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...
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Trusted data: 5 essential considerations for the tax department
Data is crucial for business and its volume is increasing rapidly. A strong data strategy is essential for accelerating overall business strategy, including in the tax department. The global tax compliance landscape is...
5 months ago
E-Invoicing in Germany: Complete Guide
Germany has approved a B2B e-invoicing mandate, which will be implemented in phases starting from January 2025. The mandate requires structured electronic invoices and excludes PDFs sent over email as valid e-invoices...
5 months ago
The Peppol 4-corner model and the 5-corner Peppol CTC
Peppol (Pan-European Public Procurement Online) is a standardized framework that streamlines the process of exchanging electronic documents through Peppol Access Points. Peppol is known as the interoperable billing...
5 months ago
France e-invoicing & e-reporting Sept 2026: new technical decree
France issues new decree on PDP measures for delayed 2026 – 27 B2B e-invoicing and B2C e-reporting Source vatcalc See also Worldwide Upcoming E-Invoicing mandates, implementations and changes – Chronological Join...
5 months ago
Timeline of B2B E-Invoicing & E-Reporting mandates in the European Union
Updated July 23, 2024 Highlights Approved B2B E-Invoicing mandates: Romania, Belgium, Germany, Poland and France. Romania will implement mandatory B2B E-Invoicing as of July 1, 2024. Certain transactions will be...
5 months ago
Penalties for Non-Compliance with E-Invoicing Regulations in Ukraine
The Tax Code of Ukraine regulates tax and levy collection relations and imposes penalties for violations. Registration deadlines for tax invoices and adjustment calculations in the Unified register of tax invoices are...
5 months ago
What Are the e-Invoice Requirements in Ukraine (Full Guide)
E-invoicing is becoming popular in Ukraine due to its benefits over traditional paper invoicing. E-invoicing is mandatory for most taxpayers in Ukraine for VAT purposes, with businesses earning over UAH 1 million...
5 months ago
VAT can be deducted if Invoice are issued outside KSeF
Entrepreneurs will be able to deduct input tax from invoices issued without the use of the National e-Invoicing System, as long as the purchased goods or services are used to perform taxable activities, confirmed the...
5 months ago
Parliament Approves E-Invoicing Mandate for Businesses by 2028
German Parliament approves legislation introducing e-invoicing mandate Legislation aims to enhance growth opportunities, foster investment and innovation, and promote tax simplification and fairness Key provision is the...
5 months ago
Poland Delays E-Invoicing Requirements to 2025, Introduces New Implementation Plan
Poland’s Finance Ministry plans to introduce electronic invoicing requirements for all taxpayers simultaneously Implementation of electronic invoicing requirements was delayed after consultations with stakeholders...
5 months ago
Maximizing ROI: The Impact of Automated Indirect Tax Technology on Efficiency and Profitability
Research shows significant savings, accuracy, and ROI from indirect tax technology Automated indirect tax technology can impact invoice accuracy, tax department efficiency, and overall profitability Reasons to invest in...
5 months ago
VAT Deduction Allowed for Invoices Outside KSeF System: Recent Tax Interpretation
Businesses will be able to deduct the tax from invoices issued without using the National e-Invoicing System, as long as the purchased goods or services are used for taxable activities The obligation to use the National...
5 months ago
E-Invoicing in Malaysia: What Are the Compliance Standards and Tax Implications?
As Malaysia prepares for the mandatory adoption of electronic invoicing in June 2024, businesses must familiarize themselves with the system. The Inland Revenue Board of Malaysia aims to enhance tax collection and...
5 months ago
SNI Webinar – E-Invoicing Evolution: Navigating Global Transactions (March 27)
Register here On March 27, 2023 , SNI will deep dive into the evolution of e-invoicing. Join our webinar to explore: • Introduction to SNI • Global Developments: Towards Transaction reporting • Benefits and Challenges...
5 months ago
Updated Questions and Answers on KSEF after the Consultation
Looking for an answer to your question about KSeF? Check out the answers to the most frequently asked questions. The National e-Invoicing System (KSeF), which was supposed to be mandatory from 1 July 2024, will be...
5 months ago
KSeF more business-friendly. Changes in the system after consultation meetings
The Ministry of Finance (MoF) presented the main assumptions of the changes in the system. We proposes to standardize the deadline for the implementation of the mandatory KSeF for all taxpayers and to allow the...
5 months ago
Bundesrat approves the Mediation Committee compromise on the text of the Growth Opportunities Act
On 22 March 2022, the Bundesrat approved the compromise on the Growth Opportunities Act after tough negotiations. The CDU-led Federal States also gave their approval after the Federal Government issued a protocol for...
5 months ago
Romania publishes a draft law extending penalty grace period for not complying with e-invoicing
Romanian Minister of Finance Marcel Bolos intends to extend the grace period for penalties related to electronic invoicing obligations. The proposed draft emergency ordinance would extend the grace period from 31 March...
5 months ago
Proposed changes to KSeF system after the consultation meetings
The Polish Ministry of Finance has proposed changes to the KSeF system and potential timelines. Proposed changes include the ability to issue offline invoices with a QR code and report them to KSeF the next business day...
5 months ago
E-invoicing Implementation in Bulgaria: Current Status and Future Obligations
Bulgaria is in the process of implementing e-invoicing obligations E-invoicing is currently mandatory in B2G, voluntary in B2B, and not included in B2C B2B e-invoicing may become mandatory in the future E-invoicing is...
5 months ago
E-invoicing Obligation in Germany from 2025: Federal Council Approves Legislation
Mandatory e-invoicing in Germany announced in 2021 Legislative process via the “Act to Strengthen Growth Opportunities, Investments, Tax Simplification and Tax Fairness” Setback in November 2023, but law...
5 months ago
Summary of Consultations and Upcoming Changes in KSeF: March 25, 2024 Meeting Highlights
A meeting was held at the Ministry of Finance to discuss the implementation of the National e-Invoice System (KSeF). Minister Domański stressed the necessity of mandatory KSeF implementation, especially concerning...
5 months ago
EU e-invoicing and e-reporting overview
The implementation of mandatory e-invoicing for B2B transactions is increasingly gaining relevance in different jurisdictions around the world, especially in Europe. For this reason, we have prepared an overview of the...
5 months ago
Romania B2B RO e-invoicing eFactură 2024 penalty foregiveness
Following Romania’s first-stage launch of its mandatory e-invoicing regime in January 2024, it has extended the penalty forgiveness phase from 31 March to 31 May in a draft emergency ordinance issued on 23 March...
5 months ago
KSeF Update: New Implementation Date Announcement Expected Soon
New date for implementation of national e-invoicing system (KSeF) in Poland will be announced in late April or early May Ministry of Finance to present proposals for legislation and interface specifications on 3 April...
5 months ago
Updated KPMG Guide to E-Invoicing and Real-Time Reporting Trends
Tax administrations are adopting technology tools to automate tax reporting Trend is leading to a more digitalized world of taxation and compliance Governments issuing new regulations and requirements for taxpayers...
5 months ago
Romania Delays e-Reporting Penalties Deadline to May 31, 2024: Draft Legislation Update
Romanian Ministry of Finance published a Draft Government Emergency Order to defer the grace period for e-invoicing mandate Deadline for penalties for non-compliance with electronic reporting of B2B invoices changed to...
5 months ago
