Regulatory Analysis

Posted February 6, 2025 by Victor Duarte
Saudi Arabia: 20th Wave of Taxpayers in Scope of Phase 2 of E-Invoicing Announced

The Saudi Arabian Tax and Customs Authority (ZATCA) announced the 20th wave of Phase 2 of the e-invoicing initiative. The 20th wave includes taxpayers whose revenues subject to VAT exceeded (SAR 1. 5 Mn) (approximately USD 399K) during 2022 or 2023. Taxpayers within this group are expected to integrate with the system as of October 31, 2025. Phase 2 of the e-invoicing […]

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Posted February 6, 2025 by Victor Duarte
UAE Announces E-invoicing Public Consultation

The Ministry of Finance in the UAE announced on 6 February 2025 the launch of a Public Consultation on eInvoicing. This initiative aims to gather feedback from stakeholders on the proposed eInvoicing data requirements, ensuring transparency and alignment with industry needs. The Ministry of Finance hopes to: Establish a common understanding of data elements used […]

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Posted February 4, 2025 by Kelly Muniz
Italy: E-invoicing Schema Update

The Italian Revenue Agency (Agenzia delle Entrate) has announced important updates to the Italian mandatory e-invoicing “FatturaPA” technical specifications and schemas. The technical documentation has been updated to version 1.9 and will be effective from 1 April 2025. A summary of the main changes introduced by this updated version are as follows: · Introduction of Document […]

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Posted February 3, 2025 by Inês Carvalho
Belgium: new CTC e-reporting mandate from 2028

Belgium’s new coalition government has announced plans to introduce a complementary reporting requirement alongside the existing B2B e-invoicing mandate. With the current e-invoicing system operating through the 4-corner Peppol network, there was speculation that a 5-corner model would follow. The recent announcement confirms this, stating that e-invoicing systems, cash registers, and payment systems will be […]

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Posted January 31, 2025 by Kelly Muniz
Jordan: Phase 2 of the National E-invoicing System Announced

Jordan is moving forward with the implementation of its mandatory e-invoicing system, the National Billing System (NBS), which allows businesses and professionals to electronically issue and manage invoices. The NBS provides a platform for users to generate invoices directly or integrate with the system via API, streamlining the invoicing process and enhancing compliance with tax […]

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Posted January 27, 2025 by Inês Carvalho
Norway: Mandatory B2B e-invoicing on the horizon

The Norwegian Ministry of Finance announced the launch of a study into the introduction of mandatory electronic invoicing for business-to-business transactions. The Directorate of Taxes has been tasked with outlining the requirements and presenting a report by mid-June 2025. Electronic invoicing has been mandatory in the public sector since 2019. By extending this requirement to […]

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Posted January 23, 2025 by Carolina Silva
Australia Promotes Peppol E-invoicing

The Australian Government is enhancing its commitment to increase Peppol e-invoicing in the country. This commitment is highlighted in the State Budget for 2025. The Government recognizes its role in leading the uptake of e-invoicing in Australia and aims to promote the adoption of e-invoicing by all businesses, by continuing outreach efforts and considering a […]

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Posted January 22, 2025 by Mariadelc Aguilar
Chile: Obligation to Provide Printed Electronic Receipts for Face-to-Face Sales

Effective May 1, 2025, taxpayers who operate with an electronic receipt and/or electronic receipt depending on the payment method, must submit printed representation. In case of payment in cash or bank transfer, the electronic receipt. In the case of electronic means of payment, the receipt, or printed voucher. Businesses must display a poster or visible […]

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Posted January 17, 2025 by Victor Duarte
Hungary: Mandatory e-Invoicing for Electricity and Gas Trading Supplies Pushed to 1 July 2025

Last year the Hungarian Government implemented new regulations mandating electronic invoicing for electricity and natural gas supplies to non-private individuals beginning on 1 January 2025. However, to provide more time for taxpayers impacted by this requirement, the Government decided to push this deadline to July 1, 2025.  This obligation is outlined in Government Decree no. 273/2007. […]

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Posted January 17, 2025 by Talent Gwaindepi
Bosnia and Herzegovina: Draft Law on Mandatory E-invoice  

Bosnia and Herzegovina has published a draft Law  to introduce mandatory B2B, B2G, and B2C e-invoicing and real-time reporting requirements aimed at combating tax fraud. The transactions in scope include the sale of goods and services, transfer of property and other transactions as specified by the Minister of Finance. The draft law defines an e-invoice as […]

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Posted January 17, 2025 by Victor Duarte
Slovakia: Proposal to Adopt Mandatory Electronic Invoicing and Data Reporting From 2027

The Slovakian Government published a proposal to reform the VAT Act to adopt mandatory electronic invoicing and invoice data reporting from 1 January 2027. The proposal consists of: Mandatory Electronic Invoicing Adoption: effective 1 January 2027, all taxable persons must issue and receive invoices electronically adhering to the European standard for electronic invoicing. Domestic Invoice […]

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Posted January 15, 2025 by Talent Gwaindepi
Serbia: E-transport Law Enacted

The Serbian Parliament has adopted the law on Electronic Goods Delivery Notes, introducing a mandatory e-transport system. The Law was published in Serbia’s official Gazette no.94/2024 and went into effect on 6 December 2024. Earlier, a draft law was published, and the adopted law is largely identical to the draft law. The bylaws regulating the […]

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Posted January 15, 2025 by Victor Duarte
Saudi Arabia: 19th Wave of Taxpayers in Scope of Phase 2 of E-Invoicing Announced

The Saudi Arabian Tax and Customs Authority (ZATCA) announced the 19th wave of Phase 2 of the e-invoicing initiative. The 19th wave includes taxpayers with revenue of at least SAR 1.75 million (approximately USD 466K) who were subject to VAT during 2022 or 2023. Taxpayers within this group are expected to integrate with the system as of September 30th, 2025. Phase 2 of the e-invoicing […]

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Posted January 14, 2025 by Kelly Muniz
Greece: Nearing EU Derogation for Mandatory B2B E-Invoicing

Greece is close to receiving a derogation from the European Union (EU) in order to introduce a country-wide B2B e-invoicing mandate. The European Commission has published a proposal for a Council Implementing Decision to grant Greece such authorization. According to the Commission’s proposal decision, the Greek e-invoicing obligation will cover transactions between taxable persons established […]

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Posted January 14, 2025 by Mariadelc Aguilar
Argentina: Exchange Rate for Foreign Currency Transactions Specified

Through General Resolution No. 5616/2024, the authority updates the different modalities of issuance of vouchers for those who carry out operations in foreign currency, applicable to class “A”, “B”, “C”, “E” and “T” vouchers: When they are paid in the same currency, the seller-currency exchange rate reported by the Banco Nacion corresponding to the business […]

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Posted January 3, 2025 by Kellianne Munichiello
Wisconsin Updates W-2 / 1099 Electronic Filing Specifications

Wisconsin recently updated Publication 172 (Annual W-2, W-2C, 1099-R, 1099-MISC, 1099-NEC, 1099-K, and W-2G) Electronic Reporting. Notably, Wisconsin has indicated that it will accept 1099 records transmitted using the new federal Information Return Intake System (IRIS) XML format for tax year 2024 and beyond. IRIS formatted files can be submitted using secure file transfer protocol […]

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Posted December 30, 2024 by Mariadelc Aguilar
CHILE: Tax authority reiterate legal requirements on the issuance of invoices for supermarkets and restaurants.

On December 19, the SII issued Exempt Resolution 121 through which it reiterates the requirements for supermarkets and restaurants in terms of invoicing as of March 1, 2025: They must issue sales and service receipts for all transactions carried out with end consumers. The issuance of invoices by supermarkets is restricted to when the goods […]

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Posted December 30, 2024 by Mariadelc Aguilar
PERU: The deadline for maintaining the Sales and Income Registry and the Purchase Registry through the Integrated Electronic Registry System (SIRE) has been postponed.

Superintendence Resolution No. 000293-2024/SUNAT postpones from January 2025 to July 2025 the opportunity from which certain subjects who are required to keep the Sales and Income Register and the Purchase Register through the Integrated Electronic Records System (SIRE) must keep the Sales and Income Register and the Purchase Register through the Integrated Electronic Records System […]

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