Regulatory Analysis
Russia is introducing a new system for traceability of certain goods that will come into effect on 1 July 2021. Federal Law No. 371-FZ will amend the Russian Tax Code to introduce the new procedure for the traceability system, which will bring with it the introduction of mandatory e-invoicing for taxpayers dealing with traceable goods. […]
The Indian authorities have recently announced two significant changes related to its e-invoicing framework: While invoices relating to B2C transactions are not within the scope of mandatory e-invoicing in India, it is mandatory to include a self-generated QR code on B2C invoices. The Central Board of Indirect Taxes and Customs (CBIC) has now extended the […]
The National Revenue Agency (NRA) with industry stakeholders are discussing the idea of introducing mandatory e-invoicing. By the end of 2021 a decision will be reached. In parallel, changes for till reporting are proposed and are subject to public consultation. The changes will allow online retailers to not use cash registers but report their […]
The initial Saudi E-invoicing Regulation (Regulation) was enacted on 4 December 2020, but the details of the framework are yet to be published. The new framework is set to go live a year from now, on 4 December 2021, and will apply to all resident taxable persons, as well as any third party who issues […]
The Polish Ministry of Finance yesterday announced a timeline for its plans to introduce a Continuous Transaction Controls (CTC) scheme, with a roll-out to start at the end of 2021. By the end of 2021, e-invoicing via a centralized platform will be made available, but still remains optional for companies; from 2023 it will be mandatory for […]
Several months after a draft Decree on invoicing was published, the Vietnamese Government approved on 19 October 2020 the Decree 123/2020/ND-CP regulating invoices and documents. This Decree postpones the e-invoicing mandate until July 1, 2022. The new deadline is in line with the date of implementation of the rules concerning the e-invoicing system envisaged in […]
India’s e-invoicing mandate is live as of yesterday with a last minute 30 day grace period granted for taxpayers in scope to obtain invoice reference numbers. The grace period ends in November and as of November the requirement to include the IRN and the QR code on the invoices will be enforced, meaning that invoices […]
There have been regulatory changes related to the Indian e-invoicing system. The Central Board of Indirect Taxes and Customs (CBIC) issued two new Notifications on 30 July 2020: One of the Notifications is related to the technical aspect of the reform, and the second is related to the taxpayer scope of the mandate. After this […]
The Uruguayan tax administration (DGI) issued a new resolution (Resolution 1184/2020) to facilitate the registration of new taxpayers in the electronic invoicing system of the country. The new resolution also revokes the requirement to issue printed fiscal documents (transportation authorizations, invoices or tickets) in cases where the purchaser is registered as an electronic issuer of […]
The Chilean tax administration (SII) issued a new Resolution 74/2020 that regulates the issuance and delivery of electronic receipts, locally known as Boletas Electronicas. This regulation expands the mandate to issue electronic tickets in two phases: 1) September 1, 2020 for taxpayers that already are mandated to issue electronic invoices in Chile, and 2) March […]
The Peruvian tax administration (SUNAT) released Resolution 105-2020 by which it postpones the effective dates of several requirements related to the electronic invoice mandate of that country. This Resolution postpones until December 31, 2020, the mandatory use of OSE or the SEE-SOL portal of the SUNAT, for electronic issuers that as of December 31 of 2018 were […]
The IAPR and the Ministry of Finance have signed the long-awaited bill, which once turned into law will enforce the myDATA system within Greece. According to the IAPR’s announcement, the bill will specify: the scope of application, any exceptions, the data to be submitted, the time, methods of transmission and the specific obligations of businesses. […]
The Colombian tax administration (DIAN) has released Resolution 00042/2020, intended to establish new deadlines for complying with Colombia’s electronic invoicing mandate, and to consolidate in a single provision multiple regulations in matters of electronic invoicing. An important feature of this new resolution is that it also includes Technical Annex 1.7-2020, required to implement the mandate. […]
The Resolution N° 101800000026 establishing the electronic invoicing system (SFE) in Bolivia has been repealed, as the relevant authorities have recognized that taxable persons will not be able to adapt to the new rules and conditions set in the Resolution this year as envisaged. The Government has not yet announced a new date for the […]
A new JSON e-Invoice schema (v1.02) has been released by the Indian Tax Authority. The update includes only minor changes and no new fields. While version 1.02 is now available for testing, version 1.01 will continue as is for some time prior to being phased out.
The Ministry of Finance in Vietnam presented a draft Decree to postpone the mandatory adoption of e-invoicing in the country from November 1, 2020, to July 1, 2022, due to the difficulties encountered by local companies to implement on time a compliant e-invoice solution to meet the previous deadline. However, agencies, organizations, and individuals are encouraged […]
The government of Panama has enacted Decree 115/2020 by which it mandates that all taxpayers excluded from the obligation of using electronic fiscal machines attached to their POS systems will be required to issue pre-validated electronic invoices. The decree also establishes that this mandate will be effective on August 1, 2020 but the tax administration […]
A recently published official decision de facto amending the timeline for full Portuguese implementation of the Directive 2014/55/EU on electronic invoicing in public procurement has been published. According to the Despacho 129/2020-XXII, the Portuguese public administration will continue to accept B2G invoices in PDF format until June 2020. Until then, such PDF invoices will be considered legal […]