During Visma’s Work Smarter event in Utrecht, Christiaan van der Valk, VP at Sovos Compliance, took us into the world of electronic invoicing. He explains how globally standardized, digital invoices are not only...
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DGFiP and AIFE Announce Key Updates for E-Invoicing Reform Set for 2026 Implementation
E-Invoicing Reform Overview: On September 13, 2024, the DGFiP and AIFE outlined progress on the upcoming e-invoicing reform set for September 2026, emphasizing their commitment to a smooth implementation. Program Split...
9 months ago
Preparing for the E-Invoicing Era in the UAE: Challenges Businesses Need to Address
Regulatory and Technical Compliance: The implementation of mandatory e-invoicing in the UAE requires businesses to comply with the Federal Tax Authority’s technical and legal standards, necessitating system...
9 months ago
Mastering VAT Efficiency: Key Takeaways from Our Recent Masterclass
Efficient Value Added Tax (VAT) management is essential for maintaining cash flow and minimizing compliance risks, as highlighted in the “Mastering VAT Efficiency” masterclass, which shared insights on streamlining VAT...
9 months ago
SAP Data Archiving: Your A-Z guide to learning all about it
The COVID-19 pandemic significantly accelerated digitalization, with global internet usage increasing by 40% and electricity consumption rising by 42.6 million megawatt-hours in just a few months, leading to substantial...
9 months ago
People in e-invoicing A conversation with Johannes von Mulert and the story of the E‑Invoicing Exchange Summit
Johannes von Mulert, CEO of Vereon AG and organizer of the E-Invoicing Exchange Summit, shared insights on the conference’s evolution and the importance of e-invoicing and digital transformation during an...
9 months ago
ZATCA Announces Eighteenth Wave of Taxpayers for Phase 2 E-Invoicing Mandate
Saudi Arabia is implementing new regulations for e-invoicing, with the Zakat, Tax and Customs Authority (ZATCA) announcing that the eighteenth group of taxpayers must integrate with the FATOORA platform by August 31...
9 months ago
India Publishes Educational Materials on E-Invoicing
On November 29, 2024, the Goods and Services Tax Network (GSTN) issued Advisory No. 461, providing a glossary and a step-by-step guide to help taxpayers understand and comply with mandatory e-invoicing requirements. The...
9 months ago
Denmark Introduces Updates to E-Invoicing Format OIOUBL 3
Denmark is set to implement major updates to its e-invoicing format with the introduction of OIOUBL 3, announced by Nemhandel on November 21, 2024, featuring mandatory invoice message responses and alignment with the...
9 months ago
Bolivia Extends Deadline for Group 9 Taxpayers
The Bolivian government is advancing its e-invoicing regulations, with the National Tax Service (SIN) issuing a new resolution for taxpayers in Group 9. The mandatory adoption of electronic invoicing for these taxpayers...
9 months ago
Hungarian electricity and gas suppliers must issue e-invoices
Hungary has amended two decrees that will take effect on January 1, 2025, establishing mandatory e-invoicing requirements for gas distribution companies and energy traders. Government Decree No. 273/2007 requires energy...
9 months ago
New legislative changes regarding RO e-Invoice, RO e-VAT, excise duties and RO e-Transport
Legislative Amendments: Government Emergency Ordinance No. 138/2024 introduces changes to RO e-Invoice, RO e-VAT, profit tax, income tax, accounting law, excise duties, and RO e-Transport regulations. B2G Invoice...
9 months ago
Ministry of Finance Proposes Mandatory Electronic Invoicing Bill
Proposed Legislation: The document outlines a draft law amending Act No. 222/2004 on Value Added Tax (VAT), aiming to introduce mandatory electronic invoicing and real-time data reporting to combat tax evasion...
9 months ago
Comarch Webinar – Global E-Invoicing Mandates – Trends, Strategies & Key Deadlines
Watch it HERE In response to the increasing global trend toward digitalization, many countries are implementing electronic invoicing mandates to reduce tax fraud and enhance financial processes. Each country has its...
9 months ago
How Germany’s E-invoicing Mandate will Change Your Business in 2025
Mandatory E-Invoicing Timeline: Germany will implement mandatory e-invoicing for B2B transactions starting January 1, 2025, requiring all companies to receive CEN/EN 16931-compliant e-invoices. By January 1, 2027...
9 months ago
Serbia publishes amended E-Invoicing Law
Implementation Timeline: The new law will take effect on 15 December 2024, with most obligations starting on 1 January 2025; however, specific provisions regarding subject status, electronic VAT recording, and e-invoice...
9 months ago
E-invoice Exchange Process in Germany
E-Invoicing Mandate and Exchange Process: Starting in 2025, Germany will require e-invoicing for B2B transactions, necessitating businesses to understand the secure and structured exchange of invoice data between...
9 months ago
E-Invoicing & E-Reporting developments in the news in week 51/2024
New LinkedIn Group: Global E-Invoicing & Real Time Reporting developments Click HERE for the PODCAST version discussing ”E-Invoicing & E-Reporting developments in the news in week 51/2024” Follow the...
9 months ago
End of the Year Checklist: Find the 2025 Key VAT Updates
Importance of VAT Updates: As businesses prepare for 2025, staying informed about Value-Added Tax (VAT) changes is essential to ensure compliance and avoid potential mistakes, particularly for non-established entities...
9 months ago
Côte d’Ivoire Introduces Electronic Invoicing System for VAT Reporting
Cote dIvoire’s Directorate General of Taxes has released details of a new electronic standardized invoice All businesses are required to use this for issuing and reporting VAT transactions The new system is...
9 months ago
Albania Enhances Fiscal Platform for Rejected E-Invoice Management
New improvement in Albania for managing rejected electronic invoices Albania’s Tax Administration enhanced its fiscalization platform Starting November 2024, rejected invoices will automatically be listed in...
9 months ago
Mastering Regional E-Invoicing Complexities and CTCs: Final Insights
This article focuses on the regional complexities and challenges of e-invoicing compliance for multinational companies There are no widely accepted international standards for e-invoicing, making compliance complex...
9 months ago
Year-End Briefing: VAT Gap, Law 5164/2024, and B2G Invoicing Updates
The final broadcast for 2024 covered various topics Updates on Christmas bonuses from the Labor Inspection Further reduction of the VAT gap in Greece for 2022 Extension of asset declaration deadlines until February 28...
9 months ago
Urgent Call for Clarity on Esend-MyData Integration Issues
The Independent Authority for Public Revenue updated the MyData system with Esend data on December 19, 2024, without prior notification Numerous errors have been identified in the data transmission values between the...
9 months ago
Spain Implements Mandatory Verifactu Invoicing Software for Tax Compliance by 2025
Spanish resident taxpayers must use approved invoicing systems called verifiable invoicing systems or VERI FACTU systems The requirement is specified in the Royal Decree 1007/2003 of 5 October 2024 Businesses already...
9 months ago
The electronic standardized invoice comes into force in Ivory Coast in January 2025
Introduction of Electronic Standardized Invoice: The General Directorate of Taxes (DGI) announced that the electronic standardized invoice will be implemented starting January 2025, as discussed during an event...
9 months ago
DG TAXUD worked with DG DIGIT to develop a Solution Architecture Template (SAT) for e-invoicing
Project Initiation and Goals: In September 2023, DG TAXUD launched the FPG 042 project group under the Fiscalis Programme to develop a Solution Architecture Template (SAT) for B2B intra-community e-invoicing reporting...
9 months ago
Group on the Future of VAT: Agenda and minutes of the 47th meeting (December 2, 2024)
Source Circabc Agenda 47th GFV meeting – 02-12-2024 1. Welcome and introduction 2. ViDA Package – Update on the state of play and Implementation 2.1. GFV N° 141 ViDA Package. DRR Implementation – Preliminary...
9 months ago
