Regulatory Analysis
The United Kingdom’s HM Revenue & Customs (HMRC) and the Department for Business & Trade have launched their highly anticipated public consultation on promoting electronic invoicing across UK businesses and the public sector. This consultation marks a significant move toward modernizing business practices and enhancing digital transformation in the country’s economy. The purpose of this […]
The Saudi Arabian Tax and Customs Authority (ZATCA) announced the 20th wave of Phase 2 of the e-invoicing initiative. The 20th wave includes taxpayers whose revenues subject to VAT exceeded (SAR 1. 5 Mn) (approximately USD 399K) during 2022 or 2023. Taxpayers within this group are expected to integrate with the system as of October 31, 2025. Phase 2 of the e-invoicing […]
The Ministry of Finance in the UAE announced on 6 February 2025 the launch of a Public Consultation on eInvoicing. This initiative aims to gather feedback from stakeholders on the proposed eInvoicing data requirements, ensuring transparency and alignment with industry needs. The Ministry of Finance hopes to: Establish a common understanding of data elements used […]
The Italian Revenue Agency (Agenzia delle Entrate) has announced important updates to the Italian mandatory e-invoicing “FatturaPA” technical specifications and schemas. The technical documentation has been updated to version 1.9 and will be effective from 1 April 2025. A summary of the main changes introduced by this updated version are as follows: · Introduction of Document […]
Belgium’s new coalition government has announced plans to introduce a complementary reporting requirement alongside the existing B2B e-invoicing mandate. With the current e-invoicing system operating through the 4-corner Peppol network, there was speculation that a 5-corner model would follow. The recent announcement confirms this, stating that e-invoicing systems, cash registers, and payment systems will be […]
Jordan is moving forward with the implementation of its mandatory e-invoicing system, the National Billing System (NBS), which allows businesses and professionals to electronically issue and manage invoices. The NBS provides a platform for users to generate invoices directly or integrate with the system via API, streamlining the invoicing process and enhancing compliance with tax […]
The Norwegian Ministry of Finance announced the launch of a study into the introduction of mandatory electronic invoicing for business-to-business transactions. The Directorate of Taxes has been tasked with outlining the requirements and presenting a report by mid-June 2025. Electronic invoicing has been mandatory in the public sector since 2019. By extending this requirement to […]
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 […]
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 […]
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. […]