Electronic Invoicing
India Expands E-invoicing Scope From 1 April 2022
On 24 February 2022, the Indian Central Board of Indirect Taxes and Customs (CBIC) issued a notification (Notification No. 01/2022 – Central Tax) that lowered
Category: Electronic Invoicing
Electronic Invoicing
Spain: New Invoicing and Billing Software requirements
Update: 7 December 2023 by Carolina Silva Spain Establishes Billing Software Requirements The long-awaited Royal Decree, establishing invoicing and billing software requirements to secure Spanish
Electronic Invoicing
South Korea Expands Mandatory E-invoicing Scope
South Korea has an up-and-running e-invoicing system that combines mandatory e-invoicing with a continuous transaction controls (CTC) reporting obligation. This mature and well-established system, launched
Electronic Invoicing
Vietnam: E-invoicing Roll-Out in July 2022
During the last decade, the Vietnamese government has been developing a feasible solution to reduce VAT fraud in the country by adopting an e-invoice requirement
Electronic Invoicing
Saudi Arabia: ZATCA Announces Revised Penalties for Non-compliance with VAT and E-invoicing Rules
On 30 January 2022, the Zakat, Tax and Customs Authority (ZATCA) published an announcement on its official web page concerning penalties for violations of VAT
Electronic Invoicing
Turkey Expands Scope of E-Documents
Towards the end of 2021, the tax authority in Turkey published a draft communique that expands the scope of e-documents in Turkey. After minor revisions,
Electronic Invoicing
China Introduces Fully Digitized E-Invoice with New Pilot Program
The Tax Bureaus of Shanghai, Guangdong Province and Inner Mongolia Autonomous Region have all issued announcements stating they intend to carry out a new pilot
Electronic Invoicing
Latest Updates in Romania: B2B E-invoicing Mandate for High-risk Products and E-transport System
With the most significant VAT gap in the EU (34.9% in 2019), Romania has been moving towards introducing a continuous transaction control (CTC) regime to
Electronic Invoicing
Eastern Europe: The Rise of CTCs
In a blog post earlier this year, we wrote about how several Eastern European countries have started implementing continuous transaction controls (CTC) to combat tax fraud and
Electronic Invoicing
Poland’s E-Invoicing Reform: Overview of KSeF System
Since earlier this year, when the first draft continuous transaction controls (CTC) legislation was published in Poland, there’s been good progress in the development of
Electronic Invoicing
The Future of E-Invoicing in Europe
Several EU Member States have been introducing continuous transaction controls (CTCs), aiming to close their VAT gaps, increase revenue and have more control over the
Electronic Invoicing
Your Questions Answered: Saudi Arabia E-Invoicing Mandate
In our recent webinar, the team at Sovos discussed the upcoming Saudi Arabia e-invoicing mandate. The webinar covered the finalised rules for Phase 1 of
Electronic Invoicing
Saudi Arabia: New Fines for Non-compliance with E-invoicing Rules
Phase 1 of the e-invoicing system will be live in less than three weeks. While many businesses are still implementing a solution, the Saudi tax
Electronic Invoicing
Turkey Expands Scope of E-Documents
The Turkish Revenue Administration (TRA) published a Draft Communique that includes significant changes to the Tax Procedure Law General Communique No. 509, which initially aimed
Electronic Invoicing
Italy e-invoicing: Are More Requirements on the Horizon?
Italy first introduced its e-invoicing mandate in 2019 and in 2022 they are introducing a new continuous transaction control obligation for reporting cross-border invoice data.
Electronic Invoicing
Germany: Mandatory B2B E-Invoicing
Update: 25 June 2024 by Dilara İnal Ministry Publishes Draft Guideline on B2B E-Invoicing The German Ministry of Finance (MoF) released a draft guideline on
Electronic Invoicing
Understanding E-Commerce Tax Legislation in Asia Pacific
The global e-commerce market continues to transform in today’s digital world. E-commerce transactions consist of a variety of digital services and products such as software,
Electronic Invoicing
Proposed Amendments to Saudi Arabia’s VAT Implementation Regulations (VATIR): What is Changing?
The Saudi Authorities are proposing changes to the VAT Implementation Regulations (VATIR). The proposed changes are open to public consultation, with interested parties able to