In Greece, the business transaction landscape has been transformed by the introduction of the MyDATA platform, created by the IAPR to digitize invoices and accounting statements. All companies established in Greece and...
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Press Release: E-Invoicing Exchange Summit Dubai: Accelerator for Digitization
Switzerland, December 2024 鈥揟he Middle East and Africa are experiencing a rapid evolution in E-Invoicing and VAT reporting. Following the success of the 2nd E-Invoicing Exchange Summit in February 2024, the event will...
OpenPeppol to Act as Interim Peppol Authority for France’s e-Invoicing
Approval of Key Decisions: The OpenPeppol Managing Committee approved Internal Regulations Part II, which sets a standardized foundation for the Peppol Network. OpenPeppol will act as the interim Peppol Authority for...
FBR Integrates FMCG Sector with Digital Invoicing to Enhance Tax Compliance
FBR integrates FMCG sector with digital invoicing system to enhance transparency and compliance Integration aims to streamline tax collection and improve documentation Sales Tax General Order No 2 of 2024 issued on...
India Lowers Threshold for Mandatory E-Invoicing to INR 10 Crores
India increases the scope of mandatory e-invoicing Starting from 1 April 2025, businesses with annual turnover over INR 10 crores must report e-invoices within 30 days The announcement was made on 5 November 2024...
Indonesia’s e-Faktur System: Revolutionizing Electronic Tax Invoicing
Indonesia’s e-Faktur system is a significant update to the country’s tax and billing processes Managed by the Directorate General of Taxes, e-Faktur aims to increase transparency, efficiency, and compliance...
Italy Advances Customs Processes with Mandatory Digital Declarations System
Italy is implementing a new digital system for customs declarations starting December 2, 2024, for exports and January 21, 2025, for transit Businesses must use this system which involves XML message exchanges with...
North Macedonia Considers VAT Exemption Bill for Services and E-Invoicing Procedures
The North Macedonian Assembly accepted Bill No. 08-6043/1/2024 on December 11 for consideration The bill proposes amendments to VAT provisions It includes measures to exempt VAT on services and transactions such as...
Spain’s New Invoicing Software Requirements to Combat Tax Fraud
In Spain, a ministerial order came into effect on October 29th, establishing the technical, functional, and content aspects that billing process computer systems must adopt, as well as the standardization of payment...
Costa Rica Advances Tax Compliance with E-Invoicing Digitalization
Costa Rica introduced new e-invoicing regulations on November 8th to enhance tax compliance and streamline processes between taxpayers and the General Tax Directorate Key updates include the electronic payment receipt...
New Zealand Introduces Enhanced E-Invoicing Rules for Public Sector
New Zealand Government published additional e-invoicing rules Rules released by the Ministry of Business, Innovation and Employment on 18th November 2024 New rules set payment deadlines at 5 business days for e-invoices...
Draft Report on Amending VAT Rules for the Digital Age Directive
The Committee on Economic and Monetary Affairs discussed a draft report on amending VAT rules for the digital age The Commission introduced the VAT in the digital age package on 8 December 2022 which includes three...
Launching e-Tamga for Automated VAT Balance Calculation: Kazakhstan’s Pilot Project
The Committee of State Revenues of the Ministry of Finance of Kazakhstan has developed a draft order for the approval of rules and timelines for implementing a pilot project on automated VAT balance calculation using...
Ireland Advances Towards Mandatory Electronic Invoicing and Enhanced VAT Reporting
Ireland is updating its invoicing and VAT reporting systems The focus is on mandatory electronic invoicing for intra-community transactions Plans include standardized digital reporting and real-time VAT reporting...
Portugal: Extension of PDF Invoices as e-Invoices Until 31 Dec 2025
The Portuguese Parliament approved the State Budget for 2025, confirming that PDF invoices will remain valid as electronic invoices for tax purposes until December 31, 2025. Starting January 2026, businesses will be...
E-Invoicing: Data Scope, Attachments, and Audit Corrections in the Final BMF Directive
The E-Rechnung is a structured electronic data format mandatory in the B2B sector from January 1, 2025 The ZUGFeRD standard, a hybrid invoice format, is likely to become widely used ZUGFeRD offers four compatible...
Implementation of VIDA Package Won’t Alter KSeF Operating Rules in Poland
From February 2026, major Polish companies will be required to issue e-invoices in the KSeF system, with other businesses following in April 2026 Discussions are ongoing at the EU level regarding the VAT in Digital Age...
Adopting Peppol e-Invoicing in Japan: Benefits and Implementation Insights
Japan adopted Peppol BIS Billing 3.0 standard for e-invoicing under its Qualified Invoice System on October 1, 2023 The system allows standardized electronic invoice exchange and ensures compliance with consumption tax...
MF: Implementation of the VIDA package will not change the rules of operation of the KSeF
Entrepreneurs will not have additional obligations related to the implementation of the EU VIDA package from 2035. The Ministry of Finance is making every effort to ensure that the solutions proposed at the EU forum do...
Estonia’s E-Invoicing Evolution: Key Changes Set for 2025
Estonia has been a leader in digitalizing public and private sector processes, adopting electronic invoicing in 2019 for B2G transactions E-invoices are digital, machine-readable formats that allow automatic transfer...
EU Updates E-Invoicing Standard EN 16931 Following VAT Reforms for 2030
The VAT in the Digital Age reforms were approved These reforms include 2030 intra-community e-invoicing The European standards organization CEN is updating the EU e-invoicing standard EN 16931 A new version of the...
GENA highlights advocacy, expansion and Peppol cooperation
GENA (Global Exchange Network Association) is advancing its global advocacy and cooperation with Peppol, as discussed in its recent Annual General Assembly in Brussels, where Secretary General Marcus Laube highlighted...
France set to become a Peppol Authority
The future Peppol authority in France will oversee the interoperability of Partner Dematerialization Platforms (PDPs) and ensure readiness for the upcoming e-invoicing mandate, as announced during a plenary meeting of...
NBR Suspends Online VAT Services for Network Migration Dec 19-23
Online VAT services will be unavailable from December 19 at 7 am to December 23 This suspension is due to a network migration lasting 96 hours Affected services include online tax payment, e-payment, and tax...
The Cabinet published additional e-invoicing rules for adopting the e-invoicing model in public sector
New Procurement: On November 18, 2024, the Ministry of Business, Innovation & Employment (MBIE) introduced new rules aimed at improving government payment times for domestic trade invoices, mandating payment...
Serbia publishes amended E-Invoicing Law
Law Publication and Timeline: The amended Law on E-Invoicing no. 94/2024 was published on 28 November 2024 and will take effect on 15 December 2024, with most obligations starting on 1 January 2025. Specific provisions...
France鈥檚 e-Invoicing Evolution: Peppol Framework and the 2026 Mandate
Peppol’s Designation: The French Tax Authority (DGFiP) has appointed itself as the French Peppol Authority, establishing Peppol as a key element of France’s e-Invoicing mandate, emphasizing interoperability...
Senegal’s DGID to Mandate Electronic Invoicing by 2025 in Finance Bill
The Directorate General of Taxes and Domains of Senegal is preparing to introduce mandatory electronic invoicing This requirement will apply to all commercial transactions The new rule is part of the 2025 Finance Bill...