Backing for EU’s VAT in the Digital Age reforms; sceptical on need for mandatory domestic e-invoicing regime The Dutch Secretary of Finance has confirmed conditional support of the EU’s VAT in the Digital Age – reforms designed to reduce the need for foreign VAT registrations
Global standard for CTC electronic invoicing to fight VAT fraud Peppol CTC (Continuous Transaction Controls) is a technical architecture developed in 2021 by PEPPOL (Pan-European Public Procurement Online) that seeks to set a new standard for pre-clearance e-invoicing regimes based on CTC. It aims to improve interoperability
Government change delays implementation of digital invoice and record keeping phased launch; January 2024 now likely The implementation of the Danish Bookkeeping Act has been delayed at the start of December 2022. This was due to the delay in formation of a new government –
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
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
Bahraini National Bureau for Revenue issues e-invoice launch tendor following public survey – possible January 2024 launch The Bahrain NBR is now seeking proposals for the introduction of an e-invoicing regime. This follows a public survey earlier this year. Bahrain is likely to follow the
Mandatory B2B and B2C electronic invoicing – Electronic Billings Systems (EBM) The Rwanda Revenue Authority requires since 2021 most invoices to be registered with it in live format. This applies not non-VAT registered traders, too. The accepted EBM’s to register invoices include: Sales Data Controller –
B2G and B2B large tax payers electronic invoicing since 2016 Tunisia was the first African country to introduce mandatory B2G and limited B2B electronic invoicing in 2016. This is known as el fatoura It has adopted a Continuous Transaction Controls CTC, including the use of
