ViDA fails to achieve political agreement in 2023 The EU’s VAT in the Digital Age 3-pillars of reforms will not achieve final agreement by EU Finance Ministers this year as planned. This means it passes from the current Spanish to the Belgian presidency of the
The EU is undertaking an extended program of reforms to its Value Added Tax regime. This commenced with the 2016 Tax Action Plan, containing over ten reforms included the later separated 1 July 2021 e-commerce VAT package and the new VAT in the Digital Age
5 tax agencies test EU ViDA Digital Reporting Requirements transaction data technical challenges Denmark, Finland, Iceland, Norway and Sweden tax authorities are completing a pilot technical trial of exchanging VAT invoice data based on the EU ViDA Digital Reporting Requirements proposal. IT is known as
Oct 2023 launch of electronic e-invoicing regime The west African country of Mauritania’s Minister of Finance has published regulations for the introduction of e-invoicing. This would be a phased introduction of live VAT invoice reporting. Mauritania is proposing a pre-clearance regime, with invoices having to
Ministry of Finance seeks to tackle VAT fraud via electronic invoicing The southern African state of Zambia is planning to become the latest state to implement electronic invoicing. The aim is to expunge Value Added Tax fraud being committed via fake input invoices. In addition,
Finance Ministry targets extra €2 billion VAT collections from digitalisation of reporting The Greek Finance Ministry is aiming to improve on the nearly 20% VAT gap losses in tax revenues from a range of measures. Greece is looking to emulate the success of Poland and
SARS considers e-invoicing / digital VAT transaction reporting with pre-filled returns The South African Revenue Service (SARS) has launched a public consultation on modernising its VAT regime. This includes moving to real-time transaction report which will help offer taxpayers pre-filled VAT returns. The aims include
Voluntary e-invoicing April 2024; mandatory to be confirmed for October 2024 Sultanate of Oman Tax Authority has confirmed its plan to introduce VAT electronic invoicing via a formal Request for Information tender request. “The plan is to open e-Invoicing to VAT registered taxpayers in Oman
Two phased ‘e-billing system’ B2B July 2025 to July 2026 The Arab Gulf state of United Arab Emirates (UAE) Ministry of Finance has published plans to implement mandatory real-time payments and e-invoicing for B2B transactions from July 2025. The news came as part of a
