Electronic Invoicing
Belgium Expands B2G Mandatory E-Invoicing – Will B2B Come Next?
In November 2021, a Draft Royal Decree was published by the Chancery of the Prime Minister of Belgium, aiming to expand the scope of the
Category: Value Added Tax
Tax Compliance
Five Tips for Stress-free IPT Registrations
Registering for Insurance Premium Tax (IPT) with tax authorities across Europe can be challenging and complex, particularly when multiple territories are involved. There are many
Electronic Invoicing
European Parliament Recommends Harmonising E-invoicing Across the EU
On 10 March, the European Parliament (EP) adopted a Resolution to the Commission’s Action Plan on fair and simple taxation supporting the recovery strategy, which
Electronic Invoicing
Poland’s E-Invoicing System: Latest Developments
Poland has been moving towards introducing the CTC framework and the system, the Krajowy System e-Faktur (KSeF), since early 2021. As of 1 January 2022,
Value Added Tax
Is IT Leading the Global Transformation of E-invoicing?
Governments throughout the world are implementing government mandated e-invoicing for its ability to facilitate compliance and track fraud quickly and efficiently. Driven by the continual
Tax Compliance
Pre-Filled VAT Returns: The State of Play in 2023
Update: 22 January 2024 by Tânia Rei Pre-Filled VAT Returns: Updates in 2024 In recent years, tax authorities worldwide have embraced digital transformation to streamline
Tax Compliance
Optimizing Supply Chain Management: Key B2B Import Considerations
Many businesses will now be involved in “cross border” transactions meaning that a business in one territory will sell and, often, deliver goods to a
Electronic Invoicing
Australia Boosts B2B E-invoicing
Unlike many other country initiatives that we have seen in the e-invoicing space recently, Australia does not seem to have any immediate plans to introduce
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
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
Value Added Tax
VAT in the Digital Age: A Single EU VAT Registration
In 2020, the European Commission (EC) adopted a four-year plan to develop a fairer and simpler taxation framework. The Action Plan aspires to tighten up
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
Value Added Tax
Customs Changes for Imports from the European Union into the UK
Whilst the UK leaving the European Union (EU) on 31 December 2020 seems like a long time ago, UK businesses still have to deal with
Value Added Tax
Origin of Goods – Claiming Relief on Trade Between the EU and UK
The EU-UK Trade and Cooperation Agreement (TCA) provides for tariff-free trade between the United Kingdom (UK) and the European Union (EU) but does not work
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
Value Added Tax
Trends: What’s Driving the Global VAT Landscape?
We recently launched the 13th Edition of our annual Trends report, the industry’s most comprehensive study of global VAT mandates and compliance controls. Trends provides
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