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
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. Belgium’s preferred plan is two staged: PEPPOL-based e-invoicing
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,
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
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
Compulsory reporting of e-invoices to government Thailand now requires taxpayers to submit electronic invoices to the government. The use of e-invoices is not compulsory; but since 2017 when adopted by any taxpayer, they must be submitted with the e-Tax and Invoice Receipt regime. Invoices are
PEPPOL-based E-invoicing proposed phased rollout between July 2023 to 2025 The Australian Department of Treasury is proposing to permit businesses to require their suppliers to issue PEPPOL-based e-invoicing on B2B transactions according to the following schedule: July 2023: any company may require their large (turnover
Fresh plans to mandate e-invoicing with phased roll out The Dominican Republic’s General Directorate of Internal Taxes (Dirección General de Impuestos Internos (DGII) has issued a new draft regulations in another attempt to impose mandatory e-invoices. Draft rules from 2019 had failed to be adopted.
Russia has put on pause plans to mandate B2B electronic invoicing The existing ‘Traceability Model’ on retail sales will not be extended to the B2B transactions for the forceable future. This was confirmed by the Ministry of Finance in June 2022. Invoice Traceability Model adopted
