Regulatory Analysis

Posted March 27, 2023 by Dilara Inal
Saudi Arabia: New group of taxpayers for Phase 2 of E-invoicing announced

Zakat, Tax and Customs Authority (ZATCA) announced the criteria for the third wave of Phase 2 of E-invoicing. Taxpayers with at least 250 million Riyals revenue subject to VAT for either 2021 or 2022 must implement Phase 2 as of 1 October 2023. Phase 2 is rolled out in waves, and currently the first group […]

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Posted March 23, 2023 by Andres Landerretche
Peru: Update of Validation Rules

The National Tax Administration Superintendence (SUNAT) has published an update of the validation rules for electronic payment receipts. The adjustments will take effect from April 1, 2023.

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Posted March 22, 2023 by Dilara Inal
Ghana: More taxpayers included in the e-VAT system

The Ghana Revenue Authority (GRA) introduced the e-VAT invoicing system in October 2022 with the first group consisted of 50 taxpayers as a pilot group. GRA announced the second group of taxpayers, and their implementations will start after the completion of the first phase and be completed by the end of 2023. With the e-VAT […]

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Posted March 17, 2023 by Marta Sowińska
Poland KseF: Draft legislation postpones e-invoicing mandate to July 2024

On 15 March 2023, the Ministry of Finance published a second draft legislation introducing certain changes to the KSeF e-invoicing system in Poland. This draft considers comments gathered during the public consultation which was completed in December 2022. Some of the points covered by the draft legislation are: The e-invoicing mandate is officially postponed with […]

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Posted March 13, 2023 by Dilara Inal
Germany: Mandatory e-invoicing update

During a conference held on 10 March 2023 as a part of “Berliner Umsatzsteuertag”, the Federal Ministry of Finance announced their plans for mandatory B2B e-invoicing which will not be coupled with continuous transaction controls (CTCs) for domestic B2B transactions. Germany has applied for a derogatory decision from the European Commission to implement a mandatory e-invoicing regime and […]

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Posted March 8, 2023 by Inês Carvalho
Belgium: Parliament proposes changes in Periodic VAT Declarations and Payments

On February 7th, 2023, the Belgium Parliament published a bill aimed at improving the processing of periodic VAT returns and payments. Among the proposed measures, the bill provides for use of a substitute VAT return by the tax authorities when the taxpayer has failed to submit their VAT return within 3 months of the legal […]

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Posted March 7, 2023 by Dilara Inal
Kenya: Rolling out of the software for e-invoicing

The Kenya Revenue Authority (KRA) announced the second phase of the Tax Invoice Management System (e-TIMS). KRA aims to enhance the experience of taxpayers in managing their tax invoices. Under this phase, KRA will provide a software version of the system in order to allow additional ways of transmitting electronic invoices to KRA on a […]

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Posted March 7, 2023 by Marta Sowińska
Belgium: first phase of the Broader Tax Reform has been launched

March 2, 2023, The Minister of Finance, Vincent Van Peteghem, launched the proposal for the first phase of the broader tax reform in Belgium. The proposal, among different tax measures, introduces the general obligation for B2B e-invoicing and reporting, which aims to reduce the country’s VAT gap. As previously communicated by the Belgian administration, the […]

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Posted March 3, 2023 by Carolina Silva
Hungary: Real-Time Invoice Reporting 3.0 Updates Technical Documentation

The Hungarian Tax Authority published in the test environment of the platform an update of the API documentation: Online Invoicing System 3.0 Interface Specification adding new ERROR message to be introduced in the Online Invoicing System. This blocking validation error refers to INVALID_LINE_OPERATION (Error 60) triggered where “MODIFY” is specified in the value of the […]

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Posted March 2, 2023 by Joanna Hysi
Greece myDATA: Postponement of data transmission deadlines

The Deputy Minster of Finance jointly with the governor of IAPR have in a recent press release announced a Decision amending the myDATA law (L. 1138/2020), whereby the deadlines for transmitting certain data generated in 2021, 2022 and 2023 are postponed, thus giving business more time to collect the data and transmit them according to […]

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Posted March 1, 2023 by Enis Gencer
Israel: CTC Model Approved by the Government

Exciting news out of Israel as the government approved the 2023-2024 budget on 24 February 2023 to introduce a Continuous Transaction Control (CTC) model in their tax system. This is a long-awaited move that will have significant implications for businesses operating within the country. The new plan, which was prepared by the Ministry of Finance […]

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Posted February 17, 2023 by Marta Sowińska
Poland: proposed changes to mandatory e-invoicing framework

On the 16th February 2023, the Polish Ministry of Finance organized a conference to discuss upcoming changes to the draft bill introducing mandatory e-invoicing in Poland. While the legislative process is still ongoing, and will most likely last until June/July 2023, the Ministry of Finance has presented changes that are planned to be included in […]

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Posted February 10, 2023 by Carolina Silva
Croatia: New CTC Project – “Fiscalization 2.0.”

The Croatian Tax Administration has issued an announcement launching a new CTC project, called “Fiscalization 2.0”. It concerns the implementation of a new e-reporting system for non-cash transactions which seems to include e-invoicing, e-archiving and e-bookkeeping obligations in the current VAT system. The project is expected to be implemented by the end of 2024, however […]

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Posted February 10, 2023 by Dilara Inal
Sweden: Edges towards B2B e-invoice mandate

The Swedish Agency for Digital Government (DIGG) would like mandatory e-invoicing to be introduced in Sweden. DIGG has, together with the Swedish Tax Agency and the Swedish Companies Registration Office, submitted a request that the Government research conditions for mandating e-invoicing in B2B flows as well as G2B flows (to be added to the current […]

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Posted February 2, 2023 by Marta Sowińska
Poland: Postponement of mandatory e-invoicing to 1 July 2024

According to an official announcement by the Ministry of Finance published on 2 February 2023, the go-live date of the mandatory e-invoicing system in Poland will be postponed from 1 January 2024 to 1 July 2024, giving taxpayers 6 more months to prepare for the new e-invoicing obligation. The VAT-exempted taxpayers will have time to […]

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Posted February 1, 2023 by Dilara Inal
France: Updated external specifications for e-invoicing and e-reporting

The French authorities published the updated version of the ‘External specifications file for electronic invoicing’. The new specifications introduced additional mandatory e-invoicing data, new and modified cases of use, amended frequency for e-reporting, retention of invoices by the public billing portal and other new explanations as well as examples for XML files.

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Posted January 20, 2023 by Dilara Inal
Saudi Arabia: Voluntary participation in Phase 2 of e-invoicing

The Saudi Arabian Tax and Customs Authority, ZATCA, has recently changed its approach to voluntary participation in Phase 2 of e-invoicing. Previously it has not been allowed to voluntarily start the implementation of Phase 2, however, with the update of the guideline published in December 2022, taxpayers now have the option to start following Phase 2 […]

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Posted January 19, 2023 by Robert Pelletier
Botswana Temporary 12% VAT Rate Extended to 31 March 2023

On 18 January 2023, the Botswana Ministry of Finance issued a public notice that the temporary reduced standard VAT rate of 12% is extended to 31 March 2023. The public notice can be found here.

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