Podcast version
Follow the latest updates on E-Invoicing and Real Time Reporting on www.vatupdate.com and the LinkedIn pages on E-Invoicing/Real Time Reporting and ViDA.
HIGHLIGHTS
- Progress on VAT rules in the digital age (ViDA) – 10 year opt-out period for the Platform Economy?
- VIDA Package Discussion: The Ecofin Council will discuss on November 5, 2024 the VIDA package, focusing on digital reporting, platform fiction, and single VAT registration to streamline cross-border VAT compliance.
- Digital Reporting and E-Invoicing: From July 2030, EU member states must adopt a standardized system for cross-border transactions. Although the Netherlands sought a shorter transition, it supports the compromise to avoid increased administrative burdens.
- Platform Fiction: The proposal aims for mandatory platform fiction across all member states for short-term rentals and transport services. While seeking more harmonization, the Netherlands agrees to the compromise allowing some flexibility. EU Council Presidency Proposes 10-Year Opt-Out for VIDA – Platform Economy
- Single VAT Registration: The Import-One-Stop-Shop component is removed from VIDA and will be addressed with Customs Code reforms. Member states generally support the single VAT registration goal.
- Compromise Efforts: Estonia previously opposed the platform economy text, but ongoing negotiations aim to reduce administrative burdens and reach consensus on the entire VIDA package, which the Netherlands supports.
- UAE Ministry of Finance Unveils E-Invoicing Plans to Streamline Tax Reporting and Enhance Security
- The UAE Ministry of Finance (MoF) has reaffirmed its commitment to the E-Billing System project, aimed at reducing human intervention, optimizing costs, and enhancing security in business and tax reporting.
- An e-invoicing website has been launched to outline the objectives and details of the project, which includes encrypted transaction security.
- The UAE’s Continuous Transactions Controls (CTC) mandate will use a five-corner model for exchanging electronic invoices among certified service providers, who will transmit data to a centralized platform managed by the Tax Authority.
- The mandate will initially cover B2B and B2G transactions, with potential future inclusion of B2C transactions.
- The roll-out timeline includes opening accreditation for service providers by the end of 2024, publishing legislation in 2025, and implementing the first phase of the e-invoicing reporting obligation in 2026, with further details on service provider accreditation expected soon.
Belgium
Belize
Bolivia
China
Colombia
Congo
Dominican Republic
Estonia
- Estonia’s National E-Invoice Project: Standardizing B2B Invoicing by 2025
- Estonia’s Unique E-Invoicing Mandate: Implementation Postponed to July 2025
European Union
- ViDA on the provisional agenda of the Ecofin meeting on November 5, 2024
- EU Countries Extend VAT Overhaul Implementation Deadline to 2030 to Accommodate Estonia’s Concerns
- EU Parliament Behavioural Tax Briefing
- Progress on VAT rules in the digital age (ViDA)
- Estonia Optimistic About Revised EU VAT Reform Proposal
- Hungary’s Proposal: 10-Year Opt-Out to Resolve Dispute on ViDA VAT Package
- EU Council Presidency Proposes 10-Year Opt-Out for VIDA – Platform Economy
- Your Guide to Electronic Invoicing EU
European Union/ Italy
European Union/ Webinars/ Events
France
- French Government Shifts to Registered PDPs for E-Invoicing Compliance: What Businesses Need to Know
- France Mandates Third-Party E-Invoicing Services for Businesses by 2027
- New Mandatory Invoice Details: Key Information for E-Invoicing Compliance in France
- France Mandates PDPs for e-Invoicing: What Businesses Need to Know
- E-Invoicing in France: Complete guide
- French e-invoicing mandate: shift from hybrid to PDP-only model for invoice exchange.
- French Government to Facilitate Extensive Adoption of Electronic Invoicing
Germany
- German Ministry of Finance Issues Final Guidance on Mandatory E-Invoicing Including Transitional Provisions
- Final Guidance from German Ministry of Finance on Mandatory E-Invoicing with Transitional Provisions
- Finalised Guidelines for Mandatory B2B e-Invoicing in Germany: Key Takeaways and Requirements
- Germany’s Detailed Guidance Letter on E-Invoicing Mandate Effective January 2025
- E-Invoicing in Germany: Complete Guide
- Germany’s Phased Transition to Mandatory E-Invoicing for B2B Transactions by 2028
- BMF publishes letter offering regulatory guidance on the upcoming e-invoicing mandate
- BMF Letter Provides Regulatory Guidance for Upcoming E-Invoicing Mandate in Germany
Italy
- Proposal to Extend Italy’s Mandatory E-Invoicing Authorization until 2025 without Reporting Requirement
- EU Council Proposes Extension of Italy’s Mandatory e-Invoicing Derogation until 2025
- Italy’s Mandatory e-Invoicing Derogation: EU Council’s Proposal for Extension
Kazakhstan
Malaysia
Poland
- KSeF on the horizon: Are we ready for the comeback?
- Poland Delays Mandatory E-Invoice System Implementation to 2026: Updates and Implications
- Latest E-Invoice Obligation Updates in Poland
Portugal
United Arab Emirates
- UAE Ministry of Finance Unveils E-Invoicing Plans to Streamline Tax Reporting and Enhance Security
- UAE Ministry of Finance Updates E-Invoicing Guidance for 2026 Mandate: FAQs and Phased Implementation
- UAE’s Decentralized E-Invoicing Mandate: Details, Timeline, and Impact
- UAE Publishes Further Details on Upcoming E-Invoicing Mandate
- Ministry of Finance Releases The Intention to Introduce E-Invoicing in 2026
United Kingdom
Webinars / Events
- Sovos webinar Recording + Slides: VAT Snapshot: Global E-invoicing Plans, Proposals and Deadlines
- ecosio Webinar – Country-specific E-invoicing Updates at a Glance (Oct 29)
- ecosio Webinar – Peppol – How Acknowledgments Will Change the E-invoicing Game Forever (Oct 23)
World
- Global Interoperability Forum (GIF): Connecting the World for Easy Cross-Border E-Invoicing and Trade
- Peppol – Key Questions Answered
- E-Invoicing vs. E-Reporting: Understanding the Key Differences for Compliance and Efficiency
- Towards digital invoicing: what is UBL?
- The 5-Corner Model of PEPPOL: An Evolution in e-Invoice Exchange
- E-Invoicing & E-Reporting developments in the news in week 42/2024
See also
- E-Invoicing & E-Reporting developments in the news in week 42/2024
- E-Invoicing & E-Reporting developments in the news in week 41/2024
- E-Invoicing & E-Reporting developments in the news in week 40/2024
- E-Invoicing & E-Reporting developments in the news in week 39/2024
- E-Invoicing & E-Reporting developments in the news in week 38/2024
- E-Invoicing & E-Reporting developments in the news in week 37/2024
- E-Invoicing & E-Reporting developments in the news in week 36/2024
- E-Invoicing & E-Reporting developments in the news in week 35/2024
- Worldwide Upcoming E-Invoicing mandates, implementations and changes – Chronological
- Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE
- Join the LinkedIn Group on ”VAT in the Digital Age” (VIDA), click HERE
