French tax administration (DGFiP) announced a change to the invoicing reform model Initially planned hybrid model for exchanging domestic B2B invoices to start from September 1, 2026 Involves Partner Dematerialisation...
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Poland Delays Mandatory E-Invoice System Implementation to 2026: Updates and Implications
The Polish government has delayed the mandatory implementation of the National E-Invoice System (KSeF) from July 2024 to 2026 Large companies must comply by February 1, 2026, and all other businesses by April 1, 2026...
8 months ago
KSeF on the horizon: Are we ready for the comeback?
The National e-Invoice System (KSeF) is gaining popularity among entrepreneurs The Ministry of Finance has limited the testing of sending electronic invoices due to high interest Companies are actively preparing for...
8 months ago
Germany’s Phased Transition to Mandatory E-Invoicing for B2B Transactions by 2028
Germany is introducing gradual mandatory e-invoicing for B2B transactions starting January 2025 The phased implementation will roll out over three years The transition aligns with the VIDA framework proposed by the EU...
8 months ago
Italy’s Mandatory e-Invoicing Derogation: EU Council’s Proposal for Extension
Proposal for Extension: The EU is considering extending Italy’s mandatory e-Invoicing to combat tax fraud and streamline compliance, enhancing the effectiveness of its VAT system. Impact Since 2018: Italy’s e...
8 months ago
RTC Webinar – Is ViDA the Tip of the European e-Invoicing Iceberg? (Oct 23)
Register HERE Date & Time: Oct 23, 2024 01:00 PM in Brussels Description We are excited to invite you to our upcoming webinar, “Is ViDA the Tip of the European E-Invoicing Iceberg?”, hosted by RTC. This...
8 months ago
EU Council Presidency Proposes 10-Year Opt-Out for VIDA – Platform Economy
Proposal Overview: Hungary, holding the EU Council presidency, is set to propose a 10-year opt-out from the VAT in the Digital Age (VIDA) package. This package would otherwise make digital platforms responsible for VAT...
8 months ago
Peppol – Key Questions Answered
Peppol Overview: Peppol (Pan-European Public Procurement Online) standardizes secure electronic document exchanges, facilitating cross-border transactions and compliance with local regulations. Its use is expanding...
8 months ago
A Pilot Project Has Been Developed for the Execution of Public Procurement Contracts in the IS E-Invoices
The State Revenue Committee of the Ministry of Finance of the Republic of Kazakhstan has developed and submitted for discussion a draft order On approval of the Rules for the implementation of a pilot project for the...
8 months ago
Latest E-Invoice Obligation Updates in Poland
The Polish government has delayed the mandatory implementation of the National E-Invoice System (KSeF) from July 2024 to 2026, with large companies required to comply by February 1, 2026, and all other businesses by...
8 months ago
Belgium releases an official list of compliant e-invoicing solutions
Starting January 1, 2026, Belgium mandates all companies to use the Peppol network for electronic invoicing, allowing seamless interaction with all connected companies. Companies must select an e-invoicing service...
8 months ago
E-Invoicing vs. E-Reporting: Understanding the Key Differences for Compliance and Efficiency
Distinct Purposes: E-invoicing automates invoice exchanges between businesses to enhance efficiency, while e-reporting ensures compliance by submitting transaction data to tax authorities. Scope and Process: E-invoicing...
8 months ago
Towards digital invoicing: what is UBL?
What is UBL? Universal Business Language (UBL) is an XML-based standard for exchanging electronic documents like invoices, offering structured and automated data processing. Advantages of UBL vs. PDF: UBL enables...
9 months ago
The 5-Corner Model of PEPPOL: An Evolution in e-Invoice Exchange
The 5-Corner Model for e-invoicing, introduced by PEPPOL, enhances the 4-Corner Model by adding a fifth participant, the Service Metadata Publisher (SMP), which manages and shares metadata about the participants and...
9 months ago
BMF publishes letter offering regulatory guidance on the upcoming e-invoicing mandate
The German Ministry of Finance released the final version of the e-invoicing mandate letter, initially shared as a draft to raise awareness and guide taxpayers. Officially published on October 15, 2024, the final letter...
9 months ago
ecosio Webinar – Peppol – How Acknowledgments Will Change the E-invoicing Game Forever (Oct 23)
When: Oct 23, 2024, 11 AM CET What we’ll cover Acknowledgements within the Peppol network are revolutionising the way businesses handle e-invoicing, offering real-time status updates and boosting confidence in the...
9 months ago
Bolivia publishes the twelfth taxpayer group required to issue e-documents
The Bolivian tax authority, SIN, published a new resolution requiring a new group of taxpayers to issue electronic tax documents. The new obligation will take effect on 1 March 2025, and taxpayers in the scope must...
9 months ago
Your Guide to Electronic Invoicing EU
Businesses in the European Union are transitioning from paper-based invoicing to electronic invoicing (e-invoicing) for increased efficiency, reduced environmental impact, and faster payment processing. The EU has...
9 months ago
BMF Letter Provides Regulatory Guidance for Upcoming E-Invoicing Mandate in Germany
BMF released a draft letter offering regulatory guidance on the upcoming e-invoicing mandate The letter provides details on the requirements for e-invoicing The German Ministry of Finance aims to streamline invoicing...
9 months ago
Turkey’s AI Revolution: Combating Tax Fraud with Advanced Technology and Analytics
Turkey’s Treasury and Finance Ministry plans to use AI to combat tax evasion, enhance audit efficiency, and detect fraud in high-risk sectors like construction Turkey aims to improve tax collection rates and close...
9 months ago
Draft 2025 Finance Bill from Congolese Ministry Requires Electronic Invoicing for VAT
Congolese Ministry of Finance, Budget, and Public Portfolio posted draft 2025 finance bill online Draft bill includes measures for electronic invoicing for VAT Source: news.bloombergtax.com Note that this post was...
9 months ago
Tax Authority’s Clarification on E-Invoicing System Rules
Tax Authority has issued clarification on rules regarding E-Invoicing System The clarification aims to provide guidance to businesses on compliance with the system E-Invoicing System is a digital method of generating...
9 months ago
French Government to Facilitate Extensive Adoption of Electronic Invoicing
The French government plans to facilitate the adoption of electronic invoicing Electronic invoicing will improve competitiveness, payment times, and simplify interactions with the tax administration Implementation will...
9 months ago
HMRC Launches Consultation to Promote E-Invoicing Across UK Businesses and Government Departments
HMRC will launch a consultation on e-invoicing to promote its wider use E-invoicing could reduce administrative tasks, improve cash flow, boost productivity, introduce automation, and reduce errors in tax returns The...
9 months ago
E-Invoicing & E-Reporting developments in the news in week 42/2024
Podcast version 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 France In a press release of Oct 15...
9 months ago
Impact of Changes to French e-Invoicing Mandate on Businesses: Transition to Private PDPs Needed
French tax administration discontinuing free state-operated invoice exchange service Pressure on taxpayers and software vendors to select certified ‘PDP’ France adopted unique ‘Y model’ for e...
9 months ago
Bolivia’s SIN Announces Schedule for VAT E-Invoicing Implementation Waves by October 2024
Different waves of businesses have different deadlines to join the Sistema De Facturacion Electronica (SFE) regime The 9th wave has a deadline of 1 December 2024 Source: vatcalc.com Note that this post was (partially)...
9 months ago
Belgium’s Compliant e-Invoicing Solutions List published
Belgian authorities published a list of compliant e-invoicing solutions Taxpayers must use structured electronic invoices for domestic B2B transactions from 2026 Sovos is recognized as a compliant software provider on...
9 months ago
