13 new regions join mandatory e-invoice (e-fapiao) pilot in August 2022; full roll out by 2023 28th Oct 2022 update: the southwestern Chinese province of Sichuan has joined the e-fapiao pilot. China’s State Taxation Administration (‘STA’) is continuing to expand its introduction of the special e-fapiao e-invoice system,
KSeF e-invoices mandated 1 January 2024; new e-Mikrofirma version launched Poland is gearing-up for the mandated B2B e-invoicing regime from January 2024. It has been voluntary since the start of 2022. The Ministry of Finance has released the latest version of the e-mikrofirma application (see below)
ViDA reform conclusions 7 December 2022: Single VAT registration in the EU; Digital Reporting Requirements; and Digital Platforms and VAT The European Commission is set to publish its VAT in the Digital Age VAT Directive amendments on 7 December 2022. Read our ViDA reform predictions. The
July 2024 to July 2025 B2B invoicing phased rollout; Peppol likely preferred standard Original plans to launch July 2023 likely have been delayed for a second time to start July 2024 as key decisions and planning remain. Belgium’s preferred plan is two staged: PEPPOL-based e-invoicing
DGI delays for roll out of mandatory e-invoicing to October 2022 Since 2021, a pilot roll out is underway of mandatory e-invoicing for all new taxpayers on the Electronic Invoicing System SFEP (sistema de facturación electrónica de Panamá). Part of the aim of the pilot is to
DGI prepares for January 2023 final rollout phase of electronic invoicing. Since 2021, a pilot roll out is underway of mandatory e-invoicing for all new taxpayers on the Electronic Invoicing System SFEP (sistema de facturación electrónica de Panamá). Part of the aim of the pilot is to
Chile drops daily sales summary for e-invoicing From 1 August 2022, tax payers who must submit daily sales reporting will no longer be required relieved of the requirement. Instead, the tax authorities will rely on DTE (see below) to complete their electronic sales and purchase
Threshold on electronic reporting of e-invoices cut to KRW 100m from 1 July 2023 South Korea’s near real-time e-invoicing regime will be made mandatory for a larger group of companies as it cuts the reporting annual sales threshold from KRW 200m to KRW 100m (approx.
Russia has put on pause plans to mandate B2B electronic invoicing The existing ‘Traceability Model’ on retail sales will not be extended to the B2B transactions for the forceable future. This was confirmed by the Ministry of Finance in June 2022. Invoice Traceability Model adopted
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
