Paraguay Tax Agency has extended the deadline for mandatory electronic invoicing The new deadline is January 1, 2025 This applies to new taxpayers using the E-Kuatia System Source: news.bloombergtax.com Note that this...
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Mauritius Implements Mandatory E-Invoicing for Businesses in 2024
Mauritius Revenue Authority (MRA) is implementing mandatory e-invoicing for businesses operating on a Continuous Transaction Controls (CTC) model. The phased rollout of the pre-clearance Electronic Billing System will...
7 months ago
Malaysia’s Income and Indirect Tax Developments: February 2024 Update on E-Invoicing and More
Monthly summary of tax developments in Malaysia Covers income tax, indirect tax, and electronic invoicing Updates on indirect tax legislation Proposed increase in service tax rate and expansion of taxable services Guide...
7 months ago
Implementation of New Electronic Invoicing System in Paraguay: Decree No. 872
The Presidency of the Republic of Paraguay issued Decree No. 872 Decree incorporates new sales receipts and tax documents into SIFEN SIFEN is the National Integrated Electronic Invoicing System Documentation that can be...
7 months ago
Withdrawal of Block on E-Way Bills Generation without e-Invoice or IRN in India
The block on the generation of E-Way Bills without an e-Invoice or IRN in India may be potentially withdrawn The requirement of providing e-invoice details on e-waybills was set to be effective from March 2024 The...
7 months ago
Estonia’s Draft E-Invoicing Law Signals Momentum for Digital Invoicing in the Country
Estonia is considering a draft e-invoicing law The law aims to introduce revisions to the 2017 Accounting Act It focuses on Business-to-Government (B2G) e-invoicing Estonia is also looking into Business-to-Business...
7 months ago
Tax Authority Extends Deadline to Implement Electronic Invoicing Technical Annexes, Electronic Equivalent Documents
Source: IBFD (subscription needed)
7 months ago
Tax Master Data Management: 5 Reasons It Should be Your Priority in 2024
In the era of digitalisation, tax master data has been catapulted to the top of the list of priorities for global tax teams. Whereas most people’s impression of data was once defined by vast, manual databases that were...
7 months ago
Belgian Chamber of Representatives Approves Mandatory Electronic Invoicing
On 1 February 2024, the Belgian Chamber of Representatives approved the law submitted on 28 December 2023 that amends the Value Added Tax Law for the introduction of mandatory electronic invoicing.
Source: Orbitax
7 months ago
France’s e-invoicing reform : delayed but not dead!
The mandatory electronic invoicing reform in France has been delayed once again, with the new implementation date set for 1 September 2026. This delay is due to significant IT development delays by the State. The reform...
7 months ago
Implementation Highlights of Slovakian E-Invoicing: Obligatory Rollout and Key Milestones
E-invoice system becoming obligatory in Slovakia Rollout in four phases throughout 2023 Currently mandated for G2G and B2G transactions Q1 2024 milestones include Ministry of Finance, Datacentrum, and associated...
7 months ago
Malaysia to Begin Pilot Phase of CTC Clearance Model in May 2024
Malaysia is implementing a CTC clearance model starting in August 2024 The pilot phase for this model was initially set to start in January 2024 but has been postponed The pilot phase is now scheduled to begin in May...
7 months ago
Pakistan issues guidance on electronic transmission of sales tax invoices
Tax authority issued guidance on electronic transmission of sales tax invoices Importers, manufacturers, wholesalers, and distributors of fast-moving consumer goods must electronically transmit B2B sales tax invoices...
7 months ago
Pakistan Taxpayers Must Request Extensions for Electronic Invoices Until Software Providers are Approved
Manufacturers, importers, wholesalers, dealers, and distributors of fast-moving consumer goods in Pakistan must issue electronic sales tax invoices from 01 February 2024. The government has not yet approved software...
7 months ago
Navigating E-Invoicing in Lithuania: Your Comprehensive Guide to Compliance
The mandatory implementation of electronic invoicing in Lithuania began in 2017 to increase transparency in transactions. Electronic invoices were initially transmitted in the national XML format to combat tax fraud. In...
7 months ago
E-invoicing system pilot announced by Malaysian authorities
The Malaysian Inland Revenue Board (LHDNM) plans to gradually introduce mandatory electronic invoicing starting from 1 July 2024 to 1 January 2027. The new system will cover all domestic and cross-border transactions...
7 months ago
eInvoicing & eReporting: Insights and Imperatives
The global business landscape is rapidly transforming with the integration of eInvoicing and eReporting mandates, driven by governments to enhance real-time data accessibility, tax compliance, and automate tax audits...
7 months ago
Colombia officially postpones mandatory issuance of new electronic document types
The Colombian tax authority (DIAN) has officially postponed the deadlines for compliance with new electronic equivalent documents. The new go-live dates are as follows: – May 1, 2024: taxpayers’ systems must be...
7 months ago
Pilot Phase starting in May 2024
Starting in August 2024, Malaysia will implement a CTC clearance model for large taxpayers engaged in commercial activities. The pilot phase, originally set for January 2024, has been postponed, and the Inland Revenue...
7 months ago
New KSeF obligation date to be announced by the end of Q2 2024
The new mandatory phase for the National e-Invoice System (KSeF) implementation will be announced by the end of Q2 2024, after completing the audit. The Ministry of Finance recently held a meeting to review...
7 months ago
Introduction into SAP S/4HANA On-Premise & Cloud
S/4HANA is the most important, but by no means the only, data source for the tax department. With regard to data management, it can be said that a tax department should utilise as much data as possible from S/4HANA in...
7 months ago
Polish Government Starts a Consultation After Postponement in e-Invoice Regulation
Finance Minister Andrzej Domański has confirmed the upcoming implementation of the National e-Invoice System (KSeF) and outlined plans for consultations beginning on February 9. The consultations will address legal...
7 months ago
Poland Initiates Consultation on KSeF System Following E-Invoicing Delay
Polish Ministry to initiate consultation process on KSeF Consultation begins on February 9 New timelines expected to be published by May Minister of Finance assures implementation of mandatory KSeF Ministry to announce...
7 months ago
Paraguay Extends Mandatory Electronic Invoicing Deadline for New Taxpayers until 2025
Paraguay’s National Directorate of Tax Revenues has extended the deadline for mandatory electronic invoicing for new taxpayers. The new deadline is 1 January 2025. Source: orbitax.com Note that this post was...
7 months ago
Updates on French VAT Reform, Official Guidelines on Bundled Supplies, and Changes in Art Market VAT
The e-invoicing and e-reporting reform in France has a new calendar for implementation. Starting from 1 September 2026, all companies must be able to receive electronic invoices and large and intermediate-sized...
7 months ago
The State of Electronic Invoicing in Panama
Learn about the status of electronic invoicing in Panama. Here you will find everything you need to know to adapt to any electronic invoicing system in the country. Current legislation What is a PAC (Qualified...
7 months ago
Mandatory CTC Electronic Invoicing model in Malaysia as of August, 2024
Starting in May 2024, the Inland Revenue Board (IRB) in Malaysia will launch an electronic invoice pilot program to test its effectiveness and integration with companies. Approximately 4,000 taxpayers will be required...
7 months ago
The DIAN has published a N°8 Resolution to fully regulate the Electronic Invoicing System
On January 31, DIAN issued Resolution No. 8, extending the deadline for implementing Technical Annex 1.9 of the Electronic Invoice and Annex V1.0 for the electronic equivalent document. The resolution adjusts Article 23...
7 months ago
