e-invoices - vatcalc.com

EU VAT Digital Reporting Requirements (DRR) e-invoice harmonisation update

27 June 2022 in

Continuous Transaction Controls

European Commission seeks to harmonise digital Continuous Transaction Controls ‘CTC’ options for VAT e-invoice and real-time reporting. VAT Directive Amendments by 7 December 2022 Read our ViDA reform predictions for e-invoicing and intra-community near-real time reporting. The European Commission (EC) is undertaking a review to introduce harmonised

Slovakia IS EFA e-invoice proposal 2024 – update

17 June 2022 in

e-invoices

Pre-clearance electronic invoice model – Continuous Transaction Controls CTR Slovakia has become the latest European e-invoice candidate with the launching of a public consultation and plans implement requirement for B2G e-invoicing in January 2023 – informačný systém elektronickej fakturácie IS EFA. Currently, only certain B2G

Ecuador SFEP VAT e-invoicing – update

16 June 2022 in

e-invoices

Latest wave of taxpayers mandated for e-invoicing from 29 November 2022 Since 1 June 2021, Ecuador’s SRI (Internal Revenue Service of Ecuador) expects all transactions over approx USD 1,000 to be supported by an Comprobante Electronico (electronic invoices). The next wave of taxpayers mandated to

Poland mandatory B2B KSeF e-invoices Jan 2024 – update

12 June 2022 in

e-invoices

KSeF e-invoices production version available for testing; mandated 1 January 2024 The Polish e-invoicing platform, KSeF, has now been released this month. Businesses are able to test, create, issue, receive and review electronic invoices. This is ahead of the January 2024 mandating the use of

Ukraine reinstates Unified Register of Tax Invoices URTI

10 June 2022 in

e-invoices

As martial law is eased, obligation to register sales invoice in central register reinstated Ukraine has reintroduced the obligation to register invoices in the Unified Register of Tax Invoices (URTI). This had been suspended at the outbreak of the Russian invasion earlier this year. Taxpayers

Peru CPE e-invoicing update

6 June 2022 in

e-invoices

Peru completes rollout of mandatory B2C & B2C invoices The last phase of the implementation of e-invoices in Peru completed on 1 June 2022. Peru’s tax authority, SUNAT (Superintendencia Nacional de Aduanas y de Administración Tributaria), introduced Electronic Payment Receipt, CPE, e-invoicing in 2010, and mandated

Saudi Arabia e-invoices (FATOORAH) 4 December 2021

2 June 2022 in

e-invoices

Electronic invoices test sandbox for testing prior to Jan 2023 full integration Businesses may now test the FATOORAH e-invoice system in a sandbox environment ahead of full mandatory obligation to issue e-invoices from 1 January 2023. This follows the December 2021 introduction of the obligation

Belgium B2B e-invoicing update 2024 launch

30 May 2022 in

Belgium

2024 B2B invoicing launch likely; Peppol likely preferred standard Original plans to launch July 2023 likely to be shifted to Jan 2024 or later as key decisions and planning remain. An ambitious, and potentially subject to delay timetable for the introduction of mandatory B2B invoices

Bolivia e-invoicing SFE update

29 May 2022 in

Bolivia

4,000 business join list mandated to use electronic invoices from 1 October 2022 Following the first wave of 171 large (GRACO) and main (PRICO) taxpayers joining the new Sistema De Facturacion Electronica (SFE) regime in December 2021, a third wave of 3,897 is to be

EU e-invoicing questions – VAT in the Digital Age

17 May 2022 in

Digital Reporting Requirements

Outstanding decisions on Partial or Total Harmonisation of Digital Reporting Requirements The EU review of digital reporting requirements (DRR) is now progressing following the completion earlier this month of the public consultation. The DRR review includes options for EU-wide live transaction or e-invoice reporting to

Tag: e-invoices