E-payment will be mandatory for depositing VAT of Tk 10 lakh and above in Bangladesh. Previously, firms had to deposit net VAT of Tk 50 lakh or higher through e-payment. The number of VAT registered entities with high...
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German Federal Council Rejects New Draft for Mandatory Electronic Invoicing, Implementation Expected by 2025
The German Federal Council has rejected the new draft for mandatory electronic invoicing for B2B transactions in Germany. The eInvoicing rules are expected to apply from 2025. Most German businesses will be affected by...
Difficult Progress of VIDA in the Digital Age: Negotiations and Implementation Challenges
Negotiations on certain parts of the proposal for VAT rules for the digital age (VIDA) are difficult Differences between member states on the level of harmonization regarding digital reporting obligations and e...
ViDA doesn’t achieve political agreement in 2023
The EU’s VAT in the Digital Age 3-pillars of reforms will not achieve final agreement by EU Finance Ministers this year as planned. This means it passes from the current Spanish to the Belgian presidency of the EU...
Advancing the Technology Landscape: RTC’s OEM Partnership with SAP
RTC has become the first SAP OEM Partner in Turkey, marking a significant milestone in their efforts to enhance technological capabilities and client services. The partnership provides RTC with full access to SAP BTP...
Difficult progress Vat in the Digital Age
Negotiations on certain parts of the proposed VAT rules for the digital age (VIDA) are proving difficult. Minister Kaag will send the Senate and House of Representatives the agenda of the Eurogroup and Ecofin Council of...
R&D relief as support for the implementation of KSeF
The National e-Invoice System, which requires the use of structured invoices, will become mandatory on July 1, 2024. Some companies are already adapting their accounting programs to issue e-invoices and are wondering if...
Webinar – Recorded session – Embracing Poland’s e-Invoicing Revolution
Watch it HERE A Big Thank You to Our Attendees! We extend our sincerest gratitude to everyone who joined our insightful webinar, “Embracing Poland’s e-Invoicing Revolution: Preparing for July 2024”. To those who...
SAP BTP – Pillar I: Database and data management – What a tax function needs to know
SAP BTP (Business Technology Platform) is a comprehensive platform that offers various services and capabilities for businesses. Pillar I of SAP BTP focuses on database and data management. For tax functions, it is...
Ghana approaches the second phase of e-invoicing system adoption
Ghana’s Ministry of Finance has released its 2024 Budget Statement, which includes the second phase of its e-invoicing system (e-VAT). The first phase, which ended in 2022, applied to large and high-risk taxpayers...
Singapore plans local PINT format implementation
Singapore plans to transition from the current Peppol BIS specifications to the PINT SG specifications in a phased-out approach. The technical specifications for this transition are expected to be released by the end of...
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...
Implementing KSeF: Reducing corrections in VAT
From January 1, 2021, new rules were introduced regarding the recognition of reducing corrections in VAT. Previously, corrections were recognized when the buyer received confirmation of the corrective invoice. However...
Free Peppol and XML document validator
Easily validate Peppol and XML documents such as EN 16931 (e.g., XRechnung), EHF, OIOUBL, A-NZ PEPPOL BIS3, CII Cross-Industry Invoice, OpenPEPPOL formats, various UBL file types, and many more. Source Ecosio See...
Webinar – Recording – E-Invoicing in Germany
Watch it HERE
Source Ecosio
See also Worldwide Upcoming E-Invoicing mandates, implementations and changes – Chronological
Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE
Webinar – Recording – E-Invoicing in Belgium
Watch it HERE
Source Ecosio
See also Worldwide Upcoming E-Invoicing mandates, implementations and changes – Chronological
Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE
Kenya pre-Filled VAT Returns 2024
Kenya’s Revenue Authority has confirmed that all taxpayers will be mandated to use pre-filled VAT returns from 1 January 2024. Draft transaction data from Kenya’s e-invoicing TIMS platform will be used to populate the...
Detailed Guidelines for E-Invoicing – Version 2
Issued by Zatca.
Source Zatca
See also Worldwide Upcoming E-Invoicing mandates, implementations and changes – Chronological
Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE
Are Verifactu and e-invoice obligation one and the same?
Two major systems are being developed in Spain: B2B e-invoice obligation and VeriFactu. These systems are not the same. E-invoice is for B2B transactions, while VeriFactu is for fiscalization and special software...
What is the timeline of the E-Invoicing mandate in Germany?
Last update: April 10. 2024 The BMF has proposed an implementation schedule affecting reception, issuance, and the use of different formats. January 1, 2025 All German companies must be able to receive and process...
How to find the right e-invoicing solution for your business
Finding the right e-invoicing solution can be challenging, but it will soon be required for most companies globally. To ensure success, it is essential to consult experts and gather information. Genuine electronic...
Last provinces join China’s e-invoicing pilot
Chinese businesses traditionally used a physical fapiao tax receipt system, but there has been a push to digitalize the invoicing system. Starting from November 2023, all Chinese provinces (except Tibet) have...
The French Senate approves new timelines for France e-invoicing
On November 27, 2023, the French Senate approved an amendment to the Public Finance Bill establishing the following timeline for the French e-invoicing mandate: July 1, 2025 for large businesses September 1, 2026 for...
Mandatory B2B E-Invoicing and E-Reporting Roll-out in 2024 in Romania
The President of Romania has amended the law for mandatory B2G e-invoicing to include B2B transactions. Starting from January 1, 2024, electronic invoicing will be mandatory for B2B transactions. The first three months...
The tax authority will not sanction those taxpayers who have not observed the forms and conditions related to the SIRE until April 30, 2024
The tax authority has granted a grace period for non-application of penalties related to electronic books and records for tax purposes. Taxpayers who have not followed the rules and conditions related to the SIRE and...
Bizkaia: Postponement of Batuz obligations for SMEs Approved
New legislation has postponed the Batuz obligation for small and medium-sized companies, micro-enterprises, self-employed workers, small-sized cooperatives or non-profit entities until January 1, 2024. Large companies...
Official Gazette: Long-awaited Resolution 000165 which establishes various provisions on electronic invoicing
The resolution establishes new fields and validations for the electronic sales invoice and requires obligated subjects to adopt the new version within three months of its publication. It also introduces the Electronic...
How to unify all your API assets so they’re easier to consume
API assets should be organized like books in a library to make it easy for users to find what they need. An API marketplace can curate and categorize APIs logically, making it simple for users to find relevant APIs and...