Regulatory Analysis

Posted December 3, 2024 by Talent Gwaindepi
Saudi Arabia: 18th Wave of Taxpayers in Scope of Phase 2 of E-Invoicing Announced

The Saudi Arabian Tax and Customs Authority (ZATCA) announced the 18th wave of Phase 2 of the e-invoicing initiative. The 18th wave includes taxpayers with a revenue of at least SAR 2 million (approximately USD 532 200, 00) that were subject to VAT during 2022 or 2023. Taxpayers within this group are expected to integrate with the system as of […]

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Posted December 3, 2024 by Inês Carvalho
Romania: Proposed Amendments to e-Invoicing, e-Transport and e-VAT Legislation

On December 2nd, a Draft Government Emergency Ordinance was published, proposing amendments to Romania’s e-invoicing, e-transport and e-VAT mandates. E-invoicing Simplified invoices are set to come under the scope of mandatory e-invoicing and reporting requirements from January 2025. For mandatory B2B e-invoicing between established taxpayers, it is clarified that transactions with a place of supply […]

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Posted December 3, 2024 by Kelly Muniz
Greece: Mandatory E-Transport Obligation Postponed

The Greek Tax Authority (Independent Authority for Public Revenue, IAPR) has announced the postponement of the obligation to transmit transport document data to the myDATA platform in real time. This was set to become mandatory from 1 Dec 2024 for the first impacted groups. The newly announced deadlines are as follows: Phase 1 Features and […]

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Posted December 3, 2024 by Mariadelc Aguilar
Costa Rica: New Regulation of Electronic Receipts for Tax Purposes

On November 8, 2024, the new regulation was published, which repeals the previous Regulation (Executive Decree 1° 41820-H of June 19, 2019).  Among the most important changes are: Create an additional receipt (Electronic Payment Receipt), which will serve to support partial payments. If the issuer or receiver of the electronic receipt does not confirm it […]

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Posted December 3, 2024 by Mariadelc Aguilar
Costa Rica: New Technical Provisions of Electronic Tax Receipts

The General Resolution MH–DGT-RES-0027-2024 on the technical provisions of electronic receipts for tax purposes was published and among other changes, It establishes the dates of implementation of the Version 4.4 and its annexes. VERSION 4.4. Effective as of June 1, 2025, as of that date Version 4.3 is repealed, which may only be used to […]

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Posted November 29, 2024 by Victor Duarte
China: Voluntary e-invoicing soon to be possible across country

The State Taxation Administration (STA) in China recently decided to officially promote the optional adoption of digital electronic invoices throughout the country. The announcement, effective from 1 December 2024, confirms that digital invoices will have the same legal effect as paper invoices and will have the following categories: VAT special invoices. Ordinary invoices. Air transport […]

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Posted November 29, 2024 by Victor Duarte
Hungary: Mandatory e-invoicing for electricity and gas trading supplies from 2025

Starting January 1, 2025, new regulations will mandate electronic invoicing for electricity and natural gas supplies to non-private individuals. This obligation is outlined in Government Decree no. 273/2007. The framework does not require e-invoices to be issued in any specific format, nor does it require a specific method for the exchange of the electronic invoice. […]

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Posted November 21, 2024 by Mariadelc Aguilar
Chile: Additional Mandatory Information for Taxpayers Who Carry Out Forestry Activities

Starting November 1, e-transport documents and invoices from taxpayers involved in forestry activities must include information about the production, transport, sale, storage, deposit, maintenance, or collection of logs or wood from non-native species on private lands or forests. Other information includes: Goods origin and destination data Authorization number for the development of the activity Unit […]

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Posted November 15, 2024 by Kelly Muniz
Greece: myDATA Technical Specifications v.1.0.10 Published in Test Environment

The Greek Independent Authority for Public Revenue (AADE) has published updated myDATA technical specifications. The new version 1.0.10 is now available in the myDATA Test Environment. The main changes of the updated version are the following: Fuel Invoices submission via ERP: transmission of fuel invoices (liquid fuel sales invoice) is now supported through the ERP […]

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Posted November 13, 2024 by Talent Gwaindepi
India: Lower Threshold for E-invoices to Be Sent to IRP Within 30 Days

On November 5, 2024, the Indian Goods and Services Tax Network announced a lower threshold for invoices to be sent to the Invoice Registration Portal (IRP) within the 30 days of the invoice date. As of 1 April 2025, taxpayers with an annual turnover of at least Rs 10 Crores (app. EUR 110 000) must […]

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Posted November 11, 2024 by Mariadelc Aguilar
Ecuador: Tax Authority Sets Deadline For Electronic Sales Receipt Transmission

The Ministry of Energy and Mines of Ecuador issued an Agreement declaring an emergency in the national electricity sector. On October 30, the tax authority issued Resolution NAC-DGERCGC24-00000035, which establishes regulations that allow compliance with the formal duties of issuance of sales receipts. The first paragraph of Article 7 of the Resolution No. NACDGERCGC18- 00000233 […]

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Posted November 8, 2024 by Mariadelc Aguilar
Dominican Republic: Decree Establishing the Regulation of the Electronic Invoicing Law Enacted

On October 10, the Decree that establishes the Regulation of the Electronic Invoicing Law was enacted.  Among the most relevant points contemplated by the Regulation are: Definitions of the elements that integrate the billing system. The deferred sending of electronic tax receipts, the contingency process. The Requirements to be an electronic issuer. Online validation establishing […]

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Posted November 7, 2024 by Kelly Muniz
Poland: MoF Initiates Final KSeF Consultations and Publishes Draft Act and FA(3) Schema

As previously announced, the Polish Ministry of Finance (MoF) has initiated the final consultation process for its National e-Invoicing System (KSeF). This involves collecting the public’s comments on the new KSeF Draft Act and the updated logical structures FA(3) and FA_RR(1) that have also been published. The objective of the proposed legislation and updated schemas […]

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Posted November 5, 2024 by Victor Duarte
Saudi Arabia: 17th Wave of Taxpayers in Scope of Phase 2 of E-Invoicing Announced

The Saudi Arabian Tax and Customs Authority (ZATCA) announced the 17th wave of Phase 2 of the e-invoicing initiative. The 17th wave includes taxpayers with a revenue of at least SAR 2.5million (approximately USD 660.000) that were subject to VAT during 2022 or 2023. Taxpayers within this group are expected to integrate with the system as of July 31st, 2025. […]

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Posted November 5, 2024 by Victor Duarte
Latvia: Accounting Law Amended to Adopt Mandatory E-Invoicing

The Latvian parliament approved amendments to the Accounting Law, mandating the use of structured electronic invoices for transactions involving goods and services. The implementation timeline is as follows: 1 January 2025: obligation to issue structured e-invoices in B2G transactions (to the budget institutions) 1 January 2026: obligation to issue structured e-invoices in B2B transactions The MoF announced […]

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Posted November 5, 2024 by Kelly Muniz
EU: VAT in the Digital Age Approved

The long-awaited VAT in the Digital Age (ViDA) proposal has been officially approved. On November 5, 2024, during the Economic and Financial Affairs Council (ECOFIN) meeting, EU member states unanimously agreed on adopting the ViDA package. This decision marks a major milestone in modernizing the VAT Directive, setting the stage for a more efficient and […]

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Posted October 31, 2024 by Kelly Muniz
UK: Government Confirms Launch of Public Consultation on E-Invoicing

Following an announcement by the head of His Majesty’s Treasury in late September 2024, the UK Revenue and Customs authority (HMRC) has confirmed an upcoming public consultation on e-invoicing as part of the 2024 Autumn Budget published on 30 Oct 2024. According to the announcement, the government will launch the consultation in early 2025 to […]

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Posted October 29, 2024 by Kelly Muniz
Poland: Draft Law on KSeF Added to Council of Ministers’ Legislative Agenda

The Draft law proposing changes to the Polish KSeF e-invoicing system has been included in the legislative program of the Polish Council of Ministers. It addresses the topics raised during consultations held earlier this year. According to the official publication, the proposal aims to introduce measures to simplify the implementation and use of the KSeF […]

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