Revenue published key findings from public consultation on modernizing Ireland’s administration of VAT Consultation focused on redesigning VAT administration through digital technology Over 1,100 responses...
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Zambia is Switching to Electronic Invoicing with Smart Invoice
The Zambian government is implementing electronic invoicing through a system called Smart Invoice. This will replace the current Electronic Fiscal Devices (EFDs). What is Smart Invoice? Smart Invoice is a software-based...
2 months ago
Preparing for ViDA Measures: Future Changes in VAT for Entrepreneurs by Prof. Madeleine Merkx
Prof. mr. dr. Madeleine Merkx discusses future changes in VAT in the digital age European Commission proposed measures to modernize VAT system ViDA has three pillars: E-invoicing, platform economy, single VAT...
2 months ago
EU Ministers Fail to Reach Consensus on VAT in Digital Age: ViDA Proposals Stalled
EU member states failed to reach agreement on VAT in the Digital Age proposals Estonia objected to the “deemed supplier” rule under the platform economy measures ViDA proposals aim to modernize EU VAT rules...
2 months ago
Prof. Modzelewski on Mandatory KSeF Postponement: Disaster Delayed by Two Years
Mandatory KSeF system postponed by two years Prof. Modzelewski criticizes the delay, stating that the disaster has only been postponed The original deadline of July 1, 2024 for the mandatory KSeF model has been pushed...
2 months ago
ViDA Package Approval Delayed: Estonia’s Objection to ‘Deemed Supplier’ Rule Persists
EU finance ministers were unable to reach an agreement on the VAT in the Digital Age (ViDA) proposal at the ECOFIN meeting on 21st June Estonia objected to the mandatory use of the ‘deemed supplier’ rule for...
2 months ago
Estonia’s Opposition to EU VAT Reform for Digital Platforms Sparks Debate Among Member States
Estonia opposes EU VAT reform targeting digital platforms Proposed reform would impose new liabilities on companies like Bolt Technology OU and Airbnb Inc. Estonian Finance Minister believes taxing services via digital...
2 months ago
Combatting fraud through excessive ”E-” initiatives (transport, invoice, reporting)
July 1, 2024 B2B E-Invoicing The implementation of e-invoicing in Romania is carried out in two stages. Stage 1, called Romanian E-reporting, runs from January 1, 2024 to June 30, 2024. During this period, taxpayers...
2 months ago
Romania eInvoicing to Include B2C Transactions by January 2025
The Ministry of Finance announced that mandatory electronic invoicing for business-to-consumer (B2C) transactions will start from January 1, 2025. Businesses can start using the RO e-Invoice system from July 1, 2024...
2 months ago
The European Union’s ViDA Proposal: Ignoring Principles Does Not Make Tax Policy Fairer
On 21 June, the EU finance ministers will discuss the ViDA proposal again after Estonia’s veto on 14 May. The updated proposal has three main pillars: digital reporting requirements, platforms as deemed suppliers...
2 months ago
ViDA (VAT in the Digital Age) – European Union promotes B2B electronic invoicing
The ViDA initiative has not been agreed upon due to Estonia’s opposition to the proposed reform of VAT in the digital age. Estonia argues that the new regime would unfairly tax small and medium-sized businesses...
2 months ago
Peppol Message Responses – A Helpful Guide
Peppol’s usage is rapidly spreading as more countries implement e-invoicing rules and regulations. While some countries have mandated independent national e-invoicing systems, the majority of European countries...
2 months ago
Progress on eDelivery 2.0 specifications and beyond
The European Commission’s eDelivery Building Block is evolving, with the next-generation eDelivery 2.0 specifications being developed. The 2.0 draft specifications underwent substantial revisions following a...
2 months ago
Romania 2024 eInvoicing Country Sheet
The Ministry of Public Finance in Romania has transposed Directive 2014/55/EU through Law 199/2020 on electronic invoicing in public procurement. The law was implemented on 8 September 2020. The use of the extra year...
2 months ago
Webinar: Electronic Invoicing in Africa (Slide deck + recording)
Slide deck and recorded version of the webinar hosted by Edicom on ”E-Invoicing in Africa” Source Edicom – Slide deck Edicom – Recorded webinar See also E-Invoicing/Real Time Reporting – What can...
2 months ago
Fintedu Webinar – Mastering E-invoicing Insights and Strategies from the UAE and KSA (July 2, 2024)
Register HERE Join us for an informative webinar aimed at helping you understand and implement electronic invoicing (eInvoicing). Date : Tuesday, 2nd July 2024 Time : 3 pm to 4 pm GST Mode : Zoom Overview Topic 1 : E...
2 months ago
Understanding Peppol Infrastructure: A Gateway to Seamless Electronic Document Exchange
The Peppol infrastructure facilitates secure electronic document exchange between businesses and government entities. It consists of Peppol Access Points, Service Metadata Publishers (SMP), Service Metadata Locators...
2 months ago
ViDA – Current Status: EU Member States Fail to Reach Agreement Again
The EU Member States failed to reach a political agreement on the VAT in the Digital Age (ViDA) proposal during the Economic and Financial Affairs Council (ECOFIN) meeting under the Belgian presidency on June 21, 2024...
2 months ago
Portugal 2024 eInvoicing Country Sheet
The Ministry of Finance and the Tributary and Customs Authority are responsible for the implementation of eInvoicing in public procurement in Portugal. The governance model is set out in Decree-Law 123/2018 and Order No...
2 months ago
EU ViDA Platform Economy ride & accommodation deemed supplier July 2027
Pillar 2 of ViDA, ride & accommodation platforms becoming deemed supplier for VAT, remains blocked by Estonia
Source vatcalc
Join the LinkedIn Group on ”VAT in the Digital Age” (VIDA), click HERE
2 months ago
Webinar – Update on E-Invoicing in Germany (June 27)
Update e-invoicing in Germany with the experts Richard Luthardt, Ivo Moszynski and Ahu Ocak Caglayan! When: June 27, 2024 @ 3PM CET Register HERE Click on the logo to visit the website Click on the logo to visit the...
2 months ago
5 critical Factors for Smooth eInvoicing setup
5 Critical Factors for a smooth e-invoicing setup in Malaysia From understanding regulatory requirements to selecting scalable solutions, and ensuring your team is well-trained, these insights are crucial for success...
2 months ago
Extending the deadline for applying fines in the Ro e-Invoice system; changes in the field of excise duties: GEO no. 30/2024
The Government Emergency Ordinance (GEO) no. 30/2024 has extended the grace period for the non-transmission of invoices in the national electronic invoice system, RO e-Invoice, until 31 May 2024. Changes to excise...
2 months ago
German Ministry of Finance Drafts Mandatory E-Invoicing Guidance with Transitional Provisions for 2025
Draft guidance issued by German Ministry of Finance on mandatory e-invoicing Introduction of mandatory e-invoicing for domestic transactions starting January 1, 2025 Transitional provisions will be in place BMF plans to...
2 months ago
Belgium mandates B2B e-invoicing from January 1, 2026: Key Details and Implications
Belgium will require B2B e-invoicing from January 1, 2026 Many other European and non-European countries have already implemented e-invoicing The main reasons for this change are administrative simplification and...
2 months ago
The Journey of e-Invoicing in Slovakia: From Directive to Implementation
Slovakia’s e-Invoicing journey is guided by Act No. 2015/2019, aligning with EU standards. The implementation is in progress, with the Information System for Electronic Invoicing (IS EFA) expected to be...
2 months ago
Madagascar e-invoicing mandate
e-facturation Finance Law to introduce centralised e-invoicing platform Source vatcalc See also E-Invoicing/Real Time Reporting – What can you find on VATupdate.com Worldwide Upcoming E-Invoicing mandates...
2 months ago
EU ViDA Single VAT registration Jul 2027 launch underway
Preparations begin for July 2027 Extension of OSS return for cross-border movement of own goods: B2C e-commerce; and B2B call-off stock Source vatcalc Join the LinkedIn Group on ”VAT in the Digital Age” (VIDA)...
2 months ago
