The Zakat, Tax, and Customs Authority (ZATCA) has recently announced a significant development in the ongoing deployment of e-Invoicing across the Kingdom, marking a pivotal moment in the nation’s digital transformation...
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Consultations open for the draft amendment to the KSeF obligation
The Polish government has released a draft amendment to the mandatory National e-invoicing system, with a public consultation open until April 19, 2024. The draft amendment reflects changes discussed during a briefing...
5 months ago
Draft Amendments on KSeF Regulation Published
On April 3rd, the Polish Ministry of Finance (MoF) presented proposed changes to the VAT legislation affecting KSeF, along with draft interface specification v. 1.9 introducing new functionalities. These include the...
5 months ago
VAT in the Digital Age
What is ViDA? ViDA, is short for VAT in the Digital Age. The European Commission has proposed ViDA as a framework aimed at modernising the existing VAT system to adapt to the digital landscape by 2028. What is the VAT...
5 months ago
Taxback International Team Global VAT Guide: March 2024
The March edition of the Global VAT Guide, features comprehensive updates on VAT regulations and developments from Belgium, Czech Republic, France, Greece, Poland, Switzerland, Turkey, and the United Kingdom. Belgium –...
5 months ago
Spain B2B e-Invoicing and VERI FACTU
Royal Decree 1007/2023, resulting from changes to the General Tax Law, aims to enhance the reliability, accessibility, and traceability of billing records through the ‘Veri*factu’ regulation. The...
5 months ago
Poland – Recent Updates and Changes in the KSeF System
On Mar 21, 2024 the Ministry of Finance presented the consultations concerning the introduction of the National E-Invoice System (KSeF). Some important points attract the attention from the presentation. In addition to...
5 months ago
KSA Determines the 10th Group Implementation
The Zakat, Tax and Customs Authority has laid out criteria for selecting target establishments in the 10th group for implementing the “linking and integration” phase of electronic invoicing. This group includes...
5 months ago
Saudi Arabia announces 10th wave of Phase 2 e-invoicing integration
Saudi Arabia’s Zakat, Tax and Customs Authority has announced the criteria for taxpayers to be included in the 10th wave of Phase 2 e-invoicing integration. Taxpayers resident in Saudi Arabia with a taxable...
5 months ago
E-Invoicing Law published
On March 27, 2024, the Act to Strengthen Growth Opportunities, Investment and Innovation as well as Tax Simplification and Tax Fairness (Growth Opportunities Act) which includes the implementation of the B2B E-Invoicing...
5 months ago
Simplified Implementation of KSeF for Taxpayers: Ministry Incorporates Feedback
The Ministry of Finance confirms that sellers will be able to voluntarily issue invoices in the KSeF for consumers. It will also be possible to issue invoices with attachments, but only for certain industries. On the...
5 months ago
Revolutionizing Business Transactions: A Deep Dive into Spain’s Mandatory Electronic Invoicing System
Spain has introduced mandatory electronic invoicing between entrepreneurs and professionals (B2B) to streamline commercial transactions and enhance efficiency. The draft Royal Decree serves as the regulatory framework...
5 months ago
Clarification on Obligation to Issue Electronic Invoices in Colombian Pesos by DIAN Concept 1509
The DIAN clarifies the obligation for taxpayers to issue electronic invoices in Colombian pesos through Concept 1509 of 2024. Concept 1509 confirms the requirement to invoice in Colombian pesos as stated in Concept No...
5 months ago
Romania Extends E-Reporting Grace Period: New Penalties for Non-Compliance Clarified
Romania enacted Emergency Order 30/2024 on March 29th E-reporting grace period extended until May 31st, 2024 Original grace period was set to end on March 31st Penalties for non-compliance with e-reporting mandate...
5 months ago
Saudi Arabia: New Taxpayer Group Included in Phase 2 of e-Invoicing Implementation
Saudi Arabian Tax and Customs Authority announced the tenth wave of Phase 2 of e-invoicing The tenth wave covers taxpayers with at least SAR 25 million revenue subject to VAT for 2022 or 2023 Taxpayers in this group are...
5 months ago
Germany to Implement E-Invoicing Requirement from 1 January 2025: What You Need to Know
E-invoicing requirements in Germany approved by Bundesrat on 22 March 2024 Entrepreneurs in Germany must issue and receive e-invoices for local taxable transactions starting 1 January 2025 Transition rules for issuance...
5 months ago
Latvia’s Mandatory e-Invoicing Strategy
Ministry of Finance in Latvia unveils strategy for mandatory e-Invoicing for B2B transactions Aim is to combat black market economy and streamline business transactions Strategy includes obligatory creation and exchange...
5 months ago
Spain’s Mandatory Electronic Invoicing
Spain has introduced mandatory electronic invoicing between entrepreneurs and professionals to streamline commercial transactions The initiative aims to enhance efficiency, reduce costs, and combat commercial late...
5 months ago
Lack of Knowledge and Carelessness: Key Factors in VAT Gap
VAT compliance gap caused by lack of knowledge and carelessness in addition to fraud Random checks carried out by the Tax and Customs Administration show that ignorance on the part of those preparing VAT returns is a...
5 months ago
Consultation on Mandatory e-Invoicing Law Changes in KSeF Project Begins 03.04.2024
Consultations on the proposed changes to the mandatory e-invoicing law in the National e-Invoicing System (KSeF) will begin on 03.04.2024 The project includes legal solutions for changes in mandatory e-invoicing in...
5 months ago
Consultation of KSeF Interface Software Specification Project
Consultation of the project specification for the KSeF interface software Ministry of Finance invites feedback on the new functionalities in the mandatory KSeF scope Feedback deadline is April 19, 2024 Project includes...
5 months ago
Paraguay Tax Agency Sets Deadlines for E-Kuatia’i Electronic Invoices for Small Taxpayers
Paraguay Tax Agency announced deadlines for issuance of electronic invoices for small taxpayers through E-Kuatia’i The e-kuatia’i System is being rolled out progressively for free electronic invoice issuance...
5 months ago
Pakistan embarks on a journey to revolutionize its tax system
Pakistan’s Federal Board of Revenue (FBR) has unveiled the Synchronized Withholding Administration and Payment System (SWAPS) to modernize the nation’s tax landscape and combat evasion. Source Pagero See...
5 months ago
ZATCA publishes criteria for the upcoming tenth wave of the Integration Phase
Phase 2 requirements continue to encompass more taxpayers who must comply with the regulations integrating their e-invoicing solution with the FATOORA platform. Source Pagero See also Worldwide Upcoming E-Invoicing...
5 months ago
Extended timeline for medium-sized taxpayers and updates for Partner Dematerialization Platforms (PDPs)
A new decree modifies parts of the legislation for the upcoming CTC mandate, including important updates on service providers’ application process to become Partner Dematerialization Platforms (PDPs). Furthermore, it...
5 months ago
German “Growth Opportunities Act” approved, paving the way for e-invoicing in Germany
From 1st January 2025, it will be mandatory to accept invoices electronically, with this invoicing method to become the standard. From 1st January 2027, e-invoicing for domestic B2B sales will be mandatory for all...
5 months ago
5 essential actions for navigating Belgium’s e-invoicing mandate
Belgium targets 2026 for mandatory B2B e-invoicing and reporting nationwide. Download our one-page guide to Belgium’s e-invoicing mandate, detailing five essential steps for successfully guiding your business...
5 months ago
Answers to parliamentary questions: Analysis of VAT Compliance Gap and Measures Taken (ViDA)
State Secretary Van Rij (Taxation and Tax Administration) answers written questions about the letter to the House of Representatives of 11 March 2024 on the report ‘VAT gap in the EU, report 2023’. Members...
5 months ago
