Targeted Rollout for Medium-Sized Businesses: The Inland Revenue Board of Malaysia (IRBM) is launching the second phase of its e-invoicing mandate on January 1, 2025, focusing on medium-sized businesses with annual...
All Technology Posts
Romania’s 2025 Tax Compliance and E-Invoicing Changes
Mandatory B2C E-Invoicing: Starting January 1, 2025, Romania will require electronic invoicing for business-to-consumer (B2C) transactions to combat tax evasion and enhance transparency. A transitional phase allows...
7 months ago
ZATCA’s 18th Wave of Taxpayers
Targeted Taxpayers: The Zakat, Tax and Customs Authority (ZATCA) has identified the criteria for the 18th Wave of e-invoicing integration, focusing on taxpayers with VAT-relevant revenues exceeding SAR 2 million in 2022...
7 months ago
The Role of E-Invoicing in U.S. Digital Tax Reporting
Current Landscape and Benefits: E-invoicing is gaining traction in the U.S., offering significant advantages such as improved cash flow management, enhanced accuracy, and streamlined tax compliance. Although not...
7 months ago
How U.S. Small Businesses Can Transition to E-Invoicing (Common Mistakes to Avoid)
Growth and Importance of E-Invoicing: The global e-invoicing market is projected to grow significantly, from $12.47 billion in 2023 to $62.68 billion by 2031, emphasizing the need for U.S. small businesses to adopt e...
7 months ago
E-invoicing Network Models
Types of Communication Models: E-invoicing utilizes various network models, ranging from 2-corner (direct point-to-point) to 5-corner systems, each defined by the number of communication nodes involved, affecting the...
7 months ago
Germany’s Upcoming Regulatory Changes in 2025
Shortened Invoice Retention Periods: Starting January 1, 2025, Germany will reduce the mandatory invoice retention period from 10 years to 8 years for invoices with retention obligations beyond December 31, 2024, while...
7 months ago
ViDA Initiative Drives Digitalization with E-Invoicing Pilot and Electronic VAT Certificates
Launch of OpenPeppol’s ViDA Pilot: OpenPeppol initiated a pilot program in December 2024 to test the 5-corner model for e-invoicing and digital reporting requirements under the ViDA framework, involving 101 participants...
7 months ago
Nationwide Digital E-Fapiao Rollout Implemented on December 1, 2024
Nationwide Implementation: As of December 1, 2024, China’s State Taxation Administration has fully implemented the digital e-fapiao system, allowing all taxpayers to issue electronic invoices. Expansion to Civil...
7 months ago
Portugal’s 2025 Budget Affects E-Invoicing Regulations
Budget Approval: On November 29, 2024, the Portuguese Parliament approved the 2025 state budget, impacting tax and e-invoicing regulations. PDF Invoices Accepted: Taxpayers can continue submitting PDF invoices as...
7 months ago
Publication of Peppol Specifications for MY PINT Specifications
Updated Specifications Released: Peppol has published version 1.1.0 of the Malaysian billing specifications, which now include updated guidelines for invoice, credit note, self-billing invoice, and credit note...
7 months ago
Turkey Implements New Central System for e-Invoices and e-Waybills
The Turkish Revenue Administration has announced a new central application for e-invoices and e-waybills starting December 14, 2024 The new system aims to improve communication between the Sender Unit and the Mail Box...
7 months ago
Who Now Asks for Electronic Invoices in Restaurants?
Since January 1, 2025, electronic invoices are mandatory for transactions between domestic businesses Many business owners are just realizing the challenges of implementing electronic invoicing Electronic invoices are...
7 months ago
Senegal Advances Mandatory e-Invoicing with 2025 Finance Bill to Curb Tax Fraud
Senegal is set to introduce mandatory electronic invoicing for all commercial transactions as part of the 2025 Finance Bill The initiative by the Directorate General of Taxes and Domains aims to combat tax fraud and...
7 months ago
Argentina Implements New E-Invoicing Rules for Foreign Currency Transactions
The Argentine Official Gazette published General Resolution No. 5616/2024 on December 18, 2024, focusing on e-invoicing and voucher issuance procedures The resolution mandates recording the exchange rate on receipts for...
7 months ago
Streamlining Romanian Business Invoicing with e-Factura from 2024
Mandatory e-Factura System: Starting July 2024, businesses in Romania must use the e-Factura system for all B2B transactions. Non-compliance will result in penalties ranging from €1,000 to €2,000, particularly for large...
7 months ago
Ensuring E-Invoice Reception Without Technical Upgrades by 2025
The end of the year is approaching and by 2025 all companies and self-employed individuals must ensure they can at least receive genuine electronic invoices Many are hesitant about the costs of acquiring suitable...
7 months ago
BMF Releases New FAQ List on E-Invoicing Implementation by 2025
The German Federal Ministry of Finance has released a FAQ list for the introduction of electronic invoicing starting in 2025 The list is based on a document from the ministry dated October 15, 2024 It includes...
7 months ago
Estonia’s E-Invoicing Updates: Key Changes for 2025 and Beyond
Mandatory E-Invoicing by 2027: The Estonian Ministry of Finance aims to implement mandatory e-invoicing for domestic B2B transactions by 2027, with legislation expected in June 2025 after public consultations. This...
7 months ago
November 2024 release of A-NZ Peppol v1.0.12 and PINT A-NZ Billing v1.1.0
Peppol Specifications Update: Peppol Authorities released the A-NZ Invoice and Self-Billing specifications v1.0.12 and PINT A-NZ v1.1.0 in November 2024, with mandatory adoption from March 10, 2025, aligning with Peppol...
7 months ago
DGFiP to become Peppol Authority for France
Peppol Authority Announcement: On December 13, 2024, it was announced that France will establish its own Peppol Authority, marking a significant milestone in developing the French Continuous Transaction Controls (CTC)...
7 months ago
Electronic invoicing and reporting in Greece: the myDATA platform
In Greece, the business transaction landscape has been transformed by the introduction of the MyDATA platform, created by the IAPR to digitize invoices and accounting statements. All companies established in Greece and...
7 months ago
OpenPeppol to Act as Interim Peppol Authority for France’s e-Invoicing
Approval of Key Decisions: The OpenPeppol Managing Committee approved Internal Regulations Part II, which sets a standardized foundation for the Peppol Network. OpenPeppol will act as the interim Peppol Authority for...
7 months ago
Indonesia’s e-Faktur System: Revolutionizing Electronic Tax Invoicing
Indonesia’s e-Faktur system is a significant update to the country’s tax and billing processes Managed by the Directorate General of Taxes, e-Faktur aims to increase transparency, efficiency, and compliance...
7 months ago
Italy Advances Customs Processes with Mandatory Digital Declarations System
Italy is implementing a new digital system for customs declarations starting December 2, 2024, for exports and January 21, 2025, for transit Businesses must use this system which involves XML message exchanges with...
7 months ago
FBR Integrates FMCG Sector with Digital Invoicing to Enhance Tax Compliance
FBR integrates FMCG sector with digital invoicing system to enhance transparency and compliance Integration aims to streamline tax collection and improve documentation Sales Tax General Order No 2 of 2024 issued on...
7 months ago
India Lowers Threshold for Mandatory E-Invoicing to INR 10 Crores
India increases the scope of mandatory e-invoicing Starting from 1 April 2025, businesses with annual turnover over INR 10 crores must report e-invoices within 30 days The announcement was made on 5 November 2024...
7 months ago
Launching e-Tamga for Automated VAT Balance Calculation: Kazakhstan’s Pilot Project
The Committee of State Revenues of the Ministry of Finance of Kazakhstan has developed a draft order for the approval of rules and timelines for implementing a pilot project on automated VAT balance calculation using...
7 months ago
