New incentives to adopt E-Tax System Thailand’s Revenue Authority has approved a number of incentives for taxpayers to fully adopt the E-Tax System, which provides for digital reporting of invoices and withholding tax payments. Incentives include: Additional deduction allowances for costs reporting in the system
4,000 business join list mandated to use electronic invoices from 1 February 2023 An update schedule of taxpayers joining the Bolivian SFE e-invoicing or digital bookkeeping regime has been confirmed: 4th wave: April 2023 3rd wave: February 2023 2nd wave: December 2021 1st wave: 2021
Sistem E-Faktura B2B e-invoices launched January 2023 Since 1 January 2023, B2B e-invoicing has been mandated in Serbia via Sistem E-Faktura. This covers the creation, issuance, sending and receiving, processing and storage of e-invoicing. A new central clearing system, Continuous Transaction Controls (CTC) model has been created for
VAT Advisor ends the pain for complex cross-border transactions If you are selling cross-border goods or services – traditional or digital – you’ve got international VAT / GST questions: Who should pay how much tax, and in which country? What tax laws, EU VAT Directive
Transmission of myData via ERP goes live January 2024 The Greek digital My Digital Accounting and Tax Application (“myData”) invoicing and bookkeeping regime is being updated for users reporting via ERP’s. The new requirement from the Greek tax office, AADE for transmission of summary data will
2024 Romania eFactură B2B electronic invoice full rollout Romania has dropped plans for a phased rollout to all companies of mandatory B2B e-invoicing. Instead, it will aim for a single 2024 ‘Big Bang’. Ministry of Finance has now confirmed. This follows the July 2022 first round
FATOORAH mandatory e-invoicing 1 January 2023 for large taxpayers; follows Dec 2022 voluntary phase ZATCA confirms 1 July 2023 next wave for mandatory e-invoicing Saudi Tax and Customs Authority (ZATCA) on 23 December confirmed the criteria for the mid-sized wave of mandatory e-invoicing, FATOORAH. This will
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
Pre-clearance electronic invoice model – Continuous Transaction Controls CTR Slovakia has become the latest European e-invoice candidate with the launching of a public consultation and plans implement requirement for B2G e-invoicing in April 2023 (a delay from Jan 2023) – informačný systém elektronickej fakturácie IS
