Pakistan’s Federal Board of Revenue has introduced new invoicing obligations for importers, manufacturers, and wholesalers of fast-moving consumer goods. These taxpayers are now required to issue real-time...
All Technology Posts
Electronic Tax Invoicing Requirements for Non-VAT Registered Persons in Kenya
All persons carrying on business, including those not registered for VAT, must electronically generate and transmit their invoices to KRA via eTIMS from September 1, 2023. Starting from January 1, 2024, any business...
8 months ago
What is the timeline of the E-Invoicing mandate in Dominican Republic?
Timeline of the E-Invoicing mandate in Dominican Republic for Large National Taxpayers Wave 1: January 15, 2024 Wave 2: March 15, 2024 Wave 3: May 15, 2024 Other timelines: May 15, 2026: Small, micro and unclassified...
8 months ago
Webinar – Recording – Unlock LATAM – Outlook for 2024 and beyond
Watch the webinar
Download slides
8 months ago
Developments in the B2B electronic invoicing project
The “Bundesrat”, the representative body of the German Länder, approved the bill which includes electronic invoicing, postponing the start of the mandatory issuance of invoices until January 2027 for...
8 months ago
Technical regulations for B2B electronic invoicing in Spain
The Draft Royal Decree was published on June 20, 2023 to implement Law 18/2022 relating to the creation and growth of businesses. A public consultation and information period relating to B2B electronic invoicing has...
8 months ago
VAT in the Digital Age – update on progress
The EU proposed reforms to the VAT system, known as VAT in the Digital Age (VIDA), in December 2022. The reforms include real-time digital reporting for cross-border businesses, updated VAT rules for platform economy...
8 months ago
Romania Alters 2024 E-Invoicing Mandate
GEO no. 115/2023 Overview: Published on December 15, 2023, it addresses fiscal-budgetary measures in public expenditure, fiscal consolidation, combatting tax evasion, amending normative acts, and extending certain...
8 months ago
E-Invoicing Requirements in Italy (Easy Checklist)
Mandatory E-Invoicing: Since January 2019, Italian VAT-registered businesses must issue and receive invoices electronically via the Sistema di Interscambio (SdI) platform. Government Oversight: E-invoices are processed...
8 months ago
Top 10 Questions about France e-Reporting
The new e-Reporting system in France complements the e-Invoicing obligation and aims to optimize electronic invoicing to combat tax fraud. It requires businesses to transmit transaction and payment data to the tax...
8 months ago
Digital Transformation in Action: e-Invoicing in Estonia
Estonia is transitioning to e-Invoicing as part of its broader digital transformation. This Q&A guide explores e-Invoicing in Estonia, including requirements, benefits, and how businesses can prepare for the changes...
8 months ago
Digital Revolution in Finance: Exploring e-Invoicing in Romania
Romania has made progress in enhancing its e-Invoicing regulations, with changes bringing benefits for businesses and the government. E-Invoicing to public bodies (B2G) has been mandatory since July 1, 2022, and...
8 months ago
The Era of Digital Invoicing in Egypt: Rules, Formats, and Advantages
Discover Egypt’s mandatory e-Invoicing system with our comprehensive Q&A guide. Learn about the formats, rules, obligations, benefits, and procedures of e-Invoicing in Egypt. E-Invoicing is mandatory in Egypt for...
8 months ago
Paraguay e-invoice Marangatú SIFEN 2024 update
SIFEN e-invoicing regulations updated January 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
Nordic Smart Government and Business initiative on E-Invoicing
What is NSG&B? Answer: NSG&B (Nordic Smart Government and Business) is a Nordic collaboration program between 14 Nordic organisations, lead by the five Nordic Business Registries and with financial support from...
8 months ago
SNI Webinar – Recording – Revolutionizing E-Invoice Regulations in 2024: A Focus on Romania, Greece, Israel, and Malaysia
Watch it HERE On November 29, SNI organized a webinar on e-Invoice Regulations in 2024 with a focus on Romania, Greece, Israel, and Malaysia. Topics: SNI General Information & Executive Summary Most popular e...
8 months ago
One-time tickets exempt from the obligation of issuing structured invoices in KSeF
A draft regulation was introduced to define situations where taxpayers won’t need to issue structured invoices for certain services. The exemption includes toll road services, passenger transport of any distance, and...
8 months ago
E-Invoicing Technical Specifications vs. 1.8
Italian Tax authorities issued updated technical specifications related to version 1.8 of the Sistema di Interscambio (SdI), particularly focusing on electronic invoicing processes. Here are the key points: Effective...
8 months ago
Romania Releases User Guide for Mandatory B2B E-Invoicing Starting Next Month
Romanian Ministry of Finance releases user guidance manual for mandatory B2B e-invoicing Manual covers topics such as registration, access, invoicing app, generating XML invoices, downloading invoices, conversion to...
8 months ago
Ministry of Finance Working on Guidelines for Foreign Entrepreneurs Regarding KSeF
The Ministry of Finance is working on guidelines for foreign entrepreneurs regarding the KSeF system. The guidelines will help foreign entrepreneurs determine if they need to issue invoices through KSeF. The obligation...
8 months ago
Impact of New VAT on Software and Digital Service Providers in Sri Lanka
Sri Lanka’s VAT rate is set to increase to 18% next year Software and digital service providers will be affected by the VAT increase The government expects the VAT increase to generate significant revenue The...
8 months ago
SAP: Enabling Changes to Japan Consumption Tax Invoices in SAP Buying and Invoicing
Specifies whether tax breakdown is displayed on Invoice Summary page Specifies whether tax registration number is shown on invoices Default value is No Possible values are Yes and No When set to Yes, enables legal...
8 months ago
Sovos E-Book: The Role of IT in the Face of New Regulations and Mandates
As global regulations and mandates evolve at an increasingly fast pace, IT is now an important piece to the puzzle of meeting those standards. But what exactly does IT need to do? Why can tax no longer be an...
8 months ago
E-Invoicing Requirements in the United Arab Emirates: An In-Depth Guide
The UAE government aims to optimize invoicing processes and streamline financial transaction management by making e-invoicing mandatory. This initiative is similar to the Kingdom of Saudi Arabia’s framework. The...
8 months ago
E-Invoicing in Romania: Complete Guide
In Romania, the B2B e-invoicing mandate starts in January 2024. The transition includes two stages: e-reporting from January 1 to June 30, 2024, and e-invoicing from July 1, 2024. The e-invoicing procedure involves...
8 months ago
Spanish Certified Billing Obligation by 2025
Spain has introduced a new certified billing obligation, known as “Reglamento Veri*factu”. Taxpayers’ billing software must comply with specific requirements by July 2025. The regulation defines a...
8 months ago
E-Invoicing & E-Reporting developments in the news in week 50&51/2023
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 50/51 Belgium Approves Draft Law for Mandatory...
8 months ago
Temporary Access Difficulties in the Test Environment of the National e-Invoice System
Difficulties in accessing the test environment of the National e-Invoice System Maintenance work will be conducted on the test environment from January 15 to 21, 2024 Temporary access difficulties may occur during this...
8 months ago
