Regulatory Analysis
On June 28, 2024, the Romanian government issued a new Government Emergency Order postponing the grace period for the e-transport mandate for international transport of goods until January 2025. The extended grace period, during which no penalties will be imposed, applies only to entities with Authorized Economic Operators status under Article 38 of Regulation (EU) […]
The DGII issued the Notice RNC: 401-50625-4, which includes the list of Large Local and Medium Taxpayers that are required to comply with the issuance of electronic tax receipts (e-CF) no later than May 16, 2025. This is 24 months from the entry into force of the aforementioned Law (May 16, 2023). 11-24.pdf (dgii.gov.do)
The German Ministry of Finance (MoF) released a draft guideline on June 13, 2024, detailing the upcoming B2B e-invoicing mandate. The highlights from the guidelines are that: The MoF plans to introduce an e-reporting system for invoice details at a later stage, with no set date. E-invoicing exemptions include tax-free services, invoices under 250 euros, […]
As announced earlier this month, the Lithuanian National Centre for General Functions (NBFC) is launching a new platform for the submission of B2G e-invoices. The platform called SABIS, is going to replace the pervious E-sąskaita. The transition from the E-sąskaita to SABIS platform was initially set to begin on 1 July 2024, yet now the […]
The French authorities published the updated version of the ‘External specifications file for electronic invoicing’. After an extensive process of consultation with interested stakeholders, the DGFiP recently published a new version of the French e-invoicing mandate External Specifications file. This latest version constitutes the ‘source of truth’ for describing the functional principles of the central […]
New Zealand has recently signed an e-invoicing Memorandum of Agreement (MoA) with Singapore, whereby the countries have agreed to cooperate on initiatives that promote, encourage, support, or facilitate the adoption of e-invoicing by businesses. In addition, mandatory e-invoicing is being discussed within the e-Invoicing Adoption Leaders Group, which includes representatives from both the business and […]
On June 18th, The Romanian Ministry of Finance published a Draft Order intended to expand the scope of the electronic invoicing mandate in the country to include B2C transactions. In the context of electronic invoicing, B2C transactions are defined as occurring between a taxable entity established in Romania and a non-taxable person. The implementation of […]
Following the plans announced earlier this year, Latvian Ministry of Finance (MoF) published the draft amendments to the Accounting Law, aiming to implement mandatory B2B and B2G e-invoicing. Taxpayers registered in Latvia will be obliged to issue e-invoices, following the EN 16931 standard, if the goods or services are supplied to a recipient in the […]
The National Informatics Centre (NIC) launched the E-Way Bill 2 Portal on 1 June 2024. This new portal runs parallel to the main e-way bill portal, ensuring high availability and synchronization of e-way bill details within seconds. Main portal login credentials can be used on the new portal, which also provides web and API modes […]
Following the implementation of the project “Modernization of the information system “E- sąskaita”, starting from 1 July 2024, the submission of the invoices to public sector entities and other contracting authorities will be moved from the E-sąskaita system to the General Information System for Account Administration (SABIS). Based on Resolution no. 405, the invoices must […]
The Saudi Arabian Tax and Customs Authority, ZATCA, announced the twelfth wave of Phase 2 of e-invoicing. The twelfth wave covers taxpayers with at least SAR 10 million (app. USD 2.6 million) revenue subject to VAT for 2022 or 2023. Taxpayers within this group are expected to integrate as of 1 December 2024. Phase 2 of e-invoicing introduces additional requirements for […]
The Saudi Arabian Tax and Customs Authority, ZATCA, announced the eleventh wave of Phase 2 of e-invoicing. The eleventh wave covers taxpayers with at least SAR 15 million (app. USD 4 million) revenue subject to VAT for 2022 or 2023. Taxpayers within this group are expected to integrate as of 1 November 2024. Phase 2 of e-invoicing introduces additional requirements for […]
The Estonian Ministry of Finance has proposed amendments to the Accounting Act, planned to become effective on January 1, 2025, pending approval by the Parliament. This amendment seeks to encourage usage of e-invoicing across Estonia by adopting a uniform European e-invoicing standard, thereby facilitating the streamlined exchange of e-invoices. Starting January 2025, all entities registered […]
On April 26, 2024, the Polish Ministry of Finance announced the new official implementation date for mandatory e-invoicing via KSeF during a press conference. The new timeline is as follows: 1 February 2026 – for taxpayers whose turnover exceeds PLN 200 million (approx. EUR 46 million) in the preceding year. 1 April 2026 – for all […]
In April, the Slovakian Ministry of Finance (MoF) published the draft National Reform Program (NPR) outlining various reforms to be introduced in the country. One aspect highlighted by the MoF is the push towards e-invoicing, with specific emphasis placed on adopting the eFaktúra system. The Slovakian MoF intends to roll out the e-invoicing system nationwide […]
The Inland Revenue Authority of Singapore (IRAS) has announced the implementation of a phased adoption of InvoiceNow, the national e-invoicing framework based on the Peppol network, for GST registered businesses starting in May 2025. The mandate will cover B2B transactions only, as the Government expects to make B2G mandatory in the following years. The mandate […]
The Inland Revenue Board of Malaysia has released new versions of the e-invoice and e-invoice specific guidelines, alongside a new version of the Software Development Kit (SDK). The update to SDK, first launched in February, includes clarifications and new technical information, namely e-signature requirements for the CTC mandate, going live in August of 2024. An […]
The Saudi Arabian Tax and Customs Authority, ZATCA, announced the tenth wave of Phase 2 of e-invoicing. The tenth wave covers taxpayers with at least SAR 25 million (app. USD 6,6 million) revenue subject to VAT for 2022 or 2023. Taxpayers within this group are expected to integrate as of 1 October 2024. Phase 2 […]