Hungary will mandate e-invoicing for the energy sector starting January 2025 The mandate applies to electricity and natural gas suppliers, including traders, distributors, and transmission system operators Non-private...
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Dominican Republic Implements Mandatory E-Invoicing Regulations Under Decree 587-24
Dominican Republic introduces new regulations for implementing Electronic Invoicing Law Decree 587-24 establishes framework for electronic invoicing, fiscal receipts, and Electronic Invoicing Fiscal System Post...
Breaking the Deadlock: Hungary’s Compromise Resolves Estonia’s Opposition to ViDA Package
Hungarian Presidency working to resolve Estonia’s opposition to ViDA package ViDA package aims to modernize EU’s VAT system for digital age Estonia vetoed package twice due to concerns over deemed supplier...
Hungary brokers EU agreement on ViDA, set for formal approval on Nov. 5
Hungary has brokered an agreement on a value-added tax update for the EU The agreement clears the way for formal approval by finance ministers on Nov. 5 This update will impact how VAT is applied in EU countries Source:...
EU VAT Reforms: Balancing Short-Term Costs with Long-Term Business Benefits
Stalled Reforms Resolved: The European Commission’s ViDA proposals faced delays due to Estonia’s concerns about VAT implications for platform operators in short-term accommodation and transport, but these...
New Law Requires E-Invoices for Businesses: Parliament’s Decision
Parliament has passed a law requiring e-invoices to be used The law aims to streamline invoicing processes and reduce paper usage Businesses will be required to switch to e-invoices for all transactions The law is...
Official Bulletins State VERI*FACTU Billing Processes Development of Technical Specifications and Content Standards
The Order HAC/1177/2024 develops technical specifications for billing processes It only affects those who invoice through an electronic billing system Manual invoicing does not fall under the regulations for electronic...
ViDA – Updated Draft Council Directive amending Directive 2006/112/EC as regards VAT rules for the digital age
Click HERE for the Updated VAT Directive 2006/112 EC to implement ViDA On the Ecofin meeting on November 5, 2024, Delegations of the EU Member States will find attached the text of the abovementioned draft Council...
Panama: Updates on the E-Invoicing Platform
Upcoming Maintenance Announcement: The Directorate General of Revenue (DGI) in Panama has announced scheduled maintenance for the electronic invoicing platform from September 19 to September 27, 2024, which may...
Jordan on the Road to Electronic Invoicing with JoFotara
Launch of JoFotara System: As of September 25, 2024, Jordan is preparing to implement the JoFotara electronic invoicing mandate, overseen by the Income and Sales Tax Department (ISTD) in collaboration with the Ministry...
UAE releases legislative amendments for the upcoming e-invoicing mandate
Introduction of Legislative Updates: The UAE Ministry of Finance has introduced updates to legislation following the launch of a dedicated e-invoicing obligation landing page, reinforcing the country’s commitment...
Latvia Moves Forward with Mandatory E-Invoicing
Mandatory E-Invoicing Implementation: Latvia is set to implement mandatory electronic invoicing, with support from the Cabinet of Ministers as announced by the Ministry of Finance on September 24, 2024, following public...
IDC MarketScape: European Compliant e-Invoicing 2024 Vendor Assessment
Summary of the IDC MarketScape: European Compliant e-Invoicing 2024 Vendor Assessment: Transformative Market Shift: The European e-invoicing market is undergoing significant changes due to mandatory e-invoicing and e...
Dominican Republic Regulations on Application of Mandatory E-Invoicing
The Dominican Republic’s Directorate General of Internal Revenue (DGII) issued Notice 20-24 regarding Decree 587-24, which provides new regulations for the implementation of the Electronic Invoicing Law (Law 32...
UAE releases legislative amendments for the upcoming e-invoicing mandate
UAE has announced the issuance of Federal Decree-Law No. 17 of 2024, which amends key provisions of Federal Decree-Law No. 28 of 2022 of tax procedures. Additionally, Federal Decree-Law No. 16 of 2024 introduces...
E-Invoicing Exchange Summit Kuala Lumpur 2024 (Nov 25-27)
Source: Exchange Summit Press Release E-Invoicing Exchange Summit Asia Pacific: Actionable Steps for Compliance and Efficiency with E-Invoicing Switzerland, October 2024 – The E-Invoicing Exchange Summit Asia Pacific...
Webinar SNI – Recorded & Presentation – Navigating Germany’s B2B e-Invoicing Mandate: What B2B Companies Need to Know to Stay Compliant
We held “Navigating Germany’s B2B e-Invoicing Mandate: What B2B Companies Need to Know to Stay Compliant” webinar on Wednesday, October 9. SNI Regulatory Affairs Associate Cansu Gölpınar and Account Specialist Serra...
Electronic Invoicing Becomes Mandatory in Belgium starting January 2026
Legislation and Effective Date: The Belgian Parliament has approved the Electronic Invoicing law, which will require all businesses to use structured electronic invoices starting January 1, 2026. This excludes the B2C...
E-Invoicing: Draft Act Amending the Act Amending the Act on Value Added Tax and Certain Other Acts
Postponement of E-Invoicing Implementation: The draft act amends the previous KSeF Act by postponing the mandatory implementation of e-invoicing in the National e-Invoicing System (KSeF) to February 1, 2026, to allow...
E-Invoicing Moves Closer in UAE as VAT Law Updates Cover Key Provisions
CLICK HERE to Listen on Spotify to a Podcast on E-Invoicing in the UAE The Ministry of Finance, UAE, has announced the first set of VAT legislative amendments to support the upcoming e-invoicing mandate. Key Amendments...
MoF Introduces Amendments to VAT and Tax Laws for eInvoicing Implementation
Ministry of Finance (MoF) has issued Federal Decree-Law No. 17 of 2024 amending tax procedures and Federal Decree-Law No. 16 of 2024 amending Value Added Tax (VAT) provisions Updates are aimed at implementing the...
Digital Transformation Strategies: Paving the Way for Continuous Value Creation
Alignment with Business Goals: Successful digital transformation requires businesses to define clear objectives that align with their strategic goals. Leaders must ensure that digital initiatives enhance customer...
E-Invoicing in Malaysia
Mandatory E-Invoicing Implementation: E-invoicing is currently mandatory for large companies in Malaysia via the MyInvois platform, covering all transaction types (B2G, B2B, B2C), with a phased rollout for smaller...
Webinar Taxback: Webinar: The Impact of E-Invoicing, ViDA, and AI on Future VAT Compliance (Nov 12)
The Impact of E-Invoicing, ViDA, and AI on Future VAT Compliance The landscape of VAT compliance is evolving rapidly as digitalisation reshapes how businesses handle indirect taxes. Join our exclusive...
Electronic Invoice and Tax Administration: Clarification on Payroll Payment Support Document.
The DIAN added the Unified Concept 106 of 2022 through Concept 13703 of 2024 to clarify aspects related to generating electronic payroll payment support in the land transport service. The company providing the land...
Mexico’s CFDI E-Invoicing System: Global Invoice Requirements and Compliance Guidelines
E-invoicing system in Mexico requires transactions to be created as CFDI and submitted to authorities for legal compliance Applicable to all invoice issuers and recipients except for foreign digital service providers...
UAE VAT Law Amended to Include Electronic Invoices: Streamlining Processes for Compliance
UAE VAT law amended to include electronic invoices Changes driven by upcoming e-invoice mandate First time VAT law includes electronic invoice and credit note definitions Ministry of Finance to regulate electronic...
Poland’s Draft Law on KSeF Simplification Included in Council of Ministers’ Agenda
A draft law proposing changes to Poland’s KSeF e-invoicing system has been added to the Council of Ministers’ agenda. The proposal aims to make the system simpler for taxpayers to implement and use...
