New rules require businesses in Germany to provide e-invoices for domestic B2B transactions starting from 1 January 2025 E-invoices must be issued in a structured electronic format compliant with EU standard format CEN...
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Proposed Changes to KSeF: Details and Timeline for Implementation by Polish Ministry of Finance
Proposed changes to the National e-Invoice System (KSeF) were provided by the Polish Ministry of Finance on 21 March 2024 Draft implementing legislation will be published for consultation on 3 April 2024 The Ministry...
5 months ago
Saudi Arabia: Criteria for 10th Group of Taxpayers for E-Invoicing Integration Phase from October 2024
E-invoicing requirement extended to 10th group of taxpayers from 1 October 2024 in Saudi Arabia Criteria for selecting taxpayers in the tenth wave announced by Zakat, Tax and Customs Authority (ZATCA) 10th group...
5 months ago
Accelerating Agreement on VIDA Package: Key Points and Implementation Challenges
The Belgian presidency aims to discuss the VIDA package during the Ecofin meeting in May and hopes to reach an agreement on the entire package Netherlands is supportive of the proposal and is pushing for harmonization...
5 months ago
E-Invoicing Regulations in Lithuania
Lithuania has its own rules for e-invoicing managed by the Ministry of Finance and the State Tax Inspectorate Mandatory e-invoicing obligations for B2G transactions were introduced in July 2017 E-invoicing is not...
5 months ago
Spain’s Draft E-Invoicing Rules: Impact on Businesses and Deadlines for Compliance
Spain submits draft regulatory framework for e-invoicing rules to EU Commission Draft Royal Decree regarding regulatory developments for “Crea y Crece” published on June 15, 2023 Finance Ministry and...
5 months ago
Closing the VAT compliance gap in the digital age package (VIDA) by 2024
VAT in the digital age package (VIDA) aims to reduce the VAT compliance gap State Secretary Van Rij answered questions about the “VAT Gap in the EU, report 2023” The VAT compliance gap in 2022 was calculated...
5 months ago
Saudi Arabia Tax Agency Criteria for Tenth Wave E-Invoicing Integration Announcement
Saudi General Authority of Zakat and Tax announced criteria for tenth wave of linking taxpayer VAT e-invoicing systems Tenth wave begins on Oct. 1 for taxpayers with VAT-taxable revenue exceeding 25 million Saudi riyals...
5 months ago
Poland 2025 KSeF e-invoicing; April legal & interface consultations
New KSeF consultation on law amendments & interface spec’s for delayed mandatory KSeF B2B e-invoicing Source vatcalc See also Worldwide Upcoming E-Invoicing mandates, implementations and changes – Chronological Join...
5 months ago
Germany adopts e-invoicing mandate
Germany received EU Council permission to adopt special VAT rules for e-invoices in 2023, with the “Growth Opportunities Act” detailing the requirements. Starting from January 1, 2025, e-invoices will be...
5 months ago
GSTN mandates e-Invoicing for businesses with over INR 5 crores turnover from April 1, 2024
The GSTN issued Advisory No. 628 on April 03, 2024, mandating e-Invoicing for businesses with a turnover exceeding INR 5 crores from April 01, 2024 onwards. Source A2ztaxcorp See also Worldwide Upcoming E-Invoicing...
5 months ago
Latvia introduces mandatory B2B e-invoicing
The Latvian Ministry of Finance has proposed a strategy to combat the black market economy, including the implementation of a mandatory e-invoicing system for B2B transactions. The strategy aims to simplify the...
5 months ago
Saudi Arabia announces tenth wave of Phase 2 e-invoicing implementation
On March 29, 2024, the Zakat, Tax and Customs Authority (ZATCA) announced the tenth wave of Phase 2 of mandatory e-invoicing implementation. Source Fonoa See also What is the timeline of the E-Invoicing mandate in Saudi...
5 months ago
The E-invoicing Revolution in Romania: From Grace Period to Obligation
In recent years, Romania has been fighting fraud and tax evasion, particularly in response to the highest VAT gap among European Union Member States. A crucial step in this direction has been the implementation...
5 months ago
E-Invoicing in Romania: Complete Guide
Latest Update: The Ministry of Finance announced that the grace period is extended until 31 May 2024. The transition period, during which no sanctions are imposed for not submitting invoices to the national electronic...
5 months ago
Kenya Extends the Grace Period Until 31st March 2024
The legal basis for electronic invoicing in Kenya is provided by the VAT Act of 2013, the VAT (Electronic Tax Invoice) Regulations of 2020, and the Finance Act of 2023. The Tax Invoice Management System (TIMS) is the...
5 months ago
German B2B Status and Recent Updates
Germany is implementing the Wachstumschancengesetz law to promote business growth, tax equity, and streamlined tax procedures. The phased approach to B2B e-invoicing in Germany includes a requirement for all companies...
5 months ago
Romanian e-invoicing / e-reporting – grace period extended
In a recently published Government Emergency Ordinance (N° 30/2024), the Romanian Government extended the grace period during which Romanian taxpayers will not be fined for failure to comply with the new e-invoicing / e...
5 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...
5 months ago
Webinar European Commission – Impact of the EU eInvoicing Directive and the future of electronic invoicing (April 17)
The European Commission is organising a webinar focusing on the impact of the EU eInvoicing Directive and the future of electronic invoicing. It would be great if you could consider joining the webinar and publish about...
5 months ago
Why is Malaysia’s Integration with Global E-Invoicing Networks a Game Changer?
Since 2015, issuing electronic invoices has been possible but optional for Malaysian taxpayers. However, buyers must provide written consent or authorization to receive an e-invoice. Later, in 2022, the government...
5 months ago
Future of eInvoicing: European Commission Webinar on 17 April 2024
European Commission hosting webinar on eInvoicing on 17 April 2024 Webinar open to anyone in the eInvoicing community Agenda includes presentation of report findings, studies conducted, EU Member State intervention...
5 months ago
Proposed Tax Changes in 2024 Bills: E-Invoicing and Labuan Business Activity Tax Amendments
The Income Tax (Amendment) Bill 2024 and Labuan Business Activity Tax (Amendment) Bill 2024 passed in the lower house of Parliament on 26 March 2024 Proposed tax-related changes include allowing taxpayers issuing e...
5 months ago
ZATCA Criteria for Selecting Taxpayers in 10th Wave of E-Invoicing Integration Phase
ZATCA determines criteria for selecting taxpayers for wave 10 of e-invoicing integration phase Circular issued on 29 March 2024 outlines criteria for selecting taxpayers 10th wave will cover taxpayers with taxable...
5 months ago
ecosio webinar – E-invoicing is becoming mandatory in Germany – What you need to know (April 11)
Register HERE Thursday, April 11, 2024: 10:00 a.m. – 10:40 a.m Join ecosio’s experts for an in-depth analysis of German e-invoicing legislation and find out how companies can prepare for the upcoming...
5 months ago
Worldwide updates on E-Invoicing/Real Time Reporting/SAF-T in March 2024
Worldwide Upcoming E-Invoicing mandates, implementations and changes – Chronological Timeline of B2B E-Invoicing & E-Reporting mandates in the European Union Join the Linkedin group on ”Global E-Invoicing/E...
5 months ago
Romania’s E-Invoicing Mandate: Extended Grace Period Eases Compliance Pressure
Romanian Ministry of Finance extends grace period for e-invoicing compliance to May 31, 2024 Penalties for non-compliance postponed from April 2024 Taxpayers given additional time to align invoicing processes with RO e...
5 months ago
Namibia’s VAT Efficiency Boosted Through E-Invoicing: A Leap Towards Modernization
Namibia’s Finance Minister announced a shift towards electronic invoicing for tax collection Collaboration between Ministry and Namibia Revenue Agency Integration of business cash registers with ITAS Expected...
5 months ago
