Launch of VAT government e-billing 2024 to replace fiscal devices The southeastern African state of the Republic of Malawi is to launch a mandatory VAT e-invoicing system according to its 2024/25 budget policy statement. The aim is to curb Value Added Tax fraud and evasion.
EU Commission evaluates impact of mandatory e-invoicing in public procurement The EU mandated the use of e-invoicing in 2019 via Directive 2014/55/EU. The European Commission has issued the results of an evaluation of this policy. Key conclusions included: The Directive secured many efficiencies for government
Decentralised mandatory B2B & B2G e-invoicing July 2026 The Arab Gulf state of United Arab Emirates (UAE) Ministry of Finance and Federal Tax Authority has provided further details of its plans to mandate e-invoicing from July 2026. This will initially cover B2B and B2G transactions,
Potential additional VAT disclosure proposals ahead of July 2026 e-invoicing Since the French B2B e-invoicing mandate has been delayed until at least September 2026, there has been discussion around additional disclosure requirements for VAT invoices. This would help support the continuing battle to identify VAT
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
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
