Pakistan is modernizing its tax systems, particularly for FMCG sectors FBR mandated electronic invoicing for sales tax transactions starting February 1, 2024 Push towards electronic invoicing began in late 2023 for...
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Revolutionizing B2B E-Invoicing in Poland: The 2025 Launch Timeline and Key Enhancements
Poland is moving towards mandatory implementation of the KSeF e-Invoicing system for B2B sector Timeline for implementation includes draft legislation by end of March, public consultation by end of April, IT...
5 months ago
Poland’s KSeF: Proposed Changes in E-Invoicing Mandate and Public Consultation Results
Polish Minister of Finance held a meeting to summarize public consultation results New updates announced include changes to timeline, scope, offline mode, attachments to invoices, QR codes, paper invoices, and...
5 months ago
Meet VATupdate.com sponsors/advertizers offering ”E-Invoicing Tax Compliance Software”
Fonoa – Fonoa E-invoicing Sovos – Global E-invoicing Compliance Solution Taxera – E-invoicing RTC – E-Invoicing solutions SNI – E-invoicing Reporting Solution Eezi by VAT IT – E...
5 months ago
RO e-Invoice System: No non-compliance penalties until May 31, 2024
“In order to comply with the 5 working days deadline for submitting invoices in the national system for electronic invoicing (RO e-Invoice), as well as the extension until May 31, 2024, during which no penalties apply...
5 months ago
E-Invoicing & E-Reporting developments in the news in week 12/2024
Follow the latest updates on E-Invoicing and Real Time Reporting on www.vatupdate.com and the LinkedIn pages on E-Invoicing/Real Time Reporting and ViDA. Highlights of week 12/2024 GERMANY – Federal Council...
5 months ago
Navigating the Digital Transformation of Indirect Tax Compliance: Key Lessons for Tax Leaders
Indirect tax compliance is undergoing significant changes globally Tax authorities are moving towards e-reporting and e-invoicing The transformation of tax administration is creating a more networked and data-focused...
5 months ago
Germany Implements Mandatory B2B E-Invoicing for Domestic Transactions by 2025
Germany has officially adopted a mandate for B2B e-invoicing for domestic transactions The Growth Opportunities Act requires businesses to be able to receive electronic invoices compliant with the EN 16931 standard by...
5 months ago
Germany’s B2B E-Invoicing Mandate: Updates and Timeline for Implementation
Recent developments in Germany’s legislative landscape have brought the topic of B2B e-invoicing mandates to the forefront The Bundesrat and Bundestag have been engaged in discussions to finalize the direction of...
5 months ago
Mandatory E-Invoicing in Germany by 2025: A Game-Changing Move
The German Federal Council (Bundesrat) has approved the Growth Opportunities Act (Wachstumschancengesetz), paving the way for the phased introduction of mandatory electronic invoicing (E-Invoicing) in Germany. The...
5 months ago
E-Invoicing in Poland: Understanding KSeF and Compliance
The implementation of the National e-Invoicing System (KSeF) in Poland has been postponed until further notice due to problems with the code, functionality, and efficiency of the system. The new implementation deadline...
5 months ago
Namibia envisions introducing VAT e-invoicing during the 2024/25 financial year
Namibia will introduce an e-invoicing system in collaboration with the Namibia Revenue Agency (NamRA) during the fiscal year 2024/25. The system will integrate cash registers at businesses with the Integrated Tax...
5 months ago
Germany introduces countrywide e-invoicing mandate starting in 2025
Germany has approved the Growth Opportunities Act, which mandates the use of B2B e-invoicing. The implementation of mandatory e-invoicing will begin on January 1, 2025. Businesses must be prepared to receive structured...
5 months ago
Spain submits draft regulatory framework for Crea y Crece law to EU Commission
The Spanish government has submitted a revised version of the draft Royal Decree for the “Crea y Crece” initiative, which aims to improve payment efficiency and promote business growth. All companies and...
5 months ago
Ministry of Finance Reveals Directions for Changes in National e-Invoicing System
The Ministry of Finance conducted consultations on the National e-Invoicing System (KSeF) and revealed the proposed changes based on taxpayer feedback. The mandatory implementation of KSeF has been delayed until at...
5 months ago
Federal Council approves E-Invoicing mandate
Growth Opportunities Act approved on March 22, 2024 — Proposed timeline includes mandatory invoice receipt obligations by January 2025 — Mandatory e-invoicing for companies with annual turnover over 800,000...
5 months ago
Major Changes in KSeF to Benefit Taxpayers: VAT Updates and Future Implementation Plans
Ministry of Finance announced changes in the National e-Invoice System (KSeF) The implementation date of KSeF is not yet specified Sellers will be able to issue invoices in KSeF, including for consumers Buyers who do...
5 months ago
FBR Implements SWAPS Rules for Digital Invoicing Enforcement
FBR introduces SWAPS rules for digital invoicing enforcement Aim is to enhance tax transparency and combat evasion Rules outlined in SRO 419(I)/2024 to amend Income Tax Rules, 2002 SWAPS system designed to streamline...
5 months ago
Proposed Changes to KSeF System After Consultations: Key Points and Next Steps
Changes in the KSeF system after consultation meetings on 21.03.2024 Main proposals include unifying the implementation deadline for KSeF for all taxpayers and allowing the possibility of issuing consumer invoices in...
5 months ago
National e-Invoicing System (KSeF) Implementation Date Update: New Date Coming Soon in 2024
Ministry of Finance completed first stage of consultation on National e-Invoicing System Important topics discussed during consultations included voluntary issuance of invoices in KSeF for consumers, concerns about...
5 months ago
EU VAT in the Digital Age agreement 14 May likely
EU ViDA reforms political agreement set for 14th May 2024
Source vatcalc
Join the LinkedIn Group on ”VAT in the Digital Age” (VIDA), click HERE
5 months ago
Israel B2B e-invoicing 5 May 2024 FAQ’s
Frequently Asked Questions ahead of launch of delayed invoice allocation number regime Source vatcalc See also Worldwide Upcoming E-Invoicing mandates, implementations and changes – Chronological Join the Linkedin Group...
5 months ago
Understand the Future: Croatia’s Shift to Mandatory B2B Electronic Invoicing by 2026
Croatia is mandating the transition to electronic invoicing for businesses starting January 1, 2026 as part of the Fiscalization Project 2.0, aiming to modernize the tax system and create a more efficient and...
5 months ago
Accredited Peppol Service Providers in Malaysia
Peppol Service Providers (SP) are responsible for creating and maintaining connectivity gateways compliant to Peppol standards, routing e-invoices, and updating participant details in the Malaysia SMP. Companies...
5 months ago
Croatia’s Fiscalization Project 2.0: B2B Electronic Invoicing Implementation by 2026
Croatia is preparing for B2B electronic invoicing through the Fiscalization Project 2.0 B2B electronic invoicing in Croatia is scheduled to start in 2026 The country plans to introduce electronic invoicing between...
5 months ago
Mandatory B2B E-Invoicing in Belgium: Implementation Guide for Businesses
Belgium plans to make B2B e-invoicing mandatory by January 2026 No reporting obligation currently foreseen Businesses in Belgium must issue e-invoices for local B2B transactions taxable in Belgium E-invoices must be...
5 months ago
That’s why it’s time for Swedish companies to prepare for e-invoices
It is only a matter of time before Sweden will also introduce legal requirements for e-invoicing, as is the case in an increasing number of countries and in line with the latest proposal from the EU. It is therefore...
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
