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E-Invoicing & E-Reporting developments in the news in week 42/2024

3 months ago
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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.

HIGHLIGHTS

  • France
    • In a press release of Oct 15, 2024, DGFIP announced that the PPF (Public Portal) will from now on be used as a Directory and e-reporting portal, but will no longer be used as one of the means to actually exchange electronic invoices.
      • Transition to Electronic Invoicing: The French government is supporting the widespread adoption of electronic invoicing to enhance business competitiveness by improving payment times and streamlining billing processes.
      • Implementation Timeline: Starting September 1, 2026, all businesses must be able to receive electronic invoices, with large and medium-sized enterprises required to issue them. By September 1, 2027, small and micro-enterprises will also need to issue electronic invoices.
      • Platform Registration: Over 70 digital platforms have been provisionally registered by the DGFiP, indicating strong interest and readiness from the ecosystem for this reform.
      • Support and Infrastructure: The government is developing a recipient directory and a data hub to facilitate exchanges between platforms and ensure data transmission to tax authorities.
      • Ongoing Collaboration: The administration will continue to work closely with key stakeholders, including digital platforms, professional federations, and software providers, to ensure a smooth transition.
  • Germany – BMF circular on the application the e-invoicing mandate – unofficial translation in English added
    • Launch of Mandatory B2B E-Invoicing: Germany’s Ministry of Finance announced that mandatory B2B e-invoicing for resident businesses will begin on 1 January 2025, with a phased rollout extending until early 2028.
    • Scope and Regulations: The final letter outlines the mandate’s scope, acceptable formats (including EN16931), transmission methods, storage, and input deductions, while leaving specific transmission details to be determined by mutual agreement between businesses.
    • Permitted Formats: The XRechnung standard and ZUGFeRD version 2.0.1 are allowed, along with other national formats that comply with Directive 2014/55/EU, including the French Factur X and Peppol-BIS Billing formats.
  • European Union – ViDA
    • Hungary’s Proposal: Hungary, holding the EU Council presidency, proposed new options to advance the EU VAT Bill amid Estonia’s blockade.
    • Estonian Blockade: Estonia has twice vetoed the final pillar of the VAT in the Digital Age (ViDA) package due to opposition to mandatory VAT deemed supplier obligations for platforms.
    • 10-Year Opt-Out: Hungary suggested a 10-year opt-out option for member states from the deemed supplier VAT obligations for all platforms.
    • Simplified Opt-Out: Hungary also proposed a simplified version of the Belgium presidency’s original May 2024 opt-out option for SME platforms only.
    • Member State Flexibility: Member states can opt out without needing to provide significant justification under Hungary’s proposals.
  • Belgium Federal Public Service issued list of Software solutions for sending, receiving and processing electronic invoices
    • To send, receive and process structured electronic invoices, you need software connected to the Peppol network. If your current software is not ready, you can find compliant software solutions in the list provided. The FPS Finance publishes this list as a service, but cannot be held liable for any damage. The inclusion of software on this list does not imply any assessment or recommendation by the FPS Finance. The accuracy of the data is the responsibility of the registered company. This list is not exhaustive.
  • European Union – Italy
    • In April 2024, Italy requested authorisation from the European Commission to continue applying electronic invoicing obligation. The main reasons for it were combatting tax fraud and evasion, simplifying tax compliance, and reducing business administrative costs.
    • The proposal decision published on 10 October 2024 specifies that Italy should be granted further derogation either until 31 December 2025 or until the date from which the Member States may apply national decisions following the adoption of the ViDA proposal.
    • The EU Council has previously amended the initial decision from 2018 by EU 2021/2251, authorising Italy to apply the special measure until 31 December 2024, continue applying mandatory e-invoicing and extend the scope to cover small enterprises.
  • Malaysia’s New E-Invoicing Requirements: IRBM Updates Guidelines for Businesses
    • Updated E-Invoicing Guidelines: The Inland Revenue Board of Malaysia (IRBM) released updated e-invoicing guidelines on October 4, 2024, in conjunction with the Income Tax (Issuance of Electronic Invoice) Rules 2024.
    • Implementation Dates: E-invoicing requirements will be enforced based on annual turnover: from October 1, 2024, for businesses exceeding MYR 100 million; from January 1, 2025, for those between MYR 25 million and MYR 100 million; and from July 1, 2025, for all other taxpayers.
    • Penalty Enforcement: The specified implementation dates indicate when enforcement actions for non-compliance will begin, with penalties starting from October 1, 2024, for high-turnover taxpayers, while prior implementation dates still apply.
    • Exemptions from E-Invoicing: Certain entities are exempt from e-invoicing rules, including foreign diplomatic offices, non-business individuals, statutory bodies, and organizations with annual revenues below MYR 150,000, particularly for transactions before July 1, 2025.
    • Supplier Responsibilities: Suppliers providing goods or services to exempt entities must still issue e-invoices according to the established implementation timeline, ensuring compliance with the new regulations.
  • Portugal’s 2025 Budget proposes delays for QES requirement and SAF-T submission adoption
    • Postponement of QES Requirement: The implementation of the Qualified Electronic Signature (QES) requirement has been delayed multiple times, now proposed to take effect on 1 January 2026, allowing businesses more time to adapt.
    • Validity of Invoices: If approved, PDF invoices without a QES will remain valid for tax purposes until the end of 2025, providing businesses with a grace period.
    • Deferred SAF-T Submission: The mandatory submission of the accounting SAF-T file, initially set for 2026, is proposed to be postponed to 2027, giving companies additional time to ensure compliance with accounting systems.
  • Spain Delays B2B E-Invoicing Mandate to 2027: New Compliance Roadmap Unveiled
    • Delay Announcement: Spain has postponed its B2B e-invoicing mandate to 2027 due to technical challenges, initially expected as early as July 2025.
    • Reasons for Delay: The delay stems from difficulties in developing the technical framework and syntax design needed for the e-invoicing regulations.
    • Revised Rollout Plan: In 2027, large taxpayers (turnover over €8 million) will comply, followed by all other businesses in 2028, phased 12 and 24 months post-regulation publication, respectively.
    • Preparation Time: The postponement provides businesses more time to prepare, with large companies ready by 2027 and smaller businesses by 2028; VERIFACTU compliance begins January 2026.
    • Commitment to E-Invoicing: The delay ensures a robust technical infrastructure, minimizing errors and disruptions, with Spain committed to a careful, phased implementation strategy.

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