GSTN has announced updates to its e-invoicing initiative Enhanced e-invoicing portal launched with new features Features include PAN-based search, automatic e-invoice exemption list, updated FAQ section, improved search...
All Technology Posts
Rwanda’s New E-Invoicing Enforcement Drive to Boost Tax Compliance and Consumer Incentives
Rwanda’s Government is implementing an E-Invoicing Enforcement Drive The goal is to improve value-added tax compliance rates Incentives will be offered to consumers who request electronic invoices Source: vitallaw...
6 months ago
Postponement of “Israel Invoices” VAT Reform to May 5, 2024
The implementation of the “Israel Invoices” VAT reform has been postponed until May 5, 2024 The reform aims to address the issue of fictitious invoices causing damage to the state treasury Dealers will be...
6 months ago
Looking at the future – Blockchain in E-Invoicing
Blockchain technology will have a greater impact on various tax topics in the future, particularly in the fight against VAT fraud. It has the potential to reduce administrative burden and improve processes, such as...
6 months ago
The Tax Authority announces the granting of an additional extension to operate the Israeli invoice model
As of May 5, 2024, businesses can only deduct input tax from invoices over NIS 25,000 if there is an allocation number. The Tax Authority has extended the deadline to implement the Israel invoice model to May 5, 2024...
6 months ago
E-Invoicing in the Middle East: Current Developments and Progress
MIDDLE EAST E-invoicing Trends in the Middle East BAHRAIN Bahrain eliminates tax authority approval requirement for e-invoice issuance Bahrain NBR Updates VAT General Guide with New Electronic Document Conditions...
6 months ago
The provisions on the KSeF will enter into force without significant changes
The Ministry of Finance will present a draft amendment to the VAT Act regarding the National System of e-Invoices (KSeF) and technical assumptions in the second half of March. Due to the short deadline, significant...
6 months ago
Summary of completed consultations of the Ministry of Finance on the obligatory National System of e-Invoices (KSeF)
Postponement of Implementation Deadline: The Ministry of Finance announced a delay in implementing the mandatory National e-Invoicing System (KSeF) until the end of 2024. The new implementation date will be announced...
6 months ago
Non-resident companies and Spanish e-regulations
The Spanish Government has notified the European Commission the final draft of the Ordinance regulating B2B e-invoicing obligation in Spain. This regulation extends the obligation to e-invoice for B2B transactions...
6 months ago
E-Invoicing & E-Reporting developments in the news in week 10/2024
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 10/2024 Australia’s Revision of Peppol PINT: A...
6 months ago
Fonoa Webinar – Tax Data and Technology: Practical In-House Strategies (March 19, 2024)
REGISTER HERE Ever struggled with tax data? We thought you might find our upcoming webinar valuable—a practical discussion about tax data quality, validation, and standardization. No fluff, just straightforward insights...
6 months ago
ViDA: Revolutionizing EU VAT for Governments, Businesses, and Consumers
ViDA (VAT in the Digital Age) aims to streamline EU VAT process, registration, and reporting ViDA promises growth and sustainability advantages for governments, businesses, and consumers Challenges for EU VAT reforms...
6 months ago
Navigating the Digital Transformation of Indirect Tax Compliance: A Holistic Approach
Tax authorities globally are transitioning to e-reporting and e-invoicing for value-added tax (VAT) Indirect tax compliance is undergoing significant changes with a focus on data-driven tax administration Companies need...
6 months ago
Revised draft e-invoicing regulation brings Spanish tax authority’s ‘dream’ closer
Spain is moving towards digitalizing the invoicing function for some companies. The process covers from customer registration to electronic invoicing, including recipient acceptance, rejection, and payment. The draft...
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
European Commission’s report on e-invoicing adoption
The European Commission has published a report summarizing the effects of Directive 2014/55/EU on electronic invoicing in public procurement. The report was mandated by the directive and involved consultations with...
6 months ago
Summary of Tax Consultations on KSeF Implementation: Key Issues and Proposed Solutions
Consultations on the National System of e-Invoices ended on March 1st, 2024 Mandatory KSeF will not take effect on June 1st, 2024 as initially planned Tax consultations were held to address concerns and improve...
6 months ago
Conclusion of Consultations on National e-Invoice System by Ministry of Finance
Ministry of Finance concluded consultations on the National e-Invoice System (KSeF) on March 1, 2024 Thousands of participants attended the meetings, showing growing interest in the implementation of KSeF Taxpayers...
6 months ago
New VAT KSEF Regulations Coming into Effect with Minimal Changes – Latest Updates and Expectations
Ministry of Finance will present a project to amend the VAT law regarding the National e-Invoice System in the second half of March There may be a possibility for businesses to voluntarily issue invoices in the National...
6 months ago
Egyptian Tax Authority Requires Electronic Invoices for Tax Declarations Starting July 1, 2023
Egyptian Tax Authority requires only electronic invoices for proving costs or expenses in tax declarations since July 1, 2023 Tax deduction and refund on value-added tax can only be done through electronic invoices Head...
6 months ago
Postponing the introduction of e-invoices (KSeF) in Poland
The implementation of the KseF system in Poland, which aimed to introduce mandatory electronic invoicing for B2B transactions, has been postponed. The delay has caused mixed reactions among entrepreneurs, with some...
6 months ago
E-Invoicing Obligation Commences July 1, 2024
The Zambian Revenue Authority (ZRA) announced that as of July 1, 2024, all VAT registered taxpayers are mandated to issue e-invoices through the Smart Invoice software solution implemented by ZRA. Source Sovos Click on...
6 months ago
Draft legislation on KSeF changes will be released in March
The Polish Ministry of Finance (MoF) completed consultations on the National e-Invoicing System (KSeF). They are analyzing feedback on the system’s functionality and implementation costs. No changes are planned to...
6 months ago
Postponement of e-Invoicing Deployment in France
The Finance Law for 2024 has made some significant changes to tax regulations, particularly focusing on implementing electronic invoicing and e-reporting. The deployment of electronic invoicing will be done in phases...
6 months ago
Exploring the Role of QR Codes in Verifying Tax Invoices
QR codes are mandatory in Saudi Arabia’s Phase 2 e-invoicing. They are only required for Simplified Tax Invoices, which contain less information than full invoices. The QR code encodes invoice data like supplier...
6 months ago
Poland 2025 KSeF e-invoicing; legislation due March
Draft legislation end of March for launch of delayed mandatory KSeF B2B e-invoicing Source vatcalc See also Worldwide Upcoming E-Invoicing mandates, implementations and changes – Chronological Join the Linkedin Group on...
6 months ago
German Parliament Advances Growth Opportunities Act for Mandatory E-Invoicing Implementation
German Parliament’s Mediation Committee made progress on Growth Opportunities Act for e-Invoicing on February 21, 2024 Electronic invoices will be mandatory in Germany from January 1, 2025 Companies with turnovers...
6 months ago
Malawi Implements Mandatory VAT E-Billing System to Combat Fraud and Evasion
Malawi will implement a mandatory VAT e-invoicing system in 2024 Aim is to tackle VAT fraud and evasion New system will replace existing electronic fiscal devices Malawi’s current VAT rate is 16.5% Implementation...
6 months ago
