First 600 taxpayers on e-VAT; full mandate for all by 2024 The Ghanian Revenue Authority (GRA) has now onboarded 600 taxpayers to e-VAT, its electronic invoicing reporting regime. These are large and high-risk taxpayers. Get our free VAT newsletter for international VAT updates. This covers
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,
Spain to add live B2B e-invoices to existing SII real-time reporting; rollout between 2024 and 2026; legal obligation on ERP and billing system vendors to offer compliant systems Spain’s lower House of Parliament, the Congress of Spain, has ratified a technical specification Bill launching mandatory B2B
Extension of Electronic Tax Invoice management system (TIMS) full implementation to 30 November 2022 From 30 November 2022, only purchase invoices cleared through the Electronic Tax Invoice management system (TIMS) government system may be used to deduct input VAT by taxpayers. This now applies to
Reform conclusions expected 16 November 2022: Single VAT registration in the EU; Digital Reporting Requirements; and Digital Platforms and VAT With public consultations completed and VAT Expert Group review progressed, the European Commission is set to conclude shortly on options for three strands of reforms
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
Legislature approves mandatory e-invoicing following pilot El Salvador’s Parliament has agreed to mandatory electronic invoicing (Electronic Tax Documents (DTE)). This covers: invoices; delivery notes; debit and credit notes; delivery notes; settlement receipts; withholding receipts; and tax credit receipts. Receive our free VAT newsletter for global
July 2024 to July 2025 B2B invoicing phased rollout; Peppol likely preferred standard Original plans to launch July 2023 likely have been delayed for a second time to start July 2024 as key decisions and planning remain. To get regular VAT or GST news updated,
Paper invoices now invalid as mandatory e-invoicing rolled out B2B and B2C Egyptian tax payers will no longer be able to rely on paper VAT invoices for the purposed of VAT deductions. This follows the phased introduction of mandated e-invoices. Sign-up for our regular free
13 new regions join mandatory e-invoice (e-fapiao) pilot in August 2022; full roll out by 2023 China’s State Taxation Administration (‘STA’) is continuing to expand its introduction of the special e-fapiao e-invoice system, based on national invoicing platform. since the last wave of 25 regions joining the
