Non-resident companies operating in Spain must become taxable persons liable for Spanish VAT or IGIC if their transactions occur within the Spanish territory, triggering formal obligations for VAT compliance, including...
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Key Takeaways from the E-Invoicing Exchange Summit APAC 2024
The E-Invoicing Exchange Summit APAC 2024, held in Kuala Lumpur from November 25 to 27, gathered over 150 participants from 20 countries, featuring workshops, presentations, and panel discussions focused on digital...
7 months ago
VAT In Europe: Key Reforms And Changes Coming In 2025
E-invoicing Mandates: E-invoicing is being standardized across Europe, with the EU’s VAT in the Digital Age (ViDA) reforms mandating real-time digital reporting for cross-border trade by July 2030. Member states...
7 months ago
Electronic invoicing: the DGFIP updates its information sheets!
Source entreprendre.service-public.fr Unofficial translation Asof September 1, 2026, companies established in France and subject to VAT will have to accept electronic invoices. The mandatory issuance of electronic...
7 months ago
E-Invoicing in France – FAQs – Unofficial translation in English
Source impots.gouv.fr Unofficial translation in English General Presentation of Electronic Invoicing Why generalize electronic invoicing? Since January 1, 2020, all French companies are required to send their invoices...
7 months ago
FAQ: Mandatory E-Invoice Implementation from January 1, 2025 – Answers to Common Questions
Mandatory E-Invoicing Introduction: Starting January 1, 2025, electronic invoices (e-invoices) will be mandatory for transactions between domestic entrepreneurs in Germany as per the revised regulations in the Growth...
7 months ago
Estonia to Implement Mandatory E-Invoicing by 2027 Following VAT Act Amendment
Estonia aims to implement mandatory e-invoicing by 2027 The Ministry of Finance submitted proposals on December 3, 2024 The proposals are for developing a bill to amend the VAT Act Source: fin.ee Note that this post was...
7 months ago
Estonia Proposes New Measures to Enhance VAT Collection Efficiency
The Estonian Ministry of Finance proposed measures on December 4 to enhance VAT collection The proposal suggests removing the 1,000 euros threshold for declaring transactions requiring all invoices to be declared in a...
7 months ago
Further Delay in VAT Changes for Associations Under DL 146/2021 Expected
The guide titled Electronic Voucher Accounting Data Standard Pilot Operation Guide has been updated The update is in response to directives from the Ministry of Finance and other departments The new version is called...
7 months ago
Final Wave of Taxpayers to Join DGI’s E-Invoicing Portal by 2024
The last group of taxpayers will join the Directorate General of Taxes e-invoicing portal CFE The deadline for joining is 31 December 2024 Source: vatcalc.com Note that this post was (partially) written with the help of...
7 months ago
2025 Update: Precise M Sheet Filling and Digital VAT Reporting Changes
From 2025, companies must adapt to changes in domestic summary reports known as M sheets The autumn tax package mandates more accurate data provision to the Tax Authority for domestic transactions The ViDA package, VAT...
7 months ago
Amendments VAT Law Effective 2025: New preliminary VAT return system as of 2026, ….
Amendments to VAT Law: The Serbian Parliament adopted amendments to the VAT Law, effective from December 15, 2024, with application starting January 1, 2025. Changes include a new preliminary VAT return system starting...
7 months ago
E-Invoicing & E-Reporting developments in the news in week 49/2024
Click HERE for the PODCAST version discussing ”E-Invoicing & E-Reporting developments in the news in week 49/2024” Follow the latest updates on E-Invoicing and Real Time Reporting on www.vatupdate.com and...
7 months ago
Estonia Proposes Mandatory E-Invoicing for B2B Transactions Starting 2027
Starting from July 2025, Estonian taxpayers will be required to issue e-invoices upon the buyer’s request to promote the wider adoption of e-invoicing, with goals of enhancing transparency, reducing fraud, and improving...
7 months ago
Spain’s Mandatory E-Invoicing and Certified Billing Systems: A Regulatory Overview
Mandatory E-Invoicing and Certified Billing Systems: Spain’s “Crea y Crece” Law mandates the use of e-invoicing for B2B transactions to improve administrative efficiency and transparency. Additionally...
7 months ago
Germany Sets Mandatory E-Invoicing for B2B by 2025: Details and Implications
Germany is moving towards mandatory e-invoicing, with a start date set for 1 January 2025 for B2B transactions within the country The European Commission’s VAT in the digital age initiative includes a mandate for...
7 months ago
Denmark’s OIOUBL 3.0 e-Invoicing Standard: Key Dates and Business Implications
Denmark is preparing for a major update in its e-Invoicing system with the introduction of the OIOUBL 3.0 standard The Danish Business Authority announced the OIOUBL 3.0 as a release candidate with a final release date...
7 months ago
New Greek VAT Code Update: Aligning with Modern Standards and EU Reforms
The Greek government has approved a new VAT Code, law 5144/2024, replacing the outdated 24-year-old VAT Code, law 2859/2000 The new code updates the language and structure to meet current standards but does not...
7 months ago
Service Maintenance on National e-Invoice System Environments Scheduled for December 12, 2024
Service maintenance is scheduled for the environments of the National e-Invoice System The maintenance will occur on December 12, 2024, from 00:00 to 03:00 Maintenance will affect the following environments API of the...
7 months ago
Agenda for the 47th Meeting of the Group on the Future of VAT
Group on Future of VAT to hold its 47th meeting on 2 December 2024 Meeting organized by the European Commission’s Directorate-General for Taxation and Customs Union Agenda includes a welcome and introduction...
7 months ago
Spain Implements Mandatory Verifactu Invoicing Software for Tax Compliance by 2025
Spanish resident taxpayers must use approved invoicing systems called verifiable invoicing systems or VERI FACTU systems The requirement is specified in the Royal Decree 1007/2003 of 5 October 2024 Businesses already...
7 months ago
Sweden Adopts Peppol BIS Standards for Enhanced E-Procurement Efficiency
Sweden’s public sector e-procurement initiative, SFTI, will adopt Peppol BIS standards by July 1, 2025 This move will replace the older EDIFACT-based SFTI ESAP 6 standard for purchase orders Peppol BIS standards...
7 months ago
India Lowers E-Invoicing Threshold to ₹10 Lakh, Effective April 2025
India’s GST Council will lower the e-invoicing reporting threshold starting April 1, 2025 Businesses with an annual turnover over 10 lakh INR must submit invoices within 30 days of issuance Non-compliance will...
7 months ago
EU VAT Reform: Navigating E-Invoicing Compliance in the Digital Age
The European Commission has proposed significant VAT reforms affecting businesses in the EU single market The focus of these reforms is on when they will be implemented rather than if they will be implemented VAT in the...
7 months ago
Uruguay Sets December Deadline for VAT Payers to Adopt E-Invoicing
Uruguay Tax Agency sets December 31 as the deadline for VAT payers to join the e-invoicing regime Starting January 1, 2025, all VAT payers must switch to electronic invoicing upon registration, resuming activities, or...
7 months ago
Portugal Delays Qualified Digital Signature Mandate for E-Invoicing to 2026
Portugal delayed the requirement for a qualified digital signature on electronic invoices The original implementation date was set for 1 January 2025 The new deadline is now 1 January 2026 Until 31 December 2025, PDF...
7 months ago
UAE FTA Updates VAT Law, Introduces Mandatory e-Invoicing System
UAE FTA published Federal Decree-Law No. 16 of 2024 on September 30, 2024 The law establishes a legal framework for e-invoicing and amends the VAT Law E-invoicing replaces paper-based invoicing with electronic processes...
7 months ago
Estonia Plans Mandatory E-Invoicing for VAT Business Transactions by 2027
Estonia’s finance ministry plans to require electronic invoicing for all business-to-business transactions that are subject to value-added tax This initiative is part of a legislative proposal aimed at enhancing...
7 months ago
