The Executive Yuan passed a draft amendment to the Value-Added and Non-Value-Added Business Tax Law The draft amendment requires businesses to submit electronic invoices and related information to the Ministry of...
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Namibian Ministry of Finance unveils 2024-25 Budget with tax incentives and VAT changes.
Namibian Ministry of Finance & Public Enterprises presented the 2024-25 Budget Statement Introducing a Special Economic Zones regime with a 20 percent corporate income tax rate and zero percent VAT Increasing the...
6 months ago
eInvoicing Process in Australia
The rapid development of information technologies led to a shift from manual to electronic business processes, including the evolution of eInvoice applications. Australia has adopted the Peppol framework for eInvoicing...
6 months ago
Update: E-invoicing in Israel has been delayed by a month!
The tax authority of Israel has announced an additional extension to the e-invoicing mandate until May 5, 2024. Businesses receiving tax invoices over NIS 25,000 can only deduct input tax if there is an allocation...
6 months ago
Kenya’s e-Invoicing Evolution: The Transition to eTIMS
The Kenya Revenue Authority (KRA) has introduced mandatory e-invoicing to enhance transparency and tax compliance. Starting from September 1, 2023, businesses in Kenya must adopt electronic invoicing through the eTIMS...
6 months ago
Namibia e-invoicing 2024
Budget proposes introduction of electronic invoicing. No implementation date known yet. Source vatcalc See also Worldwide Upcoming E-Invoicing mandates, implementations and changes – Chronological Join the Linkedin...
6 months ago
What is an API?
An API, or application programming interface, is a set of rules or protocols that let software applications communicate with each other to exchange data, features and functionality. Sources Wikipedia IBM CA Prasenjit...
6 months ago
E-Invoicing in the Africa: Current Developments and Progress
Botswana’s 2024 budget unveils plans for e-invoicing implementation Botswana’s 2024 budget aims to modernize the Income Tax Act in response to the changing global business environment. Key proposals include reviewing...
6 months ago
KSeF Consultations: Stakeholder Insights
The Ministry of Finance organized meetings to gather feedback on the mandatory use of the National e-Invoicing System (KSeF). The consultations included sectoral and technical meetings, addressing topics like invoice...
6 months ago
One Step Closer to E-invoicing in Germany
The Bundestag has adopted the recommended resolution for the Growth Opportunities Act, which includes significant changes in electronic invoicing. The law still requires approval from the Bundesrat, with the next...
6 months ago
How the Online Electronic Invoice System works – FEL de Guatemala
New Technical Annex 1.7.69 – Introduction of “Provisional Invoice (FACP)” The Tax Administration Superintendence (SAT) of Guatemala has released a new technical annex, version 1.7.69, in draft form...
6 months ago
Croatia prepares for B2B electronic invoicing: Fiscalization Project 2.0
B2B electronic invoicing in Croatia planned for 2026 Croatia plans to introduce electronic invoicing between companies starting from January 1, 2026 The obligation to report national transactions is planned to be...
6 months ago
The Electronic Invoice in Peru
New Resolution 32/2024 – Payment Receipts for Airline Tickets The recent Resolution 000032/2024 issued by Peru’s SUNAT, published on February 28, 2024, sets the regulatory framework for the electronic issuance of...
6 months ago
Germany: Current Status of B2B E-Invoicing
The “Bundesrat” will meet on March 22, 2024, to presumably approve the mandatory B2B electronic invoicing, postponing the start of the invoicing requirement until January 2027 for companies with over...
6 months ago
Malaysian PINT BIS Billing Process Document and its Specifications
The Malaysian Government has published PINT BIS Malaysia Billing process 1.0, which implements the Peppol International Model for Billing in Malaysia. The specification incorporates localizations to comply with...
6 months ago
Quick update: E-invoicing in Malaysia, release of PINT BIS specifications
On February 26, 2024, the Malaysian government announced the billing specifications compliant with the PINT methodology for e-invoicing in Malaysia. The specifications include PINT BIS Malaysia Billing Process 1.0 for...
6 months ago
SAP DRC: Everything you need to know | Consulting and Implementation Services
Over the last 10 to 15 years, the tax compliance and reporting landscape has evolved drastically. With more stringent reporting requirements on international business, global regulatory pressure has also increased...
6 months ago
Israel delays the implementation of the allocation number requirements for invoicing
The Israeli Tax Authority has announced a further delay in the enforcement of the allocation number requirements for invoicing, moving the start date from April 2024 to May 5, 2024. Source Fonoa Click on the logo to...
6 months ago
Enhancing Business Efficiency Through E-Invoicing Solutions in Malaysia (Explained!)
Malaysia is set to introduce mandatory e-invoicing by 1 July 2025, with a phased rollout starting from 1 August 2024. The implementation will require taxpayers with an annual turnover of MYR 100 million or more to adopt...
6 months ago
Recent Update from Poland: Understanding Poland’s KSeF Transition
The Polish Ministry of Finance has successfully concluded consultations on the National e-Invoice System (KSeF), marking a significant step towards tax digitalization in Poland. The consultations received extensive...
6 months ago
E-book: E-invoicing and E-transport in Romania – Current Legal State, Challenges and Forecast
The Romanian Revolution in Digital Tax Compliance Explained Romania joined the ranks of European countries using an e-invoicing central platform. However, it did it at an unprecedented fast pace, leaving many taxpayers...
6 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...
6 months ago
Malawi paves the way for e-invoicing
Malawi will abolish the use of Electronic Fiscal Devices (EFDs) and move towards an e-invoicing system. On 23 February 2024, the Finance Minister of Malawi, Chithyola Banda, announced these changes during the 2024/25...
6 months ago
The World of Electronic Invoices: Formats, Regulations, and Global Impact
The text explains that TEAPPSXML 3.0, Finvoice 3.0, PEPPOL BIS 3.0, UBL 2.1, FatturaPA, FacturaE, CII, X12, UBL-TR 1.2, CIUS, and more are structured electronic invoice formats used in different countries. It discusses...
6 months ago
Kenya Extends E-Invoicing Grace Period for Non-VAT Registered Taxpayers Until March 31, 2024
Kenya Revenue Authority (KRA) announced grace period for non-VAT registered taxpayers to onboard to e-invoicing platform until March 31, 2024 No penalties will be imposed on businesses during grace period for not...
6 months ago
FBR looking for expertise in integration for electronic invoicing and licensing
Federal Board of Revenue (FBR) is seeking applications from qualified Software/IT and Audit/Accounting firms for the award of License under various tax laws Specifically looking for expertise in integration for...
6 months ago
What do we know about KSeF after consultations at the Ministry of Finance?
Consultations on the National e-Invoice System (KSeF) were held at the Ministry of Finance Discussions included assumptions, principles, implementation dates, information policy, and industry-specific issues Market...
6 months ago
Poland’s STIR AI Program: Fighting VAT Fraud with Machine Learning Technology
Poland launched STIR machine learning AI programme in 2017 STIR uses algorithms to detect suspicious transactions, fraud, and non-compliance STIR has helped Poland reduce its VAT Gap from €10bn to €8bn STIR enables...
6 months ago
