ECOFIN Meeting and Agreement on ViDA Proposal: On 5 November 2024, the Economic and Financial Affairs Council (ECOFIN) held its first meeting under the Hungarian presidency and reached an agreement on the VAT in the...
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Dominican Republic announces new implementing regulations for the e-invoicing system
New e-CF Status: The status “Anulado” (Annulled) has been added for Electronic Tax Receipts (e-CF) under Decree 587-24. Extension for New RNC Registrants: Taxpayers newly registered in the National Registry...
8 months ago
EU Council reaches agreement on VAT in digital age legislation, welcomed by DStV.
The EU Council has reached an agreement on the legislation package for value-added tax in the digital age The agreement allows for the introduction of legal changes within negotiated deadlines The DStV welcomes the...
8 months ago
ViDA: Digitalizing VAT in the EU for Improved Competitiveness and Fairness
EU Council reached agreement on “VAT in the Digital Age” legislative package Package consists of five articles with significant impact Member States can introduce mandatory e-invoicing Supply chain fiction...
8 months ago
KSeF Amendment: Phased E-Invoicing Implementation and Offline Mode Until 2026
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...
8 months ago
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...
8 months ago
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...
8 months ago
National e-Invoicing System (KSeF): Updates on Legal and Business Solutions for Seamless Rollout
Phased Implementation Timeline: Poland’s Ministry of Finance has introduced a phased rollout for mandatory e-Invoicing through the National e-Invoicing System (KSeF), starting February 1, 2026, for large...
8 months ago
Proposed Legal Solutions for Mandatory Implementation of Poland’s National e-Invoicing System
Poland’s Ministry of Finance is finalizing consultations on the mandatory implementation of the National e-Invoicing System (KSeF) The system was originally set to be mandatory by July 1, 2024, but has been...
8 months ago
Latvia’s Mandatory e-Invoicing: Driving Efficiency and Compliance in Financial Transactions
Latvia has enacted a new e-Invoicing mandate for both public and private sector transactions The legislation mandates the use of structured e-Invoices for B2G transactions starting January 1, 2025 and for B2B...
8 months ago
France’s DGFIP mandates use of Partner Dematerialization Platform for B2B e-Invoicing.
France’s fiscal and tax authority announced that the Public Invoicing Portal will no longer handle direct exchanges of invoices Businesses engaged in B2B invoicing must now use a registered Partner...
8 months ago
Harmonization of e-invoices from 2035. What awaits Polish and European entrepreneurs?
European finance ministers have reached an agreement to introduce a unified e-invoicing standard in the EU from July 2030 Poland is preparing to implement its own e-invoicing system, with a transition period until 2034...
8 months ago
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)...
8 months ago
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...
8 months ago
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...
8 months ago
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...
8 months ago
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...
8 months ago
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...
8 months ago
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...
8 months ago
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...
8 months ago
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...
8 months ago
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...
8 months ago
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...
8 months ago
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...
8 months ago
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...
8 months ago
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...
8 months ago
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...
8 months ago
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...
8 months ago
