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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

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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

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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

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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

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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

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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

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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

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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

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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

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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,

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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

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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

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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

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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

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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.

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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

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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

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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.

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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 July 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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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

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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