Tax authorities in Denmark, Finland, Iceland, Norway, and Sweden completed a second phase of a pilot technical trial The trial involved exchanging VAT invoice data based on the EU ViDA Digital Reporting Requirements...
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What’s next for KSeF? Companies await new regulations with uncertainty and caution.
Entrepreneurs are waiting for new regulations regarding the mandatory KSeF implementation Uncertainty exists regarding the compatibility of KSeF with the EU VIDA package The implementation date for mandatory KSeF has...
3 months ago
Implementation of KSeF in stages almost certain, with changes to VAT law postponed to 2026.
Implementation of the National e-Invoice System will not be done in one go Ministry of Finance plans to test the system on a smaller number of taxpayers first The deadline for sending structured invoices has been moved...
3 months ago
Why Agile Strategies Are Crucial for Business Process Digitization: Don’t Wait for Legislation
In today’s rapidly evolving digital landscape, there is a misconception that companies should wait for legislative mandates before implementing digital transformations. However, this cautious approach poses...
3 months ago
SDK 1.0 Release in Malaysia
The Inland Revenue Board of Malaysia has released SDK 1.0 to assist taxpayers in preparing for the upcoming MyInvois System. The key updates include revised validations and documentation for various fields, updated APIs...
3 months ago
Kenya publishes updated Electronic Tax Invoice Regulations 2024
The Kenyan National Treasury and Economic Planning introduced the Tax Procedures (Electronic Tax Invoice) Regulations 2024, providing further details on terminology, invoice content, exemptions, and exclusions. The...
3 months ago
How the Online Electronic Invoice System works – FEL de Guatemala
New Technical Annex 1.7.69 – Introduction of “Provisional Invoice (FACP)” The Tax Administration Superintendence (SAT) of Guatemala has released a new technical annex, version 1.7.69, in draft form...
3 months ago
Structured e-invoices – Q&A
The National E-invoices System (KSeF) will be mandatory for large entities from February 1, 2026, and for other businesses from April 1, 2026, in Poland. All entities established in Poland and foreign entities with...
3 months ago
Spanish B2B e-invoice legislation update
Bill for July 2025 B2B e-invoicing mandate likely to pass by May or June Source vatcalc See also E-Invoicing/Real Time Reporting – What can you find on VATupdate.com Worldwide Upcoming E-Invoicing mandates...
3 months ago
What’s Happening Next with VAT in the Digital Age (ViDA)
The EU finance ministers did not reach a political agreement on the VAT in the Digital Age (ViDA) proposal due to objections from one member state about the platform rules. The official move forward date for ViDA has...
3 months ago
Reflections on the EU VAT Reform for Platforms
Estonia has objected to the proposed ViDA reforms, citing concerns about the new rules for taxing short-term rentals and passenger transportation in the platform economy. Estonia argues that the approach goes against...
3 months ago
E-Invoicing Evolution: Insights and Implementation Timelines Worldwide
An online webinar by EY titled “How e-Invoicing Should be Both Local and Global” provided an overview of e-invoicing updates worldwide, with insights from experts in countries like Romania, France, and...
3 months ago
Singapore Revenue Authority announces GST InvoiceNow requirement
The IRAS announced the adoption of InvoiceNow on 15 April 2024, allowing GST-registered businesses to transmit invoice data directly to the IRAS. The adoption will be phased, with a soft launch for voluntary...
3 months ago
GRA Successfully Increases Revenue by 32% with E-VAT System Pilot Phase
GRA denies losing revenue during e-VAT system pilot Pilot phase resulted in a 32% increase in revenue Rumors of revenue loss dismissed as erroneous Pilot phase successful, yielding additional GH¢124 million in revenue E...
3 months ago
What’s next for KSeF? Companies await new regulations
Businesses are waiting for new regulations regarding mandatory KSeF implementation Uncertainty about KSeF compliance with EU VIDA package Sejm passed a bill to delay mandatory KSeF implementation to February 1, 2026...
3 months ago
European Commission recommends changes to Spain’s draft Royal Decree on countrywide mandatory e-invoicing
The European Commission has recommended changes to a preliminary draft Royal Decree 18/2022, which aims to implement the Crea & Crece Law by focusing on boosting company creation and growth. The draft requires...
3 months ago
What’s Next for E-Invoicing in Malaysia? Key Insights for Businesses in 2024
The new e-invoicing system and guidelines in Malaysia aim to improve business operations and reduce costs associated with paper, printing, and postage for invoices. The implementation of the system will begin on 1...
3 months ago
Legislative framework to introduce mandatory e-Invoicing in Spain
Law 18/2022 of September 28 on company creation and growth (known as the Create and Grow Act) introduces a range of new measures including the e-invoice, which is mandatory for all exchanges between businesses and...
3 months ago
Spanish B2B e-invoice legislation update
The European Commission has backed Spain’s legislation to impose mandatory B2B e-invoicing, with approval expected in May 2024. The legislation is likely to be approved by the Spanish government, and...
3 months ago
Spain received comments from the Commission on the draft B2B e-invoicing Decree
B2B Electronic Invoicing in Spain is Getting Closer. Directive (EU) 2015/1535 establishes a procedure that requires Member States to notify the European Commission of all draft technical regulations related to products...
3 months ago
E-Invoicing & E-Reporting developments in the news in week 20/2024
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. What you should remember of the Ecofin meeting that took place on...
3 months ago
Join GRA for E-VAT Implementation Meeting
GRA is rolling out an Electronic VAT Invoicing System for real-time monitoring of VAT transactions By June 2024, 600 VAT registered taxpayers will be onboarded on the system GRA is inviting businesses to a meeting to...
3 months ago
VAT E-invoicing in Saudi Arabia
ZATCA introduced e-invoicing in KSA in 2 phases starting from December 4, 2021. E-invoicing is the electronic generation and storage of invoices using specific solutions. It is mandatory in KSA and implemented in two...
3 months ago
Responses to general questions from the eInvoicing webinar – 17 April 2024
On this page, you will find the responses to general questions that were raised during the webinar on April 17 2024. We encourage you to provide your feedback, comments, and share your thoughts in the comments section...
3 months ago
Studies used for the eInvoicing Directive report
Publication 1: Preparatory study on the effects of the Directive 2014/55/EU on electronic invoicing in public procurement. Purpose: inform the European Commission on the effects of the Directive 2014/55/EU on the...
3 months ago
Unlocking Business Insights: The Power of E-Invoicing for Data-Driven Decisions
Governments and tax authorities are embracing e-invoicing for accuracy of transactional data E-invoicing market expected to reach $35.9 billion by 2028 Data in systems of record may not stand up to government scrutiny E...
3 months ago
Extension of Transition Period for Introduction of E-Invoicing: Mandatory Implementation Delayed until 2026
Mandatory introduction of E-invoices for all companies in the B2B sector postponed to 2026 Companies must be able to receive and process E-invoices from 1.1.2025 Most companies can continue to issue invoices in paper or...
3 months ago
Key Insights on Mandatory Electronic Invoicing in Zambia: Smart Invoice
Starting from July 1, 2024, all VAT-registered taxpayers in Zambia must use the Smart Invoice software solution implemented by the Zambian Revenue Authority (ZRA) to issue electronic invoices. Taxpayers can only claim...
3 months ago
