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.
The Organisation for Economic Cooperation and Development has issued model gig and sharing economy tax reporting guidelines. This framework aims to provide clarity and consistence between global tax authorities on the data they require to help monitor the activities of sellers or users of the
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
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
Spain has extended draft VAT return preparation to all taxpayers from February 2021. The scheme, Pre303, is named after the existing quarterly self-assessment VAT return. Pre303 was introduced in 2020 for any large taxpayer – above €6million turnover. It was populated via the Spanish SII (Immediate
