Regulatory Analysis
The tax authority issued the RESOLUTION OF THE DEPUTY NATIONAL SUPERINTENDENCE OF INTERNAL TAXES No. 000017-2024-SUNAT/700000, which establishes that those who, being obliged to keep their records in the SIRE, have done so without observing the forms and conditions or have not done so for the periods of April, May, June and July 2024, will not […]
The Ministry of Industry and Productive Development through the Resolution 30/2024 updated the minimum amount that companies must meet to issue “Electronic Credit Invoice”. The authority updated the values of total sales for a company to be considered a MiPyme. The minimum amount from which companies must mandatorily issue an electronic credit invoice is also […]
On June 17, the Tax authority published an update of the technical documentation of the Carta porte in version 3.1. This version makes modifications and additions in various fields and incorporates the RegimenesAduaneros also affecting its printed representation. The update of the CFDI Filling Instructions with Carta Porte version 3.1 was published as follows: Motor […]
The new draft regulation amending JPK_VAT with a declaration (VAT return) has been published on 31st May 2024 by the Polish Minister of Finance (MoF). The draft amends the data included in the JPK_V7M and JPK_V7K returns and provides a new timeline, as follows: 1 Feb. 2026 to 1 Jul. 2026- no obligation to include […]
On May 22, 2024, the Turkish Revenue Administration (TRA) announced new mandatory fields for e-Archive reports. Effective July 1, 2024, the signature time, shipment information, and tax rate fields must be included in e-Archive Invoices and several other e-documents. Consequently, the e-Archive Package and Technical Guideline have been updated to reflect these changes. Additionally, the […]
The Communiqué Amending the General Communiqué on Electronic Ledgers (Serial No: 1) was published in the Official Gazette on May 21, 2024. Among other amendments, the deadline for ledger submissions has been changed. Previously, submissions had to be completed by the end of the third month following the relevant month for monthly submissions, and this […]
Pursuant to the Council of Ministers Decree ΚΔΠ 138/2024, the temporary zero VAT rate that applies to basic food and consumer items such as bread, milk, eggs, baby foods, coffee, sugar, baby and adult diapers, female hygiene products, and certain meats and vegetables is extended until June 30, 2024. This announcement was published on the […]
Pursuant to Laos Presidential Decree No. 003/PS signed on March 19, 2024, the standard VAT rate in Laos is increased from 7% to 10%. This Decree was published in the Lao Official Gazette on March 26, 2024. The Decree, as published in the Official Gazette, can be found here (in Lao).
On April 26, 2024, the Polish Ministry of Finance announced the new official implementation date for mandatory e-invoicing via KSeF during a press conference. The new timeline is as follows: 1 February 2026 – for taxpayers whose turnover exceeds PLN 200 million (approx. EUR 46 million) in the preceding year. 1 April 2026 – for all […]
Pursuant to Instruction No. 0339 as published by the Congolese Ministry of Finance, Budget, and Public Portfolio on March 18, 2024, non-resident suppliers of electronic services in the Democratic Republic of the Congo to both registered and non-registered customers are now required to register, collect, and remit VAT. Online marketplaces are also required to charge […]
On April 5, 2024, the Polish Ministry of Finance opened a public consultation regarding new schema specifications for JPK_PKPiR, JPK_EWP and JPK_ST, for: PIT taxpayers, and Taxpayers of the lump-sum income tax on certain incomes earned by individuals. These updates are due to the changes to the PIT Act and the Act on Lump-Sum Income […]
On April 3rd, the Polish Ministry of Finance (MoF) presented proposed changes to the VAT legislation affecting KSeF, along with draft interface specification v. 1.9 introducing new functionalities. These include the ability to issue invoices in offline modes and integrate PEF with KSeF. The public consultation about both drafts is now open until April 19th. […]
The schemas for the Norwegian Financial SAF-T have been updated to version 1.30 and are accessible here. Effective January 2025, compliance with the new schema version will be mandatory. Until then, entities are permitted to continue using the previous version, 1.2. Since 2020, Norwegian tax regulations mandate that Financial SAF-T files must be readily available […]
Following speculation on a possible expansion of the grace period of the Romanian e-invoicing mandate, the Romanian Ministry of Finance published today, 22nd March 2024, a Draft Government Emergency Order confirming their intention to defer the grace period. The Emergency Order proposes that the deadline for the application of penalties for non-compliance with electronic reporting […]
The German parliament passed The Growth Opportunities Act (Wachstumschancengesetz – the Act) today, concerning various tax matters, including a nationwide B2B electronic invoicing mandate. Originally the Act was set for a vote at the end of 2023 with January 2024 as enforcement date. However, the lack of consensus by the parliament in various provisions of […]
On March 18th, 2024, the Polish Ministry of Finance published a second draft act regarding JPK_KR, that requires additional data to be reported on the accounting records. The draft act impacts the content of JPK_KR (aka JPK_CIT), and is aimed to enter into force from 1 January 2025. The Ministry decided to split JPK_KR into two […]
Pursuant to Executive Decree No. 198 as issued by the President on March 15, 2024, the standard VAT rate in Ecuador is increased to 15% effective April 1, 2024. A copy of Executive Decree No. 198 can be found here (in Spanish).
Namibia is preparing to implement a VAT electronic invoicing system, aligning with global trends. As part of the 2024-2025 budget statement, the Ministry of Finance and Public Enterprises, in collaboration with the Namibian Revenue Agency (NamRA), announced plans to explore a VAT e-invoicing system that will connect business cash registers with the Integrated Tax Administration […]