Germany is introducing mandatory e-invoicing for B2B transactions starting on 1 January 2025 Transitional rules will apply through 2027 to help companies manage implementation costs E-invoicing is the exchange of...
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EU VAT in the Digital Age: Challenges, Progress, and Preparation for Businesses
ECOFIN meeting on 21 June 2024 did not reach agreement on ViDA proposals due to Estonia’s objections ViDA aims to modernize EU VAT system for digital economy, close VAT gap, ensure compliance, prevent fraud ViDA...
2 months ago
Maintenance to VAT invoice service platform, VAT invoice verification platform, and VAT special invoice online authentication
The Tianjin Municipal Taxation Bureau will suspend online service systems for maintenance and upgrades Maintenance and upgrades will be conducted on the VAT invoice management system and electronic tax bureau The...
2 months ago
Saudi Arabia E-Invoicing: Regulations, Implementation, and Compliance Guide
KSA e-invoicing software is part of economic digitization activities in Saudi Arabia Aim is to replace paper-based invoices with electronic process E-invoicing involves creating, issuing, and saving digital invoices...
2 months ago
Understanding e-Invoice Exemptions in Malaysia: Who is Required and Who is Exempt?
Malaysia is adopting e-invoicing to streamline operations and ensure compliance, but not every entity is required to issue electronic invoices. Understanding e-invoice exemptions in Malaysia is crucial for businesses...
2 months ago
How Tax Software Can Simplify Your Online VAT Payments
Businesses are increasingly using online tax software, such as Taxually’s OneTax platform, to streamline VAT payments. This software simplifies the complex process of managing VAT payments across borders by...
2 months ago
Feature Focus: Visibility of EDI Relations Within the ecosio.monitor
The ecosio. monitor aims to simplify access to all relevant EDI information in one place, including detailed message information and EDI partner permissions known as “EDI relations”. Visibility of EDI...
2 months ago
Webinar RTC – Get Ready for Malaysia’s e-Invoicing Mandate: Key Insights and APAC Impact (July 17, 2024)
Register HERE Join us for an in-depth webinar on “Key Insights into Malaysia’s e-Invoicing Mandate” hosted by RTC. This webinar will provide a thorough understanding of Malaysia’s e-Invoicing requirements, focusing on...
2 months ago
Lithuanian SABIS Platform and B2G e-Invoicing
Starting July 1, 2024, Lithuania will transition its e-invoicing system for business-to-government transactions to the General Account Administration Information System (SABIS), replacing the E. sąskaita platform. The...
2 months ago
2024 Hungary eInvoicing Country Sheet
The National Tax and Customs Administration of Hungary (NAV) is responsible for eInvoicing regulation in Hungary. The Act CXXVII of 2007 on Value Added Tax allows for electronic issuance of invoices. The Act LXXXIII of...
2 months ago
Mandatory Electronic Invoicing for Domestic Entrepreneurs in Germany: Tax Law Implications from 2025
Electronic invoicing between domestic entrepreneurs will be mandatory from January 1, 2025 Transitional periods until January 1, 2028 at the latest Entrepreneurs must be able to receive and store e-invoices to deduct...
2 months ago
Latest updates of e-invoice guidelines and SDK for MyInvois System (API)
The Malaysian Inland Revenue Board updated the Software Development Kit version 1.0 and e-invoicing guidelines to help taxpayers prepare for the upcoming countrywide e-invoicing mandate. The updates include changes to...
2 months ago
ZATCA further expands the scope of taxpayers to comply with Phase 2
On 28 June 2024, ZATCA announced that taxpayers with revenues exceeding SAR 7 million during 2022 or 2023 are required to comply with Phase 2 requirements from 1 January 2025. The thirteenth wave of the Integration...
2 months ago
Mandatory CTC Electronic Invoicing model in Malaysia as of August, 2024
Key Dates for Mandatory Electronic Invoicing in Malaysia Electronic Invoicing Model in Malaysia: Clearance Using Peppol for Electronic Invoicing in Malaysia How does self-billing electronic invoicing work in Malaysia...
2 months ago
How the Online Electronic Invoice System works – FEL de Guatemala
From Face to FEL Electronic Tax Documents – DTE’s Types of DTE’s Who must adhere to the FEL electronic invoice system? Online Electronic Invoicing System – FEL Requirements to become an...
2 months ago
No EU ViDA agreement until Autumn 2024
VAT in the Digital Age won’t return to ECOFIN for agreement until October or November 2024
Source vatcalc
Join the LinkedIn Group on ”VAT in the Digital Age” (VIDA), click HERE
2 months ago
Minister delays changes in JPK_VAT due to e-invoice obligation shift to 2026
The Minister has postponed changes in JPK_VAT until February 1, 2026 This is due to the delay in the obligation to send structured invoices through the National e-Invoice System The postponement is a result of the...
2 months ago
Romania Extends E-Invoicing Concessions to Ease Transition: International Update Jul. 9, 2024
Romanian authorities have extended the period for businesses to forward electronic invoices without penalties Electronic invoicing obligations for business-to-business transactions were launched on January 1, 2024...
2 months ago
DIAN Procedure for Temporary Closure of Business Establishment Due to Lack of Electronic Invoicing Compliance
The DIAN issued press release 038 of 2024 outlining the procedure for temporarily closing a commercial establishment. The procedure includes a visit to the taxpayer to provide guidance on tax obligations. If...
2 months ago
Smart Invoice: Mandatory e-Invoicing Compliance in Zambia Explained
Zambia has introduced the Smart Invoice system to streamline tax compliance and reduce fraud Starting from July 1, 2024, all businesses in Zambia must transition to the Smart Invoice electronic billing system The Smart...
2 months ago
E-Invoicing in Sweden
B2G E-Invoicing Mandatory for all B2G transactions since 2019. There is no central platform: the use of the Peppol network and the Peppol BIS 3.0 format is highly recommended but legacy formats are still allowed. B2B E...
2 months ago
Spain 2024 eInvoicing Country Sheet
The responsible authorities for eInvoicing in Spain are the Ministry of Economic Affairs and Digital Transformation via the Secretary General for Digital Administration (SGAD), the Ministry of Finance via the General...
2 months ago
Saudi Arabia announces 13th wave of Phase 2 e-invoicing integration
Saudi Arabia’s Zakat, Tax and Customs Authority has announced the criteria for taxpayers to be included in the 13th wave of Phase 2 e-invoicing integration. Taxpayers resident in Saudi Arabia, with a taxable...
2 months ago
Top Advanced Features in Modern ERP Systems (Explained for Beginners)
Thanks to technological advancements, business owners can now leverage the latest and most efficient Enterprise Resource Planning (ERP) features. These include advanced data analytics, embedded AI, and real-time...
2 months ago
Updated specifications of XRechnung (3.0.2) and XBestellung (1.0) in Germany
The German Office for the Coordination of IT Standards (KoSIT) has updated the XRechnung 3.0.2 and XBestellung 1.0 specifications for e-Invoicing and electronic ordering. The updates to XRechnung 3.0.2 include...
2 months ago
Waiting for ViDA: Modernizing VAT for the Digital Age
The EU’s VAT in the Digital Age (ViDA) proposal aims to modernize the current VAT system by addressing e-invoicing, platform economy complexities, and simplifying multi-country VAT registration. ViDA’s key...
2 months ago
Singapore implements Invoice Response for B2G invoices
The Accounting General Department (AGD) has introduced the Invoice Response document for B2G suppliers to receive real-time status updates for e-invoices sent via InvoiceNow (Peppol). Singapore has implemented...
2 months ago
Ministry of Finance adjusts JPK_VAT deadlines for KSeF implementation by July 8, 2024
Ministry of Finance modifies deadlines for adjusting JPK_VAT to KSeF to July 8, 2024 Businesses have extra time to adapt to new requirements until July 31, 2026 Obligation to include data from simplified invoices in...
2 months ago
