Reputational risk refers to threats that can damage a company’s image with stakeholders, and its assessment is crucial in today’s interconnected world where information spreads rapidly through media and...
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Benefits of Adopting InvoiceNow Solutions for Your Business
Streamlined Processes and Efficiency: InvoiceNow enables direct electronic transmission of invoices, integrating seamlessly with finance systems to automate sending, receiving, and data entry tasks. This automation...
8 months ago
Japan Aligns with Peppol Standards: Updated Specifications for Cross-Border Invoicing
Alignment with Peppol Standards: Japan updated its invoicing standards on June 1, 2024, to align with Peppol PINT BIS Billing version 1.0.2, introducing revised templates, clearer guidelines, and jurisdiction-specific...
8 months ago
Saudi Arabia announces 18th wave of Phase 2 e-invoicing integration
Saudi Arabia’s Zakat, Tax and Customs Authority has announced the criteria for taxpayers to be included in the 18th wave of Phase 2 e-invoicing integration. Taxpayers resident in Saudi Arabia, with a taxable...
8 months ago
Saudi Arabia Announces 18th Wave of Phase 2 E-Invoicing for VAT Taxpayers
Saudi Arabian Tax and Customs Authority announced the 18th wave of Phase 2 of the e-invoicing initiative This wave targets taxpayers with a minimum revenue of SAR 2 million from 2022 or 2023 who were also subject to VAT...
8 months ago
Romania Extends e-Invoicing from B2B to B2C Starting January 2025
Starting January 2025, eFactura B2B e-invoicing regime will be extended to B2C The Romanian Ministry of Finance has confirmed this in a draft Emergency Ordinance New requirements will be implemented from 1 January 2025...
8 months ago
Poland Implements Mandatory E-Invoicing System KSeF by 2026
Poland is advancing its tax system by implementing the National e-Invoicing System known as KSeF The mandatory adoption date for KSeF has been moved to February 1, 2026, for large taxpayers and April 1, 2026, for other...
8 months ago
Uruguay Sets Dec. 31 Deadline for VAT Payers to Adopt E-Invoicing System
The Uruguayan General Directorate of Taxation announced a Dec. 31 deadline for VAT payers to adopt the e-invoicing system Starting Jan. 1, 2025, all VAT payers must use electronic invoicing upon registration, resuming...
8 months ago
Russia Continues Zero VAT Rate for Hotel Services
The Uruguayan General Directorate of Taxation announced a Dec. 31 deadline for VAT payers to adopt the e-invoicing system Starting Jan. 1, 2025, all VAT payers must use electronic invoicing upon registration, resuming...
8 months ago
Romania’s E-Invoicing Reform: Simplified Invoices and Updated B2C Privacy Rules
Romania is introducing significant changes to its e-invoicing system, aiming to enhance tax compliance and expand the data available to tax authorities. Key changes include: Simplified Invoices: Invoices below €100...
8 months ago
Worldwide updates on E-Invoicing/Real Time Reporting/SAF-T in November 2024
The Overviews Worldwide Upcoming E-Invoicing mandates, implementations and changes – Chronological Timeline of B2B E-Invoicing & E-Reporting mandates in the European Union E-Invoicing heatmap for Europe Europe...
8 months ago
ecosio Webinar: E-invoicing in Singapore (Dec 6)
Register HERE Friday, 6. December 2024 – 10:00 AM – 10:30 AM GMT What we’ll cover In recent years, Singapore has embraced e-invoicing as part of its digital transformation strategy. With the launch of...
8 months ago
Germany’s Mandatory e-Invoicing: Compliance Dates and Guidelines for 2025 Rollout
The Growth Opportunities Act mandates e-invoicing for B2B transactions in Germany starting January 1, 2025 Businesses must use structured, machine-readable electronic invoices that comply with European Standard EN 16931...
8 months ago
Greenland Sets Mandatory e-Invoicing for Public Sector by March 2025
Mandatory E-Invoicing Implementation: Starting March 1, 2025, Greenland will require all legal and natural persons providing goods and services to public authorities to issue e-invoices, aligning with Denmark’s...
8 months ago
Boost Your Business: Embrace InvoiceNow for Enhanced Efficiency and Cost Savings
Benefits of adopting InvoiceNow for businesses include increased efficiency, reduced costs, and improved cash flow InvoiceNow allows direct electronic transmission of invoices, integrating seamlessly with financial...
8 months ago
ZATCA Sets Criteria for 18th Wave of E-Invoicing Integration
Zakat, Tax and Customs Authority has issued a circular on criteria for selecting taxpayers for the 18th wave of e-invoicing integration Taxpayers with taxable revenues over SAR 2 million in 2022 or 2023 qualify for the...
8 months ago
Chile E-invoicing & Digital Reporting Guide
Mandatory E-Invoicing: E-invoicing is mandatory for B2B, B2G, and B2C transactions in Chile, covering all taxpayers except those under simplified registration regimes or in areas lacking mobile/data connectivity...
8 months ago
Comarch Webinar: Global E-Invoicing Mandates – Trends, Strategies & Key Deadlines (Dec 3)
Register HERE When: Tuesday, December 3rd 2024 – 9:00 AM (CET) Discover key strategies to successfully implement e-invoicing in your company! In response to the increasing global trend toward digitalization, many...
8 months ago
The Role of Accredited Service Providers in E-Invoicing
Role of Accredited Service Providers (ASPs): ASPs are authorized organizations that facilitate e-invoicing solutions, providing secure and compliant platforms for generating, validating, and submitting electronic...
8 months ago
China to Enable Nationwide Voluntary E-Invoicing Starting December 2024
China’s State Taxation Administration will allow voluntary use of digital electronic invoices nationwide starting December 1, 2024 Digital invoices will be legally equivalent to paper invoices Categories of...
8 months ago
Hungary Mandates E-Invoicing for Energy Trades Starting 2025
Hungary is introducing mandatory electronic invoicing for electricity and gas trading supplies starting January 1, 2025. The new regulation (Government Decree no. 273/2007) applies to business-to-business transactions...
8 months ago
E-Invoicing & E-Reporting developments in the news in week 48/2024
Click HERE for the PODCAST version discussing ”E-Invoicing & E-Reporting developments in the news in week 48/2024” Follow the latest updates on E-Invoicing and Real Time Reporting on www.vatupdate.com and...
8 months ago
GSTN issued releases important e-invoice glossary and a step-by-step guide
Introduction of E-Invoice Glossary: The GSTN has released Advisory No. 461 on November 29, 2024, which includes an e-invoice glossary and a comprehensive step-by-step guide to aid taxpayers in understanding and...
8 months ago
Denmark announces upcoming changes to its e-invoicing format
Announcement of OIOUBL 3: Denmark has announced a new version of its e-invoicing format, OIOUBL 3, with a release candidate presented by Nemhandel on November 21, 2024, which includes mandatory invoice message responses...
8 months ago
National rollout of fully digitalized e-fapiao set on 1 December 2024
Nationwide Rollout of e-Fapiao: The State Taxation Administration STA) in China will implement fully digitalized e-fapiao invoices across the country starting December 1, 2024, allowing all taxpayers to issue e-fapiao...
8 months ago
RTC Webinar Recap: Beyond Compliance – A Complete Approach to e-Invoicing and e-Reporting
Webinar of November 27, 2024 Recording Slide deck Expert Panel Insights: The session featured a panel of experts, including Reinhard Pumpler from MSG, Ahu Ocak Caglayan, and Ridvan Yigit from RTC, who shared valuable...
8 months ago
Japan Aligns with Peppol Standards: Updated Specifications for Cross-Border Invoicing
Updated Invoicing Standards: Japan announced updates to its invoicing standards on June 1, 2024, aligning with Peppol PINT BIS Billing version 1.0.2, which includes revised templates, clearer guidelines, and...
8 months ago
Viva la ViDA! What does VAT in the Digital Age mean for business and Member States? (Maria Elena Scoppio)
ViDA Overview: VAT in the Digital Age (ViDA) is a significant reform package proposed by the European Commission to modernize the EU’s VAT systems, aiming to streamline processes, reduce administrative burdens...
8 months ago
