E-Invoicing & E-Reporting developments in the news in week 17/2025

New LinkedIn Group: Global E-Invoicing & Real Time Reporting developments

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.

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HIGHLIGHTS OF WEEK 17/2025

Germany Equates Peppol BIS Billing 3.0 and XRechnung for E-Invoicing with Public Authorities
- Interchangeability of Formats: E-invoicing in Germany has become more flexible with the integration of XRechnung requirements into Peppol BIS Billing 3.0, allowing both formats to be used interchangeably for electronic invoicing. This is a significant advancement toward greater interoperability and efficiency in the Business-to-Government (B2G) landscape.
- Compliance and Standards: Both Peppol BIS Billing 3.0 and XRechnung are based on the European standard EN16931, ensuring that they meet similar mandatory content requirements for electronic invoices. However, while Peppol supports cross-border invoicing, XRechnung is specifically tailored for the German public sector.
- Technical Considerations: The adoption of a “German National Ruleset” within Peppol BIS Billing 3.0 has adjusted validation rules to enhance its equivalence with XRechnung. Nonetheless, organizations must be aware of technical limitations, as certain XRechnung extensions and specific syntax requirements may not be compatible with Peppol.
US and EU Join Forces to Improve e-Invoicing Compatibility
- Joint Commitment to Interoperability: The United States and the European Union are collaborating to enhance e-invoicing interoperability through the Global Trade Challenges Working Group. They aim to reduce transaction costs and promote efficiency by establishing principles such as “connect once, connect with everyone” and ensuring no roaming fees between Access Points.
- Alignment of Standards and Frameworks: Both regions are working towards greater compatibility in their e-invoicing frameworks. While the EU has a regulatory framework based on Directive 2014/55/EU and the EN 16931 standard, the U.S. relies on industry initiatives. The U.S. profiles are modeled after the European standard, leveraging the OASIS Universal Business Language to ensure a high degree of alignment.
- Benefits of Enhanced Cooperation: Improved interoperability in e-invoicing is expected to accelerate invoice processing, enhance cash flow, and reduce complexities and costs for businesses, particularly for SMEs. This cooperation not only facilitates smoother cross-border transactions but also opens up opportunities for innovative applications in areas like supply chain optimization and payment automation.
The Hungarian Ministry of National Economy starts preparations for the implementation of ViDA
- The NGM, in partnership with KPMG, has initiated an autonomous questionnaire survey targeting taxpayers and service providers in taxation, accounting, and invoicing to support the implementation of ViDA.
- The survey aims to collect insights from representatives of large businesses, accountants, and tax advisors regarding invoicing, data reporting, and VAT reporting processes.
- The gathered opinions will help enhance the operational, technological, and organizational infrastructure necessary for the successful execution of ViDA.
Pakistan’s e-Invoicing Mandate: FBR Sets Integration Deadlines for Corporate and Non-Corporate Entities
- The Federal Board of Revenue (FBR) of Pakistan has mandated the integration of electronic invoicing systems for corporate and non-corporate registered entities, with key deadlines set for May 1, 2025, for corporate entities and June 1, 2025, for non-corporate entities, specifically targeting businesses in the fast-moving consumer goods (FMCG) sector.
- The integration requires businesses to electronically link their invoicing systems with the FBR’s computerized platform through licensed integrators or Pakistan Revenue Automation Limited (PRAL), ensuring real-time generation and transmission of sales tax invoices in compliance with existing sales tax regulations.
- This initiative, formalized under the Sales Tax Act and Rules, aims to enhance digital compliance, improve real-time reporting, reduce tax evasion, and foster a data-driven tax administration environment in Pakistan, urging FMCG businesses to prepare promptly for the integration deadlines.
Taiwan – E-Invoicing Updates: Key Amendments and Implementation Timeline for 2025
- New E-Invoicing Regulations and Timeline: The Vietnamese government has announced amendments to its national e-invoicing regulations, which will take effect on June 1, 2025. These updates are part of a broader tax reform and digital transformation initiative, including a new VAT Law and provisions for e-commerce platform operators.
- Expanded Eligibility and Clarified Issuance Rules: The amendments broaden the scope of entities eligible to use e-invoices to include non-resident suppliers engaged in e-commerce, individual businesses, and households that can authorize third parties to issue e-invoices. The timing for issuing e-invoices, especially for exported goods and specific sectors like banking and e-commerce, has been clarified to enhance compliance.
- Detailed Invoice Content Requirements: New regulations specify the necessary information to be included on e-invoices, such as buyer identification numbers and detailed descriptions of goods and services. The decree also addresses the replacement and adjustment of e-invoices, expands the scope of prohibited acts related to invoicing, and updates reporting templates, all aimed at modernizing Vietnam’s tax system in line with digital economy needs.