Articles

• 27

• Sep

Articles

Five key questions about e-Invoicing in the Philippines

The Bureau of Internal Revenue (BIR) launched a new web-based system, called the Electronic Invoicing/Receipting System (EIS), as part of the BIR’s Digital Transformation

• 09

• Sep

Articles

E-invoicing in the Philippines

Asia is becoming a leader in digital tax reporting. Many Asian countries introduce electronic obligations, including Vietnam, Thailand, and South Korea. Another country implementing

• 05

• Sep

Articles

EU Plastic Tax

The Paris Agreement’s signatories have been laying out their goals for reducing carbon emissions. Overall the globe, European Union seems to be the region

• 31

• Aug

Articles

Five key questions about e-Invoicing in Portugal

The Portuguese government has been implementing an e-Invoicing system since 18 April 2020, pursuant to Directive 2014/55/EU of the European Parliament, managed by the

• 17

• Aug

Articles

Five key questions about e-Invoicing in Saudi Arabia in phase 2

The KSA’s e-Invoicing system, which is named Fatoora, was introduced by the tax authority (GAZT) in 2021 and divided it into two phases: generation

• 09

• Aug

Articles, News

In Spain, B2B e-Invoicing will become mandatory

The Spanish government has mandated e-Invoicing in B2G transactions since 2015. With the law “Crea y Crece” B2B electronic invoicing is also approved. Scope

• 04

• Aug

Articles

Five key questions about e-Invoicing and e-Reporting in France

There are several e-tax reports necessary before diving into e-invoicing. The French Ministry of Finance introduced a standard audit file, named Fichier d’Ecritures Comptables

• 25

• Jul

Articles

Vietnam launched e-Invoicing – status for 2022

The extended deadline for the implementation of e-Invoicing in Vietnam finally came into force on 1st July 2022. Based on the Tax Administration Law

• 19

• Jul

Articles

Five key questions about e-Invoicing in Egypt

The Egyptian Tax Authority (ETA) has already obliged most businesses to submit electronic invoices to its online portal. The ETA is responsible for the

• 13

• Jul

Articles

e-Invoicing System in Thailand

Currently, digital tax reporting requirements come into force all around the world. There are plenty of e-Invoicing, SAF-T, and similar obligations in Europe. However,

• 28

• Jun

Articles

Five key questions about e-Transformation in Romania

The Romanian Government has announced multiple electronic tax and accounting reporting implementations, starting with the obligation of the Standard Audit File, the official name

• 22

• Jun

Articles

Five key questions about e-Receipt in Egypt

Egypt’s Ministry of Finance first announced and initiated integration of its e-Invoicing system, which covers business-to-business transactions (B2B), in 2020. Full implementation has not

• 06

• Jun

Articles

Five key questions about e-Transport in Romania

Through Government Emergency Ordinance no. 41/2022 (GEO no. 41/2022), Romanian Ministry of Finance and ANAF are planning to introduce a national e-Transport system to

• 23

• May

Articles

Five key questions about e-Invoicing in Romania

The National Agency for Fiscal Administration (ANAF) has already introduced a lot of electronic tax regulations in Romania, starting with SAF-T (Informative Declaration D406

• 11

• May

Articles

Five key questions about e-Invoicing in Australia

In 2018, Australia took steps towards its e-Invoicing project with New Zealand through the Australia and New Zealand Government Electronic Invoicing Arrangement. It was

• 27

• Apr

Articles

Five key questions about e-Invoicing in China

The Chinese government introduced an electronic invoice system called the e-Fapiao system in 2020. This is planned as a five-year digitalization process that will

• 11

• Apr

Articles

Five key questions about e-Invoicing in Vietnam

The Vietnamese government launched its implementation of electronic invoices in 2020, which now stands as an example of the clearance model. The government is

• 04

• Apr

Articles

HUNGARY INTRODUCES SAF-T

There are many e-tax requirements in force in Hungary, headed by real-time invoice reporting (RTIR). However, SAF-T obligation has not yet been introduced. This

• 28

• Mar

Articles

Five key questions about e-Invoicing in South Korea

The South Korean government introduced an electronic tax invoice called e-Tax around 2010. The government has always set a threshold to identify private entities

• 14

• Mar

Articles

Five key questions about e-Invoicing in New Zealand

New Zealand’s e-Invoicing journey started with the joint announcement of the governments of Australia and New Zealand on the adoption of the PEPPOL standard

• 03

• Mar

Articles

BELGIUM INTRODUCES B2B E-INVOICING

Digital tax requirements are spreading across the globe. Most European Union countries already have some e-Tax reporting obligations in place, such as e-Invoicing, SAF-T,

• 28

• Feb

Articles

Five key questions about RFHUAUDIT in Hungary

The Hungarian Ministry for National Economy has introduced a tax audit report called Adóhatósági Ellenőrzési Adatszolgáltatás (data export for tax authority review), through Decree

• 14

• Feb

Articles

Five key questions about e-Invoicing in Italy

In 2014, the Italian government introduced mandatory business-to-government (B2G) e-invoicing for suppliers to public administration and government offices. FatturaPA is the name of the

• 10

• Feb

Articles

Mandatory e-Invoicing in South Korea in 2022

South Korea introduced a comprehensive e-invoicing model as far back as 2010, and is considered one of the leading e-invoicing jurisdictions in Asia, alongside

• 31

• Jan

Articles

Five key questions about SAF-T Hungary

SAF-T is an international standard for the electronic transmission of accounting data from enterprises to national tax authorities. Its standards were first defined by

• 20

• Jan

Articles

Slovakia introduces e-Invoicing system and the “White List” of bank accounts

Slovakia was one of very first countries to introduce detailed electronic VAT reporting. In 2014, the kontrolný výkaz (control statement) requirement came into force.

• 17

• Jan

Articles

Five key questions about e-invoicing in Serbia

Serbia is implementing mandatory e-invoicing from May 2022. The Serbian e-Invoicing model follows the so-called clearance model, used currently by countries such as Italy

• 13

• Jan

Articles

Poland: New version of JPKV7 (VDEK) from 2022

Currently, most of Polish taxpayers are struggling with the so-called “Polish Deal” (Polski Ład), which is a huge, complex reform of tax regulations in

• 04

• Jan

Articles

Five key questions about e-Invoicing in Poland

There are already several e-tax obligations in place in Poland, including SAF-T (JPK_V7 in particular), the ‘White List’ (Biała Lista), and electronic financial statements.

• 27

• Dec

Articles

Five key questions about SAF-T Poland

SAF-T is an international standard for the electronic transmission of accounting data from enterprises to national tax authorities. Its standards were first defined by

• 22

• Dec

Articles

The e-Invoicing mandate progresses in Russia

INTRODUCTION E-invoicing regulations have existed in Russian legislation since 2012. However, there was no significant development of electronic invoice reporting until July 2021. It

• 20

• Dec

Articles

Five key questions about QR Codes in Portugal

Portugal is introducing mandatory QR codes on invoices, starting from January 1, 2022, while the mandatory inclusion of ATCUD codes (basically a document identification

• 13

• Dec

Articles

Five key questions about e-VAT returns in Norway

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

• 07

• Dec

Articles

Five Key Questions about SAF-T Reporting in Romania

SAF-T reporting will become mandatory in Romania in January 2022 for large taxpayers who are listed at the first list (2016), and in July

• 25

• Nov

Articles

Five Key Questions about e-Invoicing in Saudi Arabia

e-Invoicing is set to become mandatory in Saudi Arabia. The first phase of new obligations will come into effect on 4 December 2021. We

• 19

• Nov

Articles

France will launch e-Invoicing through a tax clearance model in 2024

The state of e-Invoicing in France The French government and businesses across the country are already familiar with e-Invoicing requirements as there have been

• 15

• Nov

Articles

SAF-T Obligatoriu în România din 2022

România introduce raportarea obligatorie SAF-T începând cu luna ianuarie 2022. Prima etapă se aplică contribuabililor mari. Denumirea locală, in limba română, pentru noua măsură

• 13

• Nov

Articles

Procesul TVA în mediul fiscal digital

Revoluția digitală, în ceea ce privește respectarea procedurii de aplicare a TVA este un fapt real. Din ce în ce mai multe țări introduc

• 22

• Oct

Articles

Poland implements e-Invoicing from 2022

Poland is a world leader in implementing digital tax requirements. There are already a lot of e-tax obligations in place in Poland, including SAF-T

• 13

• Oct

Articles

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,

• 02

• Sep

Articles

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),

• 26

• Aug

Articles

Italy replaces Esterometro with SdI from 2022

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

• 11

• Aug

Articles

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

• 30

• Jul

Articles

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

• 02

• Jul

Articles

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

• 21

• Jun

Articles

GCC VAT – STATE OF PLAY PER COUNTRY

Back in June 2016, the Gulf Cooperation Council (GCC) took a critical step when it enforced regulations to launch the process of implementing its

• 09

• Jun

Articles

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

• 09

• Jun

Articles

Egypt extends mandatory e-Invoicing to all taxpayers

All large Egyptian companies need to join the country’s e-invoicing system before July 2021. The timeliness of Egyptian e-invoicing Mandatory e-invoicing in Egypt is

• 14

• Apr

Articles

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

• 16

• Mar

Articles

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

• 05

• Mar

Articles

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

• 04

• Feb

Articles

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

• 03

• Feb

Articles

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

• 14

• Jan

Articles

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

• 11

• Jan

Articles

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

• 23

• Dec

Articles

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

• 14

• Dec

Articles

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

• 04

• Dec

Articles

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

• 26

• Nov

Articles

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

• 17

• Nov

Articles

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