Serbia has implemented a national e-invoicing platform called eFaktura, with phased implementation: 🗓️ May 1, 2022: All suppliers to public administration transitioned to sending electronic invoices...
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Belgium’s B2B E-Invoicing Revolution by January 2026
Belgium is planning to make electronic invoicing mandatory for B2B transactions starting from January 1, 2026. The proposal includes a broader entry into force and the introduction of mandatory electronic reporting at a...
8 months ago
The Belgian government also intends to, officially, make B2B e-invoicing mandatory
The Belgian government has proposed a mandatory B2B e-invoicing scheme, following discussions and drafts throughout 2023. The official draft text has been published and is publicly available. The key drivers for this...
8 months ago
Updates in Italy: No Prior Subscription Required for B2C E-Invoices
The Senate-approved amendment in Italy eliminates the requirement for end consumers to subscribe in advance to the electronic invoice consultation and acquisition service. E-invoices issued to end consumers will now be...
8 months ago
New e-Way Bill Rules: e-Invoice Mandatory for B2B & B2E Transactions from March 1, 2024
Businesses with an annual turnover of over Rs.5 crore and involved in B2B and B2E transactions must generate e-way bills with e-invoice details. The new rule does not apply to B2C transactions and non-GST supplies. The...
8 months ago
Implementation of KSeF and Predictable Tax System: Priorities of the Ministry of Finance
Ministry of Finance’s priority is the implementation and development of the National e-Invoice System (KSeF) This will lead to tightening of VAT and increased state budget revenues Ministry of Finance plans to...
8 months ago
Update of Taxpayer KSeF Application on Test and Pre-production Environment (Demo)
Application Podatnika KSeF will be updated on the test environment and pre-production environment (Demo) The update will take place on January 8, 2024, from 14:00 to 16:00 The test environment will be updated to version...
8 months ago
Belgium Assumes EU Council Presidency, Focusing on VAT in the Digital Age
Belgium has taken over the rotating Presidency of the Council of the EU The Presidency will last for the next six months The Belgian Presidency aims to reach an agreement on the VAT in the Digital Age (ViDA) Package in...
8 months ago
Budget 2024 In Depth: Government Approves Implementation of Electronic Invoicing System
Source: IBFD (subscription needed)
8 months ago
E-waybill issuance without e-invoice details blocked
Starting from 1 March 2024, the National Informatics Centre (NIC) announced that e-waybill generation will not be allowed without e-invoice details. In India, taxpayers above a certain threshold must generate electronic...
8 months ago
Guide – Mandatory e-invoicing in Poland – KSeF
On July 1st 2024, e-invoicing and the use of KSeF will become mandatory for all businesses in Poland. For a seamless transition to e-invoicing and the integration with KSeF, it is worth preparing for the upcoming...
8 months ago
Advancements in Electronic Invoicing: Serbia’s Transition and Future Plans
The Serbian government implemented the national eFaktura platform for electronic invoice exchange in three phases: 1. From May 1, 2022, suppliers to public administration must send electronic invoices, and authorities...
8 months ago
India B2B e-invoicing update
B2B e-invoicing with e-way bill issuance March 2024 Source vatcalc See also Worldwide Upcoming E-Invoicing mandates, implementations and changes – Chronological Join the Linkedin Group on Global E-Invoicing/E...
8 months ago
5 Red Flags to Spot When Choosing an E-Invoicing Provider
Read the Case Study E-Invoicing is nothing new. It’s decades old. But that doesn’t mean we’re all experts at deciphering a “perfect” one from one that won’t quite tick all the boxes. If you are shopping for an e...
8 months ago
E-Invoicing Exchange Summit Middle East & Africa (Feb 13 & 14, 2024)
Register HERE E-Invoicing Exchange Summit in Dubai When and where February 13 and 14, 2024 in Dubai About The Middle East and Africa are facing a rapidly evolving landscape für E-Invoicing and VAT reporting, after a...
8 months ago
Kenya Implements Electronic Invoicing Rules to Boost Tax Compliance
Kenyan businesses must provide electronic tax invoices for all purchases starting January 1, 2024 Penalties will not be imposed for the first four months of temporary non-compliance The new rule aims to secure input tax...
8 months ago
Blocking E-way Bill Generation Without B2B E-invoice Details from March 1
E-way bill generation without B2B e-invoice details will be blocked from March 1 E-way bills are required for inter-state transportation of goods valued over Rs 50,000 Businesses with turnover above Rs 5 crore will not...
8 months ago
Government Considers AI and Data Analytics to Combat GST Evasion
The government is considering using AI and data analytics to combat GST evasion. They aim to prevent input tax credit fraud by using technology-driven risk profiling. Less than 30% of the ₹4 lakh crore of GST evasion...
8 months ago
The Role of Technology in Streamlining Ecommerce Sales Tax Compliance: Challenges, Solutions, and Consulting
Ecommerce businesses face challenges in sales tax compliance Specific challenges include navigating different tax rules in various locations, calculating accurate tax rates, managing exemptions, adapting to changing tax...
8 months ago
UAE Ministry of Finance Considers Peppol for E-Invoicing System Implementation
UAE likely to adopt Peppol as its e-invoicing system E-invoicing system to begin in July 2025 for selected taxpayers Open Peppol held an e-invoicing introductory session on behalf of UAE Ministry of Finance UAE could...
8 months ago
Romanian Authorities Publish User Guide for E-Invoicing in Preparation for New Requirements
Romanian authorities have published a guide for taxpayers regarding electronic invoicing requirements. The guide provides information on accessing and using the RO e-invoice system. It also includes instructions on...
8 months ago
Mandatory Integration of E-Waybill Generation with E-Invoice Details from March 1, 2024
E-Waybill generation will be linked to e-Invoice details from 1st March 2024. This integration is mandatory for B2B and B2E transactions for e-invoice-enabled taxpayers. Some taxpayers have been generating e-Waybills...
8 months ago
From July 2024, entering KSeF numbers in JPK_V7 will be optional
From July 2024, it will be possible to enter KSeF numbers in JPK_V7 along with invoice numbers. From January 2025, entering the KSeF number in sales records will be mandatory. The obligation to enter KSeF numbers in...
8 months ago
E-Invoicing & E-Reporting developments in the news in week 1/2024
Follow the latest updates on E-Invoicing and Real Time Reporting on www.vatupdate.com and the LinkedIn pages on E-Invoicing/Real Time Reporting and ViDA. Highlights of week 1/2024 Belgium issued the draft law on E...
8 months ago
10 essential facts on Spain’s B2B electronic invoicing law
Spain’s B2B electronic invoicing regulations are progressing rapidly, with the government’s initial announcement in September 2022 evolving into the current developments. Here are the key points to...
8 months ago
Spain publishes draft Ordinance regulating the framework of certified billing systems
The Spanish Ministry of Finance has published a draft Ordinance to regulate the technical and functional aspects of certified billing systems, following the establishment of mandatory use of these systems and VERI*FACTU...
8 months ago
Mexico: Deadline extension for Carta Porte supplement version 2.0
The tax authority, through the Miscellaneous Tax Resolution for 2024, in its transitory provisions, established that taxpayers obliged to issue CFDIs to which the Carta Porte supplement is incorporated, may continue to...
8 months ago
Poland: updates regarding changes to the JPK_VAT in relation to KSeF
The final version of the regulation amending the scope of data included in the JPK_VAT (VAT return) in Poland has been sent to the Minister of Finance for formal signature. The latest version no longer includes the...
8 months ago
