Regulatory Analysis

Posted February 20, 2024 by Marta Sowińska
Belgium: Legislative Process to Introduce Mandatory B2B e-Invoicing Completed

On 20th February the law introducing mandatory B2B e-invoicing in Belgium was published in the Official Gazette, available here. This means that starting from 1 January 2026, VAT-registered taxpayers established in Belgium will be required to issue and receive structured e-invoices, while non-established foreign taxpayers with a VAT-registration in Belgium will be required to receive […]

Read more
Posted February 14, 2024 by Dilara İnal
UAE: Ministry of Finance unveils e-invoicing plan details

The Ministry of Finance of the United Arab Emirates (MoF) has revealed its plans for previously announced E-Billing System, on 14 February 2024. The MoF is initiating a regime that couples CTC Reporting with an e-invoicing mandate. This mandate employs a Decentralized Continuous Transactions Control and Exchange (DCTCE) five corner model. This framework facilitates the […]

Read more
Posted February 9, 2024 by Carolina Silva
Malaysia: Technical guidelines for e-invoicing system released

The Inland Revenue Board of Malaysia (IRBM) has just released the long-awaited Software Development Kit, which includes relevant technical documentation for the CTC mandate to be implemented, starting in August of 2024. According to the IRBM, the e-Invoice Software Development Kit is a collection of tools, libraries, and resources providing a set of functionalities, Application […]

Read more
Posted February 7, 2024 by Marta Sowińska
Poland to Reveal New KSeF Mandate Start Date in April-May 2024

On February 2nd, the Minister of Finance (MoF) held a meeting with business representatives to discuss next steps regarding implementation of mandatory e-invoicing through KSeF. During the meeting, several key assurances and plans were outlined by the MoF: The implementation of mandatory e-invoicing through KSeF is confirmed An announcement of the new starting date for […]

Read more
Posted February 5, 2024 by Carolina Silva
Malaysia: Pilot Phase starting in May 2024

Malaysia is implementing a CTC clearance model starting in August 2024 for large taxpayers undertaking commercial activities in the country. Following recent postponements of the mandate, the pilot phase set to start in January of 2024 has also been postponed and, until recently, no date had been communicated for its launch. The Inland Revenue Board […]

Read more
Posted February 5, 2024 by Marta Sowińska
Belgium: mandatory B2B e-invoicing approved by the Parliament

On 1 February, 2024, the Belgian Parliament approved the law implementing mandatory domestic B2B e-invoicing in the country, starting from 1 January 2026. The adopted bill can be found here. This means that starting from 1 January, 2026 all VAT-registered taxpayers established in Belgium will be required to issue/receive structured electronic invoices. Peppol will be […]

Read more
Posted January 31, 2024 by Marta Sowińska
Latvia: plans for mandatory B2B e-invoicing announced

On January 26th, 2024, Latvia’s Ministry of Finance unveiled a 4-year plan aimed at curbing the shadow economy and fostering stable economic development. A key component of this initiative involves the implementation of a Continuous Transaction Controls (CTC) regime for B2B transactions. Scheduled to commence by the end of 2025, the CTC regime is expected […]

Read more
Posted January 23, 2024 by Dilara İnal
India: Withdraws decision to block e-waybill generation in absence of e-invoice details

The Indian tax authority’s previously announced plan to block the generation of e-waybills without corresponding e-invoice details, effective from 1 March 2024, has been withdrawn. In India, it is obligatory for taxpayers surpassing a specified threshold to issue electronic invoices for B2B and B2G transactions. Those under the mandatory e-invoicing regime must generate e-waybills for […]

Read more
Posted January 19, 2024 by Marta Sowińska
Poland: e-invoicing mandate postponed

Poland’s Ministry of Finance announced today the postponement of its e-invoicing mandate. Originally scheduled for July 2024, the initiative has been postponed indefinitely due to major errors identified in the KSeF system. The Minister of Finance emphasized that the current technical status of the KSeF system poses substantial challenges, preventing its secure implementation in Poland. […]

Read more
Posted January 8, 2024 by Dilara İnal
India: E-waybill issuance without e-invoice details blocked

National Informatics Centre (NIC) announced on 5 January 2023, e-waybill generation will not be allowed without e-invoice details starting from 1 March 2024. In India, it is mandatory for taxpayers exceeding a certain threshold to generate electronic invoices for B2B and B2G transactions. Suppliers falling within the mandatory scope of e-invoicing must generate e-waybills relating […]

Read more
Posted January 5, 2024 by Marta Sowińska
Belgium: draft legislation on mandatory B2B e-invoicing now published

The draft legislation on 28 December 2023 introducing mandatory B2B e-invoicing in Belgium has been made publicly available and is now awaiting the Belgian Parliament’s approval. After its approval, the e-invoicing mandate is planned to enter into force from 1 January 2026 and impact all VAT-registered taxpayers established in Belgium. The taxable persons who are […]

Read more
Posted December 20, 2023 by Filippa Jörnstedt
France: e-Invoicing Implementation Schedule Confirmed

The previously proposed delays to the roll-out schedule of the French e-invoicing mandate should now be considered as finalized, following a push from the French Government yesterday to move the Finance Law for 2024 to a vote without a prior debate, thereby closing the door to further amendments. As part of the Finance Law for […]

Read more
Posted December 15, 2023 by Inês Carvalho
Romania: Amendments published to B2B e-invoicing mandate

Following the recent enactment of the law implementing the B2B e-reporting and e-invoicing mandate in Romania, a draft amendment has been published by the Ministry of Finance, on December 13, 2023, introducing some new requirements to the existing mandate. Among other measures and clarifications, the draft law aims to implement the following obligations: A new […]

Read more
Posted December 14, 2023 by Marta Sowińska
Belgium: legislative process moving forward regarding B2B e-invoicing

On December 8, 2023, at the second reading, The Council of Ministers in Belgium approved a draft law regarding the introduction of mandatory B2B structured electronic invoicing. This means that the legislative process is moving forward with January 1, 2026, as the intended go-live date of the mandate. The preliminary draft law is awaiting the […]

Read more
Posted December 14, 2023 by Marta Sowińska
China: last province added in the Pilot Program

Following the recent developments in China regarding the Pilot Program for e-Invoicing, whereby the program has been expanded to new provinces and cities in November 2023, the last province of Tibet has now been added to the Pilot Program for issuing fully digitalized electronic invoices (e-fapiao) among selected taxpayers. Therefore, from December 1, 2023, the […]

Read more
Posted November 29, 2023 by Dilara İnal
Turkey: Extension granted for e-ledger submission deadline

The Turkish Revenue Authority (TRA) issued a circular on November 29, 2023, announcing that the deadline for the creation and signing of e-ledgers and submission of e-ledgers to TRA system has been extended to provide taxpayers additional time to fulfill these obligations. Originally due on 30 November 2023, the deadline has now been updated as […]

Read more
Posted November 28, 2023 by Marta Sowińska
Poland: Draft Act regarding QR code and offline modes published

On November 26, the Ministry of Finance published two long-awaited draft acts regarding mandatory e-invoicing via KSeF. Draft Regulation on the use KSeF, covering: verification codes (i.e. QR codes): included on the invoices sent to the buyer outside of KSeF and in the event of system or taxpayer failure to connect with KSeF (offline modes). […]

Read more
Posted November 27, 2023 by Dilara İnal
Kenya: Update on invoice generation supported by the eTIMS

The Kenya Revenue Authority (KRA) announced on November 17, 2023, that business expenditures not supported by tax invoices generated through the Electronic Tax Invoice Management System (eTIMS) will not be eligible for tax deductions starting from January 1, 2024. All entities conducting business in Kenya, irrespective of their VAT registration status, are mandated to accept […]

Read more