Approval of ViDA Package: On February 12, 2025, the EU Parliament approved the VAT in the Digital Age (ViDA) package, following a political agreement among member states. This package aims to modernize the VAT system by...
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How Electronic Invoicing Works in Argentina
The electronic invoice is mandatory in Argentina for all taxpayers, including self-employed workers. There are different types of electronic invoices, also called electronic receipts, depending on the tax status of both...
5 months ago
VAT Developments to Watch for in 2025
Anticipated VAT changes for 2025 signify a pivotal year for tax accounting systems, blending modernisation with increasing complexity. VAT registered organisations should prepare for evolving VAT compliance demands...
5 months ago
UK Launches Public Consultation on E-Invoicing
Consultation Timeline Open from: February 13, 2025 – May 7, 2025 Public Consultation on E-Invoicing: The UK government has initiated a public consultation from February 13, 2025, to May 7, 2025, to explore the...
5 months ago
Egypt is Expanding its E-Receipt Mandate for B2C Transactions
The Egyptian Tax Authority (ETA) has announced that the sixth wave of taxpayers, designated under Resolution No. 405/2024, must comply with the e-receipt mandate.
Source: SNI
5 months ago
Bahrain VAT E-Invoicing 2025 Potential Launch
The Bahraini tax authority, The National Bureau for Revenue (NBR), is completing the design and build of a nation-wide B2B electronic invoicing system. This includes the design of IT architecture cybersecurity, project...
5 months ago
5 months ago
Denmark Updates OIOUBL E-Invoicing Standard: New Schematron Version 1.15 RC Released for Testing
The Danish Business Authority has released OIOUBL Schematron 1.15 (RC) for OIOUBL 2.1, introducing stricter VAT validation rules to improve e-invoicing accuracy.
Source: www.fiscal-requirements.com
5 months ago
The Philippines Advances Electronic Invoicing System
The Philippines Bureau of Internal Revenue (BIR) is implementing an Electronic Invoicing System (EIS) initially targeting the top 100 taxpayers to streamline tax reporting and improve compliance. Source: www.fiscal...
5 months ago
EU Parliament Approves VAT Reforms to Modernise Taxation in the Digital Age
On February 4, 2025, the European Parliament approved significant updates to the Value Added Tax (VAT) regulations, aiming to modernise the system in line with the evolving digital economy.
Source: innovatetax.com
5 months ago
E-invoicing Public Consultation Published
Initiation of Consultation: HM Revenue & Customs (HMRC) and the Department for Business & Trade have launched a public consultation aimed at promoting electronic invoicing across UK businesses and the public...
5 months ago
Government Seeks Views on E-Invoicing
The government has launched a consultation to gather views on standardising e-invoicing, and how to encourage UK businesses and government departments to adopt it.
Source: www.icaew.com
5 months ago
UK Seeks Input On Standardizing Electronic Invoices
HM Revenue and Customs and the Department for Business and Trade have released a joint consultation on electronic invoicing.
Source: www.vitallaw.com
5 months ago
Peppol eInvoicing in the Asia-Pacific Region: An Overview for 2025
As eInvoicing continues to grow globally, the Asia-Pacific region is emerging as a hotspot for its adoption, driven by regulatory mandates and increasing awareness of the benefits of eInvoicing. Here’s a snapshot of the...
5 months ago
Understanding Belgium’s E-Invoicing Mandate: Latest Changes and Key Insights for Finance Professionals
Belgium is poised to transform its tax reporting system with the introduction of mandatory e-invoicing, set to take effect on January 1, 2026. This significant reform aims to combat VAT fraud while simplifying...
5 months ago
The latest updates of e-invoice guidelines from January 2025
Revised E-Invoice Guidelines: On January 28, 2025, the Inland Revenue Board of Malaysia published updated versions of the e-invoice Guidelines (v.4.1) and Specific Guidelines (v.4.0), which clarify rules regarding self...
5 months ago
Government sets out plans for ‘e-invoicing’ overhaul to cut paperwork
12-Week Consultation Initiative: The UK government has launched a 12-week consultation on electronic invoicing (e-invoicing) aimed at reducing paperwork for businesses and enhancing productivity. This initiative is part...
5 months ago
Cambodia Introduces E-Invoicing System to Modernize Tax Processes
Introduction of E-Invoicing: Cambodia has launched a new e-invoicing system aimed at digitalizing tax administration and reducing tax evasion, with plans for voluntary participation throughout 2025. Key Features and...
5 months ago
Brazil Introduces NFCom as a New Mandatory E-Invoicing Requirement
Updated Implementation Timeline: Brazil’s SINIEF Adjustment No. 34/24 establishes that the mandatory adoption of NFCom, a new invoicing requirement for ICMS taxpayers, will begin on November 1, 2025, streamlining...
5 months ago
European Parliament Gives Green Light to VAT in the Digital Age
Online platforms will have to pay VAT for services provided through them from 2030 onwards. On Wednesday 12 February 2025, the European Parliament approved one of the proposals from the VAT in the digital age package...
5 months ago
Bolivia postpones deadline to comply with the e-invoicing obligation for taxpayer groups 10 and 11
Deadline Extension: The Bolivian National Tax Service (SIN) has postponed the deadline for taxpayer groups 10 and 11 to issue digital tax documents from February 1, 2025, to March 1, 2025. Resolution Details: This...
5 months ago
European Parliament Approves VAT in the Digital Age Package
On 12 February 2025, the European Parliament announced its approval of the VAT in the Digital Age (ViDA) Package. The package is meant to update the EU’s VAT systems to reflect the digitalization of its economies...
5 months ago
EU Lawmakers Approve Digital Economy VAT Proposals
The European Parliament on February 12, 2025, approved value-added tax law amendments to, among other things, require that VAT be paid for services provided through online platforms, putting an end to an unfair...
5 months ago
New e-Invoice Guideline Version 4.1 and Specific Guideline Version 4.0
New Guidelines Available: The e-Invoice Guideline Version 4.1 and Specific Guideline Version 4.0 were published on January 28, 2025. Updated Resources: The e-Invoice Illustration Guide has been updated as of September...
5 months ago
EU Parliament Approves ViDA, Modernizing VAT Systems
European Parliament Approval: The European Parliament has approved the ViDA proposal, moving it closer to official adoption by the Council of the EU, aimed at modernizing VAT systems across the EU. Focus on...
5 months ago
France’s PDP e-Invoicing Mandate: 2025 Calendar & Tradeshift Partnership
France’s PDP e-Invoicing mandate is approaching its deadline. This article provides an update on the latest developments and key milestones for the 2025 PDP calendar. The article explores the advantages of...
5 months ago
EU Parliament Approves VAT Reform for Digital Age
European Parliament approves VAT in the digital age Online platforms will have to pay VAT on services provided through them starting in 2030 The proposal amends the VAT Directive 2006 The update will fully digitize VAT...
5 months ago
EU Parliament Approves VAT Update for Digital Age
Parliament approved changes to VAT rules to make them fit for digital times. The update will require online platforms to pay VAT for services provided through them by 2030. This will end unfair competition between...
5 months ago
