E-Invoicing & E-Reporting developments in the news in week 2/2025

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HIGHLIGHTS

Worldwide Upcoming E-Invoicing mandates, implementations and changes – Chronological
Greenland to Implement E-Invoicing for Public Sector Starting 2025
- The Government of Greenland has announced that mandatory e-invoicing for all public sector transactions will take effect on March 1, 2025, requiring both legal and natural persons to submit digital invoices when providing goods or services to public authorities.
- Digital invoices must be issued, sent, and received in a structured electronic format that allows for automatic processing; public authorities must be registered as recipients in the joint public NemHandelsRegister managed by the Danish Business Authority.
- While the regulation will exempt businesses and individuals below a yet-to-be-defined annual turnover threshold, invoices not compatible with digital processing will be rejected, marking a significant advancement in Greenland’s effort to digitalize public sector transactions.
Estonia Sets 2027 Launch for Mandatory B2B E-Invoicing to Curb VAT Fraud
- Estonian tax authorities updated the mandatory e-invoicing rollout for December 2024
- New launch date set for 2027 for domestic B2B transactions
- New regime applies only to resident businesses in Estonia
- Businesses must declare B2B sales via a new e-invoicing platform
- Tax authority to check and approve invoices before sending to customers
- New system aims to reduce invoice errors and prevent VAT fraud
Senegal to impose mandatory electronic invoicing
- Mandatory E-Invoicing Legislation: Senegal’s Finance Bill of 2025 will make electronic invoicing mandatory for all taxable persons, ending the previous voluntary adoption and requiring invoices to be sent in a structured electronic format through a centralized platform.
- Sanctions for Non-Compliance: The Directorate General of Taxes and Domains (DGID) has introduced sanctions for non-compliance, including fines of up to 25% of the VAT amount, capped at XOF 5 million (approximately EUR 7700) per invoice.
- Implementation Timeline: While the official timeline for mandatory e-invoicing is yet to be announced, the Finance Bill marks a significant step towards the digitalization of invoicing and tax collection in Senegal, following the example of neighboring Benin.
Venezuela: SENIAT Introduces New Digital Invoicing Guidelines for Businesses
- New Digital Invoicing Guidelines: SENIAT introduced new rules under Administrative Ruling SENIAT/2024/000102 for digital invoicing, covering invoices, credit notes, debit notes, and delivery orders.
- Applicability and Requirements: The guidelines apply to public and private entities authorized by SENIAT, including those not needing fiscal machines. Entities must seek approval from SENIAT and comply with specific formalities like unique serial numbers for invoices.
- Contingency Plans and Compliance: Businesses must have contingency plans for internet disruptions and comply with tax obligations. SENIAT can revoke authorization for violations such as issuing false invoices.
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