Mandatory E-Invoicing in B2B business is coming soon Paper or PDF invoices will soon be a thing of the past E-Invoices must be in a standardized data format based on EN 16931 EDI invoices or hybrid formats like ZUGFeRD...
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Nepal’s 2024-25 Budget Introduces Mandatory E-Invoicing for Businesses to Combat Fraud
Nepal’s 2024-25 budget includes proposals for electronic invoicing for all businesses Implementation date for businesses with transactions of Rs 250 million per annum is 16th July Regime is controlled by the...
3 months ago
Global E-Invoicing Developments Timeline: 2024-2028 for France, Germany, and Israel
E-invoicing developments timeline released by KPMG in April 2024 List of countries with developments for 2024-2028 France: E-invoicing and e-reporting mandatory for small and micro taxpayers (B2B & B2C) Germany: E...
3 months ago
Latvia Introduces Electronic Invoicing Legislation for B2B and B2G Sectors by 2026
Latvia drafting legislation for phased introduction of electronic invoicing obligations Taxable persons must issue electronic invoices to public sector entities from January 1, 2025 Invoices to other taxable persons...
3 months ago
E-invoice Mandate for German VAT Businesses
E-invoices will be mandatory for businesses subject to VAT in Germany from 2025 E-invoices are invoices in a specific data format, not a PDF file Businesses must meet technical requirements to issue and receive e...
3 months ago
E-Invoicing Compliance in Romania: Steps, Challenges, and Solutions
Romania has the largest VAT gap in the EU and is implementing e-invoicing to address this issue E-invoicing requirements in Romania cover all resident and non-resident businesses registered for VAT E-invoicing currently...
3 months ago
Dutch Report on VAT rules for the digital age (‘VIDA’) discussed at Ecofin Council – SAF-T to be reviewed in NL
Minister Van Weyenberg (Finance) sends the report of the Eurogroup and Ecofin Council of 13 and 14 May 2024 to the Second Chamber The Ecofin Council discussed the proposal concerning VAT rules for the digital age (VIDA)...
3 months ago
Latvia to Mandate B2B E-Invoicing from Jan 2026 to Combat VAT Fraud
Latvia is proposing to mandate B2B electronic invoices from 1 January 2026 The government may offer a free e-invoicing platform to support the new mandate Latvia estimates its VAT Gap is €162 million per annum Latvian...
3 months ago
Norway VAT Return Report for NetSuite Applications Suite
Norwegian Tax Administration is modernizing its VAT reporting and compensation processes Main aims include increased compliance, equal competitive conditions, simplification for reporting businesses, and more effective...
3 months ago
ViDA Project Update: VAT Invoice Standard as Grounds for Tax Deduction
Negotiations on the ViDA project, VAT in the Digital Age, are in a crucial phase Estonia’s opposition is only regarding certain elements of the project A compromise version of the project changes was published on...
3 months ago
Spain’s E-Invoice Regulations: Updates and Implementation Timeline for Businesses in 2025
Draft Royal Decree 18/2022 in Spain introduces mandatory e-invoicing for all exchanges between businesses and professionals European Commission has recommended changes to the draft to align with EU Regulation No...
3 months ago
Saudi Tax Agency Criteria for Twelfth Wave E-Invoicing Integration for High-Revenue Taxpayers
Saudi General Authority of Zakat and Tax announced criteria for twelfth wave of linking and integrating taxpayer VAT e-invoicing systems Twelfth wave begins on Dec. 1 for taxpayers with VAT-taxable revenue exceeding 10...
3 months ago
E-Invoicing in Malaysia
Invoicing is currently not mandatory in Malaysia. It will become mandatory for all invoices (B2G, B2B, B2C) following a phased roll-out starting in August 2024, through the central platform MyInvois. Malaysia’s...
3 months ago
Four steps to take now to meet the evolving e-invoicing regulations
E-invoicing is becoming increasingly complex due to varying requirements and timelines worldwide. The European Commission’s VAT in the Digital Age proposal is expected to further drive e-invoicing momentum...
3 months ago
New Taxpayer Group in Scope of Phase 2 of e-Invoicing Announced
Saudi Arabia’s ZATCA has announced the twelfth wave of Phase 2 of e-invoicing, which applies to taxpayers with at least SAR 10 million revenue subject to VAT for 2022 or 2023. Taxpayers in this category must...
3 months ago
Spain Set to Implement Mandatory B2B E-Invoicing by July 2025
Spain is expected to implement mandatory electronic invoicing (e-invoicing) for B2B transactions in July 2025 as part of efforts to digitalize economic activities and reduce paper usage. The legislation is set to be...
3 months ago
How VAT e-invoices work in Saudi Arabia
Saudi Arabia introduced e-invoicing through ZATCA in December 2021 to transform VAT-related invoicing for businesses. E-invoicing involves generating invoices electronically through specific solutions, not through...
3 months ago
Newest Updates in the Malaysia SDK
On May 24, 2024, the Inland Revenue Board of Malaysia released SDK 1.0 to help taxpayers prepare for the upcoming MyInvois System. The release includes updates such as amended character limits for contact numbers...
3 months ago
E-Invoicing service providers + Status of the application
On the list amongst others Comarch RTCsuite SNI Sovos Discover the list HERE See also E-Invoicing/Real Time Reporting – What can you find on VATupdate.com Worldwide Upcoming E-Invoicing mandates, implementations and...
3 months ago
Latvia to Mandate E-Invoicing for B2B and B2G Transactions
The Latvian Ministry of Finance has recently published a draft law on May 27, 2024, requiring e-invoicing for B2B and B2G transactions. Timeline The first phase starting from January 1, 2025 will cover B2G transactions...
3 months ago
Saudi Arabia announces 12th wave of Phase 2 e-invoicing integration
Saudi Arabia’s Zakat, Tax and Customs Authority has announced the criteria for taxpayers to be included in the 12th wave of Phase 2 e-invoicing integration. Taxpayers resident in Saudi Arabia, with a taxable turnover...
3 months ago
ecosio Webinar: Peppol for Dummies – Understanding the Basics (May 29)
Register HERE When: May 29, 2024 – 10.00 – 10.40 AM CET What we’ll cover As more and more governments make e-invoicing mandatory, understanding Peppol and how it works is becoming increasingly...
3 months ago
The Future of E-Invoicing in the U.S.: Trends and Regulations Shaping the Landscape
The latest news on e-invoicing in the USA includes ongoing efforts by the government to enhance alignment and interoperability. E-invoicing is not yet mandatory at the federal or state level, but the government is...
3 months ago
Singapore Revenue Authority Announces GST InvoiceNow Requirement
The IRAS in Singapore has introduced InvoiceNow, a system for GST-registered businesses to directly transmit invoice data to the IRAS, enhancing digitalization of tax processes. The phased adoption of InvoiceNow starts...
3 months ago
SNI Webinar – Romanian e-Invoicing and e-Transport in Digital Age (May 29)
On May 29th, SNI will dive deeply into e-Invoicing and e-Transport in the Digital Age in Romania! Register HERE Date & Time: May 29, 2024 03:00 PM in Brussels Description Join our webinar to explore: About SNI...
3 months ago
Singapore to Implement InvoiceNow Requirement for GST-Registered Businesses in Phases by 2026
Singapore is implementing InvoiceNow requirement for GST-registered businesses Phased implementation starting from November 1, 2025 InvoiceNow allows for digital transmission of invoice data to IRAS Benefits include...
3 months ago
Implementation of E-Invoicing in Germany: What You Need to Know
The EU plans for implementing e-invoicing were stalled due to lack of agreement, but the German Bundesrat paved the way for e-invoicing in Germany with the approval of the Growth Opportunities Act in March. An e-invoice...
3 months ago
Germany B2B eInvoicing: New Regulations and Transition Periods Explained
Germany authorized to introduce eInvoicing rules deviating from EU VAT Directive German Federal Council approved law mandating e-invoicing starting from 2025 Businesses in Germany required to issue e-invoices for...
3 months ago
