Regulatory Analysis
We have previously reported that as of 1 July 2022, Romanian taxpayers will be required to use the CTC e-invoicing system e-factura (regardless of whether or not the recipients are registered in the Romanian e-Invoice register), for B2B transactions involving products with high fiscal risks. The National Agency For Fiscal Administration has today issued an […]
The legislation on the use of KSeF, which the Ministry of Finance presented in November as a draft regulation, was published in Poland’s Official Gazette on 30 December. The published regulation includes provisions regarding the following topics: Categories of authorizations Methods of granting, changing, or withdrawing authorizations to use the KSeF Information required to be […]
The Government Emergency Ordinance (GEO) no. 130/2021 was published in Romania’s Official Gazette on 18 December. The legislative act includes significant changes with respect to the fiscal-budgetary measures, including the roll-out date for B2B e-invoicing and the introduction of the e-transport system. According to the GEO 130/2021, in B2B transactions involving products with high fiscal […]
The Serbian Minister of Finance has announced that the Law on Electronic Invoicing will be amended to delay the go-live for mandatory B2G e-invoicing. Both private sector suppliers and public sector buyers are given an additional period until 1 May to prepare before being required to issue and receive B2G e-invoices. These proposed changes are […]
According to a newly published decree (No: 619-2021), second group of companies registered at the Joint-Stock Department and Investment Department in Cairo are required to join the e-invoice system as of 15 February 2022. This decision was preceded by decree (No:443-2021) in September which obliged the first group of registered companies at the Joint-Stock Department […]
It is expected that EU finance ministers will adopt a proposed revision to the EU VAT Directive at the upcoming Economic and Financial Affairs Council meeting on 7 December 2021. The amendment would amend the list in Annex III of the VAT Directive of products and services eligible for a reduced VAT rate. The proposal, […]
The Ministry of Finance has withdrawn its draft regulation, submitted to the Slovenian parliament in June 2021, which, if passed, would introduce mandatory B2B e-invoicing in the country. According to the draft regulation, all business entities would be obliged to exchange e-invoices exclusively in their mutual transactions (B2B). In the case of B2C transactions, consumers […]
The draft law for the creation and growth of companies introducing mandatory B2B e-invoices for companies and freelancers in the country has been approved by the Government and now will continue its legislative process in Congress. The obligation for taxpayers above a certain threshold may be in force as early as February 2023 if the draft law […]
The IAPR published new schema and API documentation (v1.0.4) for the myDATA eBooks. The changes implementing Decision A 1156/2021 (which amends the myDATA Law, 1138/2020) include: 1. A new fee code and new types of expense classification codes. 2. New “Combinations of Classifications” which explain the relation between Expense/Income Classification Type and Category. 3. New […]
In an earlier post a few weeks ago, we wrote about how the recent German elections seem to have accelerated the country’s move towards a digital real-time VAT control system. In the coalition deal concluded on 24 November 2021, the new coalition government has identified VAT fraud as a policy question it intends to combat, […]
In Portugal, aministerial order has been published, de facto amending the timeline of the country’s B2G electronic invoice mandate. According to the Despacho 351/2021-XXII, the Portuguese public administration will continue to accept B2G invoices in PDF format until 30 June 2022, postponing the previous grace period expected to end in December 2021. In addition, expected […]
The Latvian government approved a report prepared by the Ministry of Finance on the implementation of an electronic invoicing system in the country. The concept expressed in the report envisages the introduction of the use of electronic invoicing as mandatory for B2B and B2G transactions from 2025 in accordance with the PEPPOL framework. Changes in […]
There have been developments with respect to the B2G e-invoicing system in Romania – e-Factura -, which soon will affect also B2B e-invoicing in the country. As reported earlier, the Romanian government has been working on the launch of a pilot B2G e-invoicing system, called e-Factura, to bring B2G e-invoicing in line with the EU […]
According to a newly published decree (No: 443-2021), starting from 15 December 2021, joint-stock companies and investment companies in Cairo are required to join the e-invoice system, i.e. issue and register e-invoices in the invoicing system. The decision affects 3737 companies whose names are published by the Egyptian Tax Authority (ETA). By April 2023, the […]
On 1 October, technical specifications for the transmission of invoices to the government were published as part of a pilot B2G project, e-Factura. It is expected that e-Factura will lay the foundations for the extension of the platform for further developments and will provide the necessary know-how to develop the generalised electronic invoicing system for […]
The French Council of Ministers announced on September 15 the decision to implement a country-wide e-invoicing and e-reporting obligation according to a revised calendar: from July 1st, 2024, all companies headquartered or established in France will have to accept e-invoices from their suppliers. at the same date, issuing e-invoicing in lieu of paper will become […]
The Polish authorities continue to make progress on its proposed CTC e-invoicing reform, most recently with new documentation. Technical documentation and draft invoice schemas, in Polish and English, for the Polish Krajowy System e-Faktur (KSeF) have recently been published. They are made available here: https://www.gov.pl/web/kas/krajowy-system-e-faktur. In addition, changes to the draft legislation are introduced which […]
The Romanian tax administration has announced its plans to introduce a B2B e-invoicing system in the near future. The system is expected to become functional in January 2022, although this date is subject to official announcement. The intention is to work closely with industry stakeholders to develop the e-invoicing platform and eventually make a CTC […]