As of 1 January 2025, Latvian companies must issue structured e-invoices to budgetary institutions E-invoice mandate will extend to all business-to-business transactions from 1 January 2026 Multinational entities...
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Mandatory e-Invoicing Changes: What to Expect from the New Project?
New project regarding KSeF has been published by the Ministry of Finance Changes were agreed upon during consultations in 2024 E-invoices will be mandatory from February 1, 2026 Transitional periods are planned for...
Costa Rica Introduces New Technical Provisions for E-Invoices Effective June 1, 2025
New technical provisions for e-invoices in Costa Rica will come into effect on June 1, 2025 Ministry of Finance published a resolution on November 19, 2024 introducing updates for electronic invoices Updates include...
OECD FTA Plenary in Athens: Advancing Digital Transformation, Tax Certainty, and Capacity Building
OECD’s Forum on Tax Administration (FTA) held its 17th annual Plenary meeting in Athens, Greece Commissioners focused on improving tax administration globally through pilot projects, global minimum tax...
Singapore’s Summary of Responses to Draft GST Guide for InvoiceNow Requirement for Businesses
IRAS in Singapore has published a summary of responses to the draft e-Tax guide on adopting InvoiceNow for GST-registered businesses The guide outlines the requirements for businesses to adopt InvoiceNow for GST...
Singapore’s Response Summary on Draft GST Guide for Implementing InvoiceNow for GST-Registered Businesses
IRAS released a summary of responses to draft e-Tax guide on adopting InvoiceNow for GST-registered businesses Public Consultation exercise conducted from 12 June to 25 July 2024 Received over 400 comments from 60...
Singapore’s Response Summary on Draft GST Guide for Implementing InvoiceNow for GST-Registered Businesses
IRAS released a summary of responses to draft e-Tax guide on adopting InvoiceNow for GST-registered businesses Public Consultation exercise conducted from 12 June to 25 July 2024 Received over 400 comments from 60...
Denmark Expands SAF-T Requirement to Include Unregistered ERP Systems
Denmark will expand its SAF-T requirement starting January 1, 2025 The expansion will include entities using unregistered digital ERP systems This is to ensure these systems can generate compliant SAF-T files for secure...
Portugal Extends Recognition of PDF Invoices as “Electronic” Until End of 2025
Extension of PDF Invoices Validity: The recognition of PDF invoices as “electronic invoices” has been extended through December 31, 2025. These invoices must include a QR code generated by certified...
CFDI – Electronic Invoicing in Mexico
Transformation of Tax and Operations Management: The introduction of the CFDI (Comprobante Fiscal Digital por Internet) by the Tax Administration Service (SAT) has revolutionized how companies in Mexico manage tax...
Portugal Delays QES and SAF-T Mandates: What Businesses Need to Know
Extended Deadlines for QES and SAF-T: Portugal’s 2025 Budget proposes new deadlines for the Qualified Electronic Signature (QES) and SAF-T accounting submission, providing businesses additional time to comply with...
How electronic invoicing works in Colombia
Update on Validation of Support Documents for Transactions with Non-Invoicing Entities As of November 10, 2024, support documents for purchases from non-invoicing entities will be automatically rejected if the seller’s...
Bosnia and Herzegovina Prepares for Mandatory e-Invoicing: Proposed Bill for 2025
Introduction of Mandatory E-Invoicing: Bosnia and Herzegovina is drafting a bill to introduce mandatory electronic invoicing, expected to be presented to parliament in early 2025. This legislation aims to establish live...
VAT in the Digital Age (“ViDA”) – 10 key insights for success
ViDA Overview: ViDA is a significant set of EU tax reforms aimed at modernizing the VAT system to combat revenue loss and enhance efficiency, marking the biggest change since the EU’s single market introduction in...
FAQ: Mandatory E-Invoice Implementation from January 1, 2025 – Answers to Common Questions
Introduction of mandatory E-Invoice from January 1, 2025 New regulations for issuing invoices after December 31, 2024 Transition rules for mandatory E-Invoice introduction Private consumers are not affected by these...
ecosio Webinar: E-invoicing in Germany: An Update (Nov 21)
Register HERE Thursday, 21. November 2024 – 10:00 AM – 10:30 AM GMT What we’ll cover The German government recently decided to make electronic invoicing in the B2B sector mandatory in stages from 1...
Spain approves invoicing software specifications for taxpayers not using electronic VAT system
Spain has approved Order HAC/1177/2024, which came into force on 29 October 2024, detailing technical, functional, and content specifications for new invoicing software (IS) required for certain businesses not using the...
Implementing InvoiceNow: IRAS Response to Public Consultation on GST e-Tax Guide
IRAS conducted a Public Consultation on the draft e-Tax Guide “Adopting InvoiceNow Requirement for GST-registered Businesses” Received over 400 comments from 60 respondents on various topics Topics included...
Liechtenstein Fiscal Authority Announces Mandatory eVAT Requirements Effective Jan. 1, 2025
Liechtenstein Fiscal Authority issued announcement on mandatory electronic VAT requirements Effective Jan. 1, 2025 All VAT transactions must be done via new eVAT portal Taxpayers can submit transactions in paper form...
Costa Rica Introduces New E-Invoice Regulations for Tax Compliance
Costa Rica published Executive Decree No. 44739-H on 8 November 2024 The Decree establishes new regulations on electronic invoices for tax purposes These regulations update and replace the previous regulations from...
Bolivia Expands E-Invoicing Requirements for Taxpayers
Bolivia’s National Tax Service has published a new resolution, requiring a new group of taxpayers to issue only electronic tax documents starting from March 1, 2025, as part of its efforts to modernize tax processes...
Spain Updates E-Invoicing Standards with Order HAC/1177/2024
On October 17, 2024, Spain published Order HAC/1177/2024, providing updated technical guidelines for businesses and professionals using electronic invoicing systems, as announced in the Spanish Official State Gazette...
Germany Publishes Final Regulatory Guidance for Upcoming E-Invoicing Mandate
The German Ministry of Finance (BMF) released the final regulatory guidance for the mandatory e-invoicing mandate set to take effect in 2025, including updates and clarifications from the draft version. Key changes...
UAE Introduces Legislative Amendments to Support E-Invoicing Mandate
The UAE Ministry of Finance issued updates through Federal Decree-Law No. 17 of 2024 and Federal Decree-Law No. 16 of 2024 to support the upcoming e-invoicing mandate, reflecting the nation’s commitment to...
Latvia mandates e-invoicing with amendments to the Accounting Law published
From 1 January 2025, resident business and budget entities in Latvia must send e-invoices for contracts signed from this date, with B2G e-invoicing mandatory for resident companies and budget entities. A transition...
ZATCA announced the seventeenth wave of taxpayers required to comply with Phase 2 of the e-invoicing mandate
Taxpayers with annual revenue exceeding SAR 2.5 million (approximately EUR 616,000) in 2022 or 2023 must integrate with the FATOORA platform by 31 July 2025 to comply with Phase 2 of Saudi Arabia’s e-invoicing...
RTC Webinar – Beyond Compliance: A Complete Approach to e-Invoicing and e-Reporting (Nov 27)
Register HERE RTC and MSG are excited to invite you to a webinar designed to transform your understanding of e-Invoicing and e-Reporting. Join us as we explore innovative strategies and practical solutions to tackle...
Comarch Webinar: Global E-Invoicing Mandates – Trends, Strategies & Key Deadlines (Dec 3)
Register HERE When: Tuesday, December 3rd 2024 – 9:00 AM (CET) Discover key strategies to successfully implement e-invoicing in your company! In response to the increasing global trend toward digitalization, many...
