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 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 16, 2021 by Filippa Jörnstedt
Chinese e-invoicing pilot extended to Shanghai as of December 2021

The Chinese e-invoicing pilot program, which has gradually been expanded in its new form since January 2021, has now welcomed a new batch of cities into the program. The updated version of the Chinese CTC e-invoicing pilot program, which is intended to allow businesses to issue e-invoices as well as to receive and verify them […]

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Posted December 16, 2021 by Enis Gencer
Turkey: The Turkish Revenue Authority (TRA) published two announcements

TRA published an announcement which provides updates on the UBL-TR Guide and E-Fatura package on 25 November 2021. According to the announcement; A new code (337) was added to the complete list of exemption codes in the UBL-TR guide. A code (650) was removed from the list of codes (page 13) in the UBL-TR guide. […]

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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 6, 2021 by Ramón Frias
URUGUAY: Versions 22.2 of the Technical Standard and 1.41.2 of the XSD are now in Production

The tax administration of Uruguay (DGI) has informed the latest versions of the technical standard, and the XSD of the electronic invoice that previously were in testing status, are now being considered as officially published, meaning that they are now in production mode. The new version can be found here.

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Posted December 6, 2021 by Ramón Frias
COSTA RICA: New Version 4.4 of the Electronic Invoice

The Costa Rican tax administration has released a project of New Version 4.4 of the Electronic Invoice of the Country. This project of a new version would become effective (probably) in January or February 2022 if approved as originally proposed.

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Posted December 6, 2021 by Ramón Frias
COLOMBIA: Implementation of Technical Documentation for the Electronic Invoice for the Healthcare sector postponed

The Ministry of Healthcare of Colombia (MINISTRO DE SALUD Y PROTECCIÓN SOCIAL) has issued a new resolution postponing the effective date for the implementation of the technical documentation related to the electronic invoice for the health care sector. Based on the provisions of Art. 1 Resolution 506/2021 as modified by the provisions of Resolution 1526/2021, […]

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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 December 3, 2021 by Gabriel Pezzato
Italy: FatturaPA for cross-border flows to be postponed

The FatturaPA was expected to replace the Esterometro in January 2022. However, a last-minute addition to the country’s 2022 budget law might postpone the requirement until July 2022. The legislative process is ongoing, which means that the postponement is possible, but not officially decided.

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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 29, 2021 by Enis Gencer
Turkey Expands Scope of E-Documents

The Turkish Revenue Administration (TRA) published a Draft Communique that includes significant changes to the Tax Procedure Law General Communique No. 509, which initially aimed to unify all e-document regulations when it was published in October 2019. With the Draft Communique, the TRA will lower the current gross sales revenue threshold for mandatory e-fatura and […]

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Posted November 18, 2021 by Ramón Frias
Bolivia: Tax Administration Issues a New Invoicing Regulation

The Bolivian tax administration of Bolivia (SNI) has issued the Resolution RND-102100000011, which regulates the new invoicing regime of the country. This new provision not only establishes the regulatory framework for electronic invoices, but also for all other types of physical invoices and the conditions for issuance, delivery, validation and archiving of those documents. According […]

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Posted November 16, 2021 by Ramón Frias
Paraguay: New Timeline for Implementation of the e-Invoicing Mandate

The tax administration of Paraguay (SET) has issued a new resolution 95/2021 establishing the deadlines for certain taxpayers to start issuing electronic invoices and for others to join to the voluntary program that has been running for a while. According to this new resolution, all taxpayers that are part of the pilot program as indicated […]

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Posted November 3, 2021 by Ramón Frias
PERU: SUNAT postpones e-invoicing obligations for certain taxpayers

According to Resolution 279/2019, the Peruvian tax administration (SUNAT) requires taxpayers with revenues over a certain threshold to start issuing electronic invoices and receipts. For most taxpayers, that obligation began on 1 January 2021; however, small to medium taxpayers with annual revenues between 23 and 75 Fiscal Units (1,008 to 75,600 US dollars) will have […]

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Posted November 3, 2021 by Ramón Frias
PERU: New Resolution to Postpone the New Deadlines for Remittance and Validation of eInvoices and related Notes:

The Peruvian tax administration has issued a new resolution 150-2021/SUNAT postponing until January 1, 2022, the new two days deadline for the remittance of the electronic invoice and the corresponding credit or debit notes to the SUNAT or the OSE. During December, there will be two temporary deadlines for the remittance of the electronic invoice […]

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Posted November 1, 2021 by Ramón Frias
ARGENTINA: New Version 1.9.0 of the Electronic Invoice for Exports released

The Argentinean tax administration (AFIP) has released a draft of the new technical documentation for the Electronic Invoice for Export. Compared with previous version 1.8.0, the purpose of this update is to include version 2 of the simplified export functionality. Along with this change, the following codes have been deprecated: 2000, 2009, 2014, 2015, 2024, […]

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