VATupdate

Share this post on

FacebookXEmailLinkedInWhatsApp
World

Worldwide Upcoming E-Invoicing mandates, implementations and changes – Chronological

16 July 2023
4,532 views
9 min read

Last update: January 2, 2024

Join the Linkedin group on ”Global E-Invoicing/E-Reporting/SAF-T Developments”, click HERE

During 2023

  • Panama

    • Extension of Panama’s implementation of electronic invoices

March 22, 2023

  • China
    • Selected taxpayers are included in Henan and Jilin provinces under the pilot program of fully digitalized e-fapiao

March 30, 2023

  • China
    • Selected taxpayers are included in Shenzhen(Guangdong Province), Ningbo (Zhejiang Province), Fujian province and Yunnan Province  under the pilot program of fully digitalized e-fapiao

April 1, 2023

  • Bolivia
    • On 31st January 2023, SIN published a new resolution Nº 102300000004 about the transition period of the “third group of taxpayers” obliged to issue electronic tax documents. Listed taxpayers shall start issuing electronic invoices as of 1 April 2023. Those concerned have to show compliance as of April 1, 2023.
  • Egypt

    • Deadline for joining e-invoice system

  • New Zealand
    • Proposal – IRD announces changes to GST Invoicing System
  • Slovakia
    • Approved – Mandatory e-invoicing for B2G, G2G, and G2B transactions

July 1, 2023

  • Australia
    • Proposal – Large businesses (with a turnover above AUD 50 million)
  • Ghana
    • Approved – First 600 taxpayers on e-VAT; full mandate for all by 2024
    • Q4 2023/Q4 2024
  • Guatemala
    • Approved – Guatemala will oblige small taxpayers to issue e-invoices (delayed from April 1, 2023)
  • Mexico
    • Approved – Using version 3.3 of CFDI e-invoices (version 4.0 will become mandatory from July1 , 2023 – delayed from April 2023)
  • Saudi-Arabia

    • The second wave of e-invoicing integration phase

  • South Korea
    • Near real-time e-invoicing regime will be made mandatory for a larger group of companies as it cuts the annual reporting threshold from KRW 200m to KRW 100m (approx €74,000).

August 1, 2023

  • India
    • From 1 August, e-invoicing will become compulsory for businesses with sales up to ₹5 crore.

September 1, 2023

  • Brazil
    • The mandatory adoption by small and unincorporated taxpayers of the Nota Fiscal de Serviós Eletrônica (NFS-e) for services
  • Panama

    • Extension of Panama’s implementation of electronic invoices – taxpayers who provide services of “stock exchange, brokerage houses, investment managers, advisors of investments and price providers” must adopt the Electronic Billing System of Panama

September 12, 2023

  • Greece
    • Phase 1 B2G: Start of Gradual mandatory e-invoicing implementation for public contracts in Greece

October 1, 2023

  • Japan
    • Approved – New Japanese qualified invoice system per October 2023
  • Mauritania
    • Businesses with a turnover in excess of Mauritian Rupees 100 million are mandated
  • Saudi-Arabia

    • Third wave of e-invoicing applicability

November 1, 2023

December 1, 2023

  • Ghana
    • Phase 2 of its e-invoicing regime, ‘E-VAT’, in December 2023
    • Medium Taxpayers only
  • Saudi Arabia
    • Fifth Wave of the E-invoicing Implementation – Annual taxable revenues above SAR 100 million

January 1, 2024

February 1, 2024

  • Bolivia
    •  Implementation of the Online Billing Modality for the fourth group of taxpayers
  • Saudi Arabia
    • Seventh wave of E-Invoicing implementation for taxpayers whose revenues subject to VAT exceeded SAR 50 million during 2021 or 2022

February 3, 2024

March 1, 2024

  • Belgium
    • Electronic Invoices for all public contracts of less than 30,000€
  • Bolivia
    •  Implementation of the Online Billing Modality for the fifth group of taxpayers
  • Colombia
    • Income tax payers that do not have the status of Large Taxpayers
  • Saudi Arabia
    • Eight wave of E-Invoicing implementation for taxpayers whose revenues subject to VAT exceeded SAR 40 million during 2021 or 2022

April 1, 2024

  • Bolivia
    •  Implementation of the Online Billing Modality for the sixth group of taxpayers
  • Colombia
    • Non-income tax payers
    • Entities that are not part of any of the groups above
  • Germany
    • Hessen: Mandatory B2G E-Invoicing
  • Israel
    • Phase 1 – Delayed from January 1, 2024 till April 1, 2024
    • Phased implementation: Begins in January 2024 with invoices exceeding 25,000 NIS (-6,500 euros)
    • For B2B invoices above a certain threshold, it is mandatory to obtain an invoice number from the tax authority
    • Information to be reported to tax authority includes: Invoice ID, VAT Number, Invoice Date, Invoice Amount, Accounting Software Number
    • The invoice number must be included on the tax invoice Without this number, no input VAT deduction is allowed
  • Oman
    • Voluntary E-Invoicing as of April 1, 2024, mandatory as of October 1, 2024

May 18, 2024

  • Dominican Republic
    • Large national taxpayers: 12 months from the law’s entry into force

June 1, 2024

  • Greece
    • Phase 3 B2G: Mandatory e-invoicing implementation for public contracts in Greece
  • Saudi-Arabia
    • Ninth wave for taxpayers with an annual income between SAR 30 million and SAR 40 million in either 2021 or 2022

July 1, 2024

  • Australia
    • Proposal – Medium-sized businesses (between AUD 10 million and 50 million)
  • Belgium
    • Draft – Mandatory B2B E-Invoicing, gradual implementation, to be approved by EU Commission
    • Will most probably be delayed till 2026
  • Poland
    • Approved – Mandatory B2B E-Invoicing for non-Exempted businesses
  • Romania
    • B2B e-invoicing (centralized CTC approach) for established companies while non-established ones remain subject to e-reporting

August 1, 2024

October 1, 2024

  • Oman
    • Mandatory E-Invoicing

Q4 2024

  • Spain
    • Approved (No EU approval yet) – Mandatory B2B E-Invoicing.
    • Draft Royal Decree issued
    • First, for large taxpayers with an annual turnover of more than 8 million Euros, 1 year after the issuance of the implementing regulation.
    • Secondly, for rest of the taxpayers, 2 years after the issuance of the implementing regulation.
  • Ghana
    • Approved – Full mandate for all by 2024

During 2024

  • Ghana
    • Final phase of the implementation of the E-invoicing regime, ‘E-VAT’ for all other VAT taxpayers
  • Zambia

 January 1, 2025

  • China
    • Proposal – Fully Digitalized E-Fapiao Program
  • Dominican Republic
    • Draft – E-Invoicing for small, micro, and unclassified
  • Germany
    • Proposal – Not yet EU approved
    • Optional E-Invoicing + Obligation to receive E-Invoices
  • Greece
    • Phase 4 B2G: Mandatory e-invoicing implementation for public contracts in Greece
  • Ireland
    • October 2023: Public Consultation launched
  • Israel
    • The threshold will be reduced to 20,000 NIS (appx. 5200 euros) pre-VAT. Note that the Finance Committee may extend the pilot program through 2025
  • Malaysia
    • Taxpayers with an annual turnover or revenue of more than MYR 25 million and up to MYR 100 million
  • Paraguay
    • B2C e-invoices: the threshold is reduced to PYG 7mil (approx. USD 900) or its equivalent in foreign currency
  • Portugal
    • The Portuguese 2024 Budget Law officially confirms the postponement of the requirement to use a qualified electronic signature (QES) on all electronic invoices until January 1, 2025.
  • Romania
    • Approved – SAFT – Small taxpayers and non-resident taxpayers will start on 1 January 2025
  • Thailand
    • By 2025 – large companies should be able to issue electronic invoices

May 18, 2025

  • Dominican Republic
    • Large local and medium-sized taxpayers: 24 months from the law’s entry into force

July 1, 2025

  • Australia
    • Proposal – Remaining businesses
  • Poland
    • Approved – Mandatory B2B E-Invoicing for Exempted businesses
  • Malaysia
    • All other taxpayers
  • United Arab Emirates
    • Stage 1 in July 2025 – obligatory e-invoice issuing for transactions over AED 50,000

January 1, 2026

  • Germany
    • Mandatory E-Invoicing for taxpayers with annual turnover of > €800,000
  • Israel
    • The threshold will further decrease to 15,000 NIS (appx. 3900 euros) pre-VAT.

May 18, 2026

  • Dominican Republic
    • Small, micro and unclassified taxpayers: 36 months from the law’s entry into force

July 1, 2026

  • United Arab Emirates
    • Stage 2 in July 2026 – obligatory e-invoice issuing for all transactions

September 1, 2026

  • France
    • Phase 1: large and medium sized-companies issue e-invoices and submit e-reporting. All taxpayers must be able to receive them. NOTE: option to extend further to 1st December 2026.

During 2025

  • Spain
    • Entrepreneurs and professionals with an annual turnover of over €8 million face a 12-month timeline for compliance. The remaining taxpayers have a 24-month deadline for compliance.

January 1, 2027

  • Germany
    • Mandatory E-Invoicing for taxpayers with annual turnover of > €800,000
  • Israel
    • The threshold will be 10,000 NIS (appx. 2600 euros) pre-VAT
  • Thailand
    • By 2027 – large companies should be able to file their tax returns electronically

September 1, 2027

  • France
    • Phase 2: small enterprises (les PME and TPE) must be able to issue e-invoices and comply with and e-reporting. NOTE: option to extend further to 1st December 2027.

January 1, 2028

  • European Union
    • ViDA
  • Germany
    • Mandatory E-Invoicing for all taxpayers
  • Israel
    •  The threshold will be set at 5,000 NIS (appx. 1300 euros) pre-VAT
  • Thailand
    • By 2028 – all entrepreneurs should have the ability to file taxes electronically

Unclear timing

  • Botswana

    • Introduction of electronic billing/invoicing platforms to improve VAT compliance

  • Bulgaria
    • Draft – A public consultation on mandatory B2B e-invoicing is planned, as well as proposals for introducing SAF-T reporting
  • Croatia

    • New CTC Project – “Fiscalization 2.0.”

  • El Salvador
    • Draft – Electronic documents (incl. E-Invoicing) – Decree published
  • Finland
    • B2B real-time reporting
  • Hungary
    • Draft – Hungary plans to implement SAF-T reporting in late 2022/early 2023
  • Indonesia
    • Plan – Government intends to implement e-Invoicing in stages
  • Jordan
    • Voluntary national e-invoicing network likely to go mandatory
  • Latvia
    • Draft – Mandatory B2B and B2G E-Invoicing, EU Commission approval needed
  • Singapore

    • Mandate InvoiceNow for B2G E-Invoicing

  • Slovakia
  • Slovenia
    • Plan – Slovenia has announced plans to introduce B2B e-invoicing.
  • Sweden
    • Draft – Swedish tax authority has started work on three different types of reporting(E-Invoicing, RTR, SAF-T)

    • Investigation on Mandatory B2B, G2B e-Invoicing

Sponsors:

VAT news

Advertisements: