Regulatory Analysis
The tax authority through Notice 08-23, establishes the implementation schedule of electronic invoicing for large national taxpayers in the following terms: “To ensure the implementation in a smooth and orderly manner during the period stipulated in the Law, the Large National Taxpayers have been segmented according to the following schedule:” It is important to mention […]
The Malaysia Inland Revenue Board has published updated e-invoicing guidelines, which are now on version 2.0. The update includes details on new topics, namely transactions with buyers, disbursement and reimbursement, API overview, cybersecurity, currency exchange rate, cross-border transactions, self-billing, and others. Additional documentation was also published, namely an e-invoicing Data Catalogue, which provides for the […]
The Council of Ministers, which is the highest executive authority at a federal level, approved today a preliminary draft law that introduces mandatory B2B e-invoicing in the country. The draft introduces changes to the Value Added Tax Code to introduce a requirement for the issuance of structured electronic invoices between taxpayers. The requirement will cover […]
France is in the process of implementing a Continuous Transaction Controls (CTC) system which introduces mandatory e-invoicing for domestic B2B transactions and e-reporting obligations. In a recent meeting of the Communauté des Relais, the tax authority announced more details surrounding the previously communicated postponement of the B2B e-invoicing mandate in France. While the formal dates […]
On August 30, 2023, the German Federal Government approved the draft act (Growth Opportunities Act) published by the Ministry of Finance (BMF) on July 14, 2023, which includes, among others, the introduction of the nationwide B2B e-invoicing mandate. This marks the onset of the legislative process for the adoption of the draft act by the […]
The Saudi Arabian Tax and Customs Authority, ZATCA, announced the eighth wave of Phase 2 of e-invoicing. The eighth wave covers taxpayers with at least SAR 40 million (app. USD 10 million) revenue subject to VAT for 2021 or 2022. Taxpayers within this group are expected to integrate as of March 1, 2024. Phase 2 […]
Through Resolution 201-5160a, the tax authority established that on July 31, 2023, expired the deadline for request in a justified manner the exception to the Electronic Invoicing System, for those companies that provide goods and services to the Government. This request will be subject to a resolution of the General Directorate of Revenue in which […]
On August 4, 2023, the Polish President signed an Act amending the VAT Act and certain other laws which introduces mandatory e-invoicing via KSeF. This means that the e-invoicing mandate will enter into force on July 1, 2024, without any further postponements. The press information can be found here and the official announcement from the […]
The Ministry of Finance published a draft regulation amending the regulation on the use of KSeF from December 27, 2021, which is applicable to the voluntary phase of the e-invoicing system via KSeF. The draft regulation is open to public consultation until August 18, 2023, for businesses to submit their comments. The amended regulation on […]
The Ministry of Finance published an updated API for the test environment in KSeF (National E-Invoicing System) which supports both FA(1) and FA(2) schemas. From July to August 2023, both schema versions, meaning both FA(1) and FA(2), will apply in the KSeF test environment. The official announcement can be found here: API KSeF dla środowiska […]
On 31 July 2023, the French authorities published an updated version of the ‘External specifications file for electronic invoicing’, version 2.3, currently available only in French. The version 2.3 introduces new chapters and removes use case explanations which are now published as a separate new document. It also updates annexes which are attached as Excel […]
On 17 July 2023, the cabinet of the Belgian federal government failed to reach an agreement on the broader tax reform announced by the Minister of Finance, Vincent Van Peteghem on 2 March 2023, which aimed to introduce among other tax measures, the general obligation for B2B e-invoicing and e-reporting to reduce the country’s VAT […]
The Saudi Arabian Tax and Customs Authority, ZATCA, announced the seventh wave of Phase 2 of e-invoicing. The seventh wave covers taxpayers with at least SAR 50 million (app. USD 13 million) revenue subject to VAT for 2021 or 2022. Taxpayers within this group are expected to integrate as of February 1, 2024. Phase 2 […]
On July 28, 2023, the Sejm voted against the Senate’s veto which blocked the draft legislation introducing the national e-invoicing system, KSeF, on the grounds of it being unconstitutional. Following its adoption by Sejm and pursuant to the draft legislation, the e-invoicing obligation will come into force, as planned, on July 1, 2024, with some […]
France is in the process of implementing a Continuous Transaction Controls (CTC) system which introduces mandatory e-invoicing for domestic B2B transactions and e-reporting obligations. On July 28, 2023, the Directorate General of Public Finances announced that the roll-out date of the mandate is postponed in order to give the necessary time for taxpayers to comply […]
The European Commission (EC) authorized Germany to introduce special measures regarding mandatory electronic invoicing with its decision dated July 25, 2023. Germany plans to implement mandatory e-invoicing for domestic B2B transactions. According to the decision of the EC, Germany received the derogation from the VAT Directive from January 1, 2025, to December 31, 2027, or […]
The European Commission (EC) authorized Romania to introduce special measures regarding mandatory electronic invoicing with its decision dated July 25, 2023. Romania plans to implement mandatory e-invoicing for B2B transactions. According to the decision of the EC, Romania received the derogation from January 1, 2024, to December 31, 2026, or until the national transposition of […]
The Inland Revenue Board of Malaysia (IRBM) has issued a guideline today regarding the implementation details of the upcoming e-invoicing mandate. According to the guideline, Malaysia will adopt a CTC clearance model, set to begin in June 2024, involving around 4000 companies that meet the specified threshold. Under the new e-invoicing model, known as MyInvois, […]