e-invoice - vatcalc.com

Italy SdI cross-border reporting & Esterometro withdrawal delay to July 2022

3 December 2021 in

e-invoice

Six-month postponement for live e-invoicing extension to cross border transactions; Esterometro fling withdrawal Italy is extending its Sistema di Interscambio (SdI) live e-invoicing regime to cover cross-border transactions from 1 July 2022 – delayed from 1 January 2022. Italy’s Agenzia Entrate will withdraw the quarterly Esterometro

Germany e-invoicing as soon as possible – new government

25 November 2021 in

e-invoice

Coalition new leaders confirm electronic invoice reporting system as soon as possible to fight VAT fraud; backing for EU definitive VAT system; import VAT reforms The new German government coalition of the SPD, Free Democratic Party (FDP) and Green Party have now confirmed on 24

Vietnam VAT e-invoice 2022

19 November 2021 in

e-invoice

Delayed electronic invoicing gets 2022 go-ahead Vietnam General Department of Taxation (GDT) is planning to implement mandatory pre-clearance e-invoicing from 1 July 2022. It has already been delayed from 1 November 2020 due to the COVID-19 crisis. Business can opt to switch now to the

Turkey e-invoice e-Fatura and e-Arşiv extended to more taxpayers

18 November 2021 in

e-invoice

Lowered annual e-Fatura and e-Arşiv thresholds for all B2B businesses; e-commerce and property attract special requirements Turkey has added new requirements to its government pre-clearance e-Fatura e-invoice regime in the past months. The Turkish Revenue Administration (TRA) wishes to bring more taxpayers into the e-Fatura net

South Korea VAT e-invoice e-Tax

17 November 2021 in

e-invoice

South Korea first introduced mandatory real-time electronic tax invoice (e-Tax) requirements in 2011, expanding it to most taxpayers by 2014. This includes pre-clearance of sale invoices with the Korean National Tax Agency (NTA) before issuance to customers. Check VAT Calc’s global live VAT invoice transaction and

India B2B e-invoicing

16 November 2021 in

e-invoice

India introduced mandatory B2B government pre-clearance electronic invoicing from 1 October 2020, completing the phased implementation by 1 April 2021. The latest Indian e-invoice threshold is ₹20 crore since April 2022 but will drop to ₹10 crore in October 2022. There are plans with the

Panama SFEP VAT e-invoicing

5 November 2021 in

e-invoice

Panama’s General Revenue Directorate ‘DGI’ completed a revised e-invoicing project at the start of 2021. It originally launched the Panamanian Electronic Invoicing System (SFEP) in 2016. Part of the aim of the new project is to withdraw the use of fiscal cash registers. These devices

Italy SdI e-invoice 2022 changes; pre-filled VAT returns

1 November 2021 in

e-invoice

Live e-invoicing extends to cross border; Esterometro fling withdrawal Italy is extending its Sistema di Interscambio (SdI) live e-invoicing regime to cover cross-border transactions from 1 January 2022. Italy’s Agenzia Entrate will withdraw the quarterly Esterometro declaration (cross-border sales and purchase invoices) as the listing will now

Germany e-invoice plan from new government

24 October 2021 in

e-invoice

Coalition partners include digital reporting and no VAT hikes in negotiations Following the inconclusive German government elections, the SPD, Free Democratic Party (FDP) and Green Party have drawn-up a range of tax policies for their potential coalition. This includes digital reporting of transactions – an

Chile DTE e-invoice

21 October 2021 in

Chile

Global pioneer in electronic invoicing now being copied around the world Chile’s Servicio de Impuestos (SII) tax authority introduced its VAT electronic invoice regime in 2001, and mandated it for most taxpayers from March 2018. DTE (Documentos Tributarios Electrónicos) covers a total of ten various

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