The Malaysian Inland Revenue Board updated the Software Development Kit version 1.0 and e-invoicing guidelines to help taxpayers prepare for the upcoming countrywide e-invoicing mandate. The updates include changes to...
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ZATCA further expands the scope of taxpayers to comply with Phase 2
On 28 June 2024, ZATCA announced that taxpayers with revenues exceeding SAR 7 million during 2022 or 2023 are required to comply with Phase 2 requirements from 1 January 2025. The thirteenth wave of the Integration...
Mandatory CTC Electronic Invoicing model in Malaysia as of August, 2024
Key Dates for Mandatory Electronic Invoicing in Malaysia Electronic Invoicing Model in Malaysia: Clearance Using Peppol for Electronic Invoicing in Malaysia How does self-billing electronic invoicing work in Malaysia...
How the Online Electronic Invoice System works – FEL de Guatemala
From Face to FEL Electronic Tax Documents – DTE’s Types of DTE’s Who must adhere to the FEL electronic invoice system? Online Electronic Invoicing System – FEL Requirements to become an...
No EU ViDA agreement until Autumn 2024
VAT in the Digital Age won’t return to ECOFIN for agreement until October or November 2024
Source vatcalc
Join the LinkedIn Group on ”VAT in the Digital Age” (VIDA), click HERE
Minister delays changes in JPK_VAT due to e-invoice obligation shift to 2026
The Minister has postponed changes in JPK_VAT until February 1, 2026 This is due to the delay in the obligation to send structured invoices through the National e-Invoice System The postponement is a result of the...
Romania Extends E-Invoicing Concessions to Ease Transition: International Update Jul. 9, 2024
Romanian authorities have extended the period for businesses to forward electronic invoices without penalties Electronic invoicing obligations for business-to-business transactions were launched on January 1, 2024...
DIAN Procedure for Temporary Closure of Business Establishment Due to Lack of Electronic Invoicing Compliance
The DIAN issued press release 038 of 2024 outlining the procedure for temporarily closing a commercial establishment. The procedure includes a visit to the taxpayer to provide guidance on tax obligations. If...
Smart Invoice: Mandatory e-Invoicing Compliance in Zambia Explained
Zambia has introduced the Smart Invoice system to streamline tax compliance and reduce fraud Starting from July 1, 2024, all businesses in Zambia must transition to the Smart Invoice electronic billing system The Smart...
E-Invoicing in Sweden
B2G E-Invoicing Mandatory for all B2G transactions since 2019. There is no central platform: the use of the Peppol network and the Peppol BIS 3.0 format is highly recommended but legacy formats are still allowed. B2B E...
Spain 2024 eInvoicing Country Sheet
The responsible authorities for eInvoicing in Spain are the Ministry of Economic Affairs and Digital Transformation via the Secretary General for Digital Administration (SGAD), the Ministry of Finance via the General...
Saudi Arabia announces 13th wave of Phase 2 e-invoicing integration
Saudi Arabia’s Zakat, Tax and Customs Authority has announced the criteria for taxpayers to be included in the 13th wave of Phase 2 e-invoicing integration. Taxpayers resident in Saudi Arabia, with a taxable...
Top Advanced Features in Modern ERP Systems (Explained for Beginners)
Thanks to technological advancements, business owners can now leverage the latest and most efficient Enterprise Resource Planning (ERP) features. These include advanced data analytics, embedded AI, and real-time...
Updated specifications of XRechnung (3.0.2) and XBestellung (1.0) in Germany
The German Office for the Coordination of IT Standards (KoSIT) has updated the XRechnung 3.0.2 and XBestellung 1.0 specifications for e-Invoicing and electronic ordering. The updates to XRechnung 3.0.2 include...
Waiting for ViDA: Modernizing VAT for the Digital Age
The EU’s VAT in the Digital Age (ViDA) proposal aims to modernize the current VAT system by addressing e-invoicing, platform economy complexities, and simplifying multi-country VAT registration. ViDA’s key...
Singapore implements Invoice Response for B2G invoices
The Accounting General Department (AGD) has introduced the Invoice Response document for B2G suppliers to receive real-time status updates for e-invoices sent via InvoiceNow (Peppol). Singapore has implemented...
Ministry of Finance adjusts JPK_VAT deadlines for KSeF implementation by July 8, 2024
Ministry of Finance modifies deadlines for adjusting JPK_VAT to KSeF to July 8, 2024 Businesses have extra time to adapt to new requirements until July 31, 2026 Obligation to include data from simplified invoices in...
The Future of E-Invoicing in Austria: Embracing Digital Transformation for Business and Government
Digitalization is changing business life in Austria, with e-invoicing replacing paper-based invoices B2B e-invoicing will be mandatory in Germany from 2025 ViDA aims to modernize the VAT system for the digital age and...
2024 Greece 2024 eInvoicing Country Sheet
The Directive 2014/55/EU was transposed into Greek law under Law 4601/2019. The transposition includes the use of an extra year for compliance by non-central entities, and it is mandatory for national, regional, and...
The role of E-Invoicing in the digital transformation of organisations
Poland’s decision to implement E-Invoicing is a significant step towards digital business transformation. The move aims to revolutionize invoicing, streamlining the process and enhancing the integrity of the tax...
E-invoicing and electronic document exchange in Kazakhstan
Kazakhstan is driving digitalisation in its accounting system through the introduction of E-Invoicing and electronic document exchange to improve efficiency, transparency, and reduce costs. This modernisation aims to...
E-Invoicing in Poland
E-Invoicing is currently accepted, as well as paper or PDF invoices. E-Invoicing should become mandatory both for B2G & B2B transactions in 2026 through the “KSeF” central platform using the “FA(2)” (XML) format...
Reducing CO2 Emissions: The Impact of Uncollected VAT and Electronic Invoicing Solutions
European Commission report shows member states lost around 61 billion euros in uncollected VAT in 2021 Romania alone lost over 8 billion euros in uncollected VAT, ranking third in Europe Romania introduced mandatory e...
ViDA: Upcoming Changes in VAT System for Digital Platforms and E-Invoicing by 2027
ViDA is a package of changes to the VAT system in the EU, including digital platforms, e-invoicing, digital reporting, and VAT registration ViDA aims to digitize processes and streamline VAT regulations Mandatory e...
Relevant aspects to consider in the implementation process for Electronic Tax Documents in El Salvador
On June 4, 2024, the Ministry of Finance in El Salvador issued an updated version of its Compliance Regulations for Electronic Tax Documents. The key points addressed in the newsletter include: Information Consistency:...
Romania’s Proposal for Mandatory RO E-Invoice Register Procedure
Romania has proposed a procedure for a mandatory electronic invoice register The register would be known as the RO E-Invoice Register The purpose is to combat tax evasion and improve tax collection Businesses would be...
Madagascar’s Centralised e-Invoicing Platform: A Guide for Businesses in Tax Compliance
Madagascar is implementing a centralised e-Invoicing platform to collect structured VAT invoices The platform aims to secure tax receipts, eliminate fraud, and reduce compliance costs Digitalisation efforts include...
Latvia 2024 eInvoicing Country Sheet
The Ministry of Finance, in collaboration with the State Revenue Service, State Treasury, and State Regional Development Agency of Latvia, is responsible for implementing and maintaining the technical solution in the...
