E-Invoicing & E-Reporting developments in the news in week 4/2025

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HIGHLIGHTS

Worldwide Upcoming E-Invoicing mandates, implementations and changes – Chronological
Bosnia and Herzegovina: Mandatory E-invoice Law to Combat Tax Fraud and Improve Transparency
- Introduction of E-Invoicing Law: Bosnia and Herzegovina has released a draft law to mandate B2B, B2G, and B2C e-invoicing and real-time reporting to combat tax fraud, covering various transactions including sales of goods, services, and property transfers.
- Centralized Reporting Platform: Taxpayers in B2B and B2G transactions will be required to use the Central Platform for Fiscalisation (CPF) for issuing e-invoices and real-time data reporting, while B2C transactions will utilize approved electronic fiscal systems for invoice management.
- Compliance and Penalties: The draft law specifies penalties for non-compliance, with further details on implementation timelines and relevant bylaws to be provided in the future.
Greece Granted EU Approval for Mandatory Electronic Invoicing Implementation by Jan. 15, 2025
- Proposal Overview: Greece seeks authorization to implement mandatory electronic invoicing for B2B transactions to improve VAT collection and reduce tax evasion, deviating from certain EU VAT directives.
- Implementation and Benefits: The electronic invoicing system aims to enhance data quality on the myDATA platform, enabling faster detection of VAT fraud, prefilled VAT returns, and lower administrative costs, with a proposed implementation period until June 30, 2026.
- Alignment with EU Policies: The proposal is consistent with EU regulations and aligns with similar derogations granted to other Member States, laying the groundwork for future standardization of electronic invoicing across the EU.
Greece is likely to mandate e-invoicing for B2B transactions in 2025
- The European Commission has proposed allowing Greece to mandate e-invoices for B2B transactions between taxable persons established in the country, following Greece’s request for a derogation from specific EU directives.
- This measure will not affect non-Greek companies registered for VAT in Greece or the right of customers to receive paper invoices for intra-Community transactions.
- If approved, the e-invoicing obligation could be implemented from July 1, 2025, to June 30, 2026, with e-invoice data being transmitted in real-time to Greece’s myDATA platform, adhering to the European standard for electronic invoicing.
Morocco Plans for Mandatory e-Invoicing by 2026
- Mandatory E-Invoicing Initiative: Morocco plans to implement mandatory e-invoicing by 2026 as part of a broader tax reform led by the General Directorate of Taxes (DGI), aiming to enhance efficiency, transparency, and tax compliance.
- Phased Rollout Schedule: The rollout will occur in stages, with initial proposals introduced by the end of 2024, system development expected to complete by October 2025, and a pilot phase starting in early 2026 to allow businesses to adapt.
- System Approaches and Compatibility: The DGI is considering two models for the e-invoicing system—post-audit and continuous transaction control (CTC)—and will support international formats like UBL and CII, utilizing electronic signatures for security and compliance.
Slovakia Proposes Mandatory B2B E-Invoicing by 2027
- Public Consultation for E-Invoicing: Slovakia has launched a public consultation to implement mandatory B2B e-invoicing, aiming to combat tax evasion and enhance tax compliance, with a proposed start date of January 1, 2027, for domestic transactions.
- Requirements for E-Invoicing: The proposed system mandates that VAT taxpayers issue and receive invoices in a specific electronic format aligned with European standards, ensuring automatic processing to reduce errors and standardize invoicing.
- Real-Time Reporting: E-invoice data must be reported to the Slovak financial administration in real time, which will streamline compliance and improve transparency in tax reporting.
- Alignment with EU Directives: The initiative is in line with the VAT in the Digital Age (VIDA) initiative and Directive 2014/55/EU, facilitating seamless cross-border transaction reporting within the EU by 2030.
- Implementation Timeline and Public Engagement: Key dates include changes to tax registration starting January 1, 2026, enforcement of mandatory e-invoicing by January 1, 2027, and expansion to cross-border transactions by July 1, 2030. The government encourages public feedback on the proposal by January 31, 2025, to ensure a comprehensive and effective implementation.