Extensions for final deadline on implementation of electronic invoicing The 1 January 2023 deadline for a range of taxpayers to join the Ministry of Finance’s mandatory e-invoicing regime has been extended as follows: Transport services to 1 March 2023 Financial services 30 April 2023 (two
Jan 2023 published lowering of e-invoicing threshold will not go ahead; threshold remains ₹10 per annum The Indian Central Board of Indirect Taxes and Customs (CBIC) has refuted reports of a cut to the annual sales threshold for clearing e-invoices to ₹5 per annum for 1
New Frequently Asked Questions for e-invoicing and e-waybills The Indian e-invoicing FAQ’s have been updated this month. Topics covered include: e-invoicing processing with supplier processes e-waybill creation deadlines e-waybills for train transport calculating year-end turnover thresholds creating e-waybills with e-invoices reporting and submissions of e-invoices
July 2023 – threshold reduced on reporting of e-invoices South Korea’s near real-time e-invoicing regime will be made mandatory for a larger group of companies as it cuts the annual reporting threshold from KRW 200m to KRW 100m (approx €74,000). South Korea first introduced mandatory
Upgrade to 4.0 CFDI delayed three months until 1 April 2023 The latest version of CFDI e-invoicing system has been postponed until 1 April 2023 (planned for 1 January 2023) by the Mexican Tax Administration. 4.0 changes include: Export information requirements Reporting linked invoices Reversal of
