From January 1, 2024, EU member states will be able to require taxpayers to issue electronic invoices without the need for derogation from the EC. The ViDA system aims to adapt the current VAT settlement system to the...
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Changes in VAT Invoice Correction with the Introduction of National e-Invoicing System
Obligatory National e-Invoicing System (KSeF) will bring changes to the process of correcting and settling invoices. Invoices covered by KSeF will be corrected with structured corrective invoices. Invoices exempt from...
9 months ago
Consultations Begin for Poland’s 2024 National E-invoicing System (KSeF)
The Ministry of Finance has started talks on two executive decrees to regulate the use of the KSeF e-invoicing system, which will become mandatory nationwide on July 1st, 2024. The first decree will address issues of...
9 months ago
Portugal will delay the electronic signature for PDF and XML invoices mandate
In Portugal, electronic invoices in PDF and XML formats are currently considered equivalent to paper invoices without additional certifications or signatures. However, the Portuguese Tax and Customs Authority plans to...
9 months ago
Webinar Fonoa – Global E-Invoicing: In-house Perspectives
Fonoa recently hosted a webinar panel with guests from Google and Meta discussing their experiences with e-invoicing and digital reporting. The panelists shared their challenges and how large enterprises have overcome...
9 months ago
Royal Decree setting out Verifactu invoicing and billing software requirements has been published
The Spanish government is implementing digitization measures for tax controls, including software requirements for billing systems. A Draft Royal Decree was published in February 2022, establishing software requirements...
9 months ago
B2C transactions under consideration for mandatory e-invoicing
India may extend its mandatory e-invoicing system to include B2C transactions in the next 2-3 years. Currently, only B2B transactions are subject to this system, with taxpayers exceeding a certain revenue threshold...
9 months ago
India considers expanding mandatory e-invoicing to include B2C transactions
India considering expanding mandatory e-invoicing system to include B2C transactions Currently, only B2B transactions subject to mandatory e-invoicing Taxpayers exceeding revenue threshold must comply with system CTC...
9 months ago
Optimizing VAT Recovery and Compliance: A Guide to Advanced AI Solutions for Enterprises
Technology-driven VAT management is essential for indirect tax and VAT managers in today’s digital economy. Legacy tools and platforms are not capable of understanding the nuances and context of employee-generated...
9 months ago
Streamlining Customs Declarations: Simplifying Requirements and Harnessing Technology for Efficiency
HM Treasury and HM Revenue & Customs sought views on streamlining customs declaration requirements and using technology to make them easier and more cost-effective. The government will simplify customs declarations...
9 months ago
Spain SIF certified electronic invoicing July 2025
For resident taxpayers, only state or VERI*FACTU approved invoicing software may be used to prepare and issues invoices from July 2025 Source vatcalc See also Worldwide Upcoming E-Invoicing mandates, implementations and...
9 months ago
National e-Invoice System (KSeF) – regulations consulted with business
Until December 18 this year, consultations will continue on two draft regulations for the KSeF. The changes, effective in the first stage of system implementation, include issuing e-invoices and using KSeF. The draft...
9 months ago
Spain introduces mandatory use of certified billing software
The Spanish Ministry of Finance and Public Service has issued a new decree mandating the use of certified billing software to ensure the integrity, conservation, and unalterability of invoices. This requirement will...
9 months ago
Steering Through Malaysia’s e-Invoice Landscape: Diving into the requirements
Malaysia is moving towards implementing a digital tax environment, and understanding the e-Invoicing system is crucial for businesses in the country. The implementation of e-Invoicing in Malaysia was initially planned...
9 months ago
Adapting to Change: The Rise of Mandatory Electronic Invoicing in France and Its Impact on Tax Compliance
Mandatory electronic invoicing is being implemented in France to minimize tax fraud. The electronic invoicing system, managed through Chorus Pro, will be expanded and become the central public invoicing portal. E...
9 months ago
German B2B e-invoicing legislator deadlock
Bundesrat rejects Bundestag phased 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 Global E...
9 months ago
A Milestone in Singapore’s Digital Transformation
The Inland Revenue Authority of Singapore (IRAS) has announced its adoption of the InvoiceNow (Peppol) e-invoicing network for GST administration. IRAS collaborated with the Infocomm Media Development Authority (IMDA)...
9 months ago
Poland’s Mandatory National e-Invoicing System: Draft Regulations and Effective Date
Two draft regulations published on 27 November 2023 relate to the mandatory use of the national e-invoicing system (KSeF) in Poland. The draft regulation on using KSeF specifies types of authorizations, authentication...
9 months ago
Saudi Arabia’s Ninth Wave of Phase 2 E-Invoicing Integration: Criteria and Deadlines
Saudi Arabia’s Zakat, Tax, and Customs Authority (ZATCA) announced criteria for taxpayers in the ninth wave of Phase 2 e-invoicing integration. Taxpayers with a taxable turnover exceeding SAR30 million in 2021 or...
9 months ago
Introduction of Verifactu Fiscalization Requirements Approved in Spain: Deadline for Compliance Set for July 2025
The Royal Decree for introducing Verifactu fiscalization requirements has been approved in Spain. The regulation outlines criteria for computer or electronic systems and programs supporting billing processes. The...
9 months ago
From 2024, electronic invoicing is mandatory for all taxpayers
Starting from January 1, 2024, all small and lump-sum taxpayers will be required to issue electronic invoices. The obligation applies regardless of the amount of revenue or compensation. Taxpayers need to organize...
9 months ago
Update and maintenance work on the test environment of the National e-Invoice System
Planned update and maintenance work on the test environment of the National e-Invoice System Update of the API of the National e-Invoice System to version 2.1.0 Addition of a service to hide invoices Addition of a...
9 months ago
Government Plans to Mandate E-Invoice for B2C Transactions in 2-3 Years
The government plans to make it mandatory for businesses to issue e-invoices for B2C transactions in the next 2-3 years. Currently, businesses with a turnover of Rs 5 crore and above are required to generate e-invoices...
9 months ago
The Main E-Invoice Requirements in Poland: A Guide for Taxpayers
The National e-Invoicing System (KSeF) in Poland will become mandatory by July 2024. Certain taxpayers have until January 2025 to comply with the new requirements. The e-invoice must be in XML format and can be...
9 months ago
Torrent of GST notices stems from AI, data analytics on law interpretation: Official
Stakeholders in meetings with the Finance Ministry have raised concern on the raft of notices to multiple sectors based on interpretation of the law which the government says is a result of artificial intelligence and...
9 months ago
France e-invoicing July 2025 early launch faces challenge
National Assembly to challenge Senate proposal for early July 2025 B2B e-invoicing for large enterprises Source vatcalc See also Worldwide Upcoming E-Invoicing mandates, implementations and changes – Chronological Join...
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
UAE is moving towards introducing Peppol by July 2025
The UAE Ministry of Finance has announced plans to implement a countrywide e-invoicing mandate by July 2025, using Peppol specifications. The aim is to simplify business processes, improve tax reporting, offer real-time...
9 months ago
