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VAT in the Digital Age Approved in ECOFIN

The long-awaited VAT in the Digital Age (ViDA) proposal has been approved by Member States’ Economic and Finance Ministers. On 5 November 2024, during the Economic and Financial Affairs Council (ECOFIN) meeting, Member States unanimously agreed on adopting the ViDA package. This decision marks a major milestone in modernizing the VAT Directive, setting the stage […]

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what is peppol
What is PEPPOL?

What is Peppol? Peppol began in 2008 as an effort to standardize public procurement in governments across the European Union.

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What are Continuous Transaction Controls (CTCs)?
Continuous Transaction Controls (CTC): The Future of Compliance

One key development shaping the future of tax compliance is the rise of Continuous Transaction Controls (CTCs). CTCs represent a shift in how governments monitor and enforce tax compliance, requiring businesses to submit transaction data to tax authority systems on an ongoing basis.  The models differ drastically from traditional, post-transaction tax reporting systems, where businesses […]

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Slovenia B2B e-invoicing
Slovenia Proposes Mandatory B2B E-Invoicing and CTC E-Reporting

The Government of the Republic of Slovenia has released a draft proposal to implement mandatory e-invoicing and e-reporting for B2B and B2C transactions. This implementation would mark a significant shift in the country’s e-invoicing landscape. Should the proposal be approved, taxpayers will be subject to a two-fold obligation: they must issue and exchange B2B invoices […]

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InvoiceNow
InvoiceNow Brings Mandatory E-Invoicing to Singapore

The Inland Revenue Authority of Singapore (IRAS) has announced the implementation of a phased adoption of InvoiceNow, the national e-invoicing framework based on the Peppol network, for GST registered businesses starting voluntarily in May 2025. The mandate will cover B2B transactions only, as the government is expected to make B2G mandatory in the coming years.

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e-invoicing
Embrace E-Invoicing for Better Business Decisions

There is a considerable shift happening across the globe right now as governments and tax authorities are embracing e-invoicing as a method of ensuring the accuracy of transactional data. An $11.2 billion dollar market in 2022, e-invoicing is expected to reach $35.9 billion by 2028. [source: ResearchAndMarkets] There is a simple reason for this. Governments […]

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e-invoice
The Truth is in the Transaction: How the E-Invoice Ties the Global Economy Together

Let’s begin with a basic premise. When it comes to tax compliance, you may trust your data, however, the government does not. Businesses may aspire to develop perfect visibility into business operations, but good visibility will often be good enough for meeting business objectives. Data insight is a relative rather than an absolute goal: it […]

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Understanding the French E-Invoicing Mandate Delay: Five Ways to Make it Work for You

When it was announced recently that the introduction of a new French e-invoicing mandate had been delayed until September 2026 there was a collective sigh of relief amongst many in the tax and finance world. More time to adequately prepare, put systems and methodologies in place and have your business ready to be compliant from […]

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E-documents, database directories, and the concept of a paperless office A businessman works on his cell phone while viewing an electronic document on a virtual screen.
Types of e-documents

E-documents or electronic documents are rapidly growing in usage across businesses of all shapes and sizes, in countries around the world. While the automated exchange of e-documents is a relatively new phenomenon which is being adopted on a country-by-country basis, there is basic universal information that your business would benefit from understanding – and potentially […]

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view on city in Chile
Chile: Changes in the Electronic Ticket for Sales and Services

The Chilean Internal Revenue Service (SII) recently published version 4.00 of the document describing the format of electronic tickets for Sales and Services. The electronic ticket (or Boleta Electrónica) is an electronic receipt issued for the sale of goods or services to individuals, consumers or end users. The document includes basic information about the transaction, […]

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France: B2B E-Invoicing Mandate Updates

Extension of the implementation dates of the B2B e-invoicing Mandate. Update: 9 December 2024 On September 15th, 2024, the French Tax Authorities published a Press Release announcing a profound change in the upcoming French Mandate for electronic e-invoicing & e-reporting.  Indeed, the Public Portal (aka PPF) will no longer provide e-Invoicing Services, making it compulsory […]

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Malaysia E-Invoicing system
Malaysia’s E-Invoicing System: Timeline

Confirmation of Sovos Accreditation Sovos has been granted accreditation as a Peppol Service Provider by the Malaysia Digital Economy Corporation (MDEC). We are authorized to register end-user participants in Malaysia Service Metadata Publisher (SMP). Peppol Service Providers, or Peppol Access Points (APs), are tasked with establishing and managing the connectivity gateways that serve as access nodes […]

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Cable car cabins moving above Porto city and Douro river at sunset, Portugal - stock photo
Portugal B2G E-invoicing

The Portuguese government has been working on introducing mandatory B2G (Business-to-Government) electronic invoicing in recent years, alongside other obligations for the digitization of VAT compliance in the country. This aligns with the European Union’s efforts towards harmonising the adoption of e-invoicing in public procurement. To achieve this goal, the EU has implemented Directive 2014/55/EU to outline […]

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Sunset, Santo Domingo, Domenican Republic, large sun, cloudy sky, orange mood, mountains in background, romantic urban scape.
Dominican Republic: E-Invoicing Law Published

The Electronic Invoicing Law of the Dominican Republic was published on 17 May 2023, mandating e-invoicing throughout the territory as of 18 May 2023. The law was published in the Official Gazette, whose purpose is to regulate the mandatory use of electronic invoicing in the Dominican Republic, including the establishment of the electronic invoicing tax […]

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Aerial view of the residential Eixample district of Barcelona, Catalonia, Spain
Spain: B2B E-invoicing Draft Regulation Published

The Spanish government has published the much-anticipated draft regulation with the framework for implementing mandatory B2B e-invoicing. The proposed legislation outlines the operation of the Spanish e-invoicing system. Its main feature is the reliance on the principles of interoperability of e-invoice formats and interconnectivity of e-invoicing platforms. The goal is to promote digitalization (particularly for […]

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Asia, China, Shanghai, Nanpu bridge illuminated at night, elevated view.
Asia Pacific E-invoicing

According to the latest global market report, Billentis, the Asia Pacific region is expected to achieve the highest annual e-invoice volume growth rates compared to Latin America and Europe until 2025. This is mainly because the Asian market, outside of South Korea, is new to the tax digitization journey and is accelerating the adoption of e-invoicing as […]

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Female Asian traveler exploring nightlive in Okinawa, Japan
Japan: New e-Invoice Retention Requirements

Japan’s new e-invoice retention requirements are part of the country’s latest Electronic Record Retention Law (ERRL) reform. Along with measures such as the Qualified Invoice System (QIS) and the possibility to issue and send invoices electronically via PEPPOL, Japan is implementing different indirect tax control measures, seeking to reduce tax evasion and promote digital transformation. […]

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a Views of the old town of Bilbao and the estuary
Bizkaia: What is TicketBAI Invoicing?

What is TicketBAI? TicketBAI is a joint project of the Provincial Treasuries and the Government of the Basque Country with the objective of implementing a series of legal and technical obligations for the taxpayers’ invoicing software. These obligations allow the tax authorities to control their economic activities, especially those in the sector of sales of […]

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