The Polish Ministry of Finance has confirmed the early 2026 launch of mandatory KSeF e-invoicing: 1 Feb 2026: large taxpayers (over PLN 200 million per annum); and 1 Apr 2026: other taxpayers The mandatory National e...
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Mandatory CTC Electronic Invoicing model in Malaysia as of August, 2024
Malaysia has launched the Electronic Invoicing Sandbox, a dedicated testing environment for businesses and service providers. The MyInvois Sandbox test environment is available for pilot companies and will be expanded...
4 months ago
Common Mistakes in E-Invoicing Implementation in Malaysia and How to Avoid Them
Malaysia’s new electronic invoicing mandate has improved business transaction efficiency and the country’s invoicing and taxation processes. To avoid rejection and cancellation, businesses transitioning to...
4 months ago
What is E-invoicing? Definition, Benefits & Challenges
E-invoicing, also known as electronic invoicing, involves the digitized issuance, transmission, and processing of invoices to optimize business workflows and streamline invoicing processes. It encompasses various...
4 months ago
FBR updated technical specifications for data sharing through API
The Pakistani Federal Board of Revenue has released version 1.3 of the technical specifications for registered taxpayers who are required to implement e-invoicing. This is part of Pakistan’s gradual introduction...
4 months ago
Electronic Invoicing in USA
Global digitization is impacting American companies, even though electronic invoicing is not mandatory in the US. Initiatives in 2022 aimed to create a virtual network for exchanging electronic invoices among companies...
4 months ago
Gateway to Growth: Exploring Tax Benefits in Saudi Arabia’s
The Kingdom of Saudi Arabia’s freight and logistics market is set to experience significant growth in the coming years, with an expected size of US$25.33 billion in 2024 and US$32.88 billion by 2029. This growth...
4 months ago
Tips and Tricks for a Successful E-invoicing Implementation with ERPs
Electronic invoicing mandates are increasingly prevalent worldwide, compelling businesses to adapt to real-time transactional data sharing with tax authorities. Compliance demands robust integration frameworks and...
4 months ago
Germany mandates B2B e-invoicing from 2025 to 2028, phasing out paper invoices
Germany’s Bundesrat approved the Growth Opportunities Act on March 27th, 2024 The act mandates the use of e-invoices in domestic B2B transactions from 2025 to 2028 E-invoices will coexist with paper invoices as...
4 months ago
E-Invoicing & Digital Reporting in the EU: Key Updates and Compliance Deadlines
E-invoicing is the exchange of electronic invoices between taxpayers to optimize business workflows Tax authorities have strict regulations to improve transaction visibility and reduce the VAT gap Multinational...
4 months ago
The Significance of B2B E-Invoicing: Efficiency, Compliance, and Global Impact
B2B e-invoicing is the digital exchange of invoices between businesses It streamlines operations and enhances transparency in modern commerce The article provides a comprehensive understanding of B2B e-invoicing and its...
4 months ago
E-invoicing in India: Requirements, Challenges, and Compliance Steps for Businesses
Indian e-invoicing system introduced in 2018 by GSTN Council First phase went live in 2020 for taxpayers above 500 crore rupee threshold Scope covers taxpayers with turnover exceeding 5 crore rupees Mandatory for B2B...
4 months ago
EU and US Sign Agreement for E-Invoicing Compatibility: A Step Towards Global Interoperability
The US and EU have signed an agreement on e-invoicing compatibility The agreement aims to ensure interoperability between systems in the US and EU Data exchanged in e-invoices must be compatible commercially and...
4 months ago
Singapore’s Peppol Journey: Pioneering E-Invoicing Beyond Europe
In a groundbreaking move, Singapore has emerged as the first non-European jurisdiction to fully embrace the Peppol e-invoicing network. This strategic leap underscores Singapore’s commitment to digital transformation...
4 months ago
Malaysia’s National E-Invoicing Program: A Comprehensive Overview
As part of its commitment to modernize tax administration and enhance efficiency, Malaysia is rolling out a National E-Invoicing Program under the provisions of the Income Tax Act 1967 (Section 134A). This program aims...
4 months ago
E-Invoicing/CTC mandates in May 2024
May 1, 2024 Colombia Taxpayers’ systems must be ready to comply with the sales e-invoice technical specifications v. 1.9 Large taxpayers must issue POS tickets electronically May 5, 2024 Israel Dealers will be required...
4 months ago
Introduction of compulsory e-invoicing in Germany
The Growth Opportunities Act, published on 27 March 2024, introduces tax amendments, including a specific electronic invoice format for certain supplies of goods and services. This format, referred to as “e...
4 months ago
Saudi Arabia Makes Electronic Invoicing Mandatory: FATOORAH Project
Starting from October 1st, 2024, taxpayers in Saudi Arabia with VATable income exceeding 25 million Saudi Rials are required to integrate their e-Invoicing systems with the FATOORAH platform. The electronic invoicing...
4 months ago
SNI Webinar – e-Invoice Guide for Businesses in the APAC Region | Part 2 (April 30)
On April 30, SNI will deep dive into the e-Invoice in the APAC region. Register here: Join our webinar to explore: • About SNI • General Information about Invoicing Models • Key points of the e-Invoice regulation in EU...
4 months ago
Electronic Invoicing (e-FACT): Compliance and Analysis in Catalonia
Law 25/2013 promotes electronic invoicing and the creation of the accounting register of invoices. It allows suppliers to issue electronic invoices to public administrations, with certain subjects being mandatory...
4 months ago
Spain Accelerates B2B E-Invoicing Implementation: Plans Communicated to European Commission
Spanish government unveiled draft Ordinance for certified billing software requirements in January 2024 Spain finalizing B2B e-invoicing strategy Tungsten Automation expecting more information from Spanish government in...
4 months ago
Disruptions in Sending JPK, CUK, ALK, PSP, ITP Files and Files on Demand
Delays in sending JPK, CUK, ALK, PSP, ITP files and files on demand Notification of difficulties in sending JPK, CUK, ALK, PSP, ITP files and files on demand From April 22, 2024, the process of sending files on the...
4 months ago
Planned changes in KSeF after consultations: Updates on mandatory e-invoicing system postponed
Taxpayers can voluntarily issue invoices through the National e-Invoicing System from July 1, 2022 Mandatory e-invoicing will not be introduced from July 1, 2024 as previously planned The exact date for mandatory e...
4 months ago
Changes and Innovations in VAT from Growth Opportunities Act (Part 1) – General Changes
The “Growth Opportunities Act” introduced extensive changes and innovations in income, sales, inheritance tax, and tax procedural law The new VAT regulations will be discussed and appreciated in the...
4 months ago
Changes and Innovations in VAT from Growth Opportunities Act (Part 2) Electronic Invoices
The “Growth Opportunities Act” introduced extensive changes and innovations in the areas of income, sales, and inheritance tax, as well as tax procedure law Specific changes related to value-added tax were...
4 months ago
Countdown to Israel’s Invoice Allocation Number mandate
From May 5, 2024, Israel will require an allocation (confirmation) number from the Israel Tax Authority (ITA) to be shown on tax invoices above ILS 25,000 in order to deduct Israeli VAT as input tax. VAT-registered...
4 months ago
The Five Most Important TaxTech Trends of 2024
When we asked our team of tax experts from around the world to give us their top TaxTech trends of 2024, we got a lot of answers. Even the fun-looking “word cloud” we created out of their responses felt like information...
4 months ago
Tax Authorities website on InvoiceNow
InvoiceNow is a nationwide e-invoicing network that allows companies to process invoices more efficiently, reducing costs and shortening payment cycles. It operates on the open standard Peppol framework, transmitting e...
4 months ago
