Regulatory Analysis
The Kenya Revenue Authority (KRA) announced the second phase of the Tax Invoice Management System (e-TIMS). KRA aims to enhance the experience of taxpayers in managing their tax invoices. Under this phase, KRA will provide a software version of the system in order to allow additional ways of transmitting electronic invoices to KRA on a […]
March 2, 2023, The Minister of Finance, Vincent Van Peteghem, launched the proposal for the first phase of the broader tax reform in Belgium. The proposal, among different tax measures, introduces the general obligation for B2B e-invoicing and reporting, which aims to reduce the country’s VAT gap. As previously communicated by the Belgian administration, the […]
The Hungarian Tax Authority published in the test environment of the platform an update of the API documentation: Online Invoicing System 3.0 Interface Specification adding new ERROR message to be introduced in the Online Invoicing System. This blocking validation error refers to INVALID_LINE_OPERATION (Error 60) triggered where “MODIFY” is specified in the value of the […]
The Deputy Minster of Finance jointly with the governor of IAPR have in a recent press release announced a Decision amending the myDATA law (L. 1138/2020), whereby the deadlines for transmitting certain data generated in 2021, 2022 and 2023 are postponed, thus giving business more time to collect the data and transmit them according to […]
On the 16th February 2023, the Polish Ministry of Finance organized a conference to discuss upcoming changes to the draft bill introducing mandatory e-invoicing in Poland. While the legislative process is still ongoing, and will most likely last until June/July 2023, the Ministry of Finance has presented changes that are planned to be included in […]
The Swedish Agency for Digital Government (DIGG) would like mandatory e-invoicing to be introduced in Sweden. DIGG has, together with the Swedish Tax Agency and the Swedish Companies Registration Office, submitted a request that the Government research conditions for mandating e-invoicing in B2B flows as well as G2B flows (to be added to the current […]
According to an official announcement by the Ministry of Finance published on 2 February 2023, the go-live date of the mandatory e-invoicing system in Poland will be postponed from 1 January 2024 to 1 July 2024, giving taxpayers 6 more months to prepare for the new e-invoicing obligation. The VAT-exempted taxpayers will have time to […]
The French authorities published the updated version of the ‘External specifications file for electronic invoicing’. The new specifications introduced additional mandatory e-invoicing data, new and modified cases of use, amended frequency for e-reporting, retention of invoices by the public billing portal and other new explanations as well as examples for XML files.
The Saudi Arabian Tax and Customs Authority, ZATCA, has recently changed its approach to voluntary participation in Phase 2 of e-invoicing. Previously it has not been allowed to voluntarily start the implementation of Phase 2, however, with the update of the guideline published in December 2022, taxpayers now have the option to start following Phase 2 […]
The Greek Tax Authority (IAPR) has released an update to its MyDATA requirements with the publication of decision A. 1188/2022 on December 31, 2022. This new decision includes important changes to the transmission deadlines and sector-specific requirements for electronic data transmission to IAPR, as well as other updates to the MyDATA requirements. Here are some […]
The Saudi Arabian Tax and Customs Authority, ZATCA, has announced the second group required to comply with Phase 2 for E-invoicing. The second group of taxpayers are businesses with revenues subject to VAT which exceed half a billion riyals during 2021. The ZATCA will notify taxpayers in the group and this notification will provide taxpayers […]
The Portuguese State Secretary of Fiscal Affairs issued Order 8/2022 XXIII which, among others things, establishes a grace period for invoice reporting obligations, as well as another postponement of the requirement of application of a qualified electronic signature or seal on electronic invoices. The Order establishes a grace period during which penalties that concern the […]
The Saudi Arabian Tax and Customs Authority, ZATCA, has launched a “Cancellation of Fines and Exemption of Penalties initiative” for fines regarding late registration in all tax systems, late payment, late filing of returns fines in all tax systems, and fines to correct VAT returns, as well as fines for violations of VAT field control […]
As previously announced, the Serbian Minister of Finance published the Draft Law on Amendments to the Law on Electronic Invoicing on the 9th of November, alongside the Draft Laws on Amendments to the Law on Value Added Tax, Law on Fiscalization, and Law on Tax Procedure and Tax Administration. The changes introduced to the Law […]
The Serbian Minister of Finance (MoF) published the draft Law on Amendments to the Law on Fiscalization. The Law of Fiscalization regulates the so called “Fiscalization”, which is the procedure of fiscalization of the content of the fiscal account through an electronic fiscal device. The amendments to the Law on Fiscalization impacting the future e-invoicing […]
On the 1st of December the Ministry of Finance published draft legislation amending the Act of 11 March 2004 on tax on goods and services (Journal of Laws of 2022, item 931, as amended) – hereinafter referred to as the “VAT Act” regarding the introduction of mandatory invoicing in the National e-Invoice System (KSeF) hereinafter […]
The Lithuanian Ministry of Economy and Innovation announced its plans to build a technological solution that will support the transmission of electronic invoices by the European standard for electronic invoices. According to the project plan announced by the Ministry, the platform is expected to be available free of charge to businesses for at least five years and be ready […]
German government has previously announced its ambition to introduce a uniform nationwide electronic reporting system that will be used for the issuance and validating of invoices as well as forwarding them to buyers. German ministry of finance announced during the IDSt-Conference Digital Transformation in VAT held on 16th of November 2022 that Germany has applied for […]