Regulatory Analysis

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 10, 2023 by Alec Webb
The District of Columbia has released the 2023 EFT Payment Guide

The District of Columbia has released its 2023 Electronic Funds Transfer (EFT) Payment Guide. There have been no changes from the 2022 publication. To view the D.C. 2023 EFT Payment Guide, please click here.

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Posted March 8, 2023 by Victor Duarte
Spain: Public Consultation Related to B2B Mandatory e-Invoicing Launched

The Ministry of Economic Affairs and Digital Transformation (Ministerio de Asuntos Económicos y Transformación Digital) has launched a public consultation on the upcoming B2B e-Invoicing mandate to improve the participation of citizens in the procedure of elaboration of norms, prior to its development. This public consultation is carried out through the web portal of the […]

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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 2, 2023 by Dilara Inal
India: New Invoice Reporting Portals

The Indian Goods and Services Tax Network (GSTN) has announced that new Invoice Reporting Portals (IRP) have been onboarded. IRPs act as a bridge between the taxpayer (or their Accredited Service) Providers and the tax authority backend platform called the GST Portal for the purposes of e-invoice issuance. Until the new 4 were IRPs announced, […]

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Posted February 27, 2023 by Andres Landerretche
Ecuador: Update of technical sheet of electronic vouchers Off-line scheme version 2.24

The Internal Revenue Service of Ecuador published an update of the electronic receipts technical sheet for its Off-line version. In this version the rates of certain ICE taxes are updated. Version 2.24 is available at the following link: here  

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Posted February 27, 2023 by Andres Landerretche
Peru: Change in the deadline for sending the electronic invoice.

Through Resolution No. 000003-2023, the National Superintendence of Customs and Tax Administration established a new maximum delivery period of three calendar days from the day after the date of issuance, to send the invoice or the linked electronic note to SUNAT or to the Electronic Services Operator (OSE), as appropriate. The extension of the term […]

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Posted February 27, 2023 by Enis Gencer
Singapore Government to Mandate InvoiceNow for B2G E-Invoicing

On February 24th, the Senior Minister of State, Mr. Chee Hong Tat, announced that within the next few years, InvoiceNow will become the default e-invoice submission channel for all Government vendors. InvoiceNow is a nationwide E-invoicing method operating on the Peppol network that facilitates the direct delivery of invoices in a structured digital format. Singapore has been implementing […]

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Posted February 22, 2023 by Paul Ogawa
IRS Issues Final Regulations Updating Electronic Filing Requirements for Information Returns

The Department of the Treasury and the Internal Revenue Service (IRS) recently published final regulations updating the electronic filing requirements for specified returns and other documents. These final regulations codify required changes made by the Taxpayer First Act which was signed into law back in 2019. Effective for calendar year 2024 (impacting returns filed after […]

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Posted February 22, 2023 by Andres Landerretche
Panama: Government Extends the Term for the Implementation of Authorized Tax Equipment or Electronic Billing System

The Ministry of Economy and Finance of Panama published Executive Decree No. 3 of 20 January 2023 in Official Gazette No. 29706-B on 23 January 2023, which granted an extension for the adoption of electronic invoicing mechanisms for several activities that were initially required to adopt one of the mechanisms available (“fiscal equipment” or the […]

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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 16, 2023 by Marta Sowińska
China: Expansion of the fully digitalized e-invoicing pilot program

China is expanding its fully digitalized e-invoicing (e-fapiao) pilot program, currently as of 1 January 2023 in scope to issue a fully digitalized e-fapiao are Shanghai, Guangdong, Inner Mongolia, Sichuan, Xiamen, Chongqing, Qingdao, Tianjin, Dalian, and Shaanxi provinces. Additionally, taxpayers nationwide are able to accept e-fapiao issued by the selected taxpayers in the above provinces. […]

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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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