-By-Step Process to Generate An e-Invoice/IRN
- Summary of Addition in FAQ on e-Invoice
- Why should India not use blockchain for recording GST?
Japan
EUROPE
Albania
- New Fiscalization Tax Reform Requires e-invoicing
- Reminder: the deadline for fiscalization in Albania
Belgium
Bulgaria
- Bulgaria Considering Introduction of New E-Invoicing Requirements
- ECJ (non-VAT) C-362/21 (EKOPRINT) – Validaty of an invoice if an electronic signature is determined not to be a qualified electronic signature
- The Rise of Continuous Transaction Controls in Eastern Europe
- Will Bulgaria be the Next EU Member State to Introduce Continuous Transaction Controls?
Denmark
Europe
European Union
- EESPA Standard: E-Invoicing Compliance Definitions and Responsibility Allocation Framework
- FISC Subcommittee hosted on May 25, 2021 a public hearing on “How can technology help in reducing fraud and making tax compliance simpler?”
- Fiscalis 2021 Workshop “VAT in the Digital Age” (May 31 – June 2, 2021)
- Increase in e-invoicing in harmony with VAT process digitisation
- Prof. Lamensch @ European Parliament – Possible solutions to tackle fraud, solutions that involve new technologies (May 26, 2021)
- Published 1 year ago …. the EC Action plan – 25 priorities defined
- Real-time reporting and the definitive VAT system
- The Rise of Continuous Transaction Controls in Eastern Europe
- Upcoming E-invoicing & Real Time Reporting Developments in the European Union
- VAT Number Validation in SAP Business One
- Vertex Acquires Irish Firm Taxamo
- Why is monitoring of fiscalization news important?
France
- B2B e-invoicing: France goes all Mexican and rules out Italian-style e-invoicing, B2C e-records 2023
- Beyond Chorus Pro: How to prepare for B2B e-invoicing and CTC in France
- Details on the application of the obligation for B2B electronic invoicing as of Jan 1, 2023
- Electronic invoices in France will be mandatory in 2023
- Electronic invoicing and transmission of transaction data to the tax authorities
- France B2B e-invoicing B2C e-records 2023
- France e-invoicing in B2B transactions to become mandatory by 2023
- ORDER X, The new Franco-German Standard for Electronic Orders
- Planning for Continuous Transaction Controls in France from 2023
- Reform 2023: Focus on the latest working hypotheses of the DGFiP with regard to the obligation of e-Reporting
- Status of B2B Electronic Invoicing in France
- VAT and e-invoicing; implementation effective 1 January 2023
- VAT: what are the upcoming changes?
Germany
- Cross-post German business association DMB: the benefits of real-time reporting systems for SMEs
- How does e-invoicing work in Germany?
- QR Code can be used to shorten the receipt!
- Update on e-Invoicing in the German Federal States
Greece
- e-Tax Compliance in Greece – myDATA
- Mandatory e-invoicing postponed in Greece to July 2021
- New deadlines and the last minute postponements!
Hungary
- Grace period for real-time invoice data reporting for distance sales extended
- Grace period for those taxpayers, who do not have Hungarian VAT ID
- How e-invoicing changes SMEs’ life in Hungary and what banks have to do with it
- Live reporting 1 April B2C mandatory
- Real-time invoice data reporting obligation grace period for self-billing announced
- RTIR in Hungary, invoice real-time information reporting
Italy
- A New Way to Report Cross-Border Invoices
- Agenzia Entrate’s guide on electronic invoices and the esterometer
- Deadline for adhering to online service for electronic invoices postponed till September 30, 2021
- e-invoices 2019: how to proceed with the replacement storage
- Electronic invoicing scheme between Italy and San Marino
- Electronic invoicing via SDI becomes mandatory from July 1, 2022 for transactions between Italy and San Marino, only for the supply of goods
- Exchange of letters between Italy and San Marino on electronic invoicing
- Italy will request the EU to extend application of Electronic invoice till 2024
- Mandatory E-Invoicing between Italy and San Marino also applicable for non-established entities with Italian VAT number
- New document was uploaded: Real-time invoice reporting obligation for retailers – e-invoice in Italy
- San Marino is joining the Italian e-invoicing model
- San Marino: E-invoice Requirement for Companies Selling Goods in Italy
- Storage of e-invoices: an extension is needed
- Understanding the New E-Document Legislation Requirements
Moldova
- Amendment – completing the list of economic agents obliged to use the electronic fiscal invoice (e-invoice)
- Mandatory B2G e-invoicing as of Jan 1, 2021
Montenegro
Norway
Poland
- A new model of e-invoices and the National System of e-Invoices – KSeF
- All you need to know about the SAF-T JPK_VAT file
- E-Invoices | Technical aspects of structured invoices
- E-Invoicing and SAF-T in Poland
- E-invoicing in Poland postponed to 2023
- Krajowy System e-Faktur moves to next phase of legislative process
- Ministry of Finance announces the introduction of e-invoices
- Online Validation Service: Overview of List of VAT Payers for Poland (SAP)
- Poland proposes optional e-invoicing from 1 October 2021
- Poland Will Make B2B Electronic Invoicing Mandatory
- Poland: Krajowy System e-Faktur moves to next phase of legislative process
- TaxWave – Verify your JPK_V7M file with just one click!
Portugal
- Electronic invoices must be signed electronically in Portugal
- Extension deadline VAT return submission and payment of April and May 2021 + PDF considered e-invoices
- Mandatory QR codes on invoices
- New deadlines in B2G e-invoicing mandate
- Portugal Provides Deadline Extensions for Monthly and Quarterly VAT Returns and Relaxed e-Invoice Requirements
- Sovos acquires PetaPilot and Saphety, strengthening global SAF-T and B2G e-invoicing capabilities, creating a complete compliance solution for Portugal
Romania
- ANAFcheck Automated checks of suppliers’ VAT status
- Romania Accelerates the Digitalization of its Tax System
Russia
Serbia
- Law introducing mandatory e-invoices adopted
- Law on e-invoicing adopted, in force as of January 1, 2022
- Ministry of Finance designed new website to cover novelties in relation to the e-invoicing project in Serbia
- Ministry of Finance has launched a webpage specifically designed to cover novelties concerning the e-invoicing project, implementation, and related updates
- New electronic invoicing law – Implementation gradually starting Jan 1, 2022
- Serbia has postponed the B2G e-invoicing to the 1 January 2022
Slovakia
- Electronic Invoicing Information System in Slovakia – Introduction to be completed in 2022
- VAT Talks – Branislav Kováč (a.o. about Slovakia’s decreasing VAT gap)
Spain
- The new VAT e-commerce regulations and the SII obligations for non-resident companies
- White Paper on the Immediate Supply of Information
Sweden
- Clarification: an electronic invoice can be approved by a formal, informal or an implied action
- Invoice according to the VAT Act: Clarification that an electronic invoice can be approved by a formal, informal or an implied act
Turkey
- Approaching deadline for the mandatory e-invoice adoption within healthcare sector in Turkey: who is in scope?
- E-Book – Navigating Turkey’s Evolving Tax Landscape
- Guidelines on the cancellation and objection of e-fatura and e-arsiv invoice
- How to Electronically Invoice in Turkey
- Implementation of E-Accounting receipt
- Latest updates in e-documents: Impact of acceleration in e-transformation applications on e-documents
- Mandatory Transition to E-Invoice and E-Arşiv Invoice Applications for Healthcare Organisations in Turkey
- The Significance of Effective E-transformation for Enterprises
United Kingdom
- MTD makes VAT compliance easier, if you use the right technology
- myInsight MTD ITC is a simple and cost effective solution for meeting the requirements of Making Tax Digital for VAT
MIDDLE EAST
GCC
Saudi Arabia
- “Zakat, Tax and Customs” publishes a decision regarding controls and requirements for electronic invoicing
- Consultation on e-invoicing proposal
- E-invoicing (FATOORAH)
- e-Invoicing in Kingdom of Saudi Arabia Update
- E-invoicing requirements
- GAZT issues draft implementation resolution on e-invoicing regulations
- Guidelines and standards for e-invoices
- How to prepare for Saudi Arabia’s e-invoicing requirements
- KSA E-Invoice Draft Law
- KSA e-invoicing 2021 – Regulatory & technical outlook
- KSA E-Invoicing Launch – 1st Implementation Phase is on Track
- Major developments in Saudi-Arabia in March 2021 – An overview
- Regulatory Update: E-invoicing regulations in the Kingdom of Saudi Arabia (KSA)
- Saudi Arabia issues e-invoicing guidelines: Are you ready for the deadline?
- Saudi Arabia obliges electronic invoicing
- Saudi Arabia Publishes Final Rules on E-invoicing
- Saudi Arabia Publishes Resolution for New E-Invoicing Requirements
- SunTec launches E-invoicing Solution for banks in Saudi Arabia
- The controls, requirements, technical specifications and procedural rules necessary to implement the provisions of the e-invoicing regulations
- Three steps outlined for taxpayers to take in first phase of E-invoicing
- ZAKAT issued Introductory Guide to E-invoicing
