Italy is seeking an extension of mandatory electronic invoicing authorization from the EU Council Current authorization expires December 31, 2024 The electronic invoicing system has shown significant benefits: Detected...
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Official Publication of VeriFactu Regulations for Billing Systems in Spain by Order HAC/1177/2024
Order HAC/1177/2024 has been published by the BOE in Spain Sets official technical and functional specifications for billing systems under VeriFactu Compliance deadline for manufacturers is July 29, 2025 Part of...
9 months ago
VAT Expert Group meeting – Minutes 37th meeting on October 4, 2024
Link – VEG 122 – Minutes 37th VEG meeting 04-10-2024 Summary of the 37th VAT Expert Group Meeting Brussels, 21 October 2024 The 37th meeting of the VAT Expert Group (VEG) was held on 4 October 2024 via...
9 months ago
Group of the future of VAT – Agenda, Presentations and Minutes 46th GFV meeting (October 9, 2024)
Fiscalis Project Group on E-Invoicing: The Fiscalis Project Group FPG/043, led by the Danish Tax Administration, aims to establish common knowledge and understanding of digital reporting solutions in Member States. The...
9 months ago
What Is UUID (Universal Unique Identifier)?
Definition and Purpose: A UUID is a 128-bit identifier designed to uniquely identify data across various systems without the need for a central authority, ensuring global uniqueness and minimizing duplication. Structure...
9 months ago
Germany Finalizes Mandatory E-Invoicing Guidelines for B2B Sector Starting January 2025
Germany has finalized its e-invoicing guidance, with changes from the draft released in June 2024 The new rules apply from 1 January 2025 Mandatory electronic invoicing in the B2B sector was introduced with the Growth...
9 months ago
Official Bulletins: VERI*FACTU Billing Processes under HAC/1177/2024 Order, Effective 29 October 2024.
The Official Bulletins VERI*FACTU Billing Processes Order HAC/1177/2024, of October 17, which develops technical, functional, and content specifications referred to in the Regulations establishing requirements for...
9 months ago
How E-invoicing can Transform your Business
In 2026, Belgium will make e-invoicing mandatory for most local B2B transactions performed by Belgian companies or fixed establishment of foreign companies , with fiscal incentives kicking in as early as 2025. Source:...
9 months ago
UAE’s Ministry of Finance Unveils Overview of Planned E-Invoicing Model
UAE’s Ministry of Finance recently unveiled an overview of the country’s e-invoicing model and implementation timelines, with Phase 1 planned to go-live in Q2 2026.
Source: KPMG
9 months ago
ATO Issues List of Australian Government Entities that can Receive eInvoices.
On 22 October 2024, the Australian Taxation Office (ATO) published an updated list of 132 Australian government entit…
Source: Orbitax
9 months ago
ecosio Webinar – Country-specific E-invoicing Updates at a Glance (Oct 29)
Date: Oct 29, 2024 – 11.00AM – 12.00PM CET What we’ll cover Join ecosio’s E-invoicing Product Manager Chris Newman for a comprehensive rundown of the most important recent and upcoming e-invoicing...
9 months ago
Decentralized 5-Corner Model: UAE’s 2026 B2B and B2G e-Invoicing Mandate Explained
UAE is implementing a new digital invoicing standard for B2B and B2G transactions The mandate aims to enhance efficiency and compliance The Decentralized Continuous Transaction Control and Exchange Model (DCTCE) is...
9 months ago
Scheduled Maintenance on National e-Invoice System Production and Test Environment
Service work on the production and test environment of the National e-Invoice System Service work will be conducted from October 29, 2024, at 10:00 PM to October 30, 2024, at 4:00 AM Temporary access difficulties may...
9 months ago
Overview of UAE’s Planned E-Invoicing Model and Implementation Timelines Revealed by Ministry of Finance
UAE’s Ministry of Finance revealed an overview of the country’s e-invoicing model Implementation timelines have been set, with Phase 1 scheduled to launch in Q2 2026 Source: mof.gov.ae Note that this post...
9 months ago
Germany’s Final Guidance on Mandatory E-Invoicing Effective January 1, 2025
Key Points: Germany published final guidelines for mandatory e-invoicing on October 15, 2024. E-invoicing will be mandatory for specific transactions between domestic companies starting January 1, 2025. All companies...
9 months ago
E-invoicing is gaining momentum – Update from France, Germany & Belgium
Global Shift to E-Invoicing: E-invoicing is becoming crucial in indirect tax compliance, as governments worldwide enhance digital tax reporting, emphasizing transparency, efficiency, and real-time reporting...
9 months ago
Zero VAT Rate – Recent Amendments
Amendments to VAT Regulations: The UAE’s Federal Tax Authority announced amendments to the Executive Regulation of Federal Decree-Law No. (8) of 2017 on VAT, effective from 15 November 2024, with key changes focusing on...
9 months ago
UAE Unveils eInvoicing Implementation Timeline to Enhance Digital Economy
The UAE Ministry of Finance has unveiled an overview of the country’s eInvoicing model, which will feature a Decentralized Continuous Transaction Control and Exchange system. Key milestones include : Q4 2024 – ...
9 months ago
UAE’s 2026 B2B and B2G e-Invoicing Mandate: Understanding the Decentralized 5-Corner Model
Launch of E-Billing System: The UAE government has introduced a dedicated website for e-invoicing, signaling the implementation of mandatory electronic invoicing scheduled for Q2 2026 to enhance the digital economy...
9 months ago
B2B e-Invoicing in UAE: Peppol DCTCE scheduled for 2026
Launch of E-Billing System: The UAE government has introduced a dedicated website for e-invoicing, signaling the implementation of mandatory electronic invoicing scheduled for Q2 2026 to enhance the digital economy...
9 months ago
E-Invoicing & E-Reporting developments in the news in week 43/2024
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 Progress on VAT rules in the digital...
9 months ago
German Ministry of Finance Issues Final Guidance on Mandatory E-Invoicing Including Transitional Provisions
Mandatory E-Invoicing from 2025: From January 1, 2025, e-invoicing will be mandatory for domestic B2B transactions in Germany. No Consent Required: E-invoices must be issued, transmitted, and received in a structured...
9 months ago
Final Guidance from German Ministry of Finance on Mandatory E-Invoicing with Transitional Provisions
German Ministry of Finance has issued final guidance on mandatory e-invoicing Guidance includes transitional provisions for implementation E-invoicing will be mandatory for all businesses in Germany Businesses must...
9 months ago
Global Interoperability Forum (GIF): Connecting the World for Easy Cross-Border E-Invoicing and Trade
Purpose of GIF: The Global Interoperability Forum (GIF) aims to facilitate the exchange of digital documents, such as e-invoices, between businesses and governments globally, promoting smoother cross-border digital...
9 months ago
ViDA on the provisional agenda of the Ecofin meeting on November 5, 2024
On 5 November 2024, the Council of the European Union, focusing on Economic and Financial Affairs, will convene at the Europa building in Brussels. The meeting will adopt a comprehensive agenda tackling both legislative...
9 months ago
UAE Ministry of Finance Unveils E-Invoicing Plans to Streamline Tax Reporting and Enhance Security
The UAE Ministry of Finance (MoF) has reaffirmed its commitment to the E-Billing System project, aimed at reducing human intervention, optimizing costs, and enhancing security in business and tax reporting. An e...
9 months ago
Estonia’s National E-Invoice Project: Standardizing B2B Invoicing by 2025
Estonia is preparing for a national e-invoice project by 2025 Amendments to the Accounting Act aim to promote B2B e-invoicing The goal is to standardize and simplify invoicing requirements The legislation encourages a...
9 months ago
Colombia’s E-Invoicing Regime Expansion on the Horizon
Colombia is planning to expand its e-invoicing regime The expansion will require more companies to comply with electronic invoicing requirements The goal is to increase tax compliance and reduce tax evasion The new...
9 months ago
