On 18 July 2024, Israel’s Tax Authority (ITA) introduced an updated version of its technical specifications for its electronic invoicing mandate. This new version details the clearance Continuous Transaction Control (CTC) model that taxpayers must adhere to claim VAT deductions on cleared invoices. According to these revised technical specifications,
Starting January 2025, new changes will come into play in Portugal’s e-invoicing regulations: * Starting from 1 January 2025, a new regulation will come into effect regarding Portuguese invoices. According to this regulation, all invoices issued in PDF format must include a digital signature to be considered valid, along with
General Background Starting in 2018, Taiwan’s Ministry of Finance has gradually implemented the mandatory use of electronic invoices, with the goal of future applicability to all taxpayers. The initiation of the undertaking is to provide a more efficient and affordable Cloud processing service. This prevents logistical problems and erroneous
Starting 1 January 2025, all German-based companies must be capable of receiving electronic invoices (e-invoices) in the EN16931 format. The consent of the recipient will no longer be required for an invoice issuer to issue electronic invoices. Are you ready for the change? What changes do businesses need to prepare
Although September 2026 seems to be some time away, there is much preparation to be done ahead of the B2B electronic invoicing implementation date in France. The French tax authority, Direction Générale des Finances Publiques (DGFiP), along with the state agency Agence pour l'Informatique Financière de l'
The Inland Revenue Board of Malaysia (HASiL) has announced a postponement of its mandatory e-Invoicing implementation by six months, in an attempt to ensure smoother compliance with the mandate for businesses. HASiL noted that certain industries had a more challenging time in adhering to the timelines mandated. This delay has
The Malaysian Government announced the implementation of e-invoicing as an effort to enhance the efficiency of Malaysia's tax administration management. The e-invoice system implemented will enable near real-time validation and storage of transactions, including B2B, B2C and B2G transactions. Taxpayers in Malaysia can select between two mechanisms for
Along with some transitional provisions included, it will be mandatory to use e-invoices for sales between domestic companies from 1 January 2025. The Federal Ministry of Finance (BMF) will publish a letter with the highest financial authorities of the federal states, however, this has been sent to associations for the
eezi was born from the heart of the VATit Group, with the primary goal of creating a meaningful suite-of-services across the VAT realm. We envision being the one-stop-shop for clients, with simple and effective service being our number one priority. eezi has collaborated with VATit Reclaim to bring a streamlined
Transatlantic e-Invoicing Harmonisation: Aligning the US and EU The United States and European Union are working towards greater alignment on e-invoicing. This is part of a clear intention to harmonise both sides of the Atlantic. This was signaled at the sixth meeting of the Trade and Technology Council (TTC). The
Navigating the Digital Frontier: Unravelling ViDA’s Impact on VAT On the 21st of March 2024, the Group on the Future of VAT of the European Commission gathered for their latest meeting. Among other topics, they discussed the further developments of the VAT in the Digital Age (ViDA) package. In
Unfortunately, no consensus was reached at the most recent ECOFIN meeting with regards to the ViDA Proposal. Estonia opposed the deemed supplier rules, aiming to protect SMEs. They did not have objections against DRR or the Single VAT registration. Estonia's proposal is to make the deemed supplier rules