There are different local regulations affecting IT aspects of Spanish VAT. The Immediate Information Supply (SII) requires qualifying taxpayers to electronically file VAT data in real-time. Obligatory e-invoicing...
All Technology Posts
E-invoicing in Italy to be Mandatory for All Taxpayers from January 1, 2024
E-invoicing in Italy will be mandatory for all taxpayers starting January 1, 2024 The obligation applies to microbusinesses as well Taxpayers will be required to send invoices via the SDI system The aim is to streamline...
9 months ago
The Impact of KSeF as a Tool for Tax Authorities: Challenges and Implications for Taxpayers
On July 1, 2024, regulations for the mandatory National e-Invoicing System (KSeF) will go into effect. Taxpayers face the challenge of implementing KSeF and selecting IT tools that integrate with the system provided by...
9 months ago
Managing permissions in KSeF can be a challenging journey
Taxpayers must overcome technical difficulties related to authentication in the KSeF system They must also choose the right person responsible for the system Trust in this person is crucial Taxpayers must have the...
9 months ago
Non-resident companies operating in Spain vs SII vs Obligatory E-invoicing vs Statutory requirements of invoicing systems
Spanish IT regulations affecting VAT encompass several aspects, including Immediate Information Supply (SII), Obligatory E-invoicing, and statutory requirements of invoicing systems. SII requires qualifying taxpayers to...
9 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...
9 months ago
The Status of the ViDA Proposal: Progress and Challenges in VAT in the Digital Age
The European Commission’s VAT in the Digital Age (ViDA) proposal has not yet reached an agreement after one year. The proposal includes a single VAT registration for businesses across the EU, VAT rules for the...
9 months ago
Accountants want to postpone the implementation deadline of KSeF
Some entrepreneurs and experts are concerned that the National e-Invoice System (KSeF) will not function properly by July 1, 2024. Organizations will be requesting the new Minister of Finance to postpone the...
9 months ago
Resolution of GST Portal glitch: ITC now auto-populated in GSTR-3B
GST return filers were facing a technical issue with Form GSTR-3B The data related to Input Tax Credit (ITC) was not auto-populating in the form Form GSTR-2B for November was not auto-populating in Form GSTR-3B The...
9 months ago
Obtaining VAT-inclusive cloud invoices for prize redemption when buying electronic services from offshore suppliers
Domestic individuals buying electronic services from offshore electronic service suppliers should obtain cloud invoices with VAT-inclusive prices for prize redemption. The National Taxation Bureau of Taipei stated that...
9 months ago
Sales Tax Registered Persons Required to E-File Returns for Tax Year 2024
Sales tax registered persons required to e-file returns during tax year 2024 Federal Board of Revenue (FBR) in Pakistan mandates electronic filing (e-filing) to modernize tax administration Directive outlined in updated...
9 months ago
Guide on the use of the national electronic invoicing system RO e-Invoice (English translation)
Romania has issued new guidance for taxpayers on implementing the latest e-invoicing and e-reporting requirements. Unofficial translation Table of Contents INTRODUCTION I. GENERAL INFORMATION Relationships used in the...
9 months ago
Deadline Extension for Mandatory Inclusion in Electronic Fiscal Receipts Regime (CFE) for VAT Taxpayers
The deadline for the mandatory incorporation of Value Added Tax (VAT) taxpayers into the electronic fiscal receipt regime has been extended until January 1, 2025. Taxpayers included in Resolution No. 2389/2023 of...
9 months ago
New E-Invoicing Requirement: Taxpayers with AATO of Rs.5 Crore and Above Must Include at Least 6 Digit HSN in Invoices from Dec 15
From December 15, 2023, taxpayers with an Aggregate Annual Turnover (AATO) of Rs.5 crore or more must include at least 6 digits of the HSN code in their e-invoices. E-invoicing under GST is a system for authenticating...
9 months ago
VATupdate once again recognized by the Global Tax Technology Community
Tax Technology Cheat Sheet December 2023 📣 Final Edition of 2023: A Milestone in Tax Tech Insight! 📣 We are excited to present the December release of our Tax Technology Cheat Sheet, which encapsulates a...
9 months ago
Amendments to Romania’s B2B e-invoicing mandate introduce new requirements and penalties
A draft amendment has been published in Romania regarding the B2B e-invoicing mandate. The amendment introduces a new requirement to report invoices within 5 calendar days for transactions subject to e-invoicing from...
9 months ago
KRA Sets Jan 1st 2024 Deadline for Businesses to Generate Electronic Invoices via eTIMS
KRA has set a deadline of January 1st, 2024 for businesses to generate electronic invoices. All taxpayers doing business are required to onboard eTIMS. eTIMS is a software solution that provides convenience for...
9 months ago
New Guidance on the Use of Artificial Intelligence in Courts and Tribunals
New guidance published by the Courts and Tribunals Judiciary on the use of Artificial Intelligence (AI) in the courts and tribunals system AI’s relevance to the courts and tribunals is increasing The guidance...
9 months ago
Postponement of the implementation of the modernization of the VAT chain
The implementation of the law on modernization of the VAT chain and collection of fiscal and non-fiscal debts within the FOD Financiën is being postponed until January 1, 2025. The delay is confirmed in the explanatory...
9 months ago
Progress report on VAT in the Digital Age package: Council’s findings and recommendations
The EU Council published a progress report on VAT in the Digital Age (ViDA) The Digital Reporting Requirements (DRR) proposal needs further work to reconcile positions The draft compromise text discussed during the...
9 months ago
4 types of APIs and what makes each one unique
There are several types of APIs with different scopes, benefits, and intended audiences. They can be categorized by audience as Public APIs, Partner APIs, Internal APIs, and Composite APIs. Public APIs are open to...
9 months ago
Embracing Digital Change: Understanding Spain’s New e-Invoicing Regulations
Spain is introducing new regulations on B2B e-Invoicing, effective from 2023, to modernize how businesses handle invoicing and tax reporting. The regulations will be implemented in stages, starting with large taxpayers...
9 months ago
Estonia is likely to adopt countrywide e-invoicing after 2025
The Ministry of Finance of Estonia has proposed amendments to the Accounting Act to introduce e-invoicing in business transactions, allowing buyers to demand e-invoices compliant with EN 16931 format from their...
9 months ago
Ensuring Integrity and Compliance: An Overview of Spain’s New Draft Law for Computerized Billing Systems
The Spanish government has introduced a Royal Decree concerning invoicing and computerized billing requirements. Computerized billing systems must meet specified regulations, including ensuring the integrity...
9 months ago
France e-invoicing Sept 2026 – early 2025 ruled out
Sept 2026 launch e-invoicing & e-reporting following National Assembly budget amendment Source vatcalc See also Worldwide Upcoming E-Invoicing mandates, implementations and changes – Chronological Join the Linkedin...
9 months ago
China Adds Tibet to Pilot Program for Fully Digitalized Electronic Invoices
The Pilot Program for e-Invoicing in China has been expanded to new provinces and cities. The province of Tibet has been added to the Pilot Program. The Pilot Program has expanded nationwide from December 1, 2023...
9 months ago
Demystifying Spain’s New e-Invoicing Regulations: A Guide to Embracing Digital Change
Spain is implementing new regulations on B2B e-Invoicing, aiming to revolutionize how businesses handle invoicing and tax reporting. The regulations will be effective from 2023, with large taxpayers being the first to...
9 months ago
Belgium Approves Draft Law for Mandatory B2B E-Invoicing, Implementation Set for 2026
The Council of Ministers in Belgium approved a draft law regarding mandatory B2B structured electronic invoicing The legislative process is moving forward with a go-live date of January 1, 2026 The preliminary draft law...
9 months ago
