Regulatory Analysis

Posted November 27, 2023 by Dilara İnal
Ghana: Expansion of Taxpayers for Electronic Invoicing System “e-VAT”

The Ghana Revenue Authority (GRA) launched its mandatory electronic invoicing system, known as e-VAT, in October 2022. The pilot group included 50 large taxpayers. According to the 2024 Budget, the second phase will expand the e-VAT system to include an additional 600 large taxpayers, as well as more than 2000 small and medium-sized taxpayers throughout […]

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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 […]

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Posted November 27, 2023 by Maria del Carmen
MEXICO: SAT publishes the Instructions for filling out the Carta Porte supplement.

SAT publishes the Instructions for filling out the Carta Porte supplement 3.0. On November 24, the SAT published the Instructions for filling out the Carta Porte Supplement 3.0 for maritime, air, rail and motor transport.

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Posted November 24, 2023 by Dilara İnal
Germany: Extended transition to e-invoicing passes Bundestag

The Bundestag, the lower house of the German Federal Parliament, passed the Growth Opportunities Act introducing mandatory e-invoicing for domestic B2B transactions. The general transition period (voluntary phase) has been extended by one year compared to the federal government draft. This means paper invoices will be accepted until the end of 2026. Additionally, smaller businesses […]

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Posted November 20, 2023 by Dilara İnal
Saudi Arabia: New taxpayer group in scope of Phase 2 of e-invoicing announced

The Saudi Arabian Tax and Customs Authority, ZATCA, announced the ninth wave of Phase 2 of e-invoicing. The ninth wave covers taxpayers with at least SAR 30 million (app. USD 8 million) revenue subject to VAT for 2021 or 2022. Taxpayers within this group are expected to integrate as of 1 June 2024. Phase 2 […]

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Posted November 14, 2023 by Maria del Carmen
PERU: The tax authority issues the Guide to Accept Proposal from the SIRE.

The tax authority issues the Guide to Accept the Proposal from the SIRE (Integrated System of Electronic Records). SISTEMA INTEGRADO DE REGISTROS ELECTRONICOS – SIRE | Comprobantes de Pago Electrónicos ( 

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Posted November 14, 2023 by Marta Sowińska
China: expansion of the e-fapiao pilot program

The Pilot Program for issuing fully digitized electronic invoices (e-fapiao) has been expanded to the new provinces and cities: Anhui, Beijing, Guizhou, Hunan, Ningxia, Qinghai and Shandong. According to the announcements published by the tax authorities in October 2023, selected taxpayers in these provinces and cities, will be able to issue fully digitized e-fapiao. In […]

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Posted November 8, 2023 by Marta Sowińska
Bulgaria: e-Transport system implemented

The Bulgarian Tax Authority National Revenue Agency (NRA) has implemented a mandatory regime for the preliminary declaration of data on the transportation of high fiscal risk goods on the territory of the Republic of Bulgaria, in line with Ordinance No H-5 of September 29, 2023. Scope: the mandatory reporting of data applies to: From October […]

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Posted November 3, 2023 by Joanna Hysi
Greece myDATA: Extension of reporting deadlines & other changes

A joint decision of the Ministry of Finance and the tax authority, AADE, published on October 31, 2023, introduced certain amendments to the myDATA framework: The reporting of historical data that took place in 2022, has been extended as follows: Expenses and self-billing income must be reported until Dec. 31, 2023 (previously Oct. 31, 2023) […]

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Posted November 3, 2023 by Carolina Silva
Singapore: Mandatory e-invoicing based on Peppol

In the Forum of Tax Administration held in October 2023 in Singapore, the government confirmed they will adopt InvoiceNow, the national e-invoicing framework based on the Peppol network as the mandatory framework for B2G transactions in the country. Recently, testing of a 5-corner instead of the existing 4-corner model as the InvoiceNow Peppol exchange model […]

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Posted November 3, 2023 by Marta Sowińska
Serbia: Amendments to the Law on E-Invoicing via SEF

The amendments to the Law on Electronic Invoicing via SEF were adopted by the National Assembly of the Republic of Serbia and published in the “Official Gazette of the Republic of Serbia” No. 92/23 on October 27, 2023. The main changes are the following: the obligation of electronic registration of preliminary tax and correction of […]

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Posted October 26, 2023 by Marta Sowińska
Poland: proposed changes to the VAT return in relation to KSeF

On October 24, 2023, the Ministry of Finance in Poland published draft legislation amending the regulation on the scope of data included in the country’s VAT return (JPK_VAT) and opened a public consultation in relation to the draft law. The proposed amendments aim to adapt the VAT return to the mandatory e-invoicing via KSeF, and […]

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Posted October 26, 2023 by Dilara İnal
Israel: Updated timeline of invoice clearance model

Israel is implementing a Continuous Transaction Controls (CTC) regime which was initially scheduled to roll out on January 1, 2024. On October 23, 2023, the Israeli Tax Authority (ITA) announced that the timeline has been extended to offer businesses more time to complete their technological development. According to the announcement, the ITA will allow deduction […]

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Posted October 25, 2023 by Dilara İnal
Mauritius: E-invoicing regulations published

Mauritius is now among the countries that have embraced mandatory e-invoicing, bringing forth robust technical standards for taxpayers. This transformation was initiated through the Finance Act of 2022, which introduced significant amendments to the VAT Act. As the latest update, in September 2023, the Minister of Finance issued the VAT E-invoicing Regulations which came into […]

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Posted October 25, 2023 by Maria del Carmen
MEXICO: The authority announces, among other adjustments, the mandatory dates of the Carta Porte supplement version 3.0.

The tax authority through the First Anticipated Version of the 8th Resolution of Modifications to the Miscellaneous Tax Resolution for 2023 among others, modifies the Rule relating to the Requirements of the printed representations of the CFDI, indicating that in the case of the CFDI to which the Carta Porte is incorporated, the structure […]

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Posted October 17, 2023 by Marta Sowińska
Estonia takes steps towards mandatory e-invoicing

Estonia is planning changes to its Accounting Act to implement a customer-imposed B2B e-invoice mandate in accordance with the European e-invoicing standard. The intended changes are: To remove the reference to the Estonian e-invoice standard To give all accounting entities registered as receivers in the commercial register the right to demand an e-invoice that complies […]

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Posted October 17, 2023 by Robert Pelletier
Canary Islands: Reduced VAT Rates on Face Masks and Gloves Expires September 30, 2023

Pursuant to Decree Law 4/2023, the zero-rate VAT rate that temporarily applied to supplies of face masks and gloves expired on September 30, 2023. The decree can be found here (in Spanish).

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Posted October 13, 2023 by Dilara İnal
Germany: Clarifications shared by the Ministry of Finance on B2B e-invoicing plans

The Federal Ministry of Finance (MoF) has recently shared additional information on electronic invoicing which is among the proposed tax measures included in the Growth Opportunities Act. In July 2023, The MoF published its proposal to amend VAT law to introduce mandatory e-invoicing for domestic B2B transactions. The federal government approved this proposal in August […]

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