Introduction of Electronic Standardized Invoice: The General Directorate of Taxes (DGI) announced that the electronic standardized invoice will be implemented starting January 2025, as discussed during an event...
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DG TAXUD worked with DG DIGIT to develop a Solution Architecture Template (SAT) for e-invoicing
Project Initiation and Goals: In September 2023, DG TAXUD launched the FPG 042 project group under the Fiscalis Programme to develop a Solution Architecture Template (SAT) for B2B intra-community e-invoicing reporting...
Group on the Future of VAT: Agenda and minutes of the 47th meeting (December 2, 2024)
Source聽Circabc Agenda 47th GFV meeting – 02-12-2024 1. Welcome and introduction 2. ViDA Package 鈥� Update on the state of play and Implementation 2.1. GFV N掳 141 ViDA Package. DRR Implementation – Preliminary...
Malaysia: Second Phase of E-Invoicing Mandate in 2025
Targeted Rollout for Medium-Sized Businesses: The Inland Revenue Board of Malaysia (IRBM) is launching the second phase of its e-invoicing mandate on January 1, 2025, focusing on medium-sized businesses with annual...
Romania’s 2025 Tax Compliance and E-Invoicing Changes
Mandatory B2C E-Invoicing: Starting January 1, 2025, Romania will require electronic invoicing for business-to-consumer (B2C) transactions to combat tax evasion and enhance transparency. A transitional phase allows...
ZATCA鈥檚 18th Wave of Taxpayers
Targeted Taxpayers: The Zakat, Tax and Customs Authority (ZATCA) has identified the criteria for the 18th Wave of e-invoicing integration, focusing on taxpayers with VAT-relevant revenues exceeding SAR 2 million in 2022...
The Role of E-Invoicing in U.S. Digital Tax Reporting
Current Landscape and Benefits: E-invoicing is gaining traction in the U.S., offering significant advantages such as improved cash flow management, enhanced accuracy, and streamlined tax compliance. Although not...
How U.S. Small Businesses Can Transition to E-Invoicing (Common Mistakes to Avoid)
Growth and Importance of E-Invoicing: The global e-invoicing market is projected to grow significantly, from $12.47 billion in 2023 to $62.68 billion by 2031, emphasizing the need for U.S. small businesses to adopt e...
E-invoicing Network Models
Types of Communication Models: E-invoicing utilizes various network models, ranging from 2-corner (direct point-to-point) to 5-corner systems, each defined by the number of communication nodes involved, affecting the...
Germany’s Upcoming Regulatory Changes in 2025
Shortened Invoice Retention Periods: Starting January 1, 2025, Germany will reduce the mandatory invoice retention period from 10 years to 8 years for invoices with retention obligations beyond December 31, 2024, while...
ViDA Initiative Drives Digitalization with E-Invoicing Pilot and Electronic VAT Certificates
Launch of OpenPeppol鈥檚 ViDA Pilot: OpenPeppol initiated a pilot program in December 2024 to test the 5-corner model for e-invoicing and digital reporting requirements under the ViDA framework, involving 101 participants...
Senegal鈥檚 Move Towards e-Invoicing: A Key Element of the 2025 Finance Bill
Mandatory E-Invoicing Introduction: The Directorate General of Taxes and Domains (DGID) in Senegal plans to implement mandatory electronic invoicing for all commercial transactions starting with the 2025 Finance Bill to...
Nationwide Digital E-Fapiao Rollout Implemented on December 1, 2024
Nationwide Implementation: As of December 1, 2024, China鈥檚 State Taxation Administration has fully implemented the digital e-fapiao system, allowing all taxpayers to issue electronic invoices. Expansion to Civil...
RTC Webinar Recap: The 17th Wave of FATOORA e-Invoicing Compliance in Saudi Arabia
Gratitude to Participants: RTC extends heartfelt thanks to all participants of the “17th Wave of FATOORA” webinar, whether they attended live or plan to watch the sessions later, providing essential...
Portugal’s 2025 Budget Affects E-Invoicing Regulations
Budget Approval: On November 29, 2024, the Portuguese Parliament approved the 2025 state budget, impacting tax and e-invoicing regulations. PDF Invoices Accepted: Taxpayers can continue submitting PDF invoices as...
Publication of Peppol Specifications for MY PINT Specifications
Updated Specifications Released: Peppol has published version 1.1.0 of the Malaysian billing specifications, which now include updated guidelines for invoice, credit note, self-billing invoice, and credit note...
Senegal Advances Mandatory e-Invoicing with 2025 Finance Bill to Curb Tax Fraud
Senegal is set to introduce mandatory electronic invoicing for all commercial transactions as part of the 2025 Finance Bill The initiative by the Directorate General of Taxes and Domains aims to combat tax fraud and...
Recap: 17th Wave of FATOORA e-Invoicing Compliance in Saudi Arabia
RTC expressed gratitude to all participants of the 17th Wave of FATOORA e-Invoicing Compliance webinar in Saudi Arabia The event provided a platform for understanding the e-Invoicing system in Saudi Arabia with guidance...
Turkey Implements New Central System for e-Invoices and e-Waybills
The Turkish Revenue Administration has announced a new central application for e-invoices and e-waybills starting December 14, 2024 The new system aims to improve communication between the Sender Unit and the Mail Box...
Who Now Asks for Electronic Invoices in Restaurants?
Since January 1, 2025, electronic invoices are mandatory for transactions between domestic businesses Many business owners are just realizing the challenges of implementing electronic invoicing Electronic invoices are...
Argentina Implements New E-Invoicing Rules for Foreign Currency Transactions
The Argentine Official Gazette published General Resolution No. 5616/2024 on December 18, 2024, focusing on e-invoicing and voucher issuance procedures The resolution mandates recording the exchange rate on receipts for...
Streamlining Romanian Business Invoicing with e-Factura from 2024
Mandatory e-Factura System: Starting July 2024, businesses in Romania must use the e-Factura system for all B2B transactions. Non-compliance will result in penalties ranging from 鈧�1,000 to 鈧�2,000, particularly for large...
Ensuring E-Invoice Reception Without Technical Upgrades by 2025
The end of the year is approaching and by 2025 all companies and self-employed individuals must ensure they can at least receive genuine electronic invoices Many are hesitant about the costs of acquiring suitable...
BMF Releases New FAQ List on E-Invoicing Implementation by 2025
The German Federal Ministry of Finance has released a FAQ list for the introduction of electronic invoicing starting in 2025 The list is based on a document from the ministry dated October 15, 2024 It includes...
Estonia鈥檚 E-Invoicing Updates: Key Changes for 2025 and Beyond
Mandatory E-Invoicing by 2027: The Estonian Ministry of Finance aims to implement mandatory e-invoicing for domestic B2B transactions by 2027, with legislation expected in June 2025 after public consultations. This...
November 2024 release of A-NZ Peppol v1.0.12 and PINT A-NZ Billing v1.1.0
Peppol Specifications Update: Peppol Authorities released the A-NZ Invoice and Self-Billing specifications v1.0.12 and PINT A-NZ v1.1.0 in November 2024, with mandatory adoption from March 10, 2025, aligning with Peppol...
Revision of the European E-Invoicing Standard
Revision of EN 16931-1 Standard: CEN鈥檚 Technical Committee 434 (CEN/TC 434) is revising the EN 16931-1 e-invoicing standard to align with upcoming legislative changes, including the ViDA proposal and Germany鈥檚 B2B e...
DGFiP to become Peppol Authority for France
Peppol Authority Announcement: On December 13, 2024, it was announced that France will establish its own Peppol Authority, marking a significant milestone in developing the French Continuous Transaction Controls (CTC)...