Denmark will implement the OIOUBL 3 Invoice Package for e-invoicing, introducing enhanced compliance, interoperability, and alignment with European standards starting November 15, 2025. Key updates include clearer...
All Technology Posts
Key 2025 GST E-Way Bill and E-Invoice System Updates
Significant updates to GST E-Way Bill and E-Invoice systems effective from January 2025 Aim to improve compliance, security, and integration of transportation systems1. Stricter rules for document dates in E-Way Bill...
6 months ago
Future of VAT Post-ViDA: VEG Report Proposes System Overhaul for EU Growth
The VAT Expert Group of the European Commission released a report on 16 December 2024 discussing the future of VAT post-ViDA package The report explores the long-term prospects of an EU VAT system and examines the...
6 months ago
Legislative changes regarding RO e-Invoice, RO e-VAT, excise duties and RO e-Transport
RO e-Invoice Requirements: Under the amended regulations, the RO e-Invoice for business-to-government (B2G) transactions must include corresponding CPV codes. Simplified invoices will now also be subject to mandatory...
6 months ago
Argentina Introduces VAT Itemization Mandate
Mandate Overview: The Agencia de Recaudación y Control Aduanero (ARCA) requires large taxpayers to itemize VAT and indirect taxes on invoices, with full compliance needed by April 1, 2025. Implementation Timeline: The...
6 months ago
France Publishes Version 3.0 of the External Specifications for e-Invoicing
Implementation Timeline: The French administration’s version 3.0 of the External Specifications outlines the conditions for mandatory electronic invoicing among VAT payers, set to begin on September 1, 2026, with...
6 months ago
Estonia Prepares for B2B E-Invoicing by 2027
Proposed Reforms: The Estonian Ministry of Finance has proposed two key reforms to enhance its tax system: eliminating the €1,000 threshold for transaction reporting and mandating electronic invoicing for all business...
6 months ago
EN 16931 Standard And Its Role In EU’s E-Invoicing Transformation
EN 16931 Standard Overview: The EN 16931 standard, published in April 2017, establishes a unified framework for electronic invoicing across the EU, driven by Directive 2014/55/EU, and outlines specifications for e...
6 months ago
E-Fapiao (fully digitalized E-Fapiao) in China: full adoption as of December 2024
Nationwide Implementation of E-Fapiao: Effective December 1, 2024, China will implement fully electronic invoices (e-fapiao) nationally, following successful pilot programs. This transition aims to enhance...
6 months ago
Phase 2 of the Bookkeeping Act begins in Denmark
Digital Bookkeeping Mandate: Beginning January 1, 2025, Denmark’s Bookkeeping Act requires most companies to adopt digital bookkeeping and e-invoicing, either through certified solutions or compliant self...
6 months ago
Spain VAT Guide 2025
vatcalc.com has provided the summary of the major rules provided under Spanish VAT rules (LIVA (Law 37/1992) and VAT Regulations). Plus adoption of the EU VAT Directive.
Source: vatcalc.com
6 months ago
The Growing Importance of E-Invoicing: Overcoming Key Challenges Going into 2025 and Beyond
In recent years, electronic invoicing (e-invoicing) has rapidly transitioned from an optional process improvement to a vital part of the digital transformation agenda for organisations across every industry. Why is e...
6 months ago
German B2B invoicing mandate takes effect
Mandatory Electronic Invoicing in Germany: Starting January 1, 2025, electronic invoicing will be required for all VAT-bearing domestic business transactions in Germany, with a transition period extending until the end...
6 months ago
What is the difference between Peppol BIS and Peppol PINT?
Peppol BIS (Business Interoperability Specifications) and Peppol PINT (Peppol Interoperability Network Transport) are both components of the Peppol framework, which facilitates the electronic exchange of business...
6 months ago
E-Invoicing & E-Reporting developments in the news in week 1/2025
New LinkedIn Group: Global E-Invoicing & Real Time Reporting developments Click HERE for the PODCAST version discussing ”E-Invoicing & E-Reporting developments in the news in week 1/2025” Follow the latest...
6 months ago
What changes will be introduced in KSeF?
The introduction of support for attachments to KSeF is a breakthrough of sorts – however, the limited scope of this functionality is unlikely to completely eliminate the need to exchange attachments outside the system...
6 months ago
2025 Tax Changes: What you need to know
Global E-invoicing Trends: As we approach 2025, many countries are implementing or expanding e-invoicing and digital reporting mandates for B2B and B2C transactions, leading to increased complexity in compliance due to...
6 months ago
Webinar – Recorded Session & factsheet – E-Invoicing in Germany
Link: Recorded session of webinar organized by Storecove on Dec 19, 2024
Link: E-invoicing in Germany – Factsheet Germany – December 2024
6 months ago
Amendments to Electronic Receipt Issuance Regulations
Modification of Existing Regulations: General Resolution No. 5616/2024 revises and supplements previous regulations (Nos. 1,415, 3,561, 4,291, and 5,198) concerning the issuance of electronic receipts, particularly in...
6 months ago
Turkey Rolled Out Enhanced e-Invoice and e-Waybill System
Launch of New Central Application: The Turkish Revenue Administration (GİB) launched an upgraded platform for managing e-Invoices (e-Fatura) and e-Waybills (e-İrsaliye) on December 14, 2024, aimed at enhancing the...
6 months ago
Ireland Plans Overhaul of Invoicing and VAT Reporting System
Modernization Initiative: Ireland is revamping its e-invoicing and VAT reporting system to enhance operational efficiency and compliance, launching a public consultation to gather feedback on proposed changes that will...
6 months ago
Mandatory E-Invoicing for Electricity and Natural Gas Sectors in Hungary Starting January 2025
Expansion of E-Invoicing Mandate: Starting January 1, 2025, Hungary will expand its e-invoicing mandate to cover all business transactions in the electricity and natural gas sectors, including suppliers, traders...
6 months ago
Australia Begins Transition to PINT A-NZ E-Invoicing Standard
Transition to PINT Specification: Australia will transition from the Peppol BIS 3.0 standard to the PINT A-NZ e-invoicing specification, with mandatory compliance for B2G and B2B transactions starting September 15...
6 months ago
Venezuela’s SENIAT Updates Electronic Invoice Guidelines for December 2024
The Venezuelan tax authority SENIAT updated guidance on electronic invoices in December 2024 The update helps eligible taxpayers apply for a license to use digital invoicing It also provides guidance on compliance rules...
6 months ago
Philippines Advances Electronic Invoicing for Top Taxpayers, Aims to Enhance Compliance
The Bureau of Internal Revenue in the Philippines has restarted its electronic invoicing project focusing on the top 100 taxpayers Companies need to prepare their systems for the electronic transition to avoid penalties...
6 months ago
Argentina Implements New E-Invoicing and Voucher Procedures in 2024
Argentina published General Resolution No. 5616/2024 regarding e-invoicing and voucher procedures The resolution mandates recording the exchange rate on receipts for transactions in foreign currencies If a transaction...
6 months ago
Modernizing VAT in South Africa: Boosting Economy and Streamlining Business Operations
South Africa faces a significant VAT compliance gap, costing the economy between R22 billion and R50 billion annually This gap results from tax fraud, errors, and inefficiencies in VAT reporting Lost VAT revenue could...
6 months ago
Italy Delays Electronic Invoicing for Some Healthcare Providers
Italy delays electronic invoicing requirement for some healthcare providers The new rule affects a specific group within the healthcare sector Implementation date for electronic invoicing has been pushed back to allow...
6 months ago
