Legal Regulation Changes

After several postponements, the EU’s Vat in the Digital Age (ViDA) proposal was finally published on 8 December 2022.

On December 1, 2022, the Polish government published a draft law clarifying the regulations on electronic invoicing in Poland via the KseF platform, which the European Commission has agreed to introduce.

Despite the still short period of certification by the Japan Peppol Authority, the number of authorized Peppol Service Providers is constantly growing.

In Luxembourg, electronic invoices are submitted and received thanks of the Peppol eDelivery Network. Each electronic invoice must comply with European standard EN 16931.

France is about to switch from post-audit e-invoicing to a clearance model in 2024. That means e-Invoicing will become obligatory for businesses.

The Malaysian government will introduce mandatory e-invoicing in 2023.

On 29 of September 2022, The Congress of Spain published in The Official Gazette (BOE) the Law for the Creation and Growth of Companies, also known as the "Crea y Crece" Law.

The Minister of Finance, published on August 30, 2022, intends to respond to the demands of local governments as to the need to adapt this solution to the specifics of local government units.

As of 1 October 2022, the grace period for imposing penalties for non-compliance with regulations related to e-transport in Romania ends.

Mandatory e-invoicing for B2B is being introduced in Serbia starting January 1st 2023.

Due to high level of Belgium’s VAT gap, which was estimated in 2019 as 12.3% of lost VAT (around EUR 4.4 billion), the Belgian government decided to introduce mandatory e-invoicing, first for B2G transactions, and then for B2B ones.

The Romanian National Agency for Fiscal Administration (ANAF) has extended the grace period for SAF-T reporting for a further six months.

From January 2024 at the earliest, there will be a requirement for companies to use an approved system.

The authorities of Mecklenburg-Western Pomerania announced mandatory e-invoicing in the B2G area from April 1, 2023.

In January 2022, the European Commission launched a consultation among Member States on VAT in the digital age. Here are some words about the results.

If you've been wondering how to deal with the difficulties of implementing the e-Transport system in Romania, we have good news for you. But let’s start from the beginning.

Since its inception in July 2020, the E-invoice Promotion Association (EIPA) has been working to contribute to the digitization of overall commercial transactions.

The Business Payments Coalition (BPC) is a volunteer group of organizations and individuals working together to promote greater adoption of electronic business-to-business (B2B) payments, remittance data, and invoices.

Like many countries around the world, Vietnam is becoming part of the e-invoice revolution.

Starting from July 1, 2022, economic operators established in Romania have the obligation to issue electronic invoice via the RO e-Factura system in terms of B2G relationships.

All You Need to Know about the Regulations Coming in July.

The obligation to send the tax authorities JPK_CIT and JPK_PIT (structured books and records) will not come into force in 2023.

To increase the level of collection of taxes and duties due to the state budget, as well as preventing and combating illicit trade in goods with a high fiscal risk, the Romanian Ministry of Finance has decided to implement the RO e-Transport system.

Since the entry into force of e-invoicing in 2019, Italy has recovered around €2 billion in VAT. All this has been possible thanks to the elimination of invoices in paper format, which made the process more transparent.

The country decided to implement both e-invoicing and e-reporting, the latter being the transmission to the administration of certain information relating to commercial transactions that are not included in the former.

The Belgian Ministry of Finance intends to introduce mandatory e-invoicing in B2B transactions as of July 2023.

So far, we have focused on changes due to e-invoicing in particular countries. In some of them, adjustments were introduced gradually, and in others more dynamically. Free choice of solutions made two models the most popular: post-audit and clearance.

Vietnam still uses paper invoices, but it does not intend to continue doing so.

France is one of the first European countries that decided to implement e-invoicing obligations in business to government (B2G) relations.

Poland is one step closer to gaining EU approval for the KSeF (National System of e-Invoices) mandate.

Making Tax Digital (“MTD”) is a digital tax system introduced in The United Kingdom on 1 April 2019. The main goal of MTD, apart from ecological and economic aspects, is making conducting business much easier for owners and accountants. 

In Romania there will be mandatory e-Invoicing for two groups of suppliers. The first is the car trading industry. The second concerns products with high fiscal risk.

As of July 1, 2024, the obligation to receive invoices in electronic format will be mandatory for all companies.

In 2018, the Philippines launched the Tax Reform for Acceleration and Inclusion (TRAIN), in which several tax reform proposals were introduced and discussed.

The Belgian Ministry of Finance intends to introduce mandatory e-invoicing in the clearance model.

Due to high inflation in Poland, the Polish government decided to decrease the VAT rate for basic foods from 5% to 0%.

The governments of three German federal states have decided to take a step towards e-invoicing. The changes were introduced in the new year. So, what is changing from January 1, 2022, in individual federal states?

The National System of e-Invoices (Krajowy System e-Faktur, KSeF) is a platform for issuing and sharing structured invoices.

The Order 1783/2021 on the nature of the information (Official Gazette (Part I) no.1073, dated November 9, 2021 ) states that Romanian taxpayers must send standard tax control files through the D406 Informative Declaration (SAF-T).

The Slovakian government has decided to introduce an additional tax-related requirement for all VAT registered payers in order to decrease VAT fraud.

However, with the introduction of legge del decreto fisco-lavoro n. 146/2021, the abolition of the esterometer, i.e. cross-border transactions relating to the sale of goods and services, was postponed until July, 1st 2022 (instead of January, 1st 2022).

The introduction of obligatory B2G and G2G e-invoicing has been postponed. Originally, the public sector's obligation to receive and store electronic invoices and to issue e-invoices to other public sector entities was to apply from 1st of January 2022.

New rules on cross-border e-invoicing. Changes will become effective from 1st of January 2022

On the 1st of October, the lower house of parliament of Poland almost unanimously adopted the amendment to the VAT act, introducing the KSeF Platform (Krajowy System e-Faktur).

Prepare your company for the National System of e-Invoices (KSeF)

On June 11, 2021, the Bundestag passed the "Act on Corporate Due Diligence in Supply Chains" (Supply Chain Due Diligence Act, LkSG, or Lieferkettengesetz).

In September 2020, the Italian Digitization Agency (Agenzia per l'Italia Digitale- AGID) introduced new "Guidelines on the Formation, Management and Preservation of Computerized Documents", which were due to be enforced as of June 7th, 2021.

In June, the Polish Ministry of Finance announced that the process of analyzing comments submitted as part of public consultations on the draft of the VAT Act amendment implementing the National e-Invoice System called KSeF has been completed.

As part of the Digital Business Plan, the Australian government last year introduced mandatory e-invoicing for all Commonwealth agencies as of July 1st, 2022, hoping that they will be able to receive at least 80% of invoices by July 2021.

The Zakat, Tax and Customs Authority (ZATCA), previously called GAZT, has finished public consultation and published final documentation regarding controls, requirements, procedural rules and technical specification