Mandatory structured electronic invoicing in Belgium postponed to 1 January 2026 Business-to-Business transactions will have to be invoiced through a structured e-invoicing scheme from 2026 Current rules for electronic...
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Romania Extends E-Invoicing Fines Deadline to June 2024: Impact and Timeline
Romania has postponed e-invoicing fines to June 2024 The deadline for e-invoicing fines has been extended from April to June 2024 The grace period for non-compliance with e-invoicing obligations has been extended by two...
5 months ago
France Delays Compliance Date for Micro and Medium Taxpayers
On March 25, 2024, the French government issued a decree introducing amendments to the General Tax Code, focusing on electronic invoicing and registration processes for dematerialization platform operators (PDPs). The...
5 months ago
The Future of Financial Transactions: Adopting e-Invoicing in Malaysia
The Malaysian government is planning to introduce e-Invoicing to streamline tax administration processes. While its implementation has been delayed, a gradual rollout is scheduled to begin from August 1, 2024. Initially...
5 months ago
France’s New Decree: Changes to e-Invoicing Provider Registration Timeline and Mandate Implementation
French authorities have published a new Decree amending provisions for Partner Dematerialization Platform (PDP) operators PDPs are accredited service providers under the French Continuous Transaction Controls (CTC)...
5 months ago
Demystifying EU E-Invoicing: A Complete Guide to Compliance and Implementation
E-invoicing in the EU is essential for businesses operating globally and seeking seamless digital experiences E-invoicing involves streamlining the entire process from invoice creation to payment reconciliation...
5 months ago
Streamlining Cross-Border Trade: EU Directive EN 16931 for Standardised E-Invoicing Compliance
EU Directive EN 16931 standardizes electronic invoicing across member states Compliance with the directive leads to reduced costs, increased efficiency, and greater transparency EN 16931 establishes a unified semantic...
5 months ago
EN 16931 Standards & Country-Specific Mandates for Digital Cross-Border Transactions
EN 16931 standard simplifies cross-border e-invoicing in the EU EU pushing forward with digital agenda and mandatory e-invoicing rules Austria, Belgium, Germany, and Finland have country-specific e-invoicing mandates...
5 months ago
Demystifying ZUGFeRD: A Guide to Germany’s Revolutionary E-Invoicing System
ZUGFeRD is an e-invoicing format developed in Germany It combines PDF clarity with XML efficiency Implementation timeline includes voluntary adoption starting in 2025 and mandatory e-invoicing from 2026 ZUGFeRD is a...
5 months ago
Germany’s Mandatory E-Invoicing: Implementation Timeline and Buyer Consent Changes
Germany will implement mandatory e-invoicing starting January 2025 The Growth Opportunities Act introduced various tax measures, including the mandate for electronic invoicing The e-invoicing requirement will apply to...
5 months ago
E-Invoicing/Real Time Reporting – What can you find on VATupdate.com
WORLD Timeline of the E-Invoicing mandates per country Website tax authorities on E-Invoicing/Real Time Reporting Worldwide Upcoming E-Invoicing mandates, implementations and changes – Chronological Collection of E...
5 months ago
Draft 2024 National Reform Programme: Advancing Towards E-faktúra and Digital VAT Implementation
Ministry of Finance Unveils Draft 2024 National Reform Programme: Advancing Towards E-faktúra and Digital VAT Implementation Unofficial translation E-faktúra” represents an information system for submitting...
5 months ago
What’s Happening in the World of e-Invoicing?
The e-invoicing community is rife with jokes about delays, because its one of those things that is par for the course (can you tell The Masters are coming up soon? 😊). Keeping up with regulatory updates in the e...
5 months ago
The Bundesrat Specifies Its Requirements for the Introduction of a Mandatory E-Invoice In Germany
The Federal Council approved the Growth Opportunities Act, which includes regulations for the introduction of mandatory e-invoicing in Germany. The e-invoicing obligation for domestic invoices in the B2B sector will be...
5 months ago
Purchase to Pay Solutions: A Best Practice Guide
Why is it so important to choose the right purchase to pay solution? The increasing digital transformation of business processes has triggered a global e-invoicing initiative. Paper-based and emailed PDF invoices are...
5 months ago
6 reasons to embrace regular Data Archiving in SAP
Data archiving in SAP is a powerful technique to handle obsolete data that is rarely accessed but must remain available to comply with tax, audit or legal requests. Such data is SAP taking up precious space in the...
5 months ago
E-invoicing in Germany: B2B mandate timeline for implementation
Germany recently joined the bandwagon of implementing B2B e-invoicing in the country. The recent developments in the country’s legislative landscape have given rise to the topic of B2B e-invoicing in Germany at the...
5 months ago
Exploring different models for Continuous Transactions Control
With e-invoicing and e-reporting gaining momentum across the world, knowing even the slightest of its aspects is paramount. Quite an important aspect here would be to Continuous Transactions Control (CTC). Fact of the...
5 months ago
What is Tax Data and why does it matter?
A webinar organized by Fonoa discussed the challenges of managing tax data in large digital enterprises, emphasizing the importance of tax data for compliance and operational efficiency. The webinar featured experienced...
5 months ago
Israeli B2B e-invoicing launch pushed back
Israeli Revenue Service’s (IRS) ambitious plans to launch a B2B e-invoicing system are facing a delay once again. This time, the initial phase of the invoicing mandate was delayed by a month, that is until May 5th 2024...
5 months ago
Germany: Current Status of B2B E-Invoicing
Following the approval of the “Bundestag”, the “Bundesrat” passed the Wachstumschancengesetz on March 22, 2024, under which B2B e-invoicing will become mandatory, starting in January 2027 for...
5 months ago
Romania e-Invoicing Grace Period Extended
In Romania, the e-Invoice system was introduced in 2020, making e-Invoicing mandatory for all entities based in the country for B2B transactions as of January 1, 2024. A grace period was provided until May 31, 2024, for...
5 months ago
How e-invoicing becomes a digital driver
Tüftelfleißig AG successfully reduced VAT errors through intelligent tax determination systems and data quality tests. The company’s shift to e-invoicing led to smoother business processes and increased automation...
5 months ago
Decree No. 2024-266: Implementation of Electronic Invoicing and Transaction Data Transmission for VAT Taxpayers
Authenticated Electronic Official Journal No. 0073 dated 27/03/2024 Decree No. 2024-266 aims to implement electronic invoicing in transactions between VAT taxpayers and the transmission of transaction data. The decree...
5 months ago
Romania E-Invoice Generator: Mobile App for Compliance with RO e-Factura Platform
Established entities in Romania must send domestic invoices via RO e-Factura platform starting July 1, 2024 Platform assigns unique reference number and digital “seal” to invoices Companies can manually...
5 months ago
France Delays Implementation of E-Invoicing Regime to 2026, Small Businesses Get Extra Year
France published Decree no. 2024-266 in the Official Gazette on March 27, 2024 The electronic invoicing regime will be implemented starting from September 1, 2026 Micro and small businesses will have to follow the rules...
5 months ago
Colombia Cracks Down on VAT Non-Compliance Using Invoice Data – International Update
Colombia’s tax agency, DIAN, is cracking down on traders who fail to remit value-added tax Traders failed to remit COP2.1bn in VAT in November and December 2023 More than 85,000 taxable persons are being pursued...
5 months ago
Demystifying Indirect Tax Controls: E-invoicing and Digital Reporting Terminology Explained
Indirect tax controls are being transformed by technology Tax authorities require electronic submission and storage of transactional data Terminology in this area can be complex and confusing Fonoa offers definitions of...
5 months ago
