Extension of Electronic Tax Invoice management system (TIMS) full implementation to 30 November 2022 From 30 November 2022, only purchase invoices cleared through the Electronic Tax Invoice management system (TIMS) government system may be used to deduct input VAT by taxpayers. This now applies to
Reform conclusions expected 16 November 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
Legislature approves mandatory e-invoicing following pilot El Salvador’s Parliament has agreed to mandatory electronic invoicing (Electronic Tax Documents (DTE)). This covers: invoices; delivery notes; debit and credit notes; delivery notes; settlement receipts; withholding receipts; and tax credit receipts. Receive our free VAT newsletter for global
July 2024 to July 2025 B2B invoicing phased rollout; Peppol likely preferred standard Original plans to launch July 2023 likely have been delayed for a second time to start July 2024 as key decisions and planning remain. To get regular VAT or GST news updated,
Standard Audit File for Tax – harmonised transactional data schema for easy 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
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. This follows the phased introduction of mandated e-invoices. Sign-up for our regular free
13 new regions join mandatory e-invoice (e-fapiao) pilot in August 2022; full roll out by 2023 China’s State Taxation Administration (‘STA’) is continuing to expand its introduction of the special e-fapiao e-invoice system, based on national invoicing platform. since the last wave of 25 regions joining the
DGI delays for roll out of mandatory e-invoicing to October 2022 Since 2021, a pilot roll out is underway of mandatory e-invoicing for all new taxpayers on the Electronic Invoicing System SFEP (sistema de facturación electrónica de Panamá). Part of the aim of the pilot is to
DGI prepares for January 2023 final rollout phase of electronic invoicing. Since 2021, a pilot roll out is underway of mandatory e-invoicing for all new taxpayers on the Electronic Invoicing System SFEP (sistema de facturación electrónica de Panamá). Part of the aim of the pilot is to
Chile drops daily sales summary for e-invoicing From 1 August 2022, tax payers who must submit daily sales reporting will no longer be required relieved of the requirement. Instead, the tax authorities will rely on DTE (see below) to complete their electronic sales and purchase
