Regulatory Analysis

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Posted December 23, 2020 by Selin Adler Ring
Saudi Arabia Mandates E-invoicing from 4 December 2021

The initial Saudi E-invoicing Regulation (Regulation) was enacted on 4 December 2020, but the details of the framework are yet to be published. The new framework is set to go live a year from now, on 4 December 2021, and will apply to all resident taxable persons, as well as any third party who issues […]

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Posted December 18, 2020 by Gabriel Pezzato
Poland to introduce e-invoicing via a centralized platform in 2021

The Polish Ministry of Finance yesterday announced a timeline for its plans to introduce a Continuous Transaction Controls (CTC) scheme, with a roll-out to start at the end of 2021.  By the end of 2021, e-invoicing via a centralized platform will be made available, but still remains optional for companies; from 2023 it will be mandatory for […]

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Posted June 18, 2020 by Joanna Hysi
Greece places focus on CTC e-invoicing as myDATA bill is signed

The IAPR and the Ministry of Finance have signed the long-awaited bill, which once turned into law will enforce the myDATA system within Greece. According to the IAPR’s announcement, the bill will specify: the scope of application, any exceptions, the data to be submitted, the time, methods of transmission and the specific obligations of businesses. […]

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Posted April 15, 2020 by Victor Duarte
Vietnam: Draft Decree extends the deadline for mandatory e-invoicing to July 2022

The Ministry of Finance in Vietnam presented a draft Decree to postpone the mandatory adoption of e-invoicing in the country from November 1, 2020, to July 1, 2022, due to the difficulties encountered by local companies to implement on time a compliant e-invoice solution to meet the previous deadline. However, agencies, organizations, and individuals are encouraged […]

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Posted April 2, 2020 by Gabriel Pezzato
Portugal extends the deadline for implementation of B2G e-invoices

A recently published official decision de facto amending the timeline for full Portuguese implementation of the Directive 2014/55/EU on electronic invoicing in public procurement has been published. According to the Despacho 129/2020-XXII, the Portuguese public administration will continue to accept B2G invoices in PDF format until June 2020. Until then, such PDF invoices will be considered legal […]

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Posted April 2, 2020 by Joanna Hysi
Israel on the road to Continuous Transaction Controls (CTCs)

Israel is planning to introduce a Continuous Transaction Controls reform, likely in the form of mandatory clearance e-invoicing. The proposed CTC model is currently expected to include a direct connection between the Tax Authority and businesses in real time for each transaction. The Israeli Tax Authority is reviewing the proposal and liaising with interested stakeholders to […]

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Posted September 3, 2019 by Denise Hatem
Albania Launches Public Consultation on E-Invoicing Bill

The Albanian Ministry of Finance and Economy has launched a public consultation that would require real-time reporting of all business-to-consumer (B2C) transactions to the tax authority from January 1, 2020. The bill would also require electronic invoicing for business-to-business (B2B) and business-to-government (B2G) transactions from January 1, 2021. Public consultation will last through August 2019.

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Posted August 16, 2019 by Ramón Frias
Upcoming Mandatory Use Electronic Tax Registers in Kenya

The Kenyan Revenue Authority (KRA) has informed taxpayers that in the upcoming months it will become mandatory for businesses with revenues above 5 million Kenyan Schillings (Around 48,470 dollars) to use electronic tax registers that communicate sales data in real time to the tax authorities. The announcement comes after KRA started a successful pilot program […]

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