Ministry of Finance presented draft bill amending KSeF regulations Companies in Poland will switch to National e-Invoicing System (KSeF) in stages from 2026 Proposed taxpayer-friendly simplifications during first period...
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EU ViDA Package: Modernizing VAT System for Digital Economy and Preventing Tax Fraud
EU Member States have agreed on the “VAT in the Digital Age” (ViDA) package to modernize the VAT system Changes will impact businesses operating in the EU ViDA package aims to align VAT system with digital...
VAT in the Digital Age: New Rules for Electronic Invoicing and Reporting Requirements
Changes to VAT Directive include e-invoicing and digital reporting obligations Member States have more options for implementing e-invoicing and reporting obligations Mandatory e-invoicing for national transactions...
Spain requests early derogation for VAT collection on accommodation sharing platforms in ViDA minutes
Spain requested to include a statement in the ViDA minutes Spain desires to apply for an early derogation from the 1 July 2028 voluntary date The derogation would allow Spain to impose deemed supplier VAT collection...
ViDA Package: Platform Economy Pillar and VAT Rules for Small Businesses in October 2024
The platform economy pillar is part of the ViDA package and aims to address VAT rules for small businesses The pillar seeks to shift VAT liability to platforms and level the playing field between online and traditional...
Poland’s MoF Releases Draft Act and FA(3) Schema for Final KSeF Consultations
Polish Ministry of Finance (MoF) has initiated final consultation process for National e-Invoicing System (KSeF) Public comments being collected on new KSeF Draft Act and updated logical structures FA(3) and FA_RR(1)...
Transitioning to Mandatory E-Invoicing: France’s New Regulations for Electronic Invoicing Platforms
France is transitioning from using the public invoicing portal (PPF) to approved Partner Dematerialization Platforms (PDPs) for electronic invoicing Over 70 PDPs have been approved to provide secure and comprehensive...
New GST rule: No input tax credit without e-invoice upload within 30 days.
New rule introduced by GSTN disallows upload of e-invoices older than 30 days on IRP portal from April 1, 2025 Applies to taxpayers with AATO of Rs 10 crore and above E-invoice must be uploaded within 30 days to claim...
National e-Invoicing System from February 2026 – Taxpayer Facilitation Bill Introduced
From February 1, 2026, the National e-Invoice System will become mandatory for taxpayers with sales exceeding 200 million PLN in 2025 For other taxpayers, the mandatory National e-Invoice System will start from April 1...
Final Consultations on Mandatory National e-Invoice System (KSeF) Implementation: Key Business Solutions for Success
Final consultations on the National e-Invoice System (KSeF) are being conducted by the Ministry of Finance The consultations aim to gather feedback on legal and business solutions for the implementation of the mandatory...
Ecuadorian Tax Authority Updates Electronic Invoicing Regulations Amid Energy Crisis
Ecuadorian Tax Authority updates electronic invoicing regulations in response to energy crisis Taxpayers must transmit electronic invoices immediately or within four business days Temporary allowance for issuing pre...
Polish Ministry of Finance Consults on Mandatory National VAT E-Invoicing System Amendments
Polish Ministry of Finance opened consultation on Bill No. UD158 to amend provisions on mandatory national VAT e-invoicing system Bill includes measures such as setting implementation dates for e-invoicing based on...
Simplified VAT Registration for eCommerce: Practical Implications of Digital Age Reforms
Conflict between VAT law and practice due to global operations of businesses “VAT in the Digital Age” reform aims to reduce VAT registrations in other EU countries for online retailers New regulations...
EU Council Reaches Political Agreement on ViDA: New VAT Rules for Digital Platforms and E-invoicing
The EU council has finally reached a political agreement on ViDA at the 5th of November. The measures contained in the Vat in the Digital Age (ViDA) proposal introduce new rules for businesses supplying cross-border...
Dominican Republic announces new implementing regulations for the e-invoicing system
New e-CF Status: Decree 587-24 introduces a new status, “Anulado” (Annulled), for Electronic Tax Receipts (e-CF). Implementation Extensions: Taxpayers newly registered in the National Registry of Taxpayers (RNC) have...
EU details on VAT in the Digital Age (ViDA) package
Agreement on ViDA Package: The EU Member States unanimously agreed on the “VAT in the Digital Age” (ViDA) package on 5 November 2024, aiming to modernize and improve the VAT system to align with the digital...
Hungarian EU Presidency: Successes include compromise on VAT in digital age
Hungarian EU presidency achieved success with compromise on VAT in digital age Finance Minister Mihály Varga highlights two years of negotiations leading to compromise Package expected to be approved at Ecofin meeting...
EU’s VAT Reform: Enhancing Compliance and Combatting Fraud in the Digital Age
EU has modernized its VAT system with the “VAT in the Digital Age” initiative Measures include real-time digital reporting, enhanced platform responsibilities, and one-stop-shop mechanisms for VAT...
EU Adopts ViDA Initiative: Changes to VAT Rules in the Digital Age Explained
EU has reached agreement on VAT in the digital age (ViDA) proposal Measures to be adopted gradually from 2027 to 2035 ViDA initiative aims to ensure VAT compliance, prevent tax fraud, and elevate VAT regulations for the...
ViDA Package: Three-Pillar Agreement Reached at ECOFIN Council Meeting on 5 November 2024
EU Member States reached a political agreement on the ‘VAT in the Digital Age’ package (ViDA) at the ECOFIN Council meeting on 5 November 2024 ViDA package consists of three pillars: Digital Reporting...
ECOFIN Approves VAT in Digital Age Package: Key Changes and Implications for Businesses
EU Finance Ministers at ECOFIN approved the VAT in the Digital Age (ViDA) package on 5 November 2024 ViDA aims to streamline and harmonize EU’s VAT rules, reduce administrative burdens, and safeguard tax revenues...
ViDA Proposal: Political Agreement Reached to Modernize EU VAT System
Political agreement reached on proposal to change VAT rules significantly ViDA proposal will modernize the EU VAT system Introduces digital VAT reporting and new obligations for platforms Aims to minimize VAT fraud and...
Final Consultations on Mandatory National e-Invoice System (KSeF)
Implementation Timeline for KSeF: The Ministry of Finance has proposed the mandatory National e-Invoicing System (KSeF) for all taxpayers, starting from 1 February 2026 for large enterprises and from 1 April 2026 for...
EU Member States Achieve Consensus on ViDA Package: A Step Towards Modernizing VAT Systems
EU member states reached a political consensus on the ViDA package on 5 November 2024 The package aims to modernize VAT systems across the EU The proposal includes changes to VAT rules for the platform economy and e...
EU Member States Reach Unanimous Agreement on VAT in the Digital Age Proposal: Key Changes Ahead
On 5 November 2024, the 27 EU Member States reached unanimous political agreement on the VAT in the Digital Age (“ViDA”) proposal ViDA aims to modernize the EU’s VAT system with three pillars: E-invoicing and Digital...
Estonia Lifts Blocking Veto: ViDA Advances VAT Modernization in Digital Age
Estonia lifted its blocking veto for the ViDA initiative at the ECOFIN meeting on November 5th, 2024 The ViDA initiative aims to modernize the VAT system in the EU for the digital economy The update includes Digital...
New Zealand Government Expands Peppol E-Invoice Usage for Faster Settlement by 2026.
New Zealand government will expand the use of structured Peppol e-invoices by 2026 Businesses will be guaranteed faster settlement in invoices to encourage adoption of e-invoices Source: vatcalc.com Note that this post...
Latvia Implements Mandatory E-Invoicing to Enhance Transparency and Combat Tax Fraud
Latvian parliament approved amendments to Accounting Law for mandatory e-invoicing Implementation timeline: January 1, 2025: structured e-invoices in B2G transactions January 1, 2026: structured e-invoices in B2B...
