This article discusses Singapore’s new GST InvoiceNow Requirement, a mandate for GST-registered businesses to transmit invoice data electronically to the Inland Revenue Authority of Singapore (IRAS). Here are the...
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IRBM Updates: E-Invoice Guidelines, FAQs, and SDK for MyInvois System Transition
Inland Revenue Board of Malaysia issued updates on electronic invoicing Updated versions of e-invoice guideline and e-invoice specific guideline released General FAQs and industry-specific FAQs updated SDK Updates and...
2 months ago
IRAS Seeks Feedback on Draft e-Tax Guide for InvoiceNow Requirements Implementation
IRAS seeking comments on draft e-Tax Guide for adopting InvoiceNow requirements Public consultation launched on 12 June 2024, closes on 11 July 2024 Singapore to use PEPPOL peer-to-peer transmission process for e...
2 months ago
E-Invoicing Compliance in Austria: The Complete Guide
The Invoicing Hub now includes Austria, the 18th country, with regular e-invoicing updates & detailed country profile. Austria has been an early adopter of e-invoicing in Europe, with B2G e-invoicing mandatory at...
2 months ago
Saudi Arabia’s 13th Wave of VAT E-Invoicing Integration: Key Points and Requirements
13th wave of VAT E-Invoicing Integration in Saudi Arabia announced Targeting taxpayers with VAT-taxable revenue exceeding 7 million Saudi riyals in 2022 or 2023 Tax Agency will notify affected taxpayers at least six...
2 months ago
Vietnam’s Push for E-Invoicing in Livestream Sales: Impact on Businesses and Tax Compliance
Vietnam Prime Minister Pham Minh Chinh instructs Ministry of Finance to study e-invoices for livestream sales Aim to address tax revenue loss from livestream sales and e-commerce transactions Proposed amendments to...
2 months ago
Changes in JPK_VAT adjustment deadline with declaration to KSeF postponed to 04.07.2024
The deadline for adjusting JPK_VAT with the declaration to KSeF has been postponed to 4th July 2024 The Minister of Finance has issued an amendment to the regulation regarding the detailed scope of data in tax...
2 months ago
Navigating Ireland’s e-Invoicing Landscape: Updates on B2G Implementation and EU Compliance
Irish Department of Finance considering mandatory use of eInvoicing for B2B and B2G transactions Revenue in Ireland holding consultations to modernize VAT administration system ViDA Proposal in EU market to accelerate e...
2 months ago
Iceland 2024 eInvoicing Country Sheet
The Icelandic Ministry of Finance and Economic Affairs implemented Regulation 505/2013 and Regulation 44/2019 to regulate electronic billing and accounting. The regulations mandate public entities to accept electronic...
2 months ago
Why the Peppol network is becoming essential to the French Continuous Transaction Control system
The French government is implementing a new Continuous Transaction Control (CTC) system in 2026 to combat tax evasion, fraud, and inefficiencies in business processes and invoice handling. This system will blend...
2 months ago
3 pillars: The three essential elements of e-invoicing and e-invoice
An electronic invoice (e-invoice) is a document that lists goods or services provided and the amount owed, created, stored, or sent using electronic systems. E-invoices must meet specific requirements to be accepted as...
2 months ago
Romania Extends National E-Invoicing System Requirements to B2C Transactions
Starting from 1 January 2025, Romania’s Ministry of Finance has made it mandatory for B2C transactions to use the national e-invoicing system (RO e-Factura). From 1 July 2024 to 31 December 2024, e-invoicing for...
2 months ago
Poland 2024 eInvoicing Country Sheet
The Act on electronic invoicing in public procurement was introduced in November 2018 and is in force since 18 April 2019. The Act of 16 June 2023 amended the Act on Tax on Goods and Services and Certain Other Acts. The...
2 months ago
Madagascar plans mandatory e-invoicing for all taxpayers
On 11 June 2024, the Senate approved amendments to the Finance Law for 2024, moving the country closer to implementing mandatory e-invoicing. The PLFR (Portant Loi de Finances Rectificative pour 2024) Bill no. 012/2024...
2 months ago
Saudi Tax Authority Announces Criteria for Thirteenth Wave of VAT E-Invoicing Integration
Saudi General Authority of Zakat and Tax announced selection criteria for thirteenth wave of linking taxpayer VAT e-invoicing systems Thirteenth wave begins Jan. 1, 2025 for taxpayers with VAT-taxable revenue exceeding...
2 months ago
Monitoring of EHF tax invoices by state bodies and official registration of goods/services calendar dates.
EHF (Electronic invoices) are being monitored by tax service authorities EHF must be formalized on the calendar date of goods and services EHF is provided for operations carried out in the following cases: electricity...
2 months ago
Accredited Peppol Service Providers in Malaysia – Updated
Peppol Service Providers (SP) are responsible for creating and maintaining connectivity gateways compliant to Peppol standards, routing e-invoices, and updating participant details in the Malaysia SMP. Companies...
2 months ago
What Does Being PEPPOL Compliant Mean?
PEPPOL is a standard for exchanging electronic documents like invoices, ensuring they are easy to send and receive. Being PEPPOL compliant means documents can be easily processed by public and private authorities in the...
2 months ago
Saudi Arabia Postpones Tax Fines and Financial Penalties until the end of 2024
ZATCA announced a postponement of tax fines and financial penalties until December 31, 2024, to help taxpayers stay compliant and reduce the economic impact of fines. If there is no further postponement, the fines will...
2 months ago
VAT and the Growth of the Digital Platform Economy
The rapid growth of the digital platform economy has disrupted traditional business models, creating competitive distortions and a gray market. Digital platforms blend various business models, blurring the lines between...
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
Malaysian e-Invoicing New Guidelines Published
The Inland Revenue Board of Malaysia (LHDN) has released new guidelines and a Software Development Kit (SDK) for the implementation of its Continuous Transaction Control (CTC) e-invoicing model, MyInvois. The MyInvois...
2 months ago
E-Invoicing Adoption in the U.S.: Key Drivers and Challenges
Businesses in the U.S. are increasingly adopting e-invoicing for its advantages in efficiency, cost savings, and competitive advantage. The Business Payments Coalition (BPC) and the Federal Reserve have collaborated to...
2 months ago
ZATCA extends the grace period for fines and penalties related to e-invoicing violations
ZATCA has extended its fines and penalties exemption until the end of 2024. Taxpayers must register, submit unfiled returns, and pay principal tax debts to benefit from this initiative. The initiative applies to all tax...
2 months ago
Amendments to the RO e-Invoice, RO e-Transport and the introduction of the pre-filled RO e-VAT return
The Official Gazette published Emergency Ordinance no. 69/2024 amending the national system RO e-Invoice and cash registers legislation, and Emergency Ordinance no. 70/2024 on measures for the implementation and use of...
2 months ago
Impact of e-invoicing mandates on intercompany transactions
The global trend of continuous transaction control (CTC) systems, such as electronic invoicing (e-invoicing) or digital reporting mandates, is significant. These systems require taxpayers to submit transactional data to...
2 months ago
2024 Norway 2024 eInvoicing Country Sheet
The responsible entities for electronic invoicing in Norway are the Ministry of Government Administration and Modernisation (KMD), the Ministry of Finance (FIN), and the Norwegian Agency for Public and Financial...
2 months ago
E-Invoicing Compliance in the USA: The Complete Guide
There is a partial B2G e-invoicing mandate in the USA, with the US Office of Management and Budget (OMB) directing federal agencies to manage invoices electronically for “appropriate federal procurements” in 2018. The...
2 months ago
