New Zealand’s revised adoption of Peppol PINT e-invoicing specification The phased introduction of the PINT A-NZ specification of OpenPeppol standard e-invoicing has been revised. This replaces the existing ANZ Peppol BIS 3.0 specification. The format is obligatory for B2G e-invoicing, and also if e-invoicing is
Meeting anti-fraud tax gap targets helps unlock EU COVID funding ahead of schedule Italy’s Treasury has released Istat data for 2016 to 2021 revealing major improvements in closing down tax fraud and the tax gap – the difference between forecast and received fiscal revenues. The
Launch of VAT e-invoicing and fiscal devices 2024 The central African state of the Democratic Republic of Congo is to launch a mandatory VAT e-invoicing and fiscal devices (cash registers) next year. The aim is to curb Value Added Tax fraud and evasion. The initiative
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
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
ETTN portal extending to all live reporting of electronic invoices The State Tax Service of the Central Asian state of Kyrgyzstan has confirmed that all businesses will have to adopted the Electronic Invoice Note system (ETTN) from May 2023. It has already been in place
