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...
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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
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
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
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
Germany’s Ministry of Finance Releases Final Guidelines for B2B E-invoicing Mandate
German Ministry of Finance published finalized guidelines on B2B e-invoicing Roll out date confirmed for January 2025 Key requirements remain unchanged from Growth Opportunities Act E-invoices must comply with EN 16931...
9 months ago
French e-Invoice Mandate Update: PPF Transition and Compliance Deadlines for Businesses
French Tax Administration announced changes to the Public Portal (PPF) PPF will no longer be a free e-invoice exchange platform Businesses must now use a certified private PDP for e-invoice exchanges Mandate timelines...
9 months ago
France Mandates Businesses to Appoint PDP for e-Invoicing by 2026: Boosting Competitiveness and Compliance
France’s e-invoicing mandate will be in effect in 2026 Expected to improve payment times and streamline invoicing processes All businesses must be able to receive electronic invoices by September 1, 2026 Large and...
9 months ago
France’s E-Invoicing Rollout: Update on Implementation Deadlines and Partner Dematerialization Platforms
France’s Ministry of Economy, Finance, and Industry has provided an update on the rollout of electronic invoicing requirements for businesses Implementation deadlines have been confirmed, with all companies...
9 months ago
Malaysia’s Updated E-Invoicing Rules: Implementation Dates and Exemptions Clarified
The Inland Revenue Board of Malaysia released updated guidelines on e-invoicing requirements New e-Invoice Guideline (Version 4.0) and e-Invoice Specific Guideline (Version 3.1) are now available Implementation of new...
9 months ago
Final Guidelines for E-Invoicing under New VAT Regulations (BMF, 15.10.2024)
The final letter on e-invoicing has been published by the Federal Ministry of Finance on October 15, 2024 New regulations for issuing invoices after December 31, 2024 have been introduced Mandatory use of electronic...
9 months ago
Germany’s Mandatory E-Invoicing Requirement from 2025: Finance Ministry Circular Details Released
E-invoicing will be obligatory for domestic supplies between companies in Germany from 2025 Exemptions include VAT-exempt supplies, small-value invoices, and tickets E-invoices must meet EN 16931 standard or be...
9 months ago
France’s e-Invoicing Mandate: Requirements, Deadlines, and Partner Dematerialisation Platforms
France requires businesses to select PDPs for e-Invoicing E-invoicing mandate in France effective from September 2026 Obligation for all companies to receive dematerialised invoices by 2026 Large and mid-sized companies...
9 months ago
France’s E-Invoicing Reform: Challenges, Delays, and Strategic Reorientation for Tax Compliance
France’s mandatory e-invoicing rollout may be delayed again The project is undergoing a strategic reorientation to focus on developing a recipient directory and data concentrator Large enterprises must comply by...
9 months ago
German Ministry of Finance Guidelines for 2025 E-Invoicing Rollout: Key Updates and Impact
German Ministry of Finance released finalized guidelines for mandatory electronic invoicing between domestic businesses, effective January 1, 2025 Key requirements remain unchanged, with obligation to receive e-invoices...
9 months ago
France’s Mandatory Electronic Invoicing: Government Support for Businesses During Transition Period.
French government implementing mandatory electronic invoicing for companies starting in September 2026 Aimed at improving business efficiency and compliance with VAT requirements Transition will happen gradually, with...
9 months ago
IFS and Sovos Partner to Streamline Global Tax Compliance with AI-Powered ERP Integration
IFS and Sovos have announced a technology partnership The partnership will integrate an indirect tax suite within IFS Cloud This integration will help streamline, optimize, and automate tax compliance obligations...
9 months ago
Saudi Arabian E-Invoicing: Regulations, Procedures, and Advantages Explained
E-invoicing was introduced in Saudi Arabia on September 17, 2020 by ZATCA Phase 2 of e-invoicing started on January 1, 2023 and is being implemented in stages Wave 16 of Phase 2 requires companies with annual revenue of...
9 months ago
