Electronic invoices in two phases: Introduction (Dec 2021); and Integration (Jan 2023) Saudi Arabia is implementing the requirement for B2B electronic invoices for VAT transactions by resident businesses from 4 December 2021. Taxpayers will not have to submit full e-invoices (FATOORAH) to the ZATCA tax
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
Electronic invoicing to combat €3.6 billion in missing VAT The Belgian budget in October included a provision for the phased introduction of electronic invoicing for Business-to-Business transactions. Check VAT Calc’s global live VAT invoice transaction and e-invoice reporting tracker to see where else real-time submissions of invoices
Government pre-clearance electronic invoicing Bolivia’s National Tax Service’s (SIN) has recommenced its plans to implement mandatory e-invoicing – Sistema De Facturacion Electronica (SFE) – from 1 December 2021. The SFE e-invoice roll out had been paused in May 2021 due to the COVID-19 crisis. SIN has
New Zealand has proposed ending the obligation to create, issue and hold Goods and Services Tax (GST) invoices to reflect the digitisation of accounting and the future use of e-invoicing. New Zealand is currently in electronic invoicing trial with Australia. Whilst many details remain to
Romania eFactură electronic invoices pilot Nov 2021; phased launch 2022-23 Romania’s Ministry of Public Finance has announced that it intends to introduce an RO national e-invoicing regime as early as 6 November 2021 for a pilot on B2G and B2B. In ordnance 8/2021 issued in the
EC seeks to harmonise live transaction reporting – 3 alternatives The European Commission (EC) is undertaking a review to introduce harmonised Transaction Based Reporting (TBR) across the 27 member states, which includes potentially e-invoicing. This is part of the VAT in the Digital Age, reforms
The Greek Ministry of Finance has provided updates on filing deadlines for the new myDATA e-books and e-invoices, plus the certified cash registers. The introduction of the new transactional reporting of income and purchases has been voluntary since October 2020, and was due to go
Online sellers mandated for e-invoicing Egypt e-invoicing, phased in starting in 2020, is to be extended to e-commerce goods and services from 15 September 2021. This coincides with the second-stage rollout of Egypt’s live electronic reporting regime, which began in November 2020 with large taxpayers.
VAT Advisor ends the pain If you are selling cross-border goods or services – traditional or digital – you’ve got international VAT / GST questions: Who should pay how much tax, and in which country? What tax laws, EU VAT Directive or other global rules
