Legal Regulation Changes

On February 9th, Malaysia’s Inland Revenue Board, the country’s tax authority responsible for introducing the electronic invoicing system.

The Inland Revenue Board of Malaysia (LHDNM) plans to introduce mandatory electronic invoicing gradually.

In January, the French Tax Administration published a list of entities applying for certification of their electronic invoicing solutions as a Partner Dematerialization Platform.

The long-awaited draft document with proposed mandatory B2B e-Invoicing regulations was submitted to the Belgian parliament on January 5th, 2024. Last year’s political turmoil threatened the invoicing project as it was part of a contested budgetary bill.

During a press briefing on January 19th 2024 Poland’s Minister of Finance announced a postponement of the National e-Invoice System (Krajowy System e-Faktur, KSeF) obligation introduction. Initially, a nationwide mandate was set to come into force on July 1st 2024.

This article marks the second installment of our two-part series providing an in-depth exploration of the current landscape of e-invoicing adoption in the U.S.

Unlike several nations worldwide embracing the efficiency and transparency of electronic invoicing, the U.S. remains without a comprehensive requirement for businesses engaged in B2B transactions.

In the heart of Europe, Germany is undergoing a significant transition, shifting away from paper-based invoices to embrace a mandatory electronic invoicing framework tailored for B2B transactions.

Malaysia stands out as one of the countries undergoing a significant shift towards mandatory electronic invoicing.

Spanish authorities initially set out to roll out a B2B electronic invoicing obligation as early as January 2025. However, with the recent events around forming a new government, the relevant legislation has yet to be officially introduced.

Israel's concrete plans for implementing an e-invoicing system position the country within a rapidly expanding group of countries, modernizing their tax compliance through next-generation solutions.

The Billentis global market report underscores the significance of this shift, projecting the APAC region to achieve the highest annual e-invoice volume growth rates compared to Latin America and Europe until 2025.

Clarifying a new schedule for the system has been the subject of an intense parliamentary debate, as it is attached to 2024’s budget act.

The Ministry of Finance initiated a first round of talks regarding two executive decrees aimed at regulating the use of the KSeF e-invoicing system from day one of its nationwide mandatory use on July 1st, 2024. 

Portuguese Tax and Customs Authority decided to postpone introducing a requirement for the invoices in PDF format to feature the Qualified Electronic Signature

In a recent vote, Bundestag approved a plan to extend a schedule for introducing a nationwide e-invoice issuing mandate. The German parliament’s lower house lengthened the previously adopted plan by a whole year.

After the initial governmental amendment to the 2024 budget bill postponing France’s ambitious invoicing system kick-off to 2026, the Senate is poised to propose its updated timeline along with the financial committee’s advice. 

A push to digitalize the Chinese invoicing ecosystem entered an active phase in 2021 when the first provinces initiated the e-fapiao pilot.

After announcing the preliminary e-invoicing schedule earlier this year, the IRBM, Malaysia’s internal revenue authority, updated project documentation with more definitive introduction dates.

Due to the inability to agree on crucial ViDA policy factors and the current Spanish EU presidency ending, prospects for successfully negotiating ViDA’s final details in the nearest months are waning.

The Balkan country is set to become another state embracing B2B electronic invoicing in its transaction clearance flavor. This follows a 2019 introduction of B2G e-invoicing obligation.

The President of Romania signed on Thursday, 26 October 2023, the Decree for the promulgation of the Law on some fiscal budgetary measures to ensure the long-term financial sustainability of Romania.

Unsurprisingly, proposed e-invoicing regulations sparked an intense debate among public and private entities in Germany. Current discussions are believed to be key for shaping the final provisions of the reform.

On October 17, France’s lower house of parliament, the Assemblée Nationale, introduced an amendment to the upcoming budgetary bill instituting a new realistic timeline for bringing the e-invoicing and e-reporting system into force

The introduction of a comprehensive reform of VAT in the Digital Age in all EU countries from 2024 is unlikely.

In 2024, KSeF is planned to become mandatory for taxpayers performing activities subjected to the invoicing requirement by Polish VAT regulations.

Newly introduced 2024 budget bill includes provisions modifying Malaysia’s e-invoicing mandate introduction schedule.

On the 2nd of October, the German Ministry of Finance responded to a letter by a broad group of industry experts voicing concern about strict plans regarding proposed obligatory formats for a prospective e-invoicing system.

On 28th of September a group of expert industry leaders under auspices of the german Institute for Digitalization in Tax Law (IDSt) published a joint letter opposing introducing a federal e-invoicing mandate in its currently planned form.

The Malaysian tax authority (Inland Revenue Board of Malaysia, IRBM) published an updated and expanded version 2.0 of documentation for the prospective e-invoicing and e-reporting system on September 29th.

After a general announcement of a delay in introduction of an ambitious French e-invoicing and e-reporting system in July 2023, the French Direction Générale des Finances Publiques announced in a meeting with industry representatives on a proposed new timeline potentially extending into 2027.

Belgian Council of Ministers proposed a new timeline for introduction of a broad e-invoicing mandate after previous propositions coupled with 2024 budget bill failed in Belgian parliament earlier this year.

On the morning of 19 September, the Romanian Ministry of Finance published the long-awaited draft legislation aimed at regulating the introduction of an e-invoicing mandate on 1 January 2024. If implemented, it will fully utilize the earlier derogation decision issued by the EU Commission.

Israel is steadfast in its mission to introduce an e-invoicing and reporting mandate in 2024. The nation’s clear strategy for implementing this system places it among the rapidly growing group of countries modernizing their tax compliance through innovative solutions.

The new eVAT M2M platform is expected to enable the submission of VAT returns in electronic (XML) form, using machine-to-machine communication.

After a period of uncertainty, the Tax Authority of the Sultanate of Oman has confirmed the estimated timeline for launching an e-invoicing system.

In recent years, the United Arab Emirates government has steadily advocated for increased digitization within the public sphere.

Below you will find the upcoming part of Japan’s invoice archiving requirement, in the context of its complex tax control reforms.

The initial plan to introduce the system by July 2024 appears increasingly improbable due to the absence of detailed technical specifications available to the public

Considering the various factors causing delays, it is reasonable to anticipate that the mandate might not come into effect before 2026.

In the field of e-invoicing for B2B transactions, Croatia is another European country to have decided to introduce obligations in this area in the near future.

Here’s what you need to know about the future of mandatory e-invoicing in Belgium.

From July 1, 2024, entrepreneurs will be required to issue invoices in electronic form via the National e-Invoice System (KSeF).

With the European Commission’s derogation decision dated July 27th 2023, Romania has been authorized to move forward with its obligatory B2B e-invoicing system implementation.

On 25th of July 2023, the European Commission issued a derogation decision allowing Germany to proceed with implementation of a federal B2B e-invoicing mandate.

France is taking a leap forward with the implementation of mandatory e-invoicing. Let’s explore how this change in law sets France apart, and consider its implications for large, medium and small enterprises.

The date of the postponement will be determined as part of the work on the adoption of the Finance Act for 2024.

During the session of the Polish Sejm, which took place on July 28, 2023, a vote was taken on the Senate's position on the amendment to the VAT Act and certain other acts.

What are the major differences between France’s e-invoicing mechanism and similar systems introduced in other European countries? Might the French model have an edge over other systems? Read our article and find out. 

Are you wondering whether to choose a traditional OD or a certified PDP? Are you trying to determine which of them will be the most valuable for you? Read this article to discover the benefits of having a helping hand in the new world of tax reporting.