Regulatory Analysis
The European Commission (EC) authorized Germany to introduce special measures regarding mandatory electronic invoicing with its decision dated July 25, 2023. Germany plans to implement mandatory e-invoicing for domestic B2B transactions. According to the decision of the EC, Germany received the derogation from the VAT Directive from January 1, 2025, to December 31, 2027, or […]
The European Commission (EC) authorized Romania to introduce special measures regarding mandatory electronic invoicing with its decision dated July 25, 2023. Romania plans to implement mandatory e-invoicing for B2B transactions. According to the decision of the EC, Romania received the derogation from January 1, 2024, to December 31, 2026, or until the national transposition of […]
The Inland Revenue Board of Malaysia (IRBM) has issued a guideline today regarding the implementation details of the upcoming e-invoicing mandate. According to the guideline, Malaysia will adopt a CTC clearance model, set to begin in June 2024, involving around 4000 companies that meet the specified threshold. Under the new e-invoicing model, known as MyInvois, […]
The German Federal Ministry of Finance has made draft amendments to Value Added Tax Law (Umsatzsteuergesetz, “UStG”) in order to implement mandatory e-invoicing. In April 2023, The German Federal Ministry of Finance sent a discussion proposal for the introduction of mandatory B2B e-invoicing to significant German business associations, asking for input. In June 2023, the […]
Portugal has officially postponed the mandatory B2G electronic invoicing obligation for small, medium and microenterprises, once again. Although B2G e-invoicing became mandatory for SMEs on 1 January 2023, the Law Decree no. 54/2023 postpones the obligation granting taxpayers a new deadline for compliance. The postponement was announced during the Press conference of the Council of […]
The project teams within the Ministry of Finance working on the development of the Fiscalization 2.0 system in Croatia, have been in touch with the Italian and French e-invoicing experts to hear their experiences from the implementation of these two countries’ CTC systems. The Ministry could be inspired by one or a combination of the […]
The Slovakian administration once again postponed the implementation of the mandatory submission of e-invoices to the IS EFA platform for B2G (business to government) and G2G (government to government) transactions. The implementation of the B2G and G2G mandate for the government and public administration institutions as well as for their suppliers is expected to start […]
The Saudi Arabian Tax and Customs Authority, ZATCA, announced the fifth wave of Phase 2 of e-invoicing. The fifth wave covers taxpayers with at least SAR 100 million (app. USD 26 million) revenue subject to VAT for 2021 or 2022. Taxpayers within this group are expected to integrate as of December 2023. Phase 2 of […]
The European Commission (EC) published its council implementing decision proposal authorizing Germany to introduce mandatory e-invoicing derogating from the VAT Directive, 2006/112/EC. Germany requested authorization to derogate from Articles 218 and 232 of the VAT Directive to be able to impose mandatory electronic invoicing for domestic B2B transactions in Germany, on 10 November 2022. According […]
The European Commission (EC) published its council implementing decision proposal authorizing Romania to introduce a special measure derogating from the VAT Directive, 2006/112/EC. According to proposal of the EC, Romania will receive a derogation as of 1 January 2024 until 31 December 2026. On the other hand, Romania will need to make necessary adaptations in […]
The Ministry of Finance in Serbia has recently published and updated: The Rulebook on electronic invoicing: Rulebook on electronic invoicing (efaktura.gov.rs) Internal Technical Manual (16.06.23): Updated internal technical manual (16.06.2023.) (efaktura.gov.rs) Instructions for using XML files: Instructions for using XML files (05.06.2023.) (efaktura.gov.rs) Main changes introduced in the Rulebook: Replaces three regulations that were applying […]
The Spanish Government published a draft version of the Royal Decree that develops article 12 of Law 18/2022, on the creation and growth of companies with the aim of establishing the Spanish system of mandatory B2B electronic invoicing. The regulation will be effective 12 months after its publication on the Spanish official Gazzete (BOE). The […]
On May 17, 2023, the Electronic Invoicing Law was published in the Official Gazette of the Dominican Republic, whose purpose is to regulate the mandatory use of electronic invoicing in that country and sets the Electronic Invoicing Tax System and its features, optimization results and contingencies; as well as establishing the mandatory implementation deadlines and […]
As we reported earlier, Israel’s government approved the 2023-2024 budget on 24 February 2023, setting the stage for the adoption of the CTC model. Since then, the proposal has gone through the standard legislative process and it has recently received approval from the Finance Committee, with some modifications. According to the latest announcement, the modified […]
Ajuste Sinief 14/2023 has been published postponing mandatory implementation of the NF3e (electric energy e-invoice) in the states of Espírito Santo and Santa Catarina. The current implementation calendar is as follows: 1 June 2022: Mato Grosso 1 October 2022: Alagoas, Amapá, Amazonas, Bahia, Maranhão, Mato Grosso do Sul, Pará, Paraíba, Pernambuco, Piauí, Rio de Janeiro, […]
On 23 March 2023, the tax authorities published the working version of the schema FA (2). The next steps following the publication of the schema are: The final schema FA(2) will be published on ePUAP in June 2023. The test environment adapted to the schema FA(2) and documentation will be available in July 2023. The […]
The Saudi Arabian Tax and Customs Authority (ZATCA) decided to suspend the implementation of e-invoicing for the supplies of eligible used cars until a future date to be announced. ZATCA announced the activation of Article 48 of the VAT Regulation and the implementation of the profit margin scheme for eligible used cars starting from 1 […]
The Inland Revenue Board of Malaysia published a press release on 22 May 2023 and announced the implementation timeline of the upcoming e-invoicing mandate. As per the announcement, the mandate will be rolled-out in a phased manner according to the following timeline: Pilot project launch: In January 2024, a pilot project will be initiated for selected businesses. Additionally, […]