National Assembly of Madagascar adopted Bill No. 012/2024 to amend Finance Law Aim is to strengthen revenue mobilisation and security through tax measures Bill will pass through Senate and possibly have a second reading...
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Saudi Arabia: E-invoicing Requirement Extended to 13th Group of Taxpayers from January 2025
E-invoicing requirement in Saudi Arabia extended to 13th group of taxpayers from January 2025 Taxpayers with VAT-liable revenues exceeding SAR 7 million in 2022 or 2023 included in the 13th group Second phase of e...
Amendments to Tax Legislation for RO e-VAT, e-Transport, and Guarantee-return System: Key Changes Summarized
Emergency Ordinance no. 87 introduces amendments to e-Transport, e-VAT, and e-Invoice Systems Penalties for authorized economic operators declaring international transports postponed until January 1st, 2025 Changes in...
Nepal’s Fiscal Year 2024-25 Budget: Impact on Businesses and Tax Proposals
Budget for fiscal year 2024-25 in Nepal includes tax proposals affecting businesses Proposals include mandatory e-invoicing for VAT-registered taxpayers Scope of permanent establishment to include nonresidents with...
Zambia Mandates E-Invoicing for VAT-Registered Taxpayers Starting July 2024
VAT-registered taxpayers in Zambia required to issue electronic invoices using the “smart invoice” system from 1 July 2024 Smart invoice system replaces physical electronic fiscal devices currently used for...
Overview of Amended e-VAT Ordinance: Key Provisions for Romanian Companies to Prepare for
Romanian Government published Emergency Ordinance no. 70/2024 on 21st June 2024 Purpose is to implement pre-filled RO e-VAT return starting 1 July 2024 Amended Ordinance published on 28 June 2024 as Emergency Ordinance...
Impact of New e-Invoice Regulations in Romania on B2C Transactions: What You Need to Know
The Government of Romania has adopted an Emergency Ordinance regarding changes to the national electronic invoicing system The new legislation extends the use of the RO e-Invoicing system for transactions between...
Enhanced 2024 eInvoicing Country Factsheets by European Commission: A Comprehensive Overview
European Commission published the 2024 eInvoicing Country Factsheets Factsheets offer detailed overview of eInvoicing policy landscape, digital reporting requirements, and other essential aspects New dimensions included...
Slovenia 2024 eInvoicing Country Sheet
The Ministry of Public Administration is responsible for policy making, while the Public Payments Administration of the Republic of Slovenia (PPA), attached to the Ministry of Finance, is responsible for the...
Hungary EU presidency downgrades VAT in the Digital Age
New Council of EU president plays down expectations on VAT reforms
Source vatcalc
Join the LinkedIn Group on ”VAT in the Digital Age” (VIDA), click HERE
E-Invoicing Exchange Summit Prague (Sept 23-25)
When and where September 23 to 25, 2024 in Prague, Czech Republic Short description The E-Invoicing Exchange Summit Europe will be held in Prague from September 23 to 25, 2024. At this global platform you will get in...
Updated List of banks for tax payments available at e-Pay Tax service at e-Filing Portal
The Income Tax Department has issued an updated List of Banks dated July 01, 2024 for tax payments available at e-Pay Tax service at the e-Filing Portal
Source A2ztaxcorp
Spain’s e-Invoicing: Current Status and Future Implications
Spain is undergoing significant changes in its e-Invoicing landscape due to the new draft regulation published on June 15, 2023, and the earlier “Crea y Crece” Law 18/2022. This requires companies to adapt to the...
e-Invoicing in Liechtenstein: Current Landscape and Future Directions
Liechtenstein’s eInvoicing framework is guided by the Law of 10 November 2017 on Public Procurement (ÖAWG) and the Public Procurement Ordinance (ÖAWV). The country does not operate a dedicated eInvoicing platform...
Collection of E-Invoicing Guides – Worldwide
Last update: July 15, 2024 Australia The Invoicing Hub: E-Invoicing in Australia Austria European Commission: 2024 Austria 2024 eInvoicing Country Sheet The Invoicing Hub: E-Invoicing Compliance in Austria: The Complete...
How electronic invoicing works in Costa Rica
How the electronic invoicing system in Costa Rica works Requirements for being an electronic invoice issuer in Costa Rica Electronic Documents Types of electronic documents Format of electronic documents Catalog of...
E-Invoicing: Revolutionizing Tax Compliance, Efficiency, and Security in Global Business Operations
E-invoicing is changing tax compliance and business efficiency worldwide E-invoicing allows for structured and machine-readable data exchange between trading partners Governments worldwide are mandating e-invoicing to...
Germany’s Mandatory e-Invoicing: Key Information for Businesses to Prepare for Compliance
Germany is introducing mandatory e-invoicing for B2B transactions starting on 1 January 2025 Transitional rules will apply through 2027 to help companies manage implementation costs E-invoicing is the exchange of...
EU VAT in the Digital Age: Challenges, Progress, and Preparation for Businesses
ECOFIN meeting on 21 June 2024 did not reach agreement on ViDA proposals due to Estonia’s objections ViDA aims to modernize EU VAT system for digital economy, close VAT gap, ensure compliance, prevent fraud ViDA...
Maintenance to VAT invoice service platform, VAT invoice verification platform, and VAT special invoice online authentication
The Tianjin Municipal Taxation Bureau will suspend online service systems for maintenance and upgrades Maintenance and upgrades will be conducted on the VAT invoice management system and electronic tax bureau The...
Saudi Arabia E-Invoicing: Regulations, Implementation, and Compliance Guide
KSA e-invoicing software is part of economic digitization activities in Saudi Arabia Aim is to replace paper-based invoices with electronic process E-invoicing involves creating, issuing, and saving digital invoices...
Understanding e-Invoice Exemptions in Malaysia: Who is Required and Who is Exempt?
Malaysia is adopting e-invoicing to streamline operations and ensure compliance, but not every entity is required to issue electronic invoices. Understanding e-invoice exemptions in Malaysia is crucial for businesses...
How Tax Software Can Simplify Your Online VAT Payments
Businesses are increasingly using online tax software, such as Taxually’s OneTax platform, to streamline VAT payments. This software simplifies the complex process of managing VAT payments across borders by...
Feature Focus: Visibility of EDI Relations Within the ecosio.monitor
The ecosio. monitor aims to simplify access to all relevant EDI information in one place, including detailed message information and EDI partner permissions known as “EDI relations”. Visibility of EDI...
Webinar RTC – Get Ready for Malaysia’s e-Invoicing Mandate: Key Insights and APAC Impact (July 17, 2024)
Register HERE Join us for an in-depth webinar on “Key Insights into Malaysia’s e-Invoicing Mandate” hosted by RTC. This webinar will provide a thorough understanding of Malaysia’s e-Invoicing requirements, focusing on...
Lithuanian SABIS Platform and B2G e-Invoicing
Starting July 1, 2024, Lithuania will transition its e-invoicing system for business-to-government transactions to the General Account Administration Information System (SABIS), replacing the E. sąskaita platform. The...
2024 Hungary eInvoicing Country Sheet
The National Tax and Customs Administration of Hungary (NAV) is responsible for eInvoicing regulation in Hungary. The Act CXXVII of 2007 on Value Added Tax allows for electronic issuance of invoices. The Act LXXXIII of...
Mandatory Electronic Invoicing for Domestic Entrepreneurs in Germany: Tax Law Implications from 2025
Electronic invoicing between domestic entrepreneurs will be mandatory from January 1, 2025 Transitional periods until January 1, 2028 at the latest Entrepreneurs must be able to receive and store e-invoices to deduct...
