Reform conclusions expected October 2022: Single VAT registration in the EU; Digital Reporting Requirements; and Digital Platforms and VAT With public consultations completed and VAT Expert Group review progressed, the European Commission is set to conclude shortly on options for three strands of reforms to
Pre-clearance electronic invoice model – Continuous Transaction Controls CTR Slovakia has become the latest European e-invoice candidate with the launching of a public consultation and plans implement requirement for B2G e-invoicing in January 2023 – informačný systém elektronickej fakturácie IS EFA. Currently, only certain B2G
Since 1 June 2021, Ecuador’s SRI (Internal Revenue Service of Ecuador) expects all transactions over approx USD 1,000 to be supported by an Comprobante Electronico (electronic invoices). The next wave of taxpayers mandated to introduce e-invoices from 29 November 2022: And income tax payers not
Upgrade to 4.0 CFDI delayed six months until 1 January 2023 The latest version of CFDI e-invoicing system has been postponed until the start of 2023 by the Mexican Tax Administration. 4.0 changes include: Export information requirements Reporting linked invoices Reversal of invoices reported. Mexico’s Servicio
Mandatory Online Electronic Invoices for remaining VAT registered business from 1 July 2022 via FEL The Central American state of Guatemala’s Superintendent of Tax Administration (SAT) has declared that VAT payers must use the Factura Electrónica en Línea FEL portal to register electronic invoices. Pre-printed
Non-resident business with a Portuguese VAT registration must now submit monthly invoices under SAF-T PT Foreign businesses producing their Portuguese invoices using certified software are now obliged to submit monthly invoice summaries using the SAF-PT format. This is due by the 12th of the month
KSeF e-invoices production version available for testing; mandated 1 January 2024 The Polish e-invoicing platform, KSeF, has now been released this month. Businesses are able to test, create, issue, receive and review electronic invoices. This is ahead of the January 2024 mandating the use of
Over 90% of companies complete 2nd phase of e-invoice roll out since 21 April 2022 The second phase of the national rollout of mandatory invoicing between April and July 2022 has resulted in 764,314 tax payers registering according to the General Department of Taxation. This
Electronic invoices test sandbox for testing prior to Jan 2023 full integration Businesses may now test the FATOORAH e-invoice system in a sandbox environment ahead of full mandatory obligation to issue e-invoices from 1 January 2023. This follows the December 2021 introduction of the obligation
2024 B2B invoicing launch likely; Peppol likely preferred standard Original plans to launch July 2023 likely to be shifted to Jan 2024 or later as key decisions and planning remain. An ambitious, and potentially subject to delay timetable for the introduction of mandatory B2B invoices
