The Portuguese State Budget Law for 2024, approved on 29 November 2023, includes a delay in the implementation of regulations for electronic invoices for B2G and qualified electronic signatures (QES) for PDFs. Starting...
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European Parliament – Texts adopted – Amended Proposal for VAT Rules in the Digital Age
European Parliament approves the Commission proposal on VAT rules for the digital age Calls on the Commission to make necessary amendments to the proposal Asks the Council to inform Parliament if it plans to deviate...
9 months ago
E-Invoicing in Turkey: A Comprehensive Guide to Digital Financial Practices
Turkey has been implementing a comprehensive e-invoicing system since 2012. The system initially applied to certain industries but has expanded to cover a wider range of businesses and transactions. Businesses with an...
9 months ago
Wednesday Meetings with KSeF: National e-Invoice System for Microenterprises
The Ministry of Finance and the National Revenue Administration are organizing informational meetings for micro-entrepreneurs about the National e-Invoice System (KSeF). The meetings take place every Wednesday from mid...
9 months ago
How to Access the National e-Invoice System (KSeF)
The KSeF (Krajowy System e-Faktur) is a national e-invoice system in Poland. Users can log in to the KSeF using a Trusted Profile, qualified electronic signature, or qualified electronic seal. The Ministry of Finance...
9 months ago
Issuing an invoice in KSeF – what should you pay attention to?
As invoice issuers, we must comply with the deadline for issuing invoices stated in the VAT Act. The date of issue for a structured invoice is typically the day it is sent to the KSeF system, not the date indicated by...
9 months ago
Important Update: Mandatory 6-Digit HSN Code in E-Invoices for Taxpayers with AATO of 5 Cr and above from December 15, 2023
As of the latest update from the GST E-invoice system on December 04, 2023, it has been mandated that a minimum of 6 digits of the HSN code will be compulsory in e-Invoices for taxpayers with an Aggregate Annual...
9 months ago
Germany’s staged B2B e-invoicing introduction schedule extended
Germany’s Bundestag has approved a plan to extend the timeline for implementing a nationwide e-invoice issuing mandate by one year. The first stage of the mandate will now begin on January 1, 2025, with a...
9 months ago
E-invoicing Mandate in France Possibly Introduced Earlier Than Expected
The French Senate is proposing an updated timeline for the introduction of the e-invoicing system. The proposal includes setting new dates for mandate introduction and removing a provision that allows the government to...
9 months ago
What is GENA?
GENA (Global Exchange Network Association – formerly GENA) is a non-profit organization established in 2011. It aims to develop best industry practices and influence public policy in the field of electronic...
9 months ago
Bahrain eliminates tax authority approval requirement for e-invoice issuance
VAT registered persons in Bahrain no longer need approval to issue and retain invoices, credit and debit notes, and other documents in electronic form. The Bahraini government has announced plans for mandatory e...
9 months ago
Taxing issues around AI
Al is changing the tax function, particularly in relation to VAT. While tax authorities have been using AI to close tax gaps, the tax profession has been slow to adopt AI.
Read further vatcalc
9 months ago
MF: Free tools are enough to issue invoices in KSeF
It is worth logging in to the National e-Invoice System (KSeF) today and testing its capabilities. The method of logging in will differ depending on whether the user is an individual or a company – informs the...
9 months ago
RTC Webinar – Slide deck, Recording, Q&A – Embracing Poland’s e-Invoicing
Webinar hosted by RTC on “Embracing Poland’s e-Invoicing Revolution: Preparing for July 2024” Links Webinar – Recording Presentation deck Q&A document Click on the logo to visit the website ...
9 months ago
Stay Informed with IBFD’s International VAT Monitor: Latest Articles
European Union Is ViDA a Diva Deserving a Big Applause from 37.5 Million Unpaid Tax Collectors? I. Lejeune In this Column, the author looks at the ViDA proposal, more specifically at the proposed digital reporting...
9 months ago
How to Access the National e-Invoice System (KSeF)?
The National e-Invoice System (KSeF) is available for testing. The login method for KSeF differs for individuals and companies. The Ministry of Finance and the National Revenue Administration invite micro-entrepreneurs...
9 months ago
Portugal Allows PDF Invoices Until 2024, QES Required from 2025
Portuguese businesses can use PDF invoices as electronic invoices until December 31, 2024 From January 1, 2025, PDF invoices must include a Qualified Electronic Signatures (QES) QES can only be issued by certified third...
9 months ago
E-invoicing obligations for flat-rate entities in Italy: Implementation and Requirements
E-invoice rules have been established in Italy The accepted invoice format is FatturaPA, an electronic invoice structured in an XML file Affixing a certified electronic or digital signature is important There are...
9 months ago
French Senate Approves Earlier Timeline for E-Invoicing Implementation for Large Businesses
French Senate proposed a new earlier timeline for e-invoicing for large businesses The French government initially proposed a delay until September 2026 The French Senate approved an amendment to bring forward the...
9 months ago
Germany Delays Mandatory Issuing of E-Invoices for B2B Transactions Until January 2027
Germany has approved draft legislation to delay the mandatory issuing of e-invoices until January 2027 for established taxpayers. The requirement to issue B2B e-invoices would apply from January 2027 for companies with...
9 months ago
Correction notes are becoming a thing of the past after KSef implementation
At the beginning of July 2024, the method of correcting errors in invoices will change. No one will issue a correction note anymore, even in exceptional situations where invoices will not be issued using the KSeF...
9 months ago
New! E-invoicing developments timeline
The world of taxation and compliance is constantly becoming more digitalized and governments are continuously issuing new regulations and requirements for taxpayers. To help businesses stay up-to-date with tax...
9 months ago
Discussion Paper on Modernising South African VAT Administrative Framework
SARS published a Discussion Paper on VAT Modernisation on 8 September 2023. The purpose is to modernize the South African VAT administrative framework. The paper invites businesses, software developers, technology...
9 months ago
Nigeria Implements E-Invoicing to Boost VAT Revenues
Nigeria’s government aims to double VAT revenues through the implementation of e-invoicing. Mandatory e-invoicing is already in place with the Central Bank for clearing payments. The timing for the implementation...
9 months ago
Krajowy System e-Faktur: How to Start Using It in Your Company?
The Krajowy System e-Faktur (KSeF) will be mandatory in Poland for VAT taxpayers in seven months and for all entrepreneurs from the beginning of 2025. Only 40% of business owners have heard of KSeF. KSeF allows...
9 months ago
Italy Implements Mandatory Electronic Invoicing for All Businesses from 2024
Italy implements mandatory electronic invoicing for all businesses from 2024 Micro businesses are now required to issue electronic invoices through the Sistema di Interscambio (SdI) system This completes Italy’s...
9 months ago
Poland’s Proposed SAFT Adjustments and Mandatory Electronic Invoicing for Improved Tax Reporting
Poland wants to adjust the monthly SAFT (JPK-VAT) with mandatory electronic invoicing Key proposals include incorporating the Ksef number from electronic invoices into the SAFT for accurate reconciliation The time frame...
9 months ago
Portugal Mandates Qualified Electronic Signature for PDF Invoices from 2024
Starting January 1, 2024, Portugal will require a qualified electronic signature on PDF invoices for them to be considered valid. This is a shift from the current acceptance of PDF invoices as e-invoices. Companies must...
9 months ago
