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
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
Ministry of Finance new roadmap for mandatory e-invoicing, e-commerce platforms and dropshipping reforms The French Ministry for the Economy and Finance has published a roadmap for a range of measures to combat fraud in public finances. This includes a range of VAT-related measures which the
European Commission calls for feedback on adoption and areas for improvement of standard electronic invoice format as VAT in the Digital Age reforms approach The European Commission is holding a consultation of the eInvoicing Directive 2014/55/EU which provides for a common European standard on eInvoicing
Long standing data availability & accuracy challenges take on new imperative with the proliferation of VAT digitalisation and live transaction reporting The whirlwind of global e-invoicing and digital reporting mandates is upon us as governments demand live access to transactional data to validate and surface
E-invoicing and live digital reporting mandates mean VAT and GST must be calculated accurately in real-time to avoid blocked invoices, audits and potential losses. How to rise to the challenge The ‘luxury’ of a few weeks to retro-calculate transactional VAT or GST is coming to
EU Finance Ministers broadly agree with ViDA proposals at ECOFIN. But requests for delays on e-invoicing timetable and more consideration on platform reforms EU Finance Ministers today provided the European Commission’s proposed VAT in the Digital Age reforms. At the monthly Economic and Financial Affairs
EU Finance Ministers debate 3 ViDA questions at ECOFIN 16 June 2024 The EU’s 3-pillar reforms of the VAT regime, VAT in the Digital Age, is to be reviewed by Finance Minister at the monthly Economic and Financial Affairs Council (ECOFIN) on 16 June 2023.
