Invoice Quick Response Codes are becoming mandatory as tax authorities digitise As part of the efforts to recover billions in lost VAT fraud and digitise tax, many tax authorities are imposing the obligation to include Quick Response Codes (QR Codes) on VAT / GST invoices.
Upgrade to 4.0 CFDI delayed further three months until 1 July 2023 The latest version of CFDI e-invoicing system has been postponed until 1 July 2023 (planned for 1 January and then 1 April) by the Mexican Tax Administration. 4.0 changes include: Export information requirements Reporting
GST Network delays 7-day e-invoice upload deadline from May to August 2023 The GST Network (GSTN) has postponed by three months a new seven day deadline for e-invoice uploads o the Invoice Registration Portal (IRP). Instead of 1 May, this obligation will now come into
Global standard for CTC electronic invoicing to fight VAT fraud Peppol CTC (Continuous Transaction Controls) is a technical architecture developed in 2021 by PEPPOL (Pan-European Public Procurement Online) that seeks to set a new standard for pre-clearance e-invoicing regimes based on CTC. It aims to improve interoperability
Spain publishes draft e-invoicing regime: decentralised CTC with public portal or certified third-party agent submissions Spain’s State Tax Administration Agency (Agency Estatal de Administracion Tributaria) has updated the draft draft Royal Decree for its proposed e-invoicing regime applicable on B2B transactions – companies and self-employed
Extensions for final deadline on implementation of electronic invoicing The 1 January 2023 deadline for a range of taxpayers to join the Ministry of Finance’s mandatory e-invoicing regime has been extended as follows: Transport services to 1 March 2023 Financial services 30 April 2023 (two
Ministry of Finance phases in 2024-28 pre-clearance B2B e-invoices to tackle fictitious invoice fraud The Israeli Ministry of Finance is progressing a Continuous Transaction Control (CTC) based electronic invoicing regime. The aim is to tackle the large ‘fictions invoice’ fraud problem, often used by criminal gags
VAT Advisor ends the pain for complex cross-border transactions If you are selling cross-border goods or services – traditional or digital – you’ve got international VAT / GST questions: Who should pay how much tax, and in which country? What tax laws, EU VAT Directive
Jan 2023 published lowering of e-invoicing threshold will not go ahead; threshold remains ₹10 per annum The Indian Central Board of Indirect Taxes and Customs (CBIC) has refuted reports of a cut to the annual sales threshold for clearing e-invoices to ₹5 per annum for 1
