Ministry of Finance published the assumptions for the draft law on VAT in the National e-Invoice System (KSeF) on October 28, 2024 Significant modifications will be introduced in the planned mandatory e-invoicing system...
All Technology Posts
UAE to Implement Mandatory E-Invoicing for B2B and B2G Transactions by 2026
UAE Ministry of Finance to implement mandatory e-invoicing for B2B and B2G transactions Implementation to occur in three stages: accreditation of service providers, updates to legislation, official launch in July 2026...
Peppol E-invoicing: Simplifying Cross-Border Procurement and Invoicing Across Asia and Europe
Global adoption of electronic invoicing is increasing, with governments pushing for e-invoicing to digitize fiscal controls and close the VAT gap Different countries have their own e-invoicing mandates, making it...
The Ultimate Guide to e-Invoicing in the UAE: Prepare Your Business for 2026
E-invoicing is a modern approach to billing processes, replacing paper-based operations with digital transmission, receipt, and storage of invoices It is widely adopted across industries globally, driven by the surge in...
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...
E-Invoicing in the USA
Mandatory B2G E-Invoicing: E-invoicing is mandatory for federal agencies in the USA for “appropriate federal procurements” since 2018, as directed by the US Office of Management and Budget (OMB). However...
Germany: Mandatory B2B E-Invoicing from 1 January 2025
Mandatory E-Invoicing Introduction: Germany will mandate e-invoicing for B2B transactions starting 1 January 2025. There will be a transitional period where businesses must adapt their invoicing systems, with full...
How German SMEs Can Transition to E-Invoicing: A Practical Guide
Transition to E-Invoicing: Germany is moving from paper invoices to electronic invoicing, with federal authorities set to introduce e-invoicing systems for non-governmental business transactions starting January 2025...
Malaysia’s e-invoicing mandate second phase begins January 2025
Expansion of E-Invoicing Mandate: Following the first phase in August 2024, the Inland Revenue Board of Malaysia (IRBM) is expanding mandatory e-invoicing to businesses with annual turnovers between RM 25 million and RM...
Spain releases Order HAC/1177/2024 with updated Veri*Factu technical specifications
Publication of Order HAC/1177/2024: On 17 October 2024, the Spanish Official State Gazette (BOE) published Order HAC/1177/2024, outlining specifications for computer and electronic invoicing systems (SIF) to ensure...
UAE releases a dedicated landing page for the previously announced CTC mandate
UAE’s new e-invoicing system adopts a decentralized 5-corner model using the Peppol network for seamless invoice exchange. Only certified providers can submit data to a centralized platform managed by the Tax...
Malaysia’s e-invoicing mandate second phase begins January 2025
IRBM’s second phase of mandatory e-invoicing starts 1 January 2025 for companies with turnovers between RM 25 million and RM 100 million. E-invoices must be submitted in UBL2.1 XML or JSON formats, covering...
Malaysia’s 2024 Updated E-Invoicing Guidelines
Malaysian Inland Revenue Board released updated guidelines on e-invoicing requirements Mandatory e-invoicing phased implementation starting August 1, 2024 Taxpayers with annual turnover exceeding 100 million ringgits...
Official Publication of VeriFactu Regulations for Billing Systems in Spain by Order HAC/1177/2024
Order HAC/1177/2024 has been published by the BOE in Spain Sets official technical and functional specifications for billing systems under VeriFactu Compliance deadline for manufacturers is July 29, 2025 Part of...
Deadline Approaching for Mandatory Electronic Invoicing Extension
Italy is seeking an extension of mandatory electronic invoicing authorization from the EU Council Current authorization expires December 31, 2024 The electronic invoicing system has shown significant benefits: Detected...
VAT Expert Group meeting – Minutes 37th meeting on October 4, 2024
Link – VEG 122 – Minutes 37th VEG meeting 04-10-2024 Summary of the 37th VAT Expert Group Meeting Brussels, 21 October 2024 The 37th meeting of the VAT Expert Group (VEG) was held on 4 October 2024 via...
Group of the future of VAT – Minutes 46th GFV meeting on October 9, 2024
Link – GFV 140 – Minutes 46th GFV meeting 09-10-2024 Future of VAT: Key Takeaways from the 46th Meeting of the European Commission’s Group on the Future of VAT Brussels, 23 October 2024 – The European...
What Is UUID (Universal Unique Identifier)?
Definition and Purpose: A UUID is a 128-bit identifier designed to uniquely identify data across various systems without the need for a central authority, ensuring global uniqueness and minimizing duplication. Structure...
Germany Finalizes Mandatory E-Invoicing Guidelines for B2B Sector Starting January 2025
Germany has finalized its e-invoicing guidance, with changes from the draft released in June 2024 The new rules apply from 1 January 2025 Mandatory electronic invoicing in the B2B sector was introduced with the Growth...
Official Bulletins: VERI*FACTU Billing Processes under HAC/1177/2024 Order, Effective 29 October 2024.
The Official Bulletins VERI*FACTU Billing Processes Order HAC/1177/2024, of October 17, which develops technical, functional, and content specifications referred to in the Regulations establishing requirements for...
How E-invoicing can Transform your Business
In 2026, Belgium will make e-invoicing mandatory for most local B2B transactions performed by Belgian companies or fixed establishment of foreign companies , with fiscal incentives kicking in as early as 2025. Source:...
UAE’s Ministry of Finance Unveils Overview of Planned E-Invoicing Model
UAE’s Ministry of Finance recently unveiled an overview of the country’s e-invoicing model and implementation timelines, with Phase 1 planned to go-live in Q2 2026.
Source: KPMG
ATO Issues List of Australian Government Entities that can Receive eInvoices.
On 22 October 2024, the Australian Taxation Office (ATO) published an updated list of 132 Australian government entit…
Source: Orbitax
ecosio Webinar – Country-specific E-invoicing Updates at a Glance (Oct 29)
Date: Oct 29, 2024 – 11.00AM – 12.00PM CET What we’ll cover Join ecosio’s E-invoicing Product Manager Chris Newman for a comprehensive rundown of the most important recent and upcoming e-invoicing...
Decentralized 5-Corner Model: UAE’s 2026 B2B and B2G e-Invoicing Mandate Explained
UAE is implementing a new digital invoicing standard for B2B and B2G transactions The mandate aims to enhance efficiency and compliance The Decentralized Continuous Transaction Control and Exchange Model (DCTCE) is...
Scheduled Maintenance on National e-Invoice System Production and Test Environment
Service work on the production and test environment of the National e-Invoice System Service work will be conducted from October 29, 2024, at 10:00 PM to October 30, 2024, at 4:00 AM Temporary access difficulties may...
Overview of UAE’s Planned E-Invoicing Model and Implementation Timelines Revealed by Ministry of Finance
UAE’s Ministry of Finance revealed an overview of the country’s e-invoicing model Implementation timelines have been set, with Phase 1 scheduled to launch in Q2 2026 Source: mof.gov.ae Note that this post...
