Bolivia’s federal tax agency has introduced a new electronic invoicing tool Taxpayers can now check information received by the tax agency from electronic invoices The tool aims to improve transparency and...
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Embracing the Digital Future: Certified Peppol Service Provider Status for Enhanced Business Connectivity
Company has achieved IMDA-certified Peppol Service Provider status Certification enhances digital service offerings for businesses in Singapore IMDA launched Peppol-based Nationwide E-Invoicing Network in 2019...
5 months ago
Germany’s B2B E-Invoicing Mandate: Latest Updates and Proposed Timeline for Implementation
Germany’s B2B e-invoicing mandate is still in the process of being finalized Lack of consensus between Bundesrat and Bundestag has delayed progress Mediation Committee met in February 2024 to negotiate a final...
5 months ago
European Commission Report on e-Invoicing Directive Impact on Public Procurement in Digital Age
European Commission Report on e-Invoicing Directive in Public Procurement impact released in February 2024 ViDA proposal indicates large-scale revisions for e-invoicing and e-reporting practices over the coming decade...
5 months ago
Israel Tax Authority Announces New Timeline for CTC E-Invoicing Mandate Implementation Starting May 2024
Israel Tax Authority has published a new timeline for implementing the e-invoicing mandate The first phase will begin in May 2024 Taxpayers must clear invoices with the ITA and can only share validated invoices...
5 months ago
Update of National e-Invoice System API on Test Environment on March 21, 2024 at 10:00.
Update of the API of the National e-Invoice System on the test environment The update is planned for March 21, 2024, from 10:00 on the test environment The update includes UPO on demand and support for PEF invoices...
5 months ago
Navigating the EU VAT Maze: E-invoicing Updates and Compliance Strategies
EU announced initiatives in 2022 to modernize VAT system and combat VAT fraud VIDA initiatives focus on real-time digital reporting through mandatory e-invoicing Other initiatives include single VAT registration for B2C...
5 months ago
Romania Updates E-Invoicing Penalties: New Application Date and Fine Structure for Businesses
Romania has adjusted e-invoicing penalties and their application date Businesses must issue invoices through the RO e-Invoicing Requirements Romania system for B2B transactions in Romania Fines for non-compliance have...
5 months ago
Ministry of Finance invites to summary of KSeF consultation meetings on 15.03.2024
Ministry of Finance invites to the summary of consultation meetings on KSeF on 15.03.2024 The meeting to summarize the consultations on KSeF and present proposals for changes in the system will take place on 21 March...
5 months ago
Overview of the Latest B2B eInvoicing Updates in the Middle East
The UAE is implementing a two-phased e-billing system, with mandatory e-invoicing for transactions exceeding AED 50,000 starting in July 2025 and for all transactions from July 2026. Saudi Arabia has implemented a...
5 months ago
eInvoicing Revolution in Paraguay
Paraguay has made significant progress in modernizing its tax system through the implementation of the SIFEN (Integrated National Electronic Invoicing System). The phased approach to e-invoicing adoption includes a...
5 months ago
The Future of E-Invoicing in Israel: Trends and Predictions
E-invoicing for B2B transactions over 25,000 shekels will be mandatory in Israel starting May 2024, with a phased implementation plan leading to 100% electronic invoicing by January 2028. Compliant e-invoices in Israel...
5 months ago
The Ministry of Finance invites you to the KSeF summary meeting
On March 21, the Ministry of Finance proposed changes to the National e-Invoice System – the ministry announced on Friday. The Ministry of Finance invites interested parties to a meeting summarizing the KSeF...
5 months ago
KRA announces grace period for non-VAT registered businesses to use eTIMS
Non-VAT-registered taxpayers in Kenya have been granted a grace period to register in the eTIMS portal until 31 March 2024. Source Pagero See also Worldwide Upcoming E-Invoicing mandates, implementations and changes –...
5 months ago
Electronic invoices in Poland
The Polish National e-Invoice System (KSeF) enables the issuing, sending, receiving and storing of e-invoices on a voluntary basis since 2022. However, not many taxpayers have decided to implement this solution so far...
5 months ago
Paraguay’s e-Implementation Postponement
The Sistema Integrado de Facturación Electrónica Nacional (SIFEN) is a new tax system in Paraguay that facilitates the issuance, reception, validation, and storage of Digital Tax Documents (DTEs) through the e-Kuatia...
5 months ago
Final proposal on German e-invoicing legislation published
Growth Opportunities Act and E-Invoicing: The Mediation Committee of the Upper House and the German Parliament discussed the implementation of the Growth Opportunities Act, which includes provisions related to e...
5 months ago
Mandatory QR Code Requirement for Fiscalization System in Spain: Verifactu vs No-Verifactu Systems
QR code is mandatory for both Verifactu and non-Verifactu systems in Spain AEAT uses QR code to determine if billing record has been sent or not QR code does not send receipt to AEAT, only checks if billing record is in...
5 months ago
Event: E-Invoicing Exchange Summit in Miami – April 22-24, 2024
The E-Invoicing Exchange Summit will be held in Miami from April 22 to 24, 2024. During the conference, a great variety of presentations, user case studies, roundtables and panel discussions ensure everyone’s needs and...
5 months ago
PwC Romania Tax Conference: Antifraud Controls Intensify, E-Transport and E-Invoice Face Sanctions
Controls against fraud in tandem with Labor Inspection at ridesharing companies have intensified Individuals with high assets have been identified by ANAF and may have additional tax obligations ANAF uses e-transport...
5 months ago
Zambia Enacts Tax Law Amendments: Electronic Invoicing and Mobile Money Transfer Levy Introduced
Amendments to tax laws in Zambia enacted through various Acts Acts received Presidential Assent on 22 December 2024 and are effective from 1 January 2024 Significant amendments include introducing an electronic...
6 months ago
Cameroon Finance Law 2024: Invoices via tax administration tracking system
Effective from 1 January 2024 Disallowing deduction of expenses without proper invoices Extending conditions for VAT deductibility (should be issued via tax administration invoices tracking system) Abolishing VAT...
6 months ago
Poland’s E-Invoicing Updates: Draft Legislation, Training Programs, and Launch Timeline for Compliance
E-invoice obligation in Poland postponed due to insufficient preparation System analyzed for functionality and implementation costs No changes planned to core structure, but discussions on B2C invoicing, offline mode...
6 months ago
Namibia’s 2024 Budget Speech: New Tax Measures and Revenue Collection Improvements
Minister of Finance and Public Enterprises presented the 2024 Budget Speech on 28 February 2024 Proposed amendments include increasing VAT registration threshold and transfer duties thresholds Introducing supertax...
6 months ago
Updates on Indirect Tax Legislation and E-Invoicing: FAQs and Clarifications
Updates on indirect tax legislation Clarification on service tax for passenger ferry tickets Updates on service tax for logistic services Extension of tax incentive for returning expert program Information on E...
6 months ago
Kenya Launches eTIMS Lite for Non-VAT Taxpayers to Generate Invoices Electronically – Compliance Deadline Unchanged
Kenya Revenue Authority (KRA) has launched “eTIMS Lite” for non-VAT registered taxpayers to generate and send invoices electronically eTIMS was introduced in 2023, with a compliance deadline of 31 March 2024...
6 months ago
Budget Statement Paves the Way for e-Invoicing Implementation
Namibia is preparing to implement a VAT electronic invoicing system, aligning with global trends. As part of the 2024-2025 budget statement, the Ministry of Finance and Public Enterprises, in collaboration with the...
6 months ago
E-Invoicing & E-Reporting developments in the news in week 11/2024
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 11/2024 E-Invoicing in the Africa: Current...
6 months ago
