July 2024 KSeF e-invoicing launch – Ministry of Finance to provide non-resident guidance Source vatcalc See also Worldwide Upcoming E-Invoicing mandates, implementations and changes – Chronological Join the Linkedin...
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New FA(2) schema – differences compared to FA(1)
The Ministry of Finance introduced a new logical structure for electronic invoices FA(2) valid from September 1, 2023, replacing the previous FA(1). The changes aim to address imperfections in FA(1) and simplify the use...
8 months ago
Receipt of an invoice in KSeF – what should you pay attention to?
The article discusses the receipt of invoices in the KSeF from the perspective of the buyer. It explains that a structured invoice is considered received on the date of assignment of an identification number in the...
8 months ago
KSeF and an invoice issued in a foreign currency
The mandatory KSeF will not eliminate the possibility of issuing invoices in foreign currencies, but it will impact tax aspects related to invoicing. The general rule for converting foreign currencies on invoices will...
8 months ago
E-Invoicing leading website from the European Commission … but not fully up-to-date …
Electronic invoicing, commonly known as eInvoicing, has become a pivotal component in modernizing business transactions. The European Commission, at the forefront of digital innovation, provides valuable insights on...
8 months ago
Notification: Electronic Transmission of Sales Tax Invoices for Fast-Moving Consumer Goods
The Federal Board of Revenue has issued a notification regarding the transmission of sales tax invoices electronically. The notification applies to registered persons who are importers, manufacturers, wholesalers...
8 months ago
Belgium Proposes Mandatory B2B E-Invoicing Law Effective from 2026
Belgian government submitted a draft law for e-invoicing obligation to parliament Law would require exchange of structured electronic invoices between taxpayers from 1 January 2026 Government must apply for derogation...
8 months ago
Serbia Adopts Amendments to Rulebook on E-Invoicing
Amendments to the rulebook on electronic invoicing in Serbia have been adopted by the Ministry of Finance. The amendments came into effect on 1 January 2024. The deadline for electronic recording of value added tax...
8 months ago
Israeli B2B E-Invoicing Update: New Regulations and Implementation Timeline
Israeli Internal Revenue Service mandates use of certified representatives for approved sales invoice numbering Transition to controlled invoice numbering system is voluntary since January 2024 Phased mandatory...
8 months ago
Changes in JPK after the implementation of KSeF – what else do taxpayers need to prepare for?
The regulation aims to adapt the current law to the legal state that will be in force from July 1, 2024, after the implementation of the mandatory National e-Invoice System (KSeF). Changes will affect both structured...
8 months ago
VAT-exempt Taxpayer and the Mandatory Implementation of KSeF in 2024
The text discusses whether a taxpayer exempt from VAT must implement KSeF in 2024. It explains who qualifies as a taxpayer exempt from VAT, including those exempt due to turnover or those who only engage in VAT-exempt...
8 months ago
Launch of New Electronic System for Testing Customs Status of Union Goods – POUS
The new electronic system for testing the customs status of Union goods (POUS system) will be launched on January 16, 2024. The first phase of the system aims to develop functionalities for issuing proof of customs...
8 months ago
Belgium’s Proposal for Mandatory B2B E-Invoicing: Overview and Changes Compared to Previous Plans
The Belgian government has submitted a proposal to make electronic invoicing mandatory for B2B transactions. The motivation behind this proposal is to address the VAT gap and achieve cost savings for businesses. The...
8 months ago
Using Online Data for Auditing: The Greek Tax Administration’s New Approach to Business Inspections
The Greek tax administration plans to conduct audits of businesses based on average turnover per sector and data reported on the myDATA electronic platform. Companies that deviate significantly from the sector average...
8 months ago
New Timetable for French E-Invoicing Mandate: Registration and Obligations Explained
The French e-invoicing mandate has a new timetable set out in Article 91 of the French Finance Act no. 2023-1322 for 2024. Companies need to define their size by assessing it from January 1, 2025, based on the last...
8 months ago
New KSeF functionality: what you need to know about hiding invoices?
The new functionality in the KSeF system allows for hiding invoices, which can be helpful in cases of uncertainty regarding tax settlements. This functionality allows for separating uncertain invoices from the rest...
8 months ago
Confederation of European Business: National VAT Reporting Rules Impede EU Harmonization
National VAT reporting systems are hindering efforts to harmonize VAT reporting in the EU by 2028 The Confederation of European Business expressed concern over the impact of these systems Harmonizing VAT reporting is a...
8 months ago
e-Invoicing FAQs (Frequently Asked Questions)
Introduction to e-Invoicing Implementation & Applicability Technical Aspects Registration Process Cancellation & Modifications Specific Scenarios E-Way Bill & Related Queries Business Benefits Source Tally...
8 months ago
E-invoicing within the federal administration FAQ
You can find answers to your questions about e-invoicing here. An e-invoice transmits invoice data electronically and can be received and processed in an automated manner. The process is fully digitised, from the...
8 months ago
Authorities published industry specific frequently asked questions
The Inland Revenue Board of Malaysia has released industry-specific Frequently Asked Questions (FAQs) on their official website. These FAQs provide detailed information tailored to specific industries, offering valuable...
8 months ago
Belgium To Make B2B Electronic Invoice Mandatory: planned for 2026
Belgium has submitted a proposal for a mandatory B2B e-invoicing mandate to the parliament. The proposal requires the use of structured electronic invoices via the Peppol network and standard for Belgian businesses from...
8 months ago
The DGI extends the deadline to enter the electronic invoicing regime for VAT taxpayers
The General Directorate of Taxes of Uruguay, by means of Resolution 2548/2023, establishes 12/31/2024 as the deadline for implementing the electronic invoice in the groups of taxpayers included in Resolution No...
8 months ago
Zambia Implements 2024 Budget Tax Changes
An increase in the period in which a business can claim a refund on VAT incurred on eligible goods before the commencement of commercial operations to 7 years from the current 4 years for hydroelectricity generation;...
8 months ago
US e-invoicing exchange network
Business Payments Coalition launch DBNAlliance as common e-invoice network exchange option Source vatcalc See also Worldwide Upcoming E-Invoicing mandates, implementations and changes – Chronological Join the Linkedin...
8 months ago
The rise of e-invoicing: 10 countries set to introduce new requirements in 2024
E-invoicing, also known as electronic invoicing, is the exchange of digital documents between suppliers and buyers. E-invoices are issued, transmitted, and received in a structured data format, enabling automatic and...
8 months ago
Latvia: e-Invoicing Journey
Latvia plans to introduce mandatory e-invoicing by 2025, following the PEPPOL standard for consistent and secure document management. From April 2020, government transactions related to public procurement must adhere to...
8 months ago
Israel steams towards introducing an e-invoicing and reporting mandate in 2024
Israel plans to implement an e-invoicing system, joining other countries in modernizing tax compliance. The implementation timeline starts in April 2024 for invoices over 25,000 NIS, with subsequent stages lowering the...
8 months ago
Navigating Malaysia’s E-Invoicing Mandate with Key Dates, Requirements, and Tech Insights!
The e-invoicing revolution is coming soon, with mandatory implementation for taxpayers earning over RM100 million annually by August 1, 2024. The rollout will occur in stages, aiming for full compliance by July 1, 2025...
8 months ago
