Peppol’s ViDA Pilot: Supporting ViDA via 5-corner e-invoicing Peppol Network The Peppol network is starting a pilot program this Autumn to demonstrate how Peppol model can facilitate compliance with proposed B2B VAT in the Digital Age‘s first Pillar of reforms, due in July 2030, Digital
Launch of VAT e-invoicing and fiscal devices 2024 The central African state of the Democratic Republic of Congo (formerly Zaire) is to launch a mandatory VAT e-invoicing and fiscal devices (cash registers) in September 2024. The aim is to curb Value Added Tax fraud and
VAT in the Digital Age won’t return to ECOFIN for agreement till Oct or Nov 2024 EC and Hungarian presidency of Council of the EU progressing preliminary ViDA work; will reexplore ECOFIN agreement after Estonia’s block on Pillar 2, Platform Economy. A new EU Commission
Which EU states have applied and obtained an e-invoicing derogation Under current European Union VAT Directive rules, member states may not mandate the use of electronic invoices in place of paper invoices. However, they may apply to the European Commission for a temporary derogation from
Ministry of Finance grants 3-month soft launch for 1 July mandated e-invoice via SMART INVOICE software The southern African state of Zambia has granted a penalty-free three-month soft launch following the 1 July 2024 launch of its mandatory Smart e-invoicing regime. The Zambia Revenue Authority
2035 VAT in the Digital Age requires states with existing domestic e-invoicing to harmonise The latest draft of EU VAT in the Digital Age required member states with existing domestic B2B and B2C e-invoicing and digital reporting requirements to adapt their regimes by January 2035
Oct 2024 B2B e-invoicing mandatory launch now missed following voluntary phase April 2024 Draft plans to introduce mandatory B2B e-invoicing in the Gulf state of Oman this autumn now appear on hold. The plans were originally announced via the the Tax Authority update to VAT
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
July 2024: implementation of digital invoice and record keeping phased launch The implementation of the Danish Bookkeeping Act main digital requirements is now underway. Under the 2022 Danish Bookkeeping Act, Danish resident businesses are mandated to record and store their accounting records on approved accounting
Overview of the EU-backed standard for structure electronic invoices Standard EN6931 was adopted by CEN (European Committee for Standardisation) on April 17, 2017. It is already adopted for B2G e-invoicing in the EU, and is the basis for the July 2030 Digital Reporting pillar of
