Regulatory Analysis
Poland’s Ministry of Finance announced today the postponement of its e-invoicing mandate. Originally scheduled for July 2024, the initiative has been postponed indefinitely due to major errors identified in the KSeF system. The Minister of Finance emphasized that the current technical status of the KSeF system poses substantial challenges, preventing its secure implementation in Poland. […]
National Informatics Centre (NIC) announced on 5 January 2023, e-waybill generation will not be allowed without e-invoice details starting from 1 March 2024. In India, it is mandatory for taxpayers exceeding a certain threshold to generate electronic invoices for B2B and B2G transactions. Suppliers falling within the mandatory scope of e-invoicing must generate e-waybills relating […]
The draft legislation on 28 December 2023 introducing mandatory B2B e-invoicing in Belgium has been made publicly available and is now awaiting the Belgian Parliament’s approval. After its approval, the e-invoicing mandate is planned to enter into force from 1 January 2026 and impact all VAT-registered taxpayers established in Belgium. The taxable persons who are […]
The previously proposed delays to the roll-out schedule of the French e-invoicing mandate should now be considered as finalized, following a push from the French Government yesterday to move the Finance Law for 2024 to a vote without a prior debate, thereby closing the door to further amendments. As part of the Finance Law for […]
Following the recent enactment of the law implementing the B2B e-reporting and e-invoicing mandate in Romania, a draft amendment has been published by the Ministry of Finance, on December 13, 2023, introducing some new requirements to the existing mandate. Among other measures and clarifications, the draft law aims to implement the following obligations: A new […]
On December 8, 2023, at the second reading, The Council of Ministers in Belgium approved a draft law regarding the introduction of mandatory B2B structured electronic invoicing. This means that the legislative process is moving forward with January 1, 2026, as the intended go-live date of the mandate. The preliminary draft law is awaiting the […]
Following the recent developments in China regarding the Pilot Program for e-Invoicing, whereby the program has been expanded to new provinces and cities in November 2023, the last province of Tibet has now been added to the Pilot Program for issuing fully digitalized electronic invoices (e-fapiao) among selected taxpayers. Therefore, from December 1, 2023, the […]
The Turkish Revenue Authority (TRA) issued a circular on November 29, 2023, announcing that the deadline for the creation and signing of e-ledgers and submission of e-ledgers to TRA system has been extended to provide taxpayers additional time to fulfill these obligations. Originally due on 30 November 2023, the deadline has now been updated as […]
On November 26, the Ministry of Finance published two long-awaited draft acts regarding mandatory e-invoicing via KSeF. Draft Regulation on the use KSeF, covering: verification codes (i.e. QR codes): included on the invoices sent to the buyer outside of KSeF and in the event of system or taxpayer failure to connect with KSeF (offline modes). […]
The Kenya Revenue Authority (KRA) announced on November 17, 2023, that business expenditures not supported by tax invoices generated through the Electronic Tax Invoice Management System (eTIMS) will not be eligible for tax deductions starting from January 1, 2024. All entities conducting business in Kenya, irrespective of their VAT registration status, are mandated to accept […]
Among the main changes and regulations established by the resolution are: Technical Annex 1.9 of the electronic sales invoice • It incorporates new fields and validations for generation and transmission, as well as for registration as a security in the RADIAN. • It establishes that the subjects obliged to invoice must adopt this version within […]
On November 1st, the Tax Authority issued the Resolution 000165 which the invoicing system is developed, the technology providers, version 1.9 of the technical annex of electronic sales invoice is adopted, technical annex 1.0 of the Electronic Equivalent Document is issued and other provisions are issued regarding the invoicing system. It is important to note […]
The tax authority issues the Guide to Accept the Proposal from the SIRE (Integrated System of Electronic Records). SISTEMA INTEGRADO DE REGISTROS ELECTRONICOS – SIRE | Comprobantes de Pago Electrónicos (sunat.gob.pe)
The Ministry of Finance plans to develop a platform for sending, receiving, managing, and storing e-waybills. The e-Waybill system is planned to be integrated with the E-Invoicing system (SEF). The e-waybills will be validated, stored, and delivered to the recipient through the Central Registry of e-Waybills (SCR). There will be two types of e-waybills: External: […]
Montenegro plans to implement a mandatory B2B and B2G e-invoicing system in cooperation with Serbia. On October 27, 2023, the Serbian Ministry of Finance and the Minister of Finance of Montenegro signed an agreement on the transfer of a software license for the use of a centralized platform for sending, receiving, managing, and storing e-invoices […]
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 […]
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 – […]
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 […]