Regulatory Analysis

The upper house of the German Federal Parliament (Bundesrat) recently weighed in on the Growth Opportunities Act, which includes provisions related to mandatory e-invoicing, during its session on October 20. Currently, in Germany, issuing an electronic invoice requires the buyer’s consent. However, the new act aims to introduce mandatory e-invoicing for domestic B2B transactions with […]

On October 24, 2023, the Ministry of Finance in Poland published draft legislation amending the regulation on the scope of data included in the country’s VAT return (JPK_VAT) and opened a public consultation in relation to the draft law. The proposed amendments aim to adapt the VAT return to the mandatory e-invoicing via KSeF, and […]

Following a decision from the Romanian Constitutional Court, the Romanian President has signed into law the bill implementing mandatory e-reporting and e-invoicing from 2024. The now-enacted law maintains the January 2024 roll-out date for the e-reporting obligation as well as the July 2024 date for the implementation of e-invoicing. Furthermore, the 3-month grace period – […]

Israel is implementing a Continuous Transaction Controls (CTC) regime which was initially scheduled to roll out on January 1, 2024. On October 23, 2023, the Israeli Tax Authority (ITA) announced that the timeline has been extended to offer businesses more time to complete their technological development. According to the announcement, the ITA will allow deduction […]

Mauritius is now among the countries that have embraced mandatory e-invoicing, bringing forth robust technical standards for taxpayers. This transformation was initiated through the Finance Act of 2022, which introduced significant amendments to the VAT Act. As the latest update, in September 2023, the Minister of Finance issued the VAT E-invoicing Regulations which came into […]

Croatia has established and maintains a fiscalization system for cash transactions, and in February 2023. the Croatian Tax Authority announced its plans for the introduction of “Fiscalization 2.0” aimed at enhancing the existing system. Fiscalization 2.0 is set to introduce a decentralized e-invoicing model coupled with a continuous transaction control (CTC) reporting system for invoice […]

The tax authority through the First Anticipated Version of the 8th Resolution of Modifications to the Miscellaneous Tax Resolution for 2023 among others, modifies the Rule 2.7.1.7 relating to the Requirements of the printed representations of the CFDI, indicating that in the case of the CFDI to which the Carta Porte is incorporated, the structure […]

The updated timeline for the implementation of the French e-invoicing and e-reporting mandate has been shared. The timeline was previously postponed in July 2023, and no official new schedule was provided at that time. According to the amendment concerning the draft on Finance Law for 2024 filed on October 17, 2023, the new dates are […]

Estonia is planning changes to its Accounting Act to implement a customer-imposed B2B e-invoice mandate in accordance with the European e-invoicing standard. The intended changes are: To remove the reference to the Estonian e-invoice standard To give all accounting entities registered as receivers in the commercial register the right to demand an e-invoice that complies […]

Pursuant to Decree Law 4/2023, the zero-rate VAT rate that temporarily applied to supplies of face masks and gloves expired on September 30, 2023. The decree can be found here (in Spanish).

The Malaysian 2024 Budget, which is currently pending parliamentary approval, introduces changes to the implementation timeline of mandatory e-invoicing in the country. According to the new budget law, implementation will be delayed, and will follow the below schedule: For taxpayers with an annual turnover of revenue of more than RM100 million (appx. 20 million euros) […]

The Federal Ministry of Finance (MoF) has recently shared additional information on electronic invoicing which is among the proposed tax measures included in the Growth Opportunities Act. In July 2023, The MoF published its proposal to amend VAT law to introduce mandatory e-invoicing for domestic B2B transactions. The federal government approved this proposal in August […]

Zambia’s 2024 budget introduces amendments to the VAT law, paving the way for the implementation of an electronic invoicing system. The aim is to leverage technology to monitor transactions in real-time, with the goal of reducing the amount of fictitious invoices in circulation and reducing the VAT gap. Zambia already has a Tax Invoice Management […]

South Carolina imposes an additional tax on certain vehicles, including cars, aircraft, and boats, called the “Max Tax”. The Max Tax rate is 5% of the total purchase price, not to exceed a maximum of $500. As a result of a decision from the South Carolina Court of Appeals, the South Carolina Department of Revenue […]

Effective November 1, 2023, Tennessee will impose a permanent exemption on “firearm safes” and “firearm safety devices.” In previous years, Tennessee provided sales tax holidays on such items. As the definitions of eligible items under the permanent exemption are the same as those under the sales tax holiday, the sales tax holiday eligible items will […]

10/12/2023 Effective November 1, 2023, Baltimore County, Maryland will impose a $0.05 carryout bag fee for certain paper and reusable bags sold to a customer of qualifying retail establishments. The official language of Act may be found here.

The Turkish Revenue Administration continues to make arrangements in line with different sectoral needs. A significant update in this regard is the issuance of General Communique No. 550 on Tax Procedural Law (TPL) which amends General Communique No.509 on TPL concerning documents to be generated in electronic form. This communique was published in the Official […]

E-invoicing for B2B transactions is permitted but not yet mandatory in Canada. However, in the last years the Canadian government has been promoting e-invoicing and has introduced certain requirements. In 2021, it set up a task force within the Canadian Revenue Agency (CRA) to study the feasibility of a B2B e-invoicing mandate in Canada. The […]