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...
All Technology Posts
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...
Germany’s Final Guidance on Mandatory E-Invoicing Effective January 1, 2025
Key Points: Germany published final guidelines for mandatory e-invoicing on October 15, 2024. E-invoicing will be mandatory for specific transactions between domestic companies starting January 1, 2025. All companies...
E-invoicing is gaining momentum – Update from France, Germany & Belgium
Global Shift to E-Invoicing: E-invoicing is becoming crucial in indirect tax compliance, as governments worldwide enhance digital tax reporting, emphasizing transparency, efficiency, and real-time reporting...
Zero VAT Rate – Recent Amendments
Amendments to VAT Regulations: The UAE’s Federal Tax Authority announced amendments to the Executive Regulation of Federal Decree-Law No. (8) of 2017 on VAT, effective from 15 November 2024, with key changes focusing on...
UAE Unveils eInvoicing Implementation Timeline to Enhance Digital Economy
The UAE Ministry of Finance has unveiled an overview of the country’s eInvoicing model, which will feature a Decentralized Continuous Transaction Control and Exchange system. Key milestones include : Q4 2024 – ...
UAE’s 2026 B2B and B2G e-Invoicing Mandate: Understanding the Decentralized 5-Corner Model
Launch of E-Billing System: The UAE government has introduced a dedicated website for e-invoicing, signaling the implementation of mandatory electronic invoicing scheduled for Q2 2026 to enhance the digital economy...
B2B e-Invoicing in UAE: Peppol DCTCE scheduled for 2026
Launch of E-Billing System: The UAE government has introduced a dedicated website for e-invoicing, signaling the implementation of mandatory electronic invoicing scheduled for Q2 2026 to enhance the digital economy...
E-Invoicing & E-Reporting developments in the news in week 43/2024
Podcast version Follow the latest updates on E-Invoicing and Real Time Reporting on www.vatupdate.com and the LinkedIn pages on E-Invoicing/Real Time Reporting and ViDA. HIGHLIGHTS Progress on VAT rules in the digital...
German Ministry of Finance Issues Final Guidance on Mandatory E-Invoicing Including Transitional Provisions
Mandatory E-Invoicing from 2025: From January 1, 2025, e-invoicing will be mandatory for domestic B2B transactions in Germany. No Consent Required: E-invoices must be issued, transmitted, and received in a structured...
Final Guidance from German Ministry of Finance on Mandatory E-Invoicing with Transitional Provisions
German Ministry of Finance has issued final guidance on mandatory e-invoicing Guidance includes transitional provisions for implementation E-invoicing will be mandatory for all businesses in Germany Businesses must...
Global Interoperability Forum (GIF): Connecting the World for Easy Cross-Border E-Invoicing and Trade
Purpose of GIF: The Global Interoperability Forum (GIF) aims to facilitate the exchange of digital documents, such as e-invoices, between businesses and governments globally, promoting smoother cross-border digital...
ViDA on the provisional agenda of the Ecofin meeting on November 5, 2024
On 5 November 2024, the Council of the European Union, focusing on Economic and Financial Affairs, will convene at the Europa building in Brussels. The meeting will adopt a comprehensive agenda tackling both legislative...
Webinar Recap: Is ViDA the Tip of the European e-Invoicing Iceberg?
Exploring ViDA and European e-Invoicing: Insights, Strategies, and Compliance Tips Webinar held on October 23, 2024 titled “Is ViDA the Tip of the European e-Invoicing Iceberg?” Explored how European...
Finalised Guidelines for Mandatory B2B e-Invoicing in Germany: Key Takeaways and Requirements
German Ministry of Finance published final guidelines on e-Invoicing mandate in Germany Mandatory use of electronic invoicing in all B2B transactions Domestic businesses must be e-invoice ready by 2025 No consent...
French Government Shifts to Registered PDPs for E-Invoicing Compliance: What Businesses Need to Know
French Portail Public de Facturation (PPF) will no longer act as an e-invoicing platform Registered PDPs will process invoices for all businesses nationwide Tradeshift is ready to help businesses make the transition in...
UAE Ministry of Finance Unveils E-Invoicing Plans to Streamline Tax Reporting and Enhance Security
The UAE Ministry of Finance (MoF) has reaffirmed its commitment to the E-Billing System project, aimed at reducing human intervention, optimizing costs, and enhancing security in business and tax reporting. An e...
Estonia’s National E-Invoice Project: Standardizing B2B Invoicing by 2025
Estonia is preparing for a national e-invoice project by 2025 Amendments to the Accounting Act aim to promote B2B e-invoicing The goal is to standardize and simplify invoicing requirements The legislation encourages a...
Colombia’s E-Invoicing Regime Expansion on the Horizon
Colombia is planning to expand its e-invoicing regime The expansion will require more companies to comply with electronic invoicing requirements The goal is to increase tax compliance and reduce tax evasion The new...
UAE Ministry of Finance Updates E-Invoicing Guidance for 2026 Mandate: FAQs and Phased Implementation
UAE Ministry of Finance and Federal Tax Authority has updated guidance on B2B and B2G e-invoicing mandate FAQ page included, B2C to follow later Phased implementation with businesses implementing at prescribed stages...
UN Tax Committee: Enhancing VAT Compliance in Developing Countries – Strategies for Small Enterprises and New Technologies
VAT is important for developing countries to raise tax revenues at low costs VAT compliance for small enterprises is complex and countries implement different policies to help them VAT refunds are important but can be a...
Germany’s Detailed Guidance Letter on E-Invoicing Mandate Effective January 2025
German Ministry of Finance issued final version of guidance letter for upcoming e-invoicing mandate Final version published on 15th October 2024 with some rewordings, paragraph changes, and additional clarifications...
New Mandatory Invoice Details: Key Information for E-Invoicing Compliance in France
The mandatory information on invoices in France includes key details such as the seller’s and buyer’s identities, invoice date and number, product or service descriptions, pricing, applicable VAT rates, and payment...
France Mandates Third-Party E-Invoicing Services for Businesses by 2027
All businesses in France will need to use third-party e-invoicing services as the government portal will no longer offer invoice services The French Directorate General of Public Finances announced that the government...
Proposal to Extend Italy’s Mandatory E-Invoicing Authorization until 2025 without Reporting Requirement
The European Commission adopted a proposal for Italy to extend its mandatory electronic invoicing system under specific VAT provisions The proposal involves Council Implementing Decision No. COM/2024/447 Italy’s...
Belizean National Assembly considers amendments to General Sales Tax Act for 2025 enforcement.
Belizean National Assembly accepted a bill to amend the General Sales Tax Act Measures in the bill include extending time to claim input GST, requiring authorization of electronic invoices, and providing tax receipts...
EU Countries Extend VAT Overhaul Implementation Deadline to 2030 to Accommodate Estonia’s Concerns
EU countries are considering a longer timeframe to implement aspects of a VAT bill affecting platforms like Airbnb and Uber The implementation period for the deemed supplier rule has been extended to 2030 Estonia, the...
France Mandates PDPs for e-Invoicing: What Businesses Need to Know
French government mandates e-Invoicing for all businesses Businesses required to choose a Dematerialisation Platform Partner (PDP) for sending and receiving invoices Government no longer offers free invoice exchange...
