Regulatory Analysis
The Nigerian Federal Inland Revenue Service (FIRS) has announced its plans to introduce mandatory e-invoicing through a new digital system called FIRS e-invoice. The initiative will facilitate real-time transaction validation and storage and cover B2B, B2C and B2G transactions. The announcement was made at a private stakeholder meeting themed “Emerging Tax Matters”. Nigeria already has […]
On 23 September 2024, the head of His Majesty’s Treasury announced a package of reforms aimed at improving the United Kingdom’s tax system, which includes launching a public consultation on electronic invoicing. The consultation will be conducted by His Majesty’s Revenue and Customs (HMRC). While no specific framework has been provided, the authorities aim to […]
The Saudi Arabian Tax and Customs Authority (ZATCA) announced the 15th wave of Phase 2 of the e-invoicing initiative. The 15th wave includes taxpayers with a revenue of at least SAR 4 million (approximately USD 1.06 million) that were subject to VAT during 2022 or 2023. Taxpayers within this group are expected to integrate with the system as of […]
The Polish Ministry of Finance (MoF) has updated its FAQs regarding the KSeF e-invoicing system. The main changes are: The new schema FA(3) will be published for public consultation in Autumn 2024; earlier plans indicated September 2024. Changes in the new schema cover the presentation of the payment deadline, adding a new role as an […]
The Zambian Revenue Authority (ZRA) granted taxpayers a three-month grace period to comply with the e-invoicing obligation through the Smart Invoice System (SIS). Taxpayers were previously required to comply as of July 1, 2024; however, now taxpayers have time until September 30, 2024. The Smart Invoicing System leverages technology to monitor real-time transactions, aiming to […]
The Saudi Arabian Tax and Customs Authority, ZATCA, announced the 14th wave of Phase 2 of e-invoicing. The 14th wave covers taxpayers with at least SAR 5 million (app. USD 1.3 million) revenue subject to VAT for 2022 or 2023. Taxpayers within this group are expected to integrate as of 1 February 2025. Phase 2 of e-invoicing introduces additional requirements for […]
The Israeli Tax Authority (ITA) has released a new version of its documentation on invoicing services. The updated document introduces enhanced services and explains alternative methods to follow in case of a delay after the submission of invoice data. Israel implemented its Continuous Transaction Control (CTC) clearance mandate in May 2024. Under this new system, […]
Slovenia has released a draft proposal for the Act on the Exchange of Electronic Invoices and Other Electronic Documents, aiming to implement mandatory Continuous Transaction Controls (CTC) e-invoicing in the B2B sector. Initially, the proposal doesn’t cover B2C transactions, where consumers could choose between e-invoices and paper invoices. In either case, e-invoices will be reported […]
Yesterday, 18 July 2024, the Polish Ministry of Finance (MoF) held a pre-consultation with businesses and other stakeholders regarding potential changes to the upcoming e-invoicing system, KSeF. The main consultations are going to take place from September 2024. The discussions covered 3 topic areas: 1) B2C e-invoices 2) additional postponements and sanctions 3) issuance of […]
The Belgian Federal Public Service Finance has published the official guidelines for mandatory B2B e-invoicing, which will take effect on January 1, 2026. Here are some of the key points covered in the guidelines: Format of E-Invoices: The guidelines explain what constitutes a structured invoice and how alternative formats can comply with the EN standard. […]
The Saudi Arabian Tax and Customs Authority, ZATCA, announced the 13th wave of Phase 2 of e-invoicing. The 13th wave covers taxpayers with at least SAR 7 million (app. USD 1.8 million) revenue subject to VAT for 2022 or 2023. Taxpayers within this group are expected to integrate as of 1 January 2025. Phase 2 of e-invoicing introduces additional requirements for […]
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 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 […]
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 […]
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 […]