Regulatory Analysis
Last year the Hungarian Government implemented new regulations mandating electronic invoicing for electricity and natural gas supplies to non-private individuals beginning on 1 January 2025. However, to provide more time for taxpayers impacted by this requirement, the Government decided to push this deadline to July 1, 2025. This obligation is outlined in Government Decree no. 273/2007. […]
Bosnia and Herzegovina has published a draft Law to introduce mandatory B2B, B2G, and B2C e-invoicing and real-time reporting requirements aimed at combating tax fraud. The transactions in scope include the sale of goods and services, transfer of property and other transactions as specified by the Minister of Finance. The draft law defines an e-invoice as […]
The Slovakian Government published a proposal to reform the VAT Act to adopt mandatory electronic invoicing and invoice data reporting from 1 January 2027. The proposal consists of: Mandatory Electronic Invoicing Adoption: effective 1 January 2027, all taxable persons must issue and receive invoices electronically adhering to the European standard for electronic invoicing. Domestic Invoice […]
The Serbian Parliament has adopted the law on Electronic Goods Delivery Notes, introducing a mandatory e-transport system. The Law was published in Serbia’s official Gazette no.94/2024 and went into effect on 6 December 2024. Earlier, a draft law was published, and the adopted law is largely identical to the draft law. The bylaws regulating the […]
The Saudi Arabian Tax and Customs Authority (ZATCA) announced the 19th wave of Phase 2 of the e-invoicing initiative. The 19th wave includes taxpayers with revenue of at least SAR 1.75 million (approximately USD 466K) who were subject to VAT during 2022 or 2023. Taxpayers within this group are expected to integrate with the system as of September 30th, 2025. Phase 2 of the e-invoicing […]
Greece is close to receiving a derogation from the European Union (EU) in order to introduce a country-wide B2B e-invoicing mandate. The European Commission has published a proposal for a Council Implementing Decision to grant Greece such authorization. According to the Commission’s proposal decision, the Greek e-invoicing obligation will cover transactions between taxable persons established […]
Through General Resolution No. 5616/2024, the authority updates the different modalities of issuance of vouchers for those who carry out operations in foreign currency, applicable to class “A”, “B”, “C”, “E” and “T” vouchers: When they are paid in the same currency, the seller-currency exchange rate reported by the Banco Nacion corresponding to the business […]
Wisconsin recently updated Publication 172 (Annual W-2, W-2C, 1099-R, 1099-MISC, 1099-NEC, 1099-K, and W-2G) Electronic Reporting. Notably, Wisconsin has indicated that it will accept 1099 records transmitted using the new federal Information Return Intake System (IRIS) XML format for tax year 2024 and beyond. IRIS formatted files can be submitted using secure file transfer protocol […]
On December 19, the SII issued Exempt Resolution 121 through which it reiterates the requirements for supermarkets and restaurants in terms of invoicing as of March 1, 2025: They must issue sales and service receipts for all transactions carried out with end consumers. The issuance of invoices by supermarkets is restricted to when the goods […]
Superintendence Resolution No. 000293-2024/SUNAT postpones from January 2025 to July 2025 the opportunity from which certain subjects who are required to keep the Sales and Income Register and the Purchase Register through the Integrated Electronic Records System (SIRE) must keep the Sales and Income Register and the Purchase Register through the Integrated Electronic Records System […]
From July 2025, Estonian taxpayers will be required to issue e-invoices upon the buyer’s request, with the aim of stimulating wider e-invoicing adoption in the country. While this measure can lead to an increase in e-invoicing, the government aims to achieve additional broader goals, such as enhancing transparency, reducing fraud, and improving VAT collection. In […]
The Saudi Arabian Tax and Customs Authority (ZATCA) announced the 18th wave of Phase 2 of the e-invoicing initiative. The 18th wave includes taxpayers with a revenue of at least SAR 2 million (approximately USD 532 200, 00) that were subject to VAT during 2022 or 2023. Taxpayers within this group are expected to integrate with the system as of […]
On December 2nd, a Draft Government Emergency Ordinance was published, proposing amendments to Romania’s e-invoicing, e-transport and e-VAT mandates. E-invoicing Simplified invoices are set to come under the scope of mandatory e-invoicing and reporting requirements from January 2025. For mandatory B2B e-invoicing between established taxpayers, it is clarified that transactions with a place of supply […]
The Greek Tax Authority (Independent Authority for Public Revenue, IAPR) has announced the postponement of the obligation to transmit transport document data to the myDATA platform in real time. This was set to become mandatory from 1 Dec 2024 for the first impacted groups. The newly announced deadlines are as follows: Phase 1 Features and […]
On November 8, 2024, the new regulation was published, which repeals the previous Regulation (Executive Decree 1° 41820-H of June 19, 2019). Among the most important changes are: Create an additional receipt (Electronic Payment Receipt), which will serve to support partial payments. If the issuer or receiver of the electronic receipt does not confirm it […]
The General Resolution MH–DGT-RES-0027-2024 on the technical provisions of electronic receipts for tax purposes was published and among other changes, It establishes the dates of implementation of the Version 4.4 and its annexes. VERSION 4.4. Effective as of June 1, 2025, as of that date Version 4.3 is repealed, which may only be used to […]
The State Taxation Administration (STA) in China recently decided to officially promote the optional adoption of digital electronic invoices throughout the country. The announcement, effective from 1 December 2024, confirms that digital invoices will have the same legal effect as paper invoices and will have the following categories: VAT special invoices. Ordinary invoices. Air transport […]
Starting January 1, 2025, new regulations will mandate electronic invoicing for electricity and natural gas supplies to non-private individuals. This obligation is outlined in Government Decree no. 273/2007. The framework does not require e-invoices to be issued in any specific format, nor does it require a specific method for the exchange of the electronic invoice. […]