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
Real-time invoice reporting phased to pre-filled VAT returns plans suspended Hungary first introduced live invoice reporting in July 2018 for B2B transactions above HUF 100,000. The regime has since been extended to all transactions – B2C consumer (April 2021) and the threshold withdrawn (June 2020).
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
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
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
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.
The latest version of Spanish SII live reporting, v1.1, was implemented for 1 July 2021. This included the following additional information: Quick Fixes The was mainly to accommodate the new EU Four Quick Fixes and additional information required to record goods held as call-off stocks
Argentina is to require taxpayers to adopt QR Codes on their e-voices from 1 March 2021. Argentinian eFactura were mandated for most taxpayers in 2019. Quick Response Codes on invoices QR Codes are square-format bar codes. They generally contain a URL address to link to
