Standard Audit File for Tax SAF-T Harmonised transactional data schema for simplified exchange with tax authorities The countries below have implemented (or propose) the OECD’s Standard Audit File for Tax (SAF-T). This is an harmonised XML schema of company transaction data from accounting records for
Japan 1st October 2023 qualified invoice regime with optional e-invoicing standard – Peppol BIS Billing 3.0 International (‘PINT’) Japan’s new qualified invoice regime, which underpins the deductibility of Consumption Tax invoices, is being supported by e-invoicing as an option. Japan has adopted the European and
Draft legislation proposes 1 January 2026 for B2B e-invoicing The Belgian Council of Ministers has agreed on a new draft legislation to mandate B2B structured e-invoicing from 1 January 2026. This will be limited to Belgian-resident companies and local subsidiaries of foreign companies. It be
Plans for OECD-based Standard Audit File for Tax of transactional-level VAT data Bulgaria is set to join other countries implementing SAF-T, the OECD-backed standard schema for the exchange of information between tax payers and authorities. With the support of the European Commission, it has been
VAT e-invoicing mandate planning underway – 2025 target – to supplement myDATA transaction reporting for pre-filled VAT returns Greece’s Ministry of Finance and tax authority (AADE) has confirmed that it is discussing the necessary derogations from the European Commission to vary from the EU VAT
Draft legislation published for Jan 2024 near real-time reporting of B2B invoices; full B2B pre-clearance e-invoicing July 2024 Draft legislation has been issued for the launch of B2B electronic invoicing for resident and non-resident businesses. There is a two-stage launch: Jan 2024 – it is
Phased introduction of mandatory e-invoicing from 2024 Following the passing of a Bill to mandate e-CF e-invoices, the Dominican Republic’s General Directorate of Internal Taxes (Dirección General de Impuestos Internos (DGII) has issued new guidance on the rollout of the new regime. The 2024-26 timetable
E-invoicing System EIS full rollout January 2024 The Philippines Bureau of Internal Revenue (BIR) has launched 1 July 2022 mandatory VAT e-invoicing for around 100 large taxpayers based on the Tax Reform for Acceleration and Inclusion Act (TRAIN) Act. The Philippines system is based on
July 2024 launch of National e-Invoice System (KSeF) B2B e-invoicing mandate – new public consulation A new KSeF e-invoicing consultation has been opened this week. The Ministry of Finance is seeking views on exempting a range of supplies from the planned 1 July mandatory B2B
