Retailers and other taxpayers must take next step in e-invoicing The existing electronic fiscal devices (see below) are to be swapped out for virtual fiscal devices (VFD) on the Tanzanian electronic financial data management system (EFDMS). This means no further requirement to purchase approved online
Tax authorities migrating from VAT returns to digital reporting requirements, including e-invoices, SAF-T, Control Statements, pre-filled VAT returns and fiscal cash registers Driven by stubborn VAT fraud and other missing indirect tax levels – the EU VAT Gap is €136billion – many countries around the
2022 continued rollout of electronic invoicing 2022 will see new categories of businesses being mandated to adopt FEL, the national online electronic invoicing system. The new groups are: Suppliers to healthcare sector from 1 January; Accountancy / audit firms from 1 March; and All other
Electronic invoices ‘Introduction’ now live 4 Dec 2021; full ‘Integration’ from 1 Jan 2023 The Kingdom of Saudi Arabia (KSA) has now launched B2B and B2C electronic invoices in this first Introduction phase. They may be printed or in other human-readable format for the businesses
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
3 reforms: e-invoicing and digital reporting requirements (DRR); platform gig & sharing economies and e-commerce; and Single EU registration number – extension of OSS to all B2C and certain B2B The European Commission (EC) will shortly be initiating the next rounds of its ‘VAT in
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
B2B mandatory electronic invoicing to combat €3.6 billion in missing VAT The Belgian Ministry of Finance has confirmed this month the 2022 budget plan’s statement on rollowing out a B2B / B2C e-invoicing regime. Draft legislation will be issued in 2022 for consultation. It is
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
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
