The Ministry of Finance in Malta has transposed the Directive 2014/55/EU through Legal Notices 403 and 404 of 2018 under the Financial Administration and Audit Act and the Local Councils Act. The transposition included...
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Malaysia MyInvois e-invoicing Aug 2024: new guidelines, FAQ & SDK
Aug 2024 phased MyInvois B2B e-invoicing: new guidelines, updated FAQ and Software Development Kit Source vatcalc Source: Guidelines Release Notes Frequently Asked Questions See also E-Invoicing/Real Time Reporting –...
EN16931 – Standard for E-Invoicing in Europe
Standard EN16931 was adopted by CEN in 2017 and is used for B2G e-invoicing in the EU The European Commission estimates €240 billion in savings over six years with electronic invoicing Directive 2014/55/EU aims to...
The future of supply chains – Expert insights
The future of supply chains is a major concern for businesses due to the rapid development of new technologies like AI and blockchain. However, the next decade is more likely to be defined by the adoption of new...
Romania’s New Mandate: e-Invoicing for B2C Transactions
The Romanian Ministry of Finance is mandating e-Invoicing for business-to-consumer transactions starting January 1, 2025, to enhance transparency and combat tax evasion. Businesses must use the RO e-Invoice system, with...
Changes to National Digital Systems by MF: Sanctions for e-Transport and e-VAT Postponed, B2C e-Invoice Mandatory by 2025
Sanctions for e-Transport and e-VAT are postponed until January 1, 2025 Mandatory use of e-Invoice in B2C regime from July 1, 2025 Adjustment of the monthly gross income threshold to exclude meal vouchers and food...
Latvia to Implement Mandatory E-Invoicing for B2B and B2G Transactions by 2026
Latvia to introduce mandatory e-invoicing for B2B and B2G transactions from January 2026 Ministry of Finance proposing new regime, public consultation launched Currently, public and government institutions in Latvia...
Electronic Invoicing in the Municipal Environment Presents New Challenges
EU Directive 2014/55/EU obliges municipalities to accept electronic invoices Varying regulations depending on the federal state Above-threshold and below-threshold values for acceptance obligation Supplier obligation...
Amendment to Director’s Provision on Electronic Invoicing for VAT Subjects Providing Services to Consumers
Amendment to the provision of the Director of the Revenue Agency no. 527125 of December 28, 2018 Changes related to the issuance of electronic invoices through the Exchange System to final consumers by VAT taxpayers...
Expansion of E-Invoicing Mandate to Include B2C Transactions in Romania from January 2025
Mandatory e-invoicing for B2C transactions in Romania starting January 2025 B2C invoices issued by businesses in Romania will fall under e-invoicing requirements Retail store deliveries and services to final consumers...
Tax Legislation Amendments: e-VAT and e-Invoicing Implementation Measures (06/21/2024)
Emergency Ordinance no. 70/2024 implements the national RO e-VAT system and pre-filled RO e-VAT return Pre-filled VAT return includes data from various systems organized by Ministry of Finance and ANAF Taxpayers must...
E-Invoicing Implementation in Denmark: Progress, Challenges, and Future Mandates
Denmark has been a pioneer in B2G e-invoicing since 2005 B2B e-invoicing in Denmark is progressing slower than expected Directive 2014/55/EU requires electronic invoices for public bodies and suppliers Denmark uses EN...
Key Findings from Public Consultation on Modernising Ireland’s VAT Administration
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
