Singapore has launched the GST InvoiceNow Requirement, which mandates the adoption of Peppol invoices for B2B transactions. GST-registered businesses are required to transmit invoice data to the government via...
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E-Invoicing in Proving Costs and Expenses in Egypt
Since July 1, 2023, only electronic invoices are accepted as proof of costs or expenses for tax returns in Egypt. Deductions and refunds of value-added tax (VAT) are exclusively processed through electronic invoices...
4 months ago
Mandatory GST InvoiceNow Requirement for Businesses: Implementation and Phased Adoption Plan
GST-registered businesses required to transmit invoice data to IRAS using InvoiceNow solutions Implementation will be progressive, starting from Nov 2025 for newly incorporated companies voluntarily registering for GST...
4 months ago
Singapore Mandates InvoiceNow for GST-Registered Businesses
Singapore is implementing the InvoiceNow requirement for GST-registered businesses InvoiceNow is an electronic invoicing method that allows businesses to send and receive invoices digitally The requirement aims to...
4 months ago
Future EU VAT Reforms: What’s Next After ViDA?
EU VAT reforms are being considered after VAT in the Digital Age The EU Commissions VAT Expert Group (VEG) has outlined areas for reform Areas for investigation include simplification, digitalisation options, green VAT...
4 months ago
Issuance and Declaration of Electronic Fee Invoices in Tax Declaration No. 1879 (Office No. 593/2024)
Electronic invoices for professional fees must be issued at the time of income perception If an invoice is issued before payment for the service, no tax withholding is required Tax withholding on professional fees...
4 months ago
Malaysia’s New E-Invoicing Guidelines and SDK Version 1.0 Released
Malaysia has updated guidelines for e-invoicing requirements They have released Software Development Kit Version 1.0 The new guidelines aim to streamline e-invoicing processes The SDK will help businesses implement e...
4 months ago
Preventing Fraud in KSeF: Risks and Solutions for Business Owners
Consultations are ongoing regarding changes in the National e-Invoice System (KSeF) There are concerns that KSeF may become a tool for fraudsters to defraud money from honest businesses Fraudsters often send invoices...
4 months ago
Disruptions in National e-Invoice System Test Environment
Difficulties on the test environment of the National e-Invoice System Issues with sending and downloading invoices on the test environment Working on restoring the service’s functionality Will inform about the...
4 months ago
Scheduled Maintenance on National e-Invoice System Test Environment – April 18, 2024
Maintenance work on the test environment of the National e-Invoice System Maintenance work will be conducted on April 18, 2024, from 9:00 to 22:00 Possible temporary difficulties in accessing the test environment during...
4 months ago
Government Mandates Electronic Invoices for Residential Buildings Rented Commercially
Government now requires owners of residential buildings rented for commercial purposes to issue electronic invoices This new requirement aims to improve tax compliance and reduce tax evasion Owners must register with...
4 months ago
E-Invoicing in Belgium: A Brief Overview (B2G Mandatory, B2B mandatory as of Jan 1, 2026)
B2B : Voluntarily till Dec 31, 2025 – Mandatory as of Jan 1, 2026 B2G: Mandatory B2C: Voluntarily Current Situation (Pre-Mandatory Phase): Currently, B2B e-invoicing is voluntary in Belgium. Businesses can adopt e...
4 months ago
An Overview of E-invoicing Mandates in 2024: European Union
Numerous countries are currently in the midst of the complex process of implementing e-invoicing and e-reporting mandates, progressing from initial drafting phases, undergoing public consultations, and executing those...
4 months ago
RTC Webinar – Exploring Malaysia e-Invoicing: Compliance, Implementation, and Technical Aspects (April 17)
Register HERE Join us for an insightful webinar on “Exploring Malaysia e-Invoicing: Compliance, Implementation, and Technical Aspects,” hosted by RTC. This webinar is designed to provide a comprehensive understanding of...
4 months ago
Malaysia Updates Guidelines for E-Invoicing Requirements and Releases Software Development Kit Version 1.0
The Inland Revenue Board of Malaysia (IRBM) has published updated guidelines dated 6 April 2024 on the new electronic invoicing (e-invoicing) requirements, e-Invoice Guideline (Version 2.3) and e-Invoice Specific...
4 months ago
Slovakia is moving towards modernizing tax administration for e-invoicing implementation purposes
The implementation of the national e-invoicing system (eFaktúra) in Slovakia is underway, following the European Commission’s “VAT in the Digital Age” initiative and the legislative framework to be...
4 months ago
Singapore InvoiceNow e-invoicing 2025/26 implementation
Revenue Authority phased 2025–26 introduction of InvoiceNow e-invoice reporting Source vatcalc See also What is the timeline of the E-Invoicing mandate in Singapore? Current status of E-Invoicing in Asia Pacific See...
4 months ago
Malaysia MyInvois e-invoicing Aug 2024; trial environment launched
Aug 2024 phased MyInvois B2B e-invoicing; sandbox trial environment and SDK published Source vatcalc See also Current status of E-Invoicing in Asia Pacific See also Worldwide Upcoming E-Invoicing mandates...
4 months ago
Tax compliance trends: AI can analyze extensive datasets to detect patterns that signal potential tax issues
The digital age has transformed tax administrations, requiring a reassessment of traditional models and the training of human resources to effectively utilize advanced technologies such as AI. According to a study, 44...
4 months ago
ViDA: Everything you should know about VAT in the Digital Age
The European Commission introduced the ViDA initiative in December 2022 to update the current VAT system. The initiative aims to address the VAT gap, which resulted in a loss of 61 billion Euros in VAT revenues for EU...
4 months ago
What is the timeline of the E-Invoicing mandate in Singapore?
GST-registered businesses will be required to use InvoiceNow solutions to transmit invoice data directly to IRAS for tax administration. This will be done in phases, starting with voluntary early adoption from May 2025:...
4 months ago
Controlling the sales tax function: A human and digital partnership
After the 2018 Wayfair decision, many sellers are now required to collect sales tax from customers in more U.S. jurisdictions. Some companies are preparing for future purchases in new U.S. jurisdictions due to planned...
4 months ago
The Grace Period for E-Invoices is Extended until May 31 for Romanian Taxpayers.
The grace period in which taxpayers escape the fine for not using the RO e-invoicing system in the B2B relationship has been extended by almost two months, according to an ordinance formalized by the authorities a few...
4 months ago
10 Questions About E-invoicing in Romania, Answered
The electronic invoicing mandate in Romania was officially implemented on January 1, 2024, and now all B2B invoices have to be processed through the RO e-Factura platform. However, this transition is a challenging...
4 months ago
Navigating Lao E-Commerce: Understanding the Latest Tax Regulations
In February 2024, the Ministry of Finance of Laos issued regulation number 0558/MOF which sets out the latest guidance regarding tax obligations for e-commerce and digital platform providers. The new rules will apply to...
4 months ago
E-Invoicing Advancements in the Middle East: Driving Digital Transformation
The Middle East, renowned for its vibrant cultures and burgeoning economies, is at the forefront of embracing technological innovations that are reshaping various sectors, particularly finance. A notable transformation...
4 months ago
E-Invoicing in Austria: A Brief Overview (B2G mandatory, B2B voluntarily)
B2B : Voluntarily B2G: Mandatory B2C: Voluntarily Austria’s e-invoicing landscape combines both mandatory and voluntary approaches across different sectors. Let’s break it down: Mandatory E-Invoicing for Public...
4 months ago
VATupdate media partner at the E-Invoicing Exchange Summit – Miami
+ www.exchange-summit.com + 📍Miami + 📅April 22 to 24, 2024 + Welcome as partner at #EXCS24! VATupdate.com collects and publishes #VAT-related news from all around the world. The website exists since 2018...
5 months ago
