E-Invoicing & E-Reporting developments in the news in week 6/2025

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HIGHLIGHTS

Belgium will introduce near-real time reporting as of 2028
- Implementation by 2028: Belgium plans to introduce near real-time transaction reporting requirements by 2028 as part of its VAT reforms.
- Complementing E-Invoicing: These new obligations will complement the e-invoicing requirements set to start in January 2026, further combating tax evasion.
- Integration with Systems: The reporting will involve automatic data transmission to the tax authority, integrating with cash registers, payment, and invoicing systems, with details and timelines still to be clarified.
Italy E-invoicing Schema Update: Key Changes Effective April 1, 2025
- New Document Type and Tax Regime Code: The updated version 1.9 of the Italian mandatory e-invoicing specifications introduces Document Type “TD29” for reporting omitted or irregular invoices and a new Tax Regime Code “RF20” for taxpayers under the cross-border VAT exemption established by EU Directive 2020/285.
- Revised Document Types: The description of Document Type “TD20” has been updated to eliminate scenarios now addressed by TD29, ensuring clearer categorization for invoicing purposes.
- Changes to Value and Error Codes: The update includes new value codes for fuel sales, replacing the previous code “27101943” with “27101942” and “27101944,” as well as revisions to several error codes to incorporate the new Document Type “TD29” and accommodate the cross-border VAT exemption regime.
Pakistan Implements New Electronic Invoicing Mandate for Taxpayers Effective Feb. 3, 2025
- Mandatory Electronic Linkage: All registered persons must electronically link their electronic fiscal devices with the Federal Board of Revenue (FBR) and report this linkage through the online platform.
- Electronic Invoicing Requirements: Registered persons are required to use linked devices capable of issuing electronic invoices in the prescribed format, which must be validated through FBR’s systems. Transactions must only be carried out through these linked devices.
- CCTV Monitoring and Data Storage: Taxpayers must establish CCTV monitoring in areas where these devices are used, with recordings stored for at least one month and provided to FBR upon request.
Saudi- Arabia: ZATCA Determines Criteria for Selecting Taxpayers for 20th Wave of E-Invoicing Integration
- Criteria for Inclusion in 20th Wave: The Zakat, Tax and Customs Authority (ZATCA) announced that taxpayers in Saudi Arabia with a taxable turnover exceeding SAR 1.5 million in 2022 or 2023 will be included in the 20th wave of Phase 2 e-invoicing integration, requiring compliance by October 31, 2025.
- Notification and Compliance Timeline: Affected taxpayers will receive notifications from ZATCA, and they must integrate their electronic invoicing systems with ZATCA’s platform, Fatoora, within the specified compliance period of August 1 to October 31, 2025.
- Ongoing Monitoring for Future Waves: Businesses not included in the first 20 waves should stay informed about future announcements from ZATCA regarding the integration timeline for subsequent waves to ensure timely compliance with e-invoicing regulations.
UAE e-Invoicing: A New Digital Era for Tax Compliance
- Introduction of e-Invoicing Framework: The UAE has announced a new e-Invoicing framework set to be implemented starting July 2026, aimed at enhancing tax compliance and efficiency through a Peppol-based Continuous Transaction Controls (CTC) system. This framework will initially focus on business-to-business (B2B) and business-to-government (B2G) transactions, excluding business-to-consumer (B2C) transactions.
- Implementation Timeline and Business Requirements: A phased implementation process is established, with key milestones including the accreditation of UAE service providers beginning in Q4 2024 and the release of final technical documentation in Q2 2025. All VAT-registered businesses, as well as non-VAT registered entities conducting taxable activities, must comply with the e-Invoicing requirements.
- Structured Data and Invoicing Scenarios: The e-Invoicing system will utilize the PINT AE Data Dictionary to ensure consistency and compliance across invoicing practices. It identifies 16 invoicing scenarios, each with specific data requirements, necessitating that businesses align their invoicing processes accordingly to avoid rejections and ensure proper categorization.