The IRAS has introduced an e-invoicing mandate using the Peppol network, specifically through the InvoiceNow system. Adoption of the system is voluntary starting in May 2025, with mandatory e-invoicing for voluntary GST...
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Sovos Webinar – VAT Snapshot: Navigating the Latest Global E-invoicing Requirements (May 2)
Register HERE Thursday, May 02, 2024 2:00 PM British Summer Time 45 minutes Keeping up with e-invoicing requirements has never been a bigger task, especially if you operate internationally. Multinational organisations...
4 months ago
Germany introduces mandatory e-invoicing for domestic B2B transactions as of 1 January 2025
On 27 March 2024, the business tax reform bill (“Growth Opportunity Act”), which introduces mandatory electronic invoicing for domestic business-to-business (B2B) transactions as from 1 January 2025, was adopted in...
4 months ago
Poland’s B2B e-Invoicing Consultation Results: Key Findings and Future Directions
Poland’s Business-to-Business (B2B) e-invoicing consultations aimed to gather feedback on adapting the national e-invoicing platform Key findings include VAT exempt taxpayers complying with e-invoicing alongside...
4 months ago
Ecuador’s E-Invoicing Regulations Amended: Second Supplement Published in Official Gazette
Ecuador has published the Second Supplement (No. 467) to its e-invoicing regulations in the Official Gazette The amendment triggers substantial changes to Decree No. 430 of 2010 The modifications specifically relate to...
4 months ago
GSTN Enhances E-Invoicing Portal with New Features for Taxpayers in India
GSTN has developed new features for the e-invoicing portal in India New features include PAN-Based Search, Automatic E-invoice exemption List, Global Search Bar, and Local Search Capabilities The Advisory and FAQ...
4 months ago
Next Steps for VAT in Digital Age after VAT EXPERT GROUP Meeting
VAT EXPERT GROUP meeting in Brussels on March 18 discussed next steps regarding VAT in the digital age Summary of the discussion was published on April 11, covering updates for small and medium-sized enterprises (SMEs)...
4 months ago
Poland’s Ministry of Finance to Launch KSeF Hotline for Taxpayers in July 2024
The Ministry of Finance in Poland will launch the KSeF hotline from July 2024 A special hotline will be launched in the National Tax Information System for taxpayers to obtain information on the National e-Invoice...
4 months ago
The Ministry of Finance will launch the KSeF hotline from July
From July 2024, a special hotline will be launched in the National Tax Information, where you will be able to obtain not only substantive information regarding the National e-Invoice System, but also technical...
4 months ago
E-Invoicing & E-Reporting developments in the news in week 15 & 16/2024
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 of week 15 & 16/2024 Malaysia The Inland Revenue...
4 months ago
Introduction of E-invoicing Requirement for GST-registered Businesses in Singapore
Singapore’s IRAS announced plans to expand the use of the InvoiceNow system, with phased implementation starting from May 1st, 2025. The voluntary soft launch will initially involve already GST-registered entities...
4 months ago
Webinar European Commission – Impact of the EU eInvoicing Directive and the future of electronic invoicing – Slide deck
Presentation – Slide deck Slido results On April 17, 2024, The European Commission is organized a webinar focusing on the impact of the EU eInvoicing Directive and the future of electronic invoicing. The webinar...
4 months ago
ViDA update: EU Commission optimistic on approval of ViDA package by May 2024, though delay anticipated on e-invoicing & Digital reporting implementation
The EU Commission is optimistic about the approval of the ViDA (VAT in the Digital Age) package by May 2024. However, a delay is anticipated in the implementation of e-invoicing and digital reporting as part of the ViDA...
4 months ago
Webinar Recap: Exploring Malaysia e-Invoicing. Compliance, Implementation, and Technical Aspects
Agenda Highlights Recap: Introduction to Malaysia e-Invoicing: A comprehensive review of the advancements in Malaysia’s e-Invoicing from its inception to the present, emphasizing significant policy developments and...
4 months ago
Global E-invoicing Updates: Navigating VAT Requirements in International Operations
Webinar on navigating global e-invoicing requirements Expansion of Romania’s e-transport mandate Development of Spain’s SIF/Verifactu requirement Postponements in Portugal Legislative process for B2B Public...
4 months ago
EU Commission Optimistic for ViDA Approval by May 2024, Delay Expected for E-Invoicing Implementation
EU Commission optimistic about approval of ViDA package by May 2024 Delay anticipated on e-invoicing & Digital reporting implementation Agustin Miguez shared insights on ongoing discussions around Member...
4 months ago
Online Seminar on Electronic Invoicing and QQS Reporting for Taxpayers in Uzbekistan
Online seminar on “Electronic invoicing and QQS reporting” has started Dear taxpayers, the seminar is available on YouTube Topic: Electronic invoicing and QQS reporting Link to the seminar: Source: facebook...
4 months ago
Malaysia e-Invoicing: Compliance, Implementation, and Technical Aspects Webinar Recap and Resources
RTC extends thanks to participants of the webinar on Malaysia e-Invoicing Resources compiled to keep participants informed and proficient in e-Invoicing Event focused on implementation and intricacies of...
4 months ago
Updated Guidelines for Software Development Kit (SDK) of Malaysia
The Inland Revenue Board of Malaysia (IRBM) updated guidelines and the Software Development Kit (SDK) for the MyInvois System on April 6, 2024, focusing on the gradual implementation of e-invoicing. The SDK 1.0 updates...
4 months ago
Poland introduces mandatory e-invoicing from 2025
Foreign taxpayers may need to introduce new structured e-invoicing. These businesses will need to determine whether they are required to implement e-invoices and what local businesses may expect. Foreign...
4 months ago
Slovakia: eFaktúra Plans Revealed
The Slovakian Ministry of Finance (MoF) recently released the draft National Reform Program (NPR) which includes plans for various reforms in the country. One key focus is the adoption of e-invoicing, particularly the...
4 months ago
Singapore: Timeline for Implementation of InvoiceNow Revealed
Starting in November 2025, the Inland Revenue Authority of Singapore (IRAS) will implement a phased adoption of InvoiceNow, the national e-invoicing framework based on the Peppol network, for GST registered businesses...
4 months ago
Adopting generative AI in VAT
How large language model Artificial Intelligence can help get VAT right
Source vatcalc
4 months ago
Turkish Tax Authority using AI to tackle VAT discrepancies
Turkish Tax Authority using AI to tackle VAT discrepancies Efforts towards digital transformation in tax administration Embracing e-governance through technology Revolutionizing tax inspection with the Digital...
4 months ago
Singapore and NZ Prime Ministers announce eInvoicing Memorandum of Agreement
New Zealand and Singapore’s Prime Ministers announced the signing of the eInvoicing Memorandum of Agreement, agreeing to cooperate on initiatives promoting eInvoicing adoption by businesses. The agreement aims to...
4 months ago
Sovos Webinar – VAT Snapshot: Navigating the Latest Global E-invoicing Requirements (May 2)
Register HERE Thursday, May 02, 2024 2:00 PM British Summer Time 45 minutes Keeping up with e-invoicing requirements has never been a bigger task, especially if you operate internationally. Multinational organisations...
4 months ago
Germany’s Digital Revolution: E-invoicing Requirement Will Come into Force in 2025
Germany has introduced mandatory electronic invoice exchange between companies with the approval of the Growth Opportunities Act in March 2024. From January 1, 2025, German companies must be able to receive electronic...
4 months ago
The Electonic Invoice in El Salvador
El Salvador has implemented a tax code reform that introduces new provisions for the issuance of electronic invoices in compliance with Legislative Decree No. 960. The reform aims to regulate the issuance, transmission...
4 months ago
