The Zakat, Tax and Customs Authority (ZATCA) has set criteria for selecting establishments for the thirteenth group of electronic invoicing, which includes all establishments with revenues subject to value-added tax...
All Technology Posts
The Belgian Ministry of Finance publishes a dedicated page for the upcoming B2B e-invoicing mandate
The Belgian Ministry of Finance has passed a new mandate set to take effect on 1 January 2026, requiring taxpayers to comply with electronic invoicing using the Peppol Framework. Taxpayers must acquire a certified...
1 month ago
Ecuador: Tax Authority Will Apply Fines Up To $13,800 USD for Non-Delivery of Sales Receipts
Resolution No. NAC-DGERCGC24-00000022, published on June 10, 2024 in the Official Register Supplement No. 575, establishes the possibility of imposing penalties from $460 to $13,800 USD for the non-delivery of sales...
1 month ago
Ministry of Finance Provides Details on the Upcoming E-invoicing Mandate
Starting from January 1, 2026, e-invoicing will be mandatory in Belgium. The Ministry of Finance has provided guidelines regarding the format, scope, and exchange methods of e-invoices through a Q&A format. This...
1 month ago
E-Invoicing and Pre-Filled VAT Returns
The global adoption of electronic invoicing has led to increased requirements from Tax Administrations for collecting data to generate pre-filled VAT returns. Romania recently announced the introduction of pre-filled...
1 month ago
Discover the 2024 eInvoicing Country Factsheets!
The European Commission is happy to announce the 2024 eInvoicing Country Factsheets! These resources are published on the DIGITAL eInvoicing Building Block website. They have been developed in collaboration with...
1 month ago
Introducing the Technical Guidance document on Tax Codes for eInvoicing
You can now access the new Technical Guidance document on Tax Codes for Electronic Invoicing document. This document is the result of the discussions among stakeholders within the Technical Advisory Group on Electronic...
1 month ago
Webinar RTC – Get Ready for Malaysia’s e-Invoicing Mandate: Key Insights and APAC Impact (July 17, 2024)
Register HERE Join us for an in-depth webinar on “Key Insights into Malaysia’s e-Invoicing Mandate” hosted by RTC. This webinar will provide a thorough understanding of Malaysia’s e-Invoicing requirements, focusing on...
1 month ago
Saudi Arabia Announces New Taxpayer Group for Phase 2 of e-Invoicing Integration
ZATCA announced the 13th wave of Phase 2 of e-invoicing The 13th wave covers taxpayers with at least SAR 7 million revenue subject to VAT for 2022 or 2023 Taxpayers in this group expected to integrate by 1 January 2025...
1 month ago
Legislative Yuan Passes Amendments a.o. how to store electronic invoices and necessary information on a designated platform, with specified penalties for non-compliance
The Legislative Yuan passed amendments to the Value-Added and Non-Value-Added Business Tax Law Key points of the amendments include obligations for businesses to store electronic invoices and necessary information on a...
1 month ago
Belgium Issues Guidelines for Mandatory B2B e-Invoicing Effective January 1, 2026
Format of E-Invoices: Guidelines on structured invoices and alternative formats Scope of E-Invoicing: Inclusions/exclusions, self-billing, co-existence of electronic and paper invoices Cross-Border Invoicing: Scope and...
1 month ago
E-Invoice 01 – VIDA, SVR: Impact on Businesses in the Digital Age
Germany introduced E-Invoice as part of the VIDA project E-Invoice set to become standard in B2B sector from 2025 EU working on VAT reform to reduce complexity and fraud VIDA expected to bring extensive changes to VAT...
1 month ago
E-Invoice 02 – Implementation and Impact from 01.01.2025 – Franziska Karsten, LL.M.
E-Invoice (E-Rechnung) to be implemented from 01.01.2025 Aim is to promote digitalization in business processes E-Invoice is first step towards future real-time reporting obligations to tax authorities E-Invoice must be...
1 month ago
Belgian Ministry of Finance Guidelines for Mandatory E-invoicing Implementation
E-invoicing will be mandatory in Belgium from January 1, 2026 Ministry of Finance clarifies details on invoice format, scope, and exchange methods Guidance and clarifications relate to the mandate going live on January...
1 month ago
Navigating the E-Invoicing Landscape: Updates from Ireland
The Irish Department of Finance is considering making e-invoicing mandatory for B2B and B2G transactions. A new consultation in July 2024 focused on modernizing the VAT administration system, with plans to accelerate e...
1 month ago
The Power of Electronic Invoicing and Key Stakeholders
Electronic invoicing is the exchange of electronic invoice documents between a supplier and a buyer, typically related to value-added tax (VAT) or sales tax regimes. The parties involved include the supplier, buyer, tax...
1 month ago
Malaysia National E-Invoicing Open Day on July 16
The MDEC is hosting an event to increase awareness and collaboration between businesses and e-invoicing service providers in preparation for the national e-invoicing mandate taking effect on August 1. The mandate will...
1 month ago
Ministry of Finance starts further consultations on the National Security and Fundamental Rights Organisation (KSeF)
The Ministry of Finance and the National Revenue Administration are starting another cycle of consultations on the National e-Invoice System. The aim is to discuss legal regulations and business solutions leading to the...
1 month ago
Saudi Arabia’s FATOORAH Initiative: Mandatory e-Invoicing from 2025
Starting January 1, 2025, businesses in Saudi Arabia with VATable income over 7 million Saudi Rials in 2022 or 2023 must integrate their e-Invoicing systems with the FATOORAH platform. The FATOORAH initiative by ZATCA...
1 month ago
Belgium Issues New Guidance for 2026 B2B e-Invoicing Mandate
The Belgian Federal Public Service Finance has issued new guidelines for the upcoming mandatory B2B e-Invoicing requirement, effective from January 1, 2026. This directive will require all business-to-business...
1 month ago
Comarch Accredited as Peppol Service Provider in Malaysia
Comarch is now accredited by the Malaysia Digital Economy Corporation (MDEC) as a Peppol Service Provider, allowing us to offer Peppol e-invoicing solutions to businesses in Malaysia to help them comply with upcoming e...
1 month ago
Implementation of electronic invoicing and equivalent electronic documents in Colombia
This resolution modifies Articles 23 and 62 of Resolution 000165 of 2023, which deals with the implementation of electronic invoicing and equivalent electronic documents in Colombia. The key points are: Extension of...
1 month ago
E-Invoicing: Mandatory use of SIRE postponed from April 2024 to August 2024 for a specific group of taxpayers
Resolution (Resolución de Superintendencia N.° 000063-2024/SUNAT) issued by the National Superintendent of Customs and Tax Administration of Peru (SUNAT). The main purpose of this resolution is to postpone the...
1 month ago
Punjab Revenue Authority Amends Electronic Invoice Monitoring System Rules for Restaurants with Rs6 Million Revenue
Punjab Revenue Authority (PRA) has amended Electronic Invoice Monitoring System Rules 2019 Restaurants with annual revenue of Rs6 million now required to install electronic invoice monitoring system Amendment made with...
1 month ago
The Transformative Impact of AI on Sales Tax Compliance: Applications, Benefits, and Challenges
Artificial intelligence (AI) is transforming sales tax compliance processes Sales tax compliance involves adhering to regulations for collecting, reporting, and remitting sales taxes AI is used in data extraction...
1 month ago
Consultations on Simplifying KSeF System: Join Ministry of Finance on July 18 for Hybrid Meeting
Ministry of Finance and National Revenue Administration starting new cycle of consultations for KSeF system Goal is to discuss legal regulations and business solutions to simplify system First meeting on July 18 in...
1 month ago
Updated e-Invoicing FAQ for Aviation Industry: Key Changes and Clarifications by MIRB
MIRB issued updated FAQ for Aviation Industry on July 9, 2024 Concession for Suppliers regarding Buyer’s details in e-invoice for flight tickets or private air charters Suppliers allowed to input “NA”...
1 month ago
E-Invoicing & E-Reporting developments in the news in week 28/2024
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 NEW – Collection of E-Invoicing Guides –...
1 month ago
