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...
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These are the requirements of the computer or electronic billing systems and programs
Royal Decree 1007/2023 regulates the requirements for billing systems and programs and standardizes billing record formats. It implements the provisions of General Tax Law 58/2003 and aims to ensure the integrity...
9 months ago
Mandatory B2B e-invoicing draft law passes the second hearing
The draft law to introduce obligatory B2B electronic invoicing as of 1 January 2026 has been approved by the Belgian Council of Ministers. Source Pagero See also Worldwide Upcoming E-Invoicing mandates, implementations...
9 months ago
India B2B e-invoicing; extension to B2C 2026
CBIC says existing B2B e-invoicing to be extended to B2C 2026 Source vatcalc See also Worldwide Upcoming E-Invoicing mandates, implementations and changes – Chronological Join the Linkedin Group on Global E-Invoicing/E...
9 months ago
EU Belgian Presidency commits to EU ViDA & customs reforms
Belgium assumes Presidency of Council of EU Jan 2024 committing to progress VAT in the Digital Age, Customs reforms and direct tax work Source vatcalc See also Worldwide Upcoming E-Invoicing mandates, implementations...
9 months ago
Managing Permissions for Multiple Employees in KSeF – How to Do It
KSeF provides authentication and authorization for taxpayers to access structured invoices. Taxpayers can grant permissions to other entities, such as accounting offices or specific individuals. Benefits of...
9 months ago
Managing Employee Permissions in KSeF: How to Grant Access to Multiple Workers in Your Company
KSeF provides authentication and authorization to taxpayers and authorized entities. Taxpayers can view, issue, and receive structured invoices after authentication. Experts from the Ministry of Finance and the National...
9 months ago
How to give an employee rights to KSeF
In the standard authorization model, the taxpayer can grant two types of authorizations to work in KSeF. Direct rights can be granted to a natural person, e.g. an employee. In turn, indirect rights – to another...
9 months ago
VAT in the Digital Age. Preparing for the future of VAT compliance with the Spanish SII test version
The article discusses the importance of assessing a company’s readiness to adapt to a digital VAT scenario and comply with VAT obligations in different jurisdictions. It emphasizes the need to test and evaluate...
9 months ago
Postponement of Digital Signature Requirement in Portuguese Invoices Extended for Another Year
Digital signature requirement in Portuguese invoices postponed for one additional year Requirement expected to enter into force by January 2025 Taxpayers can continue to use PDF invoices as ‘electronic...
9 months ago
How Fonoa Simplifies e-Invoicing in Poland: A Guide for Businesses
Poland has implemented e-invoicing requirements for VAT registered businesses Businesses must issue XML formatted electronic invoices for all transactions with other businesses Invoices are sent to KSeF for approval and...
9 months ago
Amendments to Sales Tax Rules for Integration of Retailers and Electronic Invoicing
The Government of Pakistan has made amendments to the Sales Tax Rules, 2006. The heading “INTEGRATION OF TIER-I RETAILERS AND LICENSING THEREOF” has been changed to “INTEGRATION FOR ELECTRONIC...
9 months ago
Planned shutdown of ICS, Manifest, DMS Import, DMS Export, and DMS Forsendelse (NCTS) systems on 13th December 2023 from 18:15 to 19:15 – Updated
Service window for Gateways on December 13, 2023 from 18:15 to 19:15 Planned shutdown of ICS, Manifest, DMS Import, DMS Export, and DMS Forsendelse (NCTS) systems File access for Import, Export, and NCTS (Transit) is...
9 months ago
Introduction to the Romanian “e-Factura” System: Implementation, Functionality, and Obligations
Implementation of electronic invoicing for all B2B transactions in Romania planned for January 1st, 2024 Tax digitalization gaining popularity in the EU Romanian e-Factura is a tool for electronic invoicing Invoices...
9 months ago
Hungary to Launch New eVAT System for Streamlined VAT Reporting
Hungary will launch the new eVAT System by January 2024 The system will be first implemented voluntarily by taxpayers who want to test it The eVAT system will be available to all VAT-registered taxpayers in Hungary It...
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
Singaporean Government Mandates Peppol-Based B2G E-Invoicing on InvoiceNow Platform
Singapore’s Inland Revenue Authority (IRA) has confirmed the adoption of Peppol e-invoicing standard for B2G transactions. The successful pilot trial tested if InvoiceNow could be updated to a 5-corner model with...
9 months ago
Belgium’s EU Presidency: Commitment to VAT, Customs, and Tax Reforms
Belgium assumes Presidency of Council of EU in Jan 2024 Belgium commits to progress VAT in the Digital Age, Customs reforms, and direct tax work Completion of VAT in the Digital Age negotiations Progressing the...
9 months ago
Introduction to E-invoicing in Romania: Mandatory Implementation from 2024
The Romanian government has decided to introduce the obligation to issue electronic invoices from 01.01.2024. The Romanian tax office will receive sales invoices in real time before they reach the recipient. The...
9 months ago
VAT-exempt taxpayers must have NIP to issue invoices in KSeF
Taxpayers exempt from VAT must have a NIP number to issue invoices in KSeF. Starting from July 1, 2024, issuing invoices in KSeF will be mandatory for all active VAT taxpayers. Starting from January 1, 2025, issuing...
9 months ago
Ecofin report – VAT Rules for the Digital Age: Commission’s December 2022 Package
VAT in the Digital Age On 8 December 2022, the Commission issued its package “VAT rules for the digital age”, containing three proposals: a proposal for a Council Directive amending Directive 2006/112/EC as regards VAT...
9 months ago
Webinar Taxback International – Transform the way you manage VAT Compliance and become ViDA ready! (Dec 12, 2023)
Register HERE This short, 30-minute webinar will discuss how Global tax authorities are digitalising, and why companies are under pressure to stay ahead. Joining this webinar, you will learn how Taxback International’s...
9 months ago
Malaysia Mandates E-Invoicing, Unveils E-Invoicing, ESG, … Incentives
Tax highlights of Budget 2024 and Finance (No. 2) Bill 2023 Starting from 1 January 2024, the Malaysian government will gradually implement e-invoicing for all taxpayers engaged in commercial activities. The goal is to...
9 months ago
Webinar – Recording – E-invoicing in France: Latest developments and impact
Watch it HERE In this session, our team of global e-invoicing compliance experts will provide a comprehensive analysis of the latest developments regarding the e-invoicing mandate in France. Receive detailed insights...
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
Obligation to use structured electronic invoices – Second reading
The Council of Ministers has approved a draft law proposed by Finance Minister Vincent van Peteghem, which makes the use of structured electronic invoices mandatory. The draft law amends the Value Added Tax Code to...
9 months ago
E-Invoicing & E-Reporting developments in the news in week 48 & 49/2023
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 48/49 European Union – ViDA: No...
9 months ago
Generating Goods and Services Tax Return in SAP for Singapore Businesses
Businesses in Singapore must submit a goods and services tax return every quarter. The return is a preprinted form with predefined data. The form requires information such as total accounts receivable, total accounts...
9 months ago
