Tax authorities confirm scope of DEF electronic invoicing obligations The West African islands of Cape Verde introduced electronic invoicing (Documents Fiscaux électroniques or ‘DFE’) from 2020 for the digital reporting of goods and services supplies. It was phased in, completing December 2022. Taxpayers may use
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
Tender launched for electronic invoicing service launch based on EU standard on eInvoicing (EN 16931) Lithuania has started on the long road to introduce electronic invoicing for taxpayers. This will be based on the EU standard on eInvoicing (EN 16931). The Ministry for the Economy has started
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.
ViDA – major progress needed on Single VAT Registration and Platform Economy reforms in 2023 for 2025 launch. Significant consensus on more complex Digital Reporting Requirements also required for 2028 implementation On 8th December 2022, the European Commission (EC) published its proposed VAT in the
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
