The Federal Board of Revenue (FBR) has formed a committee to evaluate applications for the integration of registered persons. The committee is chaired by Mr. Afaq Ahmed Qureshi and includes members with expertise in...
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Romania Tax Agency Releases Guide on Mandatory Electronic Invoicing System for Taxpayers
The Romanian National Agency for Fiscal Administration has published a guide on the mandatory use of a national electronic invoicing system for VAT purposes. The implementation of the system will be done in two stages...
9 months ago
New Rules for Data Transmission to the myDATA Platform in Greece
Greece’s Independent Authority of Public Revenue issued Decision No. 1170-2023 regarding data transmission on the myDATA platform. Greece’s Ministry of Finance published Law 5073/2023, which includes...
9 months ago
Tax Authority Extends Deadline for Taxpayers Electronic Invoicing System
Source: IBFD (subscription needed)
9 months ago
New draft legislation – Amendments on RO e-Invoicing
Simplified invoices excluded from reporting; Amendments to the applicable fines (15% x total invoice value for the supplier / beneficiary); After July 2024, RO residents will have 5 calendar days to comply as of invoice...
9 months ago
Embracing Digital Evolution: WCO Unveils Study on the Digitalization of the Certificate of Origin
The World Customs Organization (WCO) has published a comprehensive study detailing the digitalization of the Certificate of Origin (CO). This Study focuses on the practices of WCO Members in origin certification...
9 months ago
Vertex, Inc. Announces Offer to Acquire E-Invoicing Leader Pagero
Vertex, Inc. (NASDAQ: VERX) has commenced a public tender offer for 100% of the shares of Pagero Group AB (publ) at a price of 36 SEK in cash per share, equivalent to a total tender value of approximately $555 million...
9 months ago
Understanding the Differences: Tax Compliant Invoicing vs E-Invoicing
Tax compliant invoicing and e-invoicing are often used interchangeably but have distinct purposes. Both methods improve accuracy and efficiency in financial processes. Tax compliant invoicing adheres to tax regulations...
9 months ago
Updates on PDF Invoices and Reporting Measures in Portugal’s State Budget Law for 2024
Invoices issued in PDF format will continue to be considered valid electronic invoices until 31 December 2024. Taxable persons are relieved of the obligation to notify the tax authorities of inventory valuation for...
9 months ago
What is the purpose of the ZAW-FA form and when and how should it be submitted?
The ZAW-FA form is used for granting specific permissions to individuals for KSeF or for reporting unique qualified electronic signatures. Submitting the ZAW-FA form is not mandatory for taxpayers, as they have access...
9 months ago
German B2B e-invoicing failure to reach 2023 agreement
Political negotiations on hold until 2024 for B2B e-invoicing rollout by Jan 2027 Source vatcalc See also Worldwide Upcoming E-Invoicing mandates, implementations and changes – Chronological Join the Linkedin Group on...
9 months ago
Senate approved B2B e-invoicing for large enterprises per July 1, 2025
Approved by the Senate on Dec 12, 2023 (more news to come) Timeline approved by the Senate July 2025: :Large enterprises September 2026: Medium enterprises Spetember 2027: Small enterprises Source French Senate See...
9 months ago
E-Invoicing Developing Rapidly in Asia Pacific
160 experts from 25 countries attended the APAC edition of the E-Invoicing Exchange Summit in Singapore from December 4 to 6, 2023. The pre-conference workshop, conducted by OpenPeppol, had almost 100 participants...
9 months ago
E-Invoicing Validation of GTIN codes in Group III
The NF-e portal released version 1.30 of NT 2021.003 on December 5, 2023, which requires brand owners to report and validate Global Trade Item Numbers (GTINs) through the GTIN Centralized Cadastre (CCG) during the...
9 months ago
Poland’s QR Code e-Invoice Application Set to Begin in July 2024: Details from the New Draft
Poland is introducing a new e-invoice requirement from July 2024, which includes the addition of QR codes to invoices. The second draft of the regulations clarifies the implementation of QR codes, as well as mechanisms...
9 months ago
Guidance Issued for Data Transmission Process and E-Invoicing on myDATA Platform
Greece’s Independent Authority of Public Revenue (IAPR) issued Decision 1170/01.11.2023, providing clarifications on the data transmission process to the myDATA platform. Greece’s Ministry of Finance...
9 months ago
Postponed E-Invoicing and E-Reporting in France: New Implementation Schedule and Obligation Details
E-invoicing and e-reporting obligation in France has been delayed to July 2025 The new schedule is still under discussion and awaiting final approval The postponement allows businesses to align their processes and...
9 months ago
Germany’s B2B electronic invoicing developments
On the 17th of November 2023, the Growth Opportunities Act (Wachstumschancengesetz), including the compulsory B2B e-invoicing regulation, was approved by the German Bundestag. The act contained a large number of...
9 months ago
Romania Releases E-Invoicing Guideline: Key Updates for Taxpayers
Romania has issued new guidance for taxpayers on implementing the latest e-invoicing and e-reporting requirements. Source Fonoa Click on the logo to visit the website See also Worldwide Upcoming E-Invoicing mandates...
9 months ago
AI’s Role in Detecting GST Evasion Sparks Debate on Human vs Machine Decision-Making
AI has been used to detect GST mismatches and has identified Rs 30,000 crore worth of mismatches in the previous financial year. Central tax officers have sent around 33,000 GST notices to businesses for discrepancies...
9 months ago
FBR Extends Electronic Invoicing Requirement to FMCGs for Transparent Taxation System
The Federal Board of Revenue (FBR) has extended the requirement for electronic sales tax invoicing to the sale of fast moving consumer goods (FMCGs). This is part of the FBR’s efforts to streamline tax procedures...
9 months ago
The Role of Technology in CPG Innovation: Trends, Strategies, and Tax Compliance
CPG manufacturers are delivering a wider variety of services to customers Customers prefer online purchases with minimal assistance from sales staff Cloud-based solutions are becoming the new standard for efficiency and...
9 months ago
Update of API and Taxpayer Application in the National e-Invoice System Test Environment
Planned update of the API of the National e-Invoice System and the Taxpayer Application KSeF on the test environment The update includes adding a service for verifying and downloading invoices by KSeF number and...
9 months ago
Navigating the Complexities of E-Invoicing and CTCs: Strategies for Compliance and Success
E-invoicing compliance for multinational companies is complicated by the lack of widely accepted international standards. Each country has its own version of e-invoicing with specific rules and requirements. Complying...
9 months ago
Disruption in the Operation of eDavki System, 12. 12. 2023
System eDavki is experiencing disruptions in its operation The disruptions are affecting the submission of forms DDV, DDPO, DDD, eVročanje-POS, and access to eKartice The technical issues are currently being resolved...
9 months ago
Understanding and Influencing the Import Worklist Table (/ECRS/WLEN) for Intrastat Declaration in S/4HANA
The purpose is to get the list of entries in the import worklist table of the Intrastat declaration in S/4HANA International Trade. Users can only change entries in the worklist table and not in the actual declaration...
9 months ago
Abolition of mandatory registration for B2C electronic invoices in the fiscal drawer
Final consumers will no longer be required to subscribe in advance to the consultation and acquisition service for electronic invoices. Electronic invoices issued to final consumers can now be consulted without prior...
9 months ago
VAT Technology Solutions: Key Requirements for Global Enterprises in the Digital Age
VAT technology solutions are important for global enterprises to gain control of their VAT reporting process. The key challenges that an automated VAT solution needs to solve include data integrity problems caused by...
9 months ago
