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 […]
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. […]
The Greek Independent Authority for Public Revenue (AADE) has published updated myDATA technical specifications. The new version 1.0.10 is now available in the myDATA Test Environment. The main changes of the updated version are the following: Fuel Invoices submission via ERP: transmission of fuel invoices (liquid fuel sales invoice) is now supported through the ERP […]
As previously announced, the Polish Ministry of Finance (MoF) has initiated the final consultation process for its National e-Invoicing System (KSeF). This involves collecting the public’s comments on the new KSeF Draft Act and the updated logical structures FA(3) and FA_RR(1) that have also been published. The objective of the proposed legislation and updated schemas […]
The Saudi Arabian Tax and Customs Authority (ZATCA) announced the 17th wave of Phase 2 of the e-invoicing initiative. The 17th wave includes taxpayers with a revenue of at least SAR 2.5million (approximately USD 660.000) that were subject to VAT during 2022 or 2023. Taxpayers within this group are expected to integrate with the system as of July 31st, 2025. […]
The Latvian parliament approved amendments to the Accounting Law, mandating the use of structured electronic invoices for transactions involving goods and services. The implementation timeline is as follows: 1 January 2025: obligation to issue structured e-invoices in B2G transactions (to the budget institutions) 1 January 2026: obligation to issue structured e-invoices in B2B transactions The MoF announced […]
The long-awaited VAT in the Digital Age (ViDA) proposal has been officially approved. On November 5, 2024, during the Economic and Financial Affairs Council (ECOFIN) meeting, EU member states unanimously agreed on adopting the ViDA package. This decision marks a major milestone in modernizing the VAT Directive, setting the stage for a more efficient and […]
Following an announcement by the head of His Majesty’s Treasury in late September 2024, the UK Revenue and Customs authority (HMRC) has confirmed an upcoming public consultation on e-invoicing as part of the 2024 Autumn Budget published on 30 Oct 2024. According to the announcement, the government will launch the consultation in early 2025 to […]
The Draft law proposing changes to the Polish KSeF e-invoicing system has been included in the legislative program of the Polish Council of Ministers. It addresses the topics raised during consultations held earlier this year. According to the official publication, the proposal aims to introduce measures to simplify the implementation and use of the KSeF […]