Regulatory Analysis


 
Posted January 10, 2022 by Enis Gencer
Romania: High-risk products are defined as part of the new e-invoicing framework

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 […]

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Posted January 4, 2022 by Enis Gencer
Poland: Clarifying e-invoicing legislation published

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 […]

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Posted December 28, 2021 by Enis Gencer
Romania: Go-live for partial B2B e-invoicing mandate and e-transport system

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 […]

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Posted December 17, 2021 by Coskun Antal
Serbia: Go-live date for e-invoicing likely to be postponed until May 2022

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 […]

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Posted December 16, 2021 by Coskun Antal
Egypt: New phase for e-invoicing published

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 […]

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Posted December 7, 2021 by Robert Pelletier
EU Member States Consider Proposal for Council Directive Regarding Reduced VAT Rates

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, […]

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Posted December 6, 2021 by Enis Gencer
Slovenia: CTC system in the pipeline

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 […]

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Posted December 6, 2021 by Victor Duarte
SPAIN: Government approves preliminary draft law introducing B2B e-invoice mandate

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 […]

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Posted November 30, 2021 by Coskun Antal
Greece myDATA: New schema and new API documentation (v1.04) have been published

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 […]

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Posted November 29, 2021 by Joanna Hysi
Germany: The new government identifies CTC controls as a policy objective

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, […]

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Posted November 16, 2021 by Gabriel Pezzato
Portugal: B2G PDF invoices accepted until June 2022 and ATCUD postponed

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 […]

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Posted October 18, 2021 by Coskun Antal
Latvia: Plans for B2B and B2G e-invoicing mandate from 2025

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 […]

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Posted October 15, 2021 by Joanna Hysi
Romania: Further developments on B2G and B2B e-invoicing

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 […]

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Posted October 15, 2021 by Coskun Antal
Egypt: New phase for e-invoicing published & new e-receipt system trial launched

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 […]

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Posted October 12, 2021 by Joanna Hysi
Romania: Τechnical specifications for the pilot B2G project, e-Factura, are published

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 […]

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Posted September 16, 2021 by Filippa Jörnstedt
France postpones roll-out of mandatory B2B e-invoicing reform

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 […]

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Posted August 31, 2021 by Joanna Hysi
Poland publishes further documentation on its planned CTC reform

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 […]

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Posted August 31, 2021 by Joanna Hysi
Romania plans to introduce a B2B e-invoicing system

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 […]

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