The UK government is rolling out a nationwide e-invoicing initiative as part of its Digital Transformation Roadmap, with full implementation expected by spring 2025. The initiative aims to simplify invoicing processes...
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VAT in the Digital Age (VIDA) Package Agreement Set for 5 November 2024
EU member states are nearing an agreement on the VAT in the Digital Age (VIDA) package, with official approval expected on 5 November 2024 at the ECOFIN meeting, followed by a consultation with the European Parliament...
E-Invoicing & E-Reporting developments in the news in week 44/2024
Click HERE for the PODCAST version discussing ”E-Invoicing & E-Reporting developments in the news in week 44/2024” Follow the latest updates on E-Invoicing and Real Time Reporting on www.vatupdate...
EU’s New ViDA Proposal: Streamlining VAT Systems for ECOFIN Approval
The Council of the European Union has released a new proposal for tax reform called VAT in the Digital Age (ViDA) The proposal aims to modernize and streamline VAT systems across the EU, particularly in e-invoicing and...
Over 150,000 emails sent by AADE for issuing and transmitting digital invoices to myDATA
The Independent Authority for Public Revenue (AADE) sent over 150,000 emails for issuing and transmitting digital documents circulation to myDATA The AADE sent 154,910 reminder emails for the issuance and transmission...
Ecofin aims for political agreement on VAT in the digital age
Ecofin Council aims to reach a political agreement on the VAT in the Digital Age (ViDA) directive ViDA proposal includes digital reporting obligations, addressing challenges of the platform economy, and a single VAT...
UAE Updates Guidance on B2B and B2G E-Invoicing Launch Plan for July 2026 Introduction
UAE has updated guidance on the introduction of B2B and B2G e-invoicing in July 2026 Phased launch plan includes issuance of technical requirements in Q4 2024, draft legislation in Q2 2025, rollout strategy in Dec 2025...
Latvian Parliament Enacts Mandatory E-Invoicing Law for B2G and B2B Transactions by 2026
Latvian Parliament has introduced mandatory structured e-invoicing and digital reporting for B2G and B2B transactions E-invoicing mandatory for B2G transactions from January 1, 2025, and for B2B transactions from...
ViDA Proposal: Streamlining VAT Systems in the Digital Age for ECOFIN Approval
The Council of the European Union has released a new proposal regarding the VAT in the Digital Age (ViDA) reform The proposal aims to modernize and streamline VAT systems across the EU, notably e-invoicing and...
ViDA – Changes to the EU VAT Directive 2006/112 – Old vs. New articles
Click HERE for an overview of the changes in the EU VAT Directive 2006/112/EC related to the ViDA proposal – Old version of the relevant articles vs new articles. The changes vs. the previous version issued in May...
Belgium’s Mandatory E-Invoicing: Compliance Details and Software Solutions for Businesses
Belgium will require mandatory e-invoicing for B2B transactions starting January 1, 2026 The mandate aims to streamline operations and combat VAT fraud Microenterprises and B2C transactions are excluded from the...
EU Council Considers Extending Italy’s Mandatory E-Invoicing to Combat Tax Fraud and Improve Compliance
EU Council considering extending Italy’s mandatory e-invoicing authorization until December 31, 2025 Aim is to reduce VAT fraud and improve tax compliance Italy’s e-invoicing system has increased VAT revenue...
NBR Trials e-Invoice for VAT System, Dumps Device-Based Taxing After Long Piloting
NBR is introducing e-invoice system to automate VAT collection Device-based taxing system being dumped after prolonged piloting E-invoicing to be introduced in phases starting with large taxpayers EoI invited to hire...
Recent VAT Revisions in the UAE: Roadmap for E-Invoicing Implementation and Governance Structure Review
UAE Ministry of Finance issued Federal Decree-Law No. 16 of 2024 amending VAT provisions Amendments focus on implementation of e-invoicing in UAE by Q2 2026 Businesses encouraged to review amendments and assess...
UAE VAT Law Amendment: Introduction of e-Invoicing and Key Changes Effective October 30, 2024
UAE VAT Law has been amended through Federal Decree Law No. 16 of 2024 Amendments pave the way for the introduction of e-Invoicing in the UAE Ministry of Finance published a dedicated section on e-invoicing on their...
UAE Mandates Electronic Invoicing by July 2026: International Impact and Implementation Timeline
UAE Ministry of Finance plans to mandate electronic invoicing from July 2026 Invoices will be exchanged in near-real-time in a standardized format through the PEPPOL network Taxpayers will report invoice data through...
EU Agrees to Increase VAT on Sharing Economy Platforms, Including Airbnb and Uber
EU diplomats have agreed on VAT rule reforms that will increase taxes on sharing economy platforms like Airbnb and Uber Estonia initially blocked the proposed law but has now dropped its veto position The new rules aim...
EU Agrees to Increase VAT on Airbnb and Uber After Estonia Withdraws Objection
EU diplomats have agreed to hike taxes on Uber and Airbnb Estonia dropped its opposition to imposing up to 25% value-added tax on online platforms The reform to VAT rules will mean tax hikes on short-term rental and...
EU VAT Reforms Tracker: 2025-2035
EU is implementing an extended program of reforms to its Value Added Tax regime Reforms started with the 2016 Tax Action Plan and include over ten reforms Includes the 1 July 2021 e-commerce VAT package and VAT in the...
Hungary to Crack Down on VAT Fraud in Electricity and Gas Trading with Electronic Invoicing
Hungary is cracking down on VAT fraud in the trading of electricity and natural gas Separate from the real-time reporting obligation Starting January 1, 2025, electronic invoicing required for non-private person...
UK Government to Launch Public Consultation on E-Invoicing in 2025
UK government confirms launch of public consultation on e-invoicing Consultation to establish standards and promote adoption of electronic invoicing No details yet on framework being introduced UK moving towards...
Dominican Republic E-Invoicing Regulations: Decree 587-24 Implementation Guidelines for Taxpayers
The Dominican Republic has promulgated Decree 587-24 to establish regulations for the application of the Electronic Invoicing Law. The regulations apply to all individuals and entities in the Dominican Republic...
Poland’s e-Invoicing Revolution: Key Amendments to KSeF Law for Modernization and Compliance
Poland’s Ministry of Finance announced amendments to e-Invoicing legislation to refine the National e-Invoicing System (KSeF) The Draft Act introduces phased implementation starting in 2026 and extends deadlines...
Navigating Spain’s New e-Invoicing Mandate: RTC Suite Ensures Real-Time Compliance with Flexible Formats
Spain is implementing mandatory electronic invoicing (e-Invoicing) for both Business-to-Government (B2G) and Business-to-Business (B2B) transactions Two key laws, Law 25/2013 and Law 18/2022, are driving this...
Council of the European Union Meeting: Economic and Financial Affairs Agenda Overview, November 5, 2024
The Council of the European Union will convene on Economic and Financial Affairs on November 5, 2024 in Brussels Key agenda topics include modernizing VAT for the digital age, supporting economic recovery and resilience...
E-invoicing Consultation and Split Payments: Impacts, Implementation, and Challenges Ahead
E-invoicing consultation announced for businesses to consider impacts Split payments, also known as “real-time extraction”, collect VAT on online sales and transfer it directly to HMRC HMRC keen to introduce...
UK E-Invoicing Initiative: Shaping the Future of Digital Invoicing Consultation
UK government plans to encourage increased use of e-invoicing among businesses and government departments Benefits of e-invoicing include reducing administrative burdens, enhancing cash flow, boosting productivity, and...
Mandatory KSeF Implementation: Key Dates and Project Overview for 2026 Tax Changes
Mandatory implementation of KSeF (National e-Invoice System) for all taxpayers Key dates for implementation: February 1, April 1, July 31, and September 30, 2026 Introduction of mandatory KSeF was postponed, with new...
