2023 / 24 Budget includes provisions for electronic invoicing In its 2023/24 budget, the Botswana government has included plans to introduce e-invoicing. The Botswana Revenue Services (BURS) will look to introduce electronic billing / invoicing platforms to improve VAT compliance. Many other African states have
Government change delays implementation of digital invoice and record keeping phased launch The implementation of the Danish Bookkeeping Act has been delayed at the start of December. This was due to the delay in formation of a new government – subsequently completed last week. Accounting and
New digital reporting obligations lay foundations for major shift in tax collections between member states? The recently announced EU VAT in the Digital Age ViDA reforms could help build the detailed transaction reporting that addresses objections to the long delayed Definitive VAT System. This reform
Pre-clearance fiscal electronic invoices – registration underway The Indian island nation of Mauritius has confirmed plans to implement electronic invoices. This was disclosed in the 2022 Budget as updates to the Value Added Tax Act. Businesses must now be registered with Mauritius Revenue Authority by
2028 Near-real time digital reporting of intra-community supplies and acquisitions to Central VIES database and replaces EC Sales List; mandatory structured e-invoicing for EU intra-community; 2014 member states free to decide on local reporting The European Commissions proposed Digital Reporting Requirements (DRR) includes two paths
ETTN portal extending to all live reporting of electronic invoices The State Tax Service of the Central Asian state of Kyrgyzstan has confirmed that all businesses will have to adopt the Electronic Invoice Note system (ETTN) from 1 January 2023. It has already been in
National Bureau for Revenue set-up consultations with industry on launch plans for e-invoicing The Bahrain NBR is organising a serious of consultations and workshops with major businesses around launch plans for electronic invoicing. This will be review potential technical standards, launch planning and to review
Evaluation of electronic invoicing implementations with recommendations for global tax administrations; harmonisation not possible The Organisation for Economic Cooperation and Development has issued an initial findings report “Tax Administration 3.0 and Electronic Invoicing’ on electronic invoicing for tax authorities looking to introduce the VAT/GST control reform,
Pre-clearance fiscal electronic invoices The Indian island nation of Mauritius has confirmed plans to implement electronic invoices. This was disclosed in the 2022-23 Budget as updates to the Value Added Tax Act. The new live reporting regime will require tax payers to pre-clear invoices in
