Malaysia: CTC Mandate Flexibilization
The Inland Revenue Board of Malaysia (IRBM) released a press note today introducing a set of measures for the flexibilization of the upcoming e-invoicing obligation,
Region: EMEA
Electronic Invoicing
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.
Israel: New Invoicing Documentation Published
The Israeli Tax Authority (ITA) has released a new version of its documentation on invoicing services. The updated document introduces enhanced services and explains alternative
Slovenia: Proposal to Introduce Mandatory B2B e-Invoicing Published
Slovenia has released a draft proposal for the Act on the Exchange of Electronic Invoices and Other Electronic Documents, aiming to implement mandatory Continuous Transaction
Poland: News on KSeF from MoF Pre-Consultation
Yesterday, 18 July 2024, the Polish Ministry of Finance (MoF) held a pre-consultation with businesses and other stakeholders regarding potential changes to the upcoming e-invoicing
VAT Compliance Germany
VAT Compliance in Germany: An Overview for Businesses Tax compliance in Germany is fragmentary by nature and requires resources to ensure compliance. Consider that compliance
e-invoicing Germany
e-invoicing in Germany Germany, like many European countries, is on its way to implementing electronic invoicing requirements for domestic taxpayers of all shapes and sizes.
IPT
The Impact of Climate-Related Events on Insurance Premium Tax (IPT)
Climate related events impact all industries; the insurance industry is no exception. Here’s how it’s affecting Insurance Premium Tax.
Belgium: Guidelines Issued for Mandatory B2B e-Invoicing Starting 1 January 2026
The Belgian Federal Public Service Finance has published the official guidelines for mandatory B2B e-invoicing, which will take effect on January 1, 2026. Here are
Greece: myDATA Technical Specifications Update v.1.0.9
The Greek Tax Authority’s (AADE) has published an updated version of the Greek technical specifications for the myDATA e-accounting system. This is version 1.0.9 of
Saudi Arabia: New Taxpayer Group in Scope of Phase 2 of e-Invoicing Announced
The Saudi Arabian Tax and Customs Authority, ZATCA, announced the 13th wave of Phase 2 of e-invoicing. The 13th wave covers taxpayers with at least SAR 7 million (app. USD 1.8
IPT
Hungary Insurance Premium Tax (IPT): An Overview
Regarding calculating Insurance Premium Tax (IPT), Hungary is the only country in the EU where the regime uses the so-called sliding scale rate model.
Romania: E-transport Extended Grace Period for Authorized Economic Operators
On June 28, 2024, the Romanian government issued a new Government Emergency Order postponing the grace period for the e-transport mandate for international transport of
Finland: Insurance Premium Tax Rate Change
On 28 June 2024, the Finnish Parliament approved the amendments to the Insurance Premium Tax (IPT) according to the government proposal (HE 61/2024). With the
Cyprus: Temporary Zero Rate on Basic Items Extended Until September 30, 2024
Pursuant to the Council of Ministers Decree KDP 231/2024, the zero VAT rate that temporarily applies to basic food and consumer items such as bread,
Greece: Reduced VAT Rates on Various Goods and Services Made Permanent
Pursuant to the Greek Ministry of Finance announcement on June 20, 2024, the temporary 13% reduced VAT rate in Greece that applied to the supply
Romania: Clarifications Regarding the e-Transport Mandate
On June 27th, a new Joint Order from ANAF and AVR, on the Romanian e-transport system, was published. The new Order clarifies previously unregulated aspects
News
Sovos and PwC Ireland Join Forces to Transform Business-to-Business E-Invoicing and E-Reporting Implementation
(London – June 25, 2024) Sovos, the always-on compliance company, today announced a joint business relationship (JBR) with PwC Ireland, leveraging both organisations’ complementary tax