Regulatory Analysis

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 Greek myDATA mandate has been postponed once again, this time to January 2022. Until that date the framework remains voluntary. This deferral does not change the date of mandatory POS reporting requirement, which must still be completed by November 2021.

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 […]

Spain’s Ministry of Economic Affairs and Digital Transformation has published a draft law for the creation and growth of companies in the country that includes the introduction of mandatory B2B e-invoicing obligations for all companies and freelancers. More information can be found in our blog.

Progress has been made in the roll-out of the Polish CTC (continuous transaction control) system, Krajowy System of e-Faktur. In June, the Ministry of Finance announced it had reviewed all comments submitted by the public and Polish ministers on the CTC system and decided to take certain actions, including introducing a testing phase for the […]

Once again, Portugal published a ministerial order de facto amending the timeline for the implementation of its B2G electronic invoice mandate. According to the Despacho 260/2021-XXII, the Portuguese public administration will continue to accept B2G invoices in PDF format until 31 December 2021.

The system of penalties/surcharges for late submission without prior requirement by the Tax Authorities (Art. 27.2 LGT 58/2003) has been modified by the Act 11/2021 published on Saturday 10 July 2021 in the Spanish Gazette (BOE) and came into force on Sunday 11 July 2021. The new rule brings changes to the penalties/surcharges system. The […]

Supplies between Italy and San Marino are accompanied by a set of customs obligations. After the introduction of the Italian e-invoicing mandate in 2019, Italy and San Marino started negotiations to expand the use of e-invoices in cross-border transactions between the two countries. Those negotiations are now complete and the details are available. More information […]

On 28 June 2021 the Greek Ministry of Finance announced that the myDATA mandate has been postponed to autumn 2021. This is due to the adverse financial impact of the pandemic on businesses and the country. The phased roll-out begins in September 2021 and is scheduled to be completed in November 2021. Retroactive reporting of […]

The Turkish Revenue Administration (TRA) has published updated guidelines on the cancellation and objection of e-fatura and e-arsiv invoices. Two different guidelines are updated: the guidelines on the notification of cancellation and objection of e-fatura, and the guidelines on the notification of cancellation and objection of e-arsiv. The updated guidelines aim to inform taxable persons […]

Russia is introducing a new system for traceability of certain goods that will come into effect on 1 July 2021. Federal Law No. 371-FZ will amend the Russian Tax Code to introduce the new procedure for the traceability system, which will bring with it the introduction of mandatory e-invoicing for taxpayers dealing with traceable goods. […]

The German Bundesrechnungshof (Federal Audit Office), which is a independent judiciary body that advises various government bodies through non-legally binding recommendations, recently proposed to the Ministry of Finance that a real-time reporting system leveraging blockchain technology would be an efficient system to combat VAT fraud and reduce the VAT loss in Germany which is estimated […]

The Portuguese tax authority clarified obligations for non-resident companies. In principle, companies that are not resident but have a VAT registration in the country should comply with domestic VAT rules (which includes issuing e-invoices through certified software). The tax authority also clarified other obligations such as circumstances that require or dismiss a VAT registration, indication […]

The National Revenue Agency (NRA) with industry stakeholders are discussing the idea of introducing mandatory e-invoicing. By the end of 2021 a decision will be reached. ​ In parallel, changes for till reporting are proposed and are subject to public consultation. The changes will allow online retailers to not use cash registers but report their […]

Due to the effects of the pandemic on businesses, the Greek Ministry of Finance together with the IAPR (Greek tax authority) announced that the go-live of the myDATA eBooks mandate will be postponed to 1 July 2021. Data generated during the first six months of 2021, must be reported until 31 October 2021.

The UK Chancellor, Rishi Sunik, has just announced his 2021 budget for the UK. Amongst many tax measures announced was an extension to the current VAT rate reduction for the tourism and hospitality sector which was due to end on 31 March 2021. Businesses in the tourism and hospitality sector are currently able to apply […]

Two amendments in Croatian law, Fiscalization in Cash Transactions, which were introduced in the last two years came into effect on 1 January 2021. The amendments pertain to: a) the implementation of the fiscalization procedure for sales through the self – service devices; secondary legislation about the process and measures for data security and exchange […]