Egyptian Tax Authority Information about the electronic receipt system Compliance with the system facilitates tax procedures such as VAT refunds Source: facebook.com Note that this post was (partially) written with the...
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Egyptian Tax Authority Requires Electronic Invoices for Tax Declarations and VAT Deductions by 2023.
Egyptian Tax Authority emphasizes the need for financiers to only deal with companies registered in the electronic invoice system This is to be able to prove costs or expenses when submitting tax returns and deducting...
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
Lithuanian businesses will submit B2G invoices through SABIS
Starting from the 1st of July 2024, Lithuanian companies supplying goods or services to the public sector must transition to electronic invoice submission. The current “E. Sąskaita” system will be replaced...
3 months ago
Croatia E-invoicing & Digital Reporting Guide
Croatia requires mandatory B2G e-invoicing and digital reporting (fiscalization of cash transactions B2B, B2C, B2G) for all VAT-registered or resident taxpayers. The process involves post-audit e-invoicing and...
3 months ago
EU member states fail to reach agreement on VAT in the Digital Age proposal
On 14 May 2024, the 27 EU member states discussed the VAT in the Digital Age (ViDA) proposal during a meeting of the Economic and Financial Affairs Council (ECOFIN), but an agreement was not reached. The ViDA proposal...
3 months ago
Explore the Latest in German E-Invoicing: Mandatory
Germany has complex rules for electronic invoicing due to differing regulations in its 16 federal states. As of April 2019, central public bodies must be able to receive e-invoices, and as of April 2020, suppliers to...
3 months ago
E-Invoicing in Belgium
Starting from 1.1.2026, electronic B2B invoicing will be mandatory for domestic invoices between private companies. The law was passed in 2024. Invoice content will to follow the plain “Peppol BIS 3.0 Invoice” standard...
3 months ago
Electronic invoicing requirements for Uzbekistan tax authorities: timely submission and official validation.
Electronic invoices must be submitted on time by business entities EHF must be submitted for various services and goods Operations must be submitted by the 10th day of the following month Additional or adjusted EHF can...
3 months ago
Maryland Mandates Electronic Filing for Sales and Use Tax Returns Starting 2027
Maryland will require electronic filing of tax returns for sales and use tax returns starting in 2027 Other tax returns will also be required to be filed electronically starting in 2027 This requirement was announced on...
3 months ago
E-Invoicing & E-Reporting developments in the news in week 21/2024
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 Nordic Smart Government and Business Coalition...
3 months ago
SAP ERP systems: Evolving from on-premises models to the next-gen systems!
SAP has undergone drastic transitions in recent years. From traditional ERP software to developing innovative cloud solutions, the company has grown and how! Today, we hear about the SAP S/4HANA system, a few years...
3 months ago
SAP S/4 HANA vs SAP ECC: The major differences between them!
In our previous blog, we discussed the evolution of ERP systems, focusing on SAP’s contribution from R/1 to ECC and now S/4HANA. With the 2027 mandate to migrate to S/4HANA from ECC, organizations are gearing up...
3 months ago
Real-Time Compliance Review Newsletter – May ’24
Romania’s RO e-Transport system will be mandatory for all domestic goods transport from January 1, 2024, covering both domestic and international transports. Non-compliance can result in fines between EUR 1,000...
3 months ago
Basics of E-invoicing – Part 1
Many countries worldwide are implementing e-invoicing under their value added tax (VAT) law, including the Middle East countries like Saudi Arabia. Taxpayers need to gradually move from physical invoices to electronic...
3 months ago
E-Invoicing in the UAE
Electronic invoicing is a topic that businesses in the UAE will soon be hearing much more about. Key announcements from the Ministry of Finance include: e-invoicing legislation will be published in Q2 2025 It will...
3 months ago
How to Prepare for e-Invoicing in Malaysia
Malaysia’s tax office, the Inland Revenue Board of Malaysia (IRBM), mandated e-invoicing in March 2023 to digitize and streamline tax administration operations. The government aimed to ensure benefits such as...
3 months ago
Phased implementation of the KSeF is almost certain
The obligation to use the National e-Invoicing System will not be implemented on a single date. First, the Ministry of Finance wants to test the system on a smaller number of taxpayers. This information was given by...
3 months ago
Accessing Account Details in Electronic Tax Administration System in Odessa Region
Taxpayers can view information about the account details in the electronic administration system of VAT in the Electronic Cabinet The main office of the State Tax Service in the Odessa region published this information...
3 months ago
Importance of Official Acknowledgment of Receipt in KSeF – Is it Essential?
The Finance Ministry has postponed the KSeF’s entry into force until February and April 2026 Businesses should continue to prepare for KSeF implementation Official Certificate of Receipt (UPO) confirms the...
3 months ago
Turkey’s TRA Introduces Mandatory Changes to e-Archive Invoice and e-Ledger Systems
TRA announced new mandatory fields for e-Archive reports on May 22, 2024 Effective July 1, 2024, signature time, shipment information, and tax rate fields must be included in e-Archive Invoices E-Archive Package and...
3 months ago
Transforming Government Invoicing: The Peppol Framework in Australia
Australia and New Zealand have created the “Australia and New Zealand Government Electronic Invoicing Arrangement” for e-invoicing E-invoicing is mandatory for all Australian Government agencies since July 2022 $23.3...
3 months ago
EU VAT Reforms: Digital Age Changes and Implications for Businesses
EU VAT in the Digital Age (ViDA) proposal aims to bring about fundamental changes to the EU’s VAT system Three pillars of reform: e-invoicing & digital reporting, online platforms, single VAT registration Unanimous...
3 months ago
Estonian Ministry of Finance Blocks EU ViDA Reform Agreement, Impact on Digital Economy
Last week, the EU Economic and Financial Affairs Council discussed the VAT in the Digital Age reform The latest draft of the ViDA proposal was presented for review The draft version of the ViDA regulatory framework was...
3 months ago
Delay in Implementing KSeF for Large Companies: Government’s Response and Support Measures
The Senate did not propose any amendments to the law postponing the implementation of KSeF to February 1, 2026 The delay in implementing KSeF for large companies Training and support for taxpayers in relation to the new...
3 months ago
Singapore Revenue Authority Mandates GST InvoiceNow for Businesses Starting April 2026
Inland Revenue Authority of Singapore (IRAS) announced adoption of InvoiceNow for GST-registered businesses Phased adoption starting from May 2025 Exclusions for overseas entities and businesses under Reverse Charge...
3 months ago
Webinar ecosio – E-invoicing in Malaysia (May 23)
Register HERE Looking for clarity on e-invoicing in Malaysia? Join ecosio’s experts for a detailed breakdown of current and upcoming regulations and requirements. Thursday, 23. May 2024 – 10:00 AM – 10:40 AM...
3 months ago
e-Tamga: A New VAT Payment System for Transparency and Efficiency
Prime Minister outlined provisions of proposed new Tax Code in letter to Senate deputies New VAT Payment System “e-Tamga” will be based on simple digital solutions All VAT payments will be made on basis of...
3 months ago
