E-Invoicing & E-Reporting developments in the news in week 1/2025

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HIGHLIGHTS

Fiscalization/E-Invoicing Law (draft) in Federation of Bosnia and Herzegovina
- Objective of the Draft Law: The draft law on fiscalization in the Federation of Bosnia and Herzegovina aims to modernize the fiscal system by mandating the issuance of electronic receipts and the use of electronic fiscal systems (EFS) to enhance transaction recording, supervision, and compliance, in alignment with EU Directive 2014/55/EC.
- Key Provisions: The law outlines essential components such as the issuance of e-invoices and fiscal receipts, the functionalities of the EFS, and the establishment of a Central Platform for Fiscalization (CPF) for real-time monitoring. It also includes oversight mechanisms and a penalty system for non-compliance.
- Expected Outcomes: By implementing this law, the Federation aims to improve tax collection efficiency, combat tax evasion, reduce informal economic activities, and promote transparency in business operations through the adoption of advanced technological solutions.
Cambodia Launches Voluntary B2G e-Invoicing, Pioneering Digital Tax Transformation
- Launch of e-Invoicing System: On December 12, 2024, Cambodia’s General Department of Digital Economy (GDDE) initiated the voluntary registration phase of its e-Invoicing system for business-to-government (B2G) transactions, marking a significant step towards digitizing tax compliance and enhancing operational transparency across all sectors.
- Key Features and Benefits: The e-Invoicing platform offers real-time VAT data validation, cost reductions in invoice processing, seamless integration with ERP systems, and improved audit readiness, benefiting both businesses and tax authorities by simplifying compliance and reducing tax evasion.
- Phased Implementation and Future Expansion: The system begins with voluntary B2G participation, with plans to transition to mandatory business-to-business (B2B) compliance in 2025 and eventually include business-to-consumer (B2C) transactions, positioning the e-Invoicing initiative as a foundational element of Cambodia’s modern tax infrastructure and digital economy.
European Parliament issues draft report on the Council’s draft directive amending ViDA
- Approval of Council Draft: The European Parliament approves the Council’s draft directive amending VAT rules for the digital age.
- Notification Requirement: The Parliament requests that the Council notify it if there are any intentions to deviate from the approved text.
- Re-consultation Request: The Parliament asks the Council to consult it again if any substantial amendments to the draft are proposed.
- Procedural References: The resolution references relevant articles of the Treaty on the Functioning of the European Union and the Rules of Procedure.
- Communication Directive: The Parliament instructs its President to forward its position to the Council, the Commission, and national parliaments.
Italy Delays Electronic Invoicing for Some Healthcare Providers
- Italy delays electronic invoicing requirement for some healthcare providers
- The new rule affects a specific group within the healthcare sector
- Implementation date for electronic invoicing has been pushed back to allow more preparation time
ZATCA Sets Criteria for 19th E-Invoicing Wave in Saudi Arabia
- Saudi Arabia’s ZATCA sets criteria for 19th wave of e-invoicing integration
- Eligibility for Group 19 taxpayers based on VAT revenues exceeding SAR 1.75 million in 2022 or 2023
- Notification for integration with Fatoora Platform to be completed by 30 September 2025