Electronic invoicing to double VAT revenues Nigeria’s governmental review has identified the implementation of e-invoicing as a key strategy to double VAT revenues. A form of mandatory e-invoicing is already in place with the Central Bank for clearing payments. No timing has been provided by
FATOORAH mandatory B2B e-invoicing ninth wave to join Phase 2 from 1 June 2024 Zakat, Tax and Customs Authority (ZATCA) confirms eight wave of taxpayers to join the Phase 2 (Integration Phase) of mandatory e-invoicing. These are taxpayers with an annual income between SAR 30
3-month delay on 2024-28 phased introduction of B2B centralised pre-clearance e-invoicing to tackle fictitious invoice fraud The Israeli Ministry of Finance is progressing a centralised Continuous Transaction Control (CTC) based electronic invoicing regime. However, due to the current crisis, the launch has been put back 3
Delays to 2024 for 4th, 5th and 6th waves of SFE electronic invoicing Bolivia’s National Tax Service’s (SIN) has abandoned an October 2023 launch date for the fourth wave of VAT e-invoicing taxpayers. The new timetable to join the Sistema De Facturacion Electronica (SFE) regime is:
Two phased ‘e-billing system’ B2B July 2025 to July 2026 The Arab Gulf state of United Arab Emirates (UAE) Ministry of Finance has published plans to implement mandatory real-time payments and e-invoicing for B2B transactions from July 2025. The news came as part of a
Business Payments Coalition launch DBNAlliance as common e-invoice network exchange entity A new not-for-profit entity, Digital Business Networks Alliance, has been launched by the Business Payments Coalition to establish a North America (Canada and the USA) common network for the electronic exchange of invoices between
Update – Tax authorities impose e-invoicing on marketplaces Columbia’s Ministry of Finance and Public Credit has issued a number of modifications to the CUFE e-invoice rules. This includes an obligation for digital platforms to offers an e-invoicing facility to charge their own customers. It also
July 2023 Paper invoices now invalid as mandatory e-invoicing rolled out B2B and B2C Egyptian tax payers will no longer be able to rely on paper VAT invoices for the purposed of VAT deductions from 1 July 2023. This follows the phased introduction of mandated
