Legal Regulation Changes

On March 11, the European Council officially approved VAT in the Digital Age Package (ViDA) –a set of regulations designed to modernize the EU’s value-added tax (VAT) system for the digital era, which was first introduced on December 8, 2022.

The Croatian Ministry of Finance has initiated a public consultation on proposed legislation requiring businesses to adopt electronic invoicing.

Romania has introduced new updates to its e-Factura system following the mandatory B2C e-invoicing reporting requirement that took effect on January 1, 2025.

The Malaysian government has postponed e-invoicing requirements for micro, small, and medium enterprises (MSMEs) to January 1, 2026. This extension allows businesses with annual sales between 150,000 RM and 500,000 RM more time to adapt to the new system.

Malaysia’s Inland Revenue Board has released updated e-invoicing guidelines, refining regulations on self-billed transactions and introducing new exemptions.

On December 19, 2024, the European Union Council published the Council Implementation Decision 2024/3150, granting Italy an extension for its mandatory e-invoicing system until December 31, 2027.

On February 25, 2025, the EU Council officially authorized Greece to introduce mandatory e-invoicing for all B2B transactions, marking a significant step toward modernizing the country’s tax compliance system.

The Council has approved new legislation introducing an electronic VAT exemption certificate, replacing the traditional paper-based system. The new certificate will become mandatory starting in June 2025.

Botswana is set to introduce an electronic invoicing system aimed at improving tax compliance and reporting accuracy. Announced in the 2025/2026 Budget Speech, the system is scheduled for completion by March 2026.

The Bolivian National Tax Service has announced a revised deadline for taxpayer groups 9, 10, 11, and 12 to comply with digital tax document issuance requirements. Originally set for March 1, 2025, the deadline has now been extended to October 1, 2025.

The Federal Ministry of Finance of Bosnia and Herzegovina has launched a public hearing on the Draft Law on Fiscalization of Transactions, running from January 1 to March 1, 2025.

The Swedish Customs Authority (Tullverket) has announced that, on March 1, 2025, it has adopted the Peppol BIS Billing 3 format for invoicing customs, taxes, and fees.

The US Multistate Tax Commission (MTC) is spearheading a proposal aimed at harmonizing the sales tax rules for digital goods and services across the 45 states that currently impose sales tax.

Uruguay's Ministry of Economy is exploring a groundbreaking shift in its tax system by proposing a personalized VAT regime. Initially developed with support from the Inter-American Development Bank in 2022, the proposal was officially presented on January 8, 2025.

On January 29, 2025, Pakistan's Federal Board of Revenue (FBR) introduced significant changes to the country's sales tax invoicing system with the issuance of Notification S.R.O. 69 (I) 2025.

Since 2012, Norway has required e-invoicing for B2G transactions using the PEPPOL framework. Now, the government is considering extending this obligation to B2B transactions.

The Norwegian Ministry of Finance is taking significant steps towards enhancing the country's business sector by investigating the introduction of digital bookkeeping and mandatory e-invoicing requirements for businesses

Starting January 20, 2025, Kerala has introduced a new feature within the E-Way Bill (EWB) system, allowing taxpayers to generate E-Way Bills for gold-related goods under Chapter 71.

Starting January 2025, businesses in Liechtenstein are required to process all VAT transactions exclusively through the newly launched eVAT portal.

Jordan is moving forward with the next stage of its electronic invoicing system, JoFotara. The Ministry of Finance and the Income and Sales Tax Department have announced that Phase 2 will take effect on April 1, 2025.

The Finance Bill 2025, presented on February 1, introduces several significant changes to the Goods & Services Tax (GST) framework, aimed at simplifying tax compliance, enhancing regulatory oversight, and refining tax treatment for specific transactions.

Egypt is further modernizing its tax collection system with the expansion of its e-receipt mandate.

On January 23, 2025, the Croatian Ministry of Finance confirmed that the much-anticipated "Fiscalization 2.0" tax reform package is nearing completion

In January 2025, Chad’s Ministry of Finance and Budget announced a significant change in the country’s VAT policy.

Following the successful implementation of electronic invoicing in Egypt and Saudi Arabia, Bahrain is now considering its own system as part of efforts to improve VAT compliance and tax collection efficiency.

On 13 February 2025, the UK’s HM Revenue and Customs (HMRC) and the Department for Business & Trade launched a 12-week public consultation on the future of e-invoicing and digital reporting.

The Zakat, Tax, and Customs Authority (ZATCA) has announced the selection criteria for taxpayers included in the 20th wave of the e-invoicing Integration Phase.

Bavaria is set to streamline its e-invoicing process with the introduction of a centralized platform in 2025. Since 2020, public entities in the state have been receiving e-invoices in a decentralized manner, either via email or on paper.

In a move that has sparked widespread backlash, the French government has proposed reducing the VAT registration threshold for services from €37,500 to €25,000, starting 1 March 2025

The European Tax Adviser Federation (ETAF) has urged the European Commission (EC) to strengthen regional regulations for e-invoicing, citing the need for enhanced security and streamlined adoption.

The United Arab Emirates Ministry of Finance and the Federal Tax Authority have launched a public consultation on the e-invoicing data dictionary, allowing stakeholders to provide input on the technical specifications of e-invoice formats.

Belgium is planning to introduce near real-time transaction reporting by 2028 as part of its ongoing efforts to combat tax evasion.

On December 30, 2024, the Italian Revenue Agency issued a new Provision aligning Italy’s VAT exemption regime with the EU’s cross-border SME scheme.

With the release of SINIEF Adjustment No. 34/24, Brazil has updated the implementation timeline for NFCom, a new mandatory invoicing requirement for ICMS taxpayers. The mandatory adoption of NFCom will begin on November 1, 2025.

The Saudi Tax and Customs Authority (ZATCA) has confirmed that the nineteenth group of taxpayers must integrate with the FATOORA platform by no later than September 30, 2025.

On 6 February 2025, the UAE Ministry of Finance announced the launch of a Public Consultation on e-invoicing, inviting businesses and industry stakeholders to provide feedback on proposed data requirements.

Greece is on track to introduce mandatory e-invoicing for B2B transactions in 2025, following a proposal from the European Commission to grant the country a special exemption from certain EU invoicing rules.

In an effort to digitalize tax administration and combat tax evasion, Cambodia has introduced a new e-invoicing system. Throughout 2025, the government plans to gradually expand voluntary participation in the system.

ZATCA has once again extended the period during which taxpayers can avoid fines and penalties. The new grace period will remain in effect until June 30, 2025.

Slovakia is moving forward with plans to mandate B2B electronic invoicing, joining the growing list of European countries adopting such measures. A public consultation has been launched, with the first draft of the law expected by summer 2025.

Since 2017, electronic invoicing (e-faktūra) has been mandatory for transactions with public administrations in Lithuania. While not required for B2B transactions, many companies choose to adopt e-invoicing for its operational and tax benefits.

Starting in 2025, the EU is rolling out new legislation aimed at promoting consistent tax practices across its member states, irrespective of a business’s location.

In a significant move towards digital fiscal transparency, the new Belgian coalition agreement confirms that the new government plans to introduce near-real-time transaction reporting by 2028.

Morocco is advancing its digital transformation with plans to introduce mandatory e-invoicing in 2026. The General Directorate of Taxes is spearheading the initiative, and xHub, a Moroccan software firm, has been selected as the technological partner.

Hungary has revised its regulations, postponing the mandatory e-invoicing requirement for electricity and gas suppliers.

Starting March 3, 2025, a new group of taxpayers in Paraguay will be required to issue all tax documents electronically, as outlined in DNIT General Resolution No. 21. This mandate applies to businesses categorized as Medium and Large Taxpayers.

A new VAT Law 48/2024/QH15, will replace the existing VAT Law No. 13/2008/QH12 and its amendments starting July 1, 2025.

The Philippines is advancing its Electronic Invoicing System (EIS), led by the Bureau of Internal Revenue (BIR). 

The French government has released version 3.0 of the External Specifications, outlining the requirements for the nationwide adoption of electronic invoicing.

Following the unanimous endorsement of ViDA during the ECOFIN meeting on November 5, further steps have been taken toward securing final approval of the proposal.