News

Ukraine SAF-T coming in 2023!

After Romania, Portugal, and Poland Ukraine will be included among the countries using Standard Audit File for Tax(SAF-T). The Ministry of Finance of Ukraine

News

SAF-T Romania mandatory implementation dates announced

– January 1, 2022 (reference date for large taxpayers); – January 1, 2023 (reference date for financial – banking institutions and insurance/reinsurance companies –

News

UPDATES TO FRANCE’S MANDATORY E-INVOICING PROCESS

Mandatory e-invoicing between businesses subject to VAT and the e-reporting of invoice data to the tax authorities was postponed to – 1 July 2024

News

SAF-T reporting becomes mandatory in Romania

As of January 2022, large Romanian tax payers will be obliged to report their tax electronically, while reporting transaction and accounting data through

News

Understanding Peppol and How Businesses Can Connect to the Network

Why should you use the Peppol network? PEPPOL network allows a secure and real-time exchange of all electronic procurement documents (e-Orders, e-Invoices and e-Transport

News

Making Tax Digital for VAT and Mythbuster

What does making tax digital mean? Making Tax Digital (MTD) is a UK tax legislation regulated by HMRC (HM Revenue and Customs). There are

News

Electronic Invoice in Public Administration (FE-AP) and E-Invoicing Requirements in Portugal

Is electronic invoice mandatory in Portugal? (H2) Currently, only electronic invoicing is mandatory for large companies in public procurement transactions. Large suppliers must issue

News

Greece Mandatory myData e-Books Scheme and Electronic Invoices

What is myDATA? Mydata or My Digital Accounting and Tax Application is Greece Revenue Authority AADE’s new electronic tax portal (myDATA portal) where users

News

Introduction of Electronic Orders (Ordini Elettronici) in Italy

Italy started digitalization of public procurement in 2014. Government successfully implemented electronic invoicing in all public procurement transactions. A few years later, they decided

News

What is Kazakhstan e-invoice?

E-invoice is called as ESF (Электронный счет-фактура) in Kazakhstan. It is a digital version of paper invoices which are standardized for tax audit purposes

News

New fiscalization Regulation in Albania

Albania introduced a new tax reform called fiscalization ( or fizkalizimi in Albanian) in 2020. It includes online reporting of all issued invoices and

News

Romania started the development of the SAF-T System

SAF-T is an international standard for electronic exchange of accounting data from taxpayers to the tax authorities. It significantly reduces the time and cost

News

Archiving e-Ledger Files and Accounting Documents in Turkey

Turkish Revenue Administration published an announcement about the first submission of e-Ledgers to archive secondary e-Ledger files through the TRA system on edefter.gov.tr. Considering

News

The Italian Budget Law of 2021 will eliminate Esterometro reporting if approved

The esterometro is a tax obligation established 3 years ago. It requires VAT payers (with some exceptions) to communicate the data of commercial operations , carried out

News

The Kingdom of Saudi Arabia imposes electronic invoicing in 2021

The Kingdom’s General Authority of Zakat and Tax (GAZT) has recently published a decision to implement electronic invoicing for resident taxpayers. There will be

News

Portugal ATCUD Code for invoices has been postponed

Recently, Portuguese Government has published an announcement postponing the mandatory ATCUD code for paper and electronic invoices to 1 January 2022. QR code regulation

News

Expected postponement to myDATA electronic books ( myDATA-Ηλεκτρονικά Βιβλία ) comes at the last minute

Mandatory electronic reporting of accounting documents to Greek Revenue Authority (AADE) has been postponed to 1 January 2021. The previous date for taxpayers who keep accounting records according to Greek Accounting

Articles, News

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

Articles, News

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

News

Czechia: VAT Control Statement

Czechia (The Czech Republic), similarly to other Eastern European Union countries, struggles with significant losses due to its VAT gap. There are rumours that

News

B2G e-Invoicing – overview across EU 2020

Intro The e-Invoicing landscape has been changing rapidly in recent years. The global market is booming with e-Invoicing solutions. In the European Union the

News

Hungary: Audit Report – invoices disclosure under 23/2014 Decree

A few months ago, I published an overview of Hungarian e-Tax Story: From VAT Ledger to Real-Time Invoicing (RTIR 2.0). The real-time reporting requirement

News

ZUGFeRD 2020 – a German e-invoicing hybrid becomes obligatory

In the global e-invoicing landscape, Germany is one of the top performers, having implemented the e-invoicing model way before the directive 2014/55/EU was imposed.