2030 taxpayers must be able to issue and receive e-invoices within 2 days for Intra-community supplies – VAT in the Digital Age From 1 July 2030, e-invoices for supplies of goods or services across EU borders (Intra-community Supplies (ICS)) must be issued. The current maximum
VAT in the Digital Age agreed at ECOFIN 5th November; compromise changes returned to EU Parliament before final acceptance by Counsel EU Finance Ministers gave political agreement to ViDA on 5th November 2024, with a revised implementation timetable: July 2028 Single VAT Registration Jan 2030
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
Bosnia to bring forward proposed bill on mandatory e-invoicing 2025 The Balkans state of Bosnia and Herzegovina is formulating a bill to introduce mandatory electronic invoicing, including live reporting to government tax authorities. This is likely to be presented the parliament in early 2025. No
B2B Peppol structured e-invoicing in fight to combat VAT fraud The update to the Accounting Law to introduce mandatory structured e-invoices on B2B transactions by resident businesses has been promulgated on 12 November 2024. There will be two phases for resident businesses only: Jan 2025:
Updated publication of common German ZUGFerd and French Factur-X standard In October, the respective national e-invoicing standards for Germany and France will simultaneously updated. German e-invoicing is to be mandated between 2025 and 2028. There is also a French e-invoicing mandate starting in September 2026.
Extended mandate for B2G e-invoicing with 10-day settlement commitment New Zealand’s government is to increase the range of government agencies that must receive and issue structured Peppol e-invoices by 2026. And to encourage businesses to gear-up for this change, they will be guaranteed faster settlement
E-invoices must be adopted for sales to non-consumer customers Hungary is to attempt to squeeze VAT fraud from the trading of electricity and natural gas. This is separate from the Hungarian real-time reporting obligation. Starting 1 January 2025, electronic invoicing for non-private person customers in
HMRC to launch public consultation on electronic invoicing to government and businesses The UK Chancellor on 30 October in the Autumn Budget confirmed it will publish a consultation in early 2025 to establish standards and increase the adoption of electronic invoicing. This had already been
Law amends & details of 2026 B2B and B2G decentralised mandatory 5-corner model On 29 October, the Arab Gulf state of United Arab Emirates (UAE) Ministry of Finance and Federal Tax Authority has updated the VAT Law to include provision for e-invoicing: definitions; recovery; issuance;
