Live pre-clearance invoicing to help reduce the VAT Gap The Bulgarian National Revenue Agency has opened a public consultation on the implementation of e-invoicing. Any implementation date is unlikely to be before 2023. This follows the successes in Italy, Hungary and plans for Poland and
Pre-filled VAT returns for quarter 3, 2021 Building on the success of its Sistema di Interscambio (SdI) e-invoice program, Italy has launched for over two million quarterly-filing resident taxpayers an optional pre-filled VAT returns service. This enables taxpayers to review, modify and approve their VAT
Portugal is to go ahead with obligations for non-resident businesses to start using certified VAT invoice producing software from 1 July 2021. The use of QR Codes and ATCUD unique invoice number is postponed until January 2022. Like the current requirement for resident businesses, foreign
Update; The India e-invoice threshold was lowered to 20 Core 1 April 2022. The Indian Central Board of Indirect Taxes and Customs has lowered the annual sales threshold for mandatory GST e-invoices. Check VAT Calc’s global live VAT invoice transaction and e-invoice reporting tracker to see where else
The Indian Central Board of Indirect Taxes and Customs has lowered the annual sales threshold for mandatory GST e-invoices. Check VAT Calc’s global live VAT invoice transaction and e-invoice reporting tracker to see where else real-time submissions of invoices is being implemented. With effect from 1 April 2021,
Brazil’s e-invoicing regime, Nota Fiscal Eletrônica NF-e, is operated by SEFAZ, the tax authority. It introduced the NF-e in 2005. You can keep up-to-date with VAT Calc’s global live VAT invoice transaction and e-invoice blog on country real-time reporting reforms. There are three types of electronic fiscal
India introduced goods transport e-way bills in April 2018 as part of the implementation of its Goods & Services Tax on 1 July 2017. The requires a digital filing notification of the movement of any goods above Rs. 50000 (approx €570 or $670). E-way bills are
Chile is an early adopter of pre-filled Value Added Tax returns on the back of its DTE e-invoicing program. Its new regime came into force in August 2017. DTE now manages over 600 millions for over a million taxpayers. The Internal Revenue Service (SII) used
