The Balkans state of Bosnia and Herzegovina is formulating a bill to introduce mandatory electronic invoicing, including live reporting to government tax authorities. This is likely to be presented the parliament in...
All Technology Posts
Spain Issues Order HAC/1177/2024 on Veri*Factu Invoicing Specs
On 17 October 2024, Spain released Order HAC/1177/2024, specifying technical standards for computer and electronic invoicing systems (SIF) in compliance with the Veri*Factu law (Royal Decree 1007/2023) and existing...
The Impact of VIDA, E-Invoicing and AI on Future VAT Compliance
As global businesses navigate an increasingly complex landscape of VAT regulations, staying ahead of the curve is crucial for maintaining compliance and optimizing tax processes. The Evolution of VIDA and it’s...
Advantages of Using VeriFactu Instead of the Non-VeriFactu Mode in the New Fiscalization System in Spain
The VeriFactu system in Spain’s new fiscalization framework simplifies invoicing by removing the need for businesses to store and manage billing records long-term, reducing administrative burdens and costs. Source: www...
The Exciting Return of KSeF: Amendment, New Invoice Schema, and Project Phasing Updates
The Ministry has published a draft law amending the law introducing the compulsory KSeF Implementation of KSeF will be phased based on sales value achieved in 2025 Transitional periods for issuing invoices on cash...
Return of KSeF – amending the amendment and new invoice schema
The Ministry has published a project amending the mandatory KSeF law along with a new structured invoice project The implementation of KSeF will be phased based on sales value achieved in 2025 Transitional periods have...
Bosnia and Herzegovina to Introduce Mandatory Electronic Invoicing with Live Reporting by 2025
Bosnia and Herzegovina is working on a bill for mandatory electronic invoicing The bill will include live reporting to government tax authorities Expected to be presented to parliament in early 2025 No confirmed launch...
Latvia Mandates E-Invoices in New Law
Latvia has passed a law requiring e-invoices to be used The law aims to reduce paper usage and streamline invoicing processes Businesses in Latvia will need to transition to e-invoices to comply with the new law The...
Tax Authority Sets Deadline For Electronic Sales Receipt Transmission
The Ministry of Energy and Mines of Ecuador issued an Agreement declaring an emergency in the national electricity sector. On October 30, the tax authority issued Resolution NAC-DGERCGC24-00000035, which establishes...
ecosio Webinar: E-invoicing in Singapore (Dec 6)
Register HERE Friday, 6. December 2024 – 10:00 AM – 10:30 AM GMT What we’ll cover In recent years, Singapore has embraced e-invoicing as part of its digital transformation strategy. With the launch of...
Mandatory B2B Electronic Invoicing as of February 2026
Updates on the KSeF National e-Invoicing Platform
The Ministry of Finance in Poland has announced new changes to the KSeF law, along with the release of updated invoice structures.
Source: edicomgroup.com
A New Central Application for e-Invoice and e-Delivery Notes in Turkey Enters Testing Phase
On May 29, 2024, an announcement was made on the Presidency’s website regarding a new central application designed to manage communication between the sender unit and the mailbox for e-invoice and e-delivery note...
EU ViDA Digital Reporting Requirements & E-Invoicing Jul 2030 Update
Work progresses for July 2030 launch and domestic harmonisation to EU standards by Jan 2035 As part of the EU ViDA reforms, EU Finance Ministers gave political agreement to Pillar 1, Digital Reporting on 5th November...
Revised E-Invoice and E-Document Rules for Taxpayers in Diverse Sectors
Government has made changes to e-invoice and e-document requirements for taxpayers Changes apply to taxpayers in various sectors Aim is to streamline tax compliance and reduce paperwork Changes will impact how taxpayers...
UK Government to Consult on Mandatory B2B E-Invoicing Standards for Business Growth and Efficiency
UK government promoting mandatory B2B e-invoicing Consultation launched to gather input from businesses on e-invoicing Aim to reduce administrative tasks, improve cash flow, boost productivity, introduce automation, and...
Testing Phase Begins for Turkey’s New Central e-Invoice and e-Delivery Notes Application
New central application for e-invoice and e-delivery notes in Turkey entering testing phase Announcement made on Presidency’s website on May 29, 2024 Application designed to manage communication between sender...
Key Changes in KSeF Law: New Requirements and Extensions for Businesses
New law introduces key changes in the National e-Invoice System (KSeF) and delays some obligations for entrepreneurs Gradual implementation of KSeF obligation for all taxpayers, with two main stages starting in February...
Supply Chain Management: EDI Best Practices
Importance of EDI in Supply Chain: EDI (Electronic Data Interchange) is crucial for optimizing supply chains by automating and streamlining processes such as inventory management, logistics, and communication between...
ECOFIN approves VAT in the Digital Age package
Approval and Context: On 5 November 2024, the EU Finance Ministers at ECOFIN approved the latest ViDA package. This approval came after Estonia raised concerns about platform rules, leading to compromise...
Comarch Webinar: Global E-Invoicing Mandates – Trends, Strategies & Key Deadlines (Dec 3)
Register HERE When: Tuesday, December 3rd 2024 – 9:00 AM (CET) Discover key strategies to successfully implement e-invoicing in your company! In response to the increasing global trend toward digitalization, many...
ViDA Proposals Adopted – Significant Changes in VAT Coming
On 5 November 2024 EU Member States reached the long-awaited agreement on the ViDA proposal. The gradual coming into application of the measures adopted will have significant consequences for companies trading in the...
Brazil’s Tax Reform and Its Impact on Electronic Invoicing
Introduction of Dual VAT System:Brazil has enacted a tax reform consolidating five taxes into two new ones, the Goods and Services Tax (IBS) for states and municipalities and the Contribution on Goods and Services (CBS)...
Deloitte Global Indirect Tax News
Featured articles. Full Article Here Australia: Top 100 and Top 1,000 taxpayers El Salvador: Tax and customs amnesty India: GST Council recommendations Saudi Arabia: VAT amendments proposed Other news OECD European...
Malaysia: Updated E-Invoicing Guidelines for 2024 Released
The Malaysian Inland Revenue Board issued updated guidelines on the e-invoicing requirements. The guidelines include examples and frequently asked questions to assist taxpayers in compliance.
Source: GVC
Saudi Arabia Determines Criteria for 17th Wave of the Integration Phase for the Country’s New E-Invoicing Requirements
The Saudi Zakat, Tax, and Customs Authority (ZATCA) recently announced that it has determined the criteria for the 17th wave of the integration phase for the country’s new E-Invoicing (FATOORA) requirements...
EU VAT Reforms: Impact on Non-EU Businesses in the Digital Age
The EU’s “VAT in the Digital Age” (ViDA) reform package will bring major updates to the EU VAT system Impact on non-EU businesses will depend on their level of engagement within the EU market ViDA is...
EHF Requirements for Timely Submission of Electronic Invoices and Receipts
EHF requires electronic invoices to be paid on time EHF specifies the deadline for operations carried out during the month Various services are covered by EHF, including energy, transportation, and goods delivery...
Regulation of Electronic Invoicing Law in Dominican Republic: Key Points and Compliance Deadlines
Decree establishing the Regulation of the Electronic Invoicing Law was enacted on October 10 Relevant points include definitions of billing system elements, deferred sending of tax receipts, and requirements to be an...
