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Serbia introduces e-invoicing from 2022

Electronic tax requirements are becoming more and more common, and not only among EU countries. It is worth mentioning recent developments in Egypt e-invoicing,

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US launched e-Invoicing market pilot

In early July 2021 the Business Payments Coalition (BPC) in cooperation with the Federal Reserve has announced the pilot program (e-Invoice Exchange Market Pilot),

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Italy replaces Esterometro with SdI from 2022

Italy is going to remove the Esterometro obligation as of January 2022. Consequently, foreign transactions (including intra-community ones) will have to be reported in

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VAT e-Commerce Package – a new era in B2C business

The long-awaited e-Commerce revolution finally became a reality on 1 July 2021. The first plans were made back in 2017, when the EU Council

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Mandatory SAF-T in Romania from 2022

Romania is introducing obligatory SAF-T reporting as of January 2022. The first stage applies to large taxpayers. The local, Romanian name for the new

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Digital VAT return to be introduced in Norway in 2022

Norway is implementing major changes in VAT reporting. As of January 2022, VAT returns will have to be reported electronically, and directly from the

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Portugal makes ATCUD and QR codes obligatory invoice elements

Invoices issued by Portuguese taxpayers will soon have to include two additional elements: ATCUD codes and QR codes. Those long-awaited new requirements will become

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Egypt extends mandatory e-Invoicing to all taxpayers

All large Egyptian companies need to join the country’s e-invoicing system before July 2021. As of 2022 the requirement will be extended to all

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KSA e-Invoicing 2021 – Regulatory & Technical Outlook

The Kingdom of Saudi Arabia (KSA) is proceeding with the implementation of the e-Invoicing mandate and aims to close the first important milestone on

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BREXIT SERIES CHAPTER 4: IMPACT ON VAT COMPLIANCE

The European Union imposes strict VAT compliance requirements on non-EU businesses. In particular, the VAT refund procedure under the 13th Directive for companies from

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BREXIT SERIES CHAPTER 3 – THE NORTHERN IRELAND STATUS AND THE CHALLENGES

Based on the special arrangement between the EU and the UK (the NI Protocol), until the end of 2024 Northern Ireland will be treated

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BREXIT SERIES CHAPTER 2 – NEW APPROACH TOWARDS GOODS AND SERVICE TRANSACTIONS

Brexit – a new VAT chapter in EU trade Although Brexit formally took place on 1 February 2020, it is the date of 1st

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BREXIT SERIES CHAPTER 1: SUMMARY OF VAT CHANGES

On 1 January 2021, the United Kingdom left the European Union’s VAT territory. As such, UK businesses and their partners face various significant VAT

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Changes in Spanish SII from 2021

As of 2021 the new SII version 1.1. comes into force and constitutes the biggest change in SII reporting since its introduction in July

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AUSTRALIA AND NEW ZEALAND CHOSE PEPPOL TO DRIVE THE E-INVOICING JOURNEY

Australia and New Zealand (hereinafter referred to as: A-NZ) have been making good progress in e-invoicing implementation over the last two years. Currently, having

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Making Tax Digital (MTD) – digital links required as of April 2021

At the moment, businesses operating in the United Kingdom have a lot of VAT work to get through because of Brexit. There are significant

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X-RECHNUNG ENTERS THE NEXT PHASE – NEW COMPLIANCE REQUIREMENTS AS OF 27/11/2020

On 27th November 2020 another important step was taken by the German government in the digitalisation of invoicing across all regions. So far, the

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INTEGRATED E-INVOICING MODEL

Indian e-invoicing model qualifies as a high-standard e-invoicing solution under which an integration has been achieved between e-invoicing, VAT return and transport documentation. In

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VIETNAMESE E-INVOICING IN PROGRESS

The Vietnamese e-invoicing mandate has just been officially postponed from 1st November 2020 until 1st July 2022. Taxpayers will therefore remain in the transitional

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Changes in Italian e-invoices mandatory as of January 2021

Italian tax authorities (Agenzia Entrate) have recently published new technical specification of electronic invoices – Fattura for B2B transactions and Fattura PA for B2G

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Electronic filing of VAT returns in Switzerland mandatory from 2021

Recent global International Tax Competitiveness Index 2020 – a ranking published by Tax Foundation – placed Switzerland in fourth position overall, and at first

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Egypt: Mandatory e-Invoicing as of November 2020

Egyptian VAT has just turned four years old. In September 2016, VAT replaced GST. Despite its short history, the Egyptian VAT system follows the

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Tax clearance and e-invoicing revolutionize the VAT compliance world

The technology and digitalization trends are overwhelming and, what is even more disruptive, extremely dynamic. It means that the solutions that seemed revolutionary a