Compliance updates for E-invoicing – September 2024
Romania
Romania extends the grace period for taxpayers to comply with the RO e-Transport system.
The Romanian Ministry of Finance has announced changes to the national digital systems overseen by the Ministry. These changes encompass the e-VAT, RO e-Transport, and RO e-invoice systems.
Belgium
The Belgian Ministry of Finance publishes a dedicated page for the upcoming B2B e-invoicing mandate
The highly anticipated Belgian mandate has been passed into law and is set to come into force on 1 January 2026. The Belgian Ministry of Finance has provided further information notifying taxpayers of the requirements and how to comply.
EU
ESPR regulation and Digital Product Passport: how will they affect e-invoicing and CTC regulations?
The European Commission has introduced the Ecodesign for Sustainable Products Regulation (ESPR) as part of its ongoing efforts to promote sustainability and reduce environmental impact through product design and manufacturing.
This regulation represents a significant step toward ensuring that products sold within the EU market are more sustainable, durable, and resource-efficient.
European Parliament approves legislation related to the ViDA proposal
The European Parliament has published three resolutions approving and amending several aspects of the ViDA (VAT in the Digital Age) proposal. The ViDA proposal still awaits approval; however, the Parliament’s publishing of these resolutions shows progress in addressing many of the concerns ViDA intends to address.
The EU Commission has introduced a guide on Tax Codes for e-invoicing using EN 16931 standards
The guide outlines how tax codes defined in the European electronic invoicing standard (EN 16931) should be applied in specific tax-related scenarios to promote consistency.
Italy
Timelines for Italy’s Special Measures Split Payment Regime
Italy intends to submit a report in September 2024 to the European Commission evaluating the effectiveness of the special measures concerning the split payment regime.
The split payment regime means that when VAT is invoiced by a supplier, the VAT amount must be paid by the buyer/recipient of the invoice to the tax authorities. This process enables the authorities to perform cross-checks and is part of the country’s program for combatting tax fraud and evasion.
Greece
Regulatory framework for electronic delivery in Greece
In 2024, the legal framework for electronic delivery (e-delivery) in Greece was further refined and expanded through additional decisions made by the Ministry of Finance and the Independent Authority of Public Revenues (IAPR). These updates clarified the main aspects of the e-delivery process, introducing more specific guidelines and procedures to ensure smoother implementation and greater interoperability across the business landscape in Greece.
Slovenia
Slovenia takes steps closer to introducing countrywide B2B e-invoicing
The Slovenian Tax Authority (FURS) has published a draft law proposing a B2B e-invoicing mandate. The mandate intends to have all business entities in scope for issuing and receiving e-invoices exclusively.
This mandate will include e-invoices, but also credit and debit notes, e-orders, and equivalent sales documents.
The obligation to comply with this mandate begins on 1 June 2026. The draft and proposal can be seen here
Malaysia
6-month grace period within mandatory e-invoicing requirements in Malaysia
The Malaysian Inland Revenue Board has announced a 6-month grace period starting 1 August 2024. The grace period considers the allowance to issue consolidated e-invoices for all transactions and the exemption from the applicable penalties.
Singapore
Following the announcement of the Singapore GST InvoiceNow Requirement, the IMDA released the PINT updates and outlined the implementation timelines at the Peppol access point meeting in July.
Starting 1 April 2025, it is mandatory for all InvoiceNow network participants within the Peppol framework to at least have the registration for the PINT SG capability to receive invoices. On the other hand, service providers must support sending and receiving PINT SG, including invoices and credit notes, beginning January 2025.
Saudi Arabia
ZATCA establishes criteria for taxpayers to comply with Phase 2 fifteenth wave
Taxpayers in the scope should comply with the Integration Phase requirements no later than 31 May 2025
This group encompass taxpayers with revenues subject to VAT exceeding SAR 4 million (ca. EUR 960 000) during 2022 or 2023. They are now obliged to issue e-invoices and integrate their e-invoicing solution with the FATOORA platform between 1 March and 31 May 2025.
Israel
ITA Releases New Version of their E-invoicing Technical Specifications
The Israel Tax Authority (ITA) has released version 2.0 of its technical specifications, detailing the clearance CTC model that taxpayers must follow to enable their buyers to deduct VAT from cleared invoices.
As stipulated by the technical specifications’ version 2.0, taxpayers must implement the updated requirements by 1 January 2025.
Zambia
ZRA grants a 3-month grace period for VAT Smart Invoice System integration
The Zambia Revenue Authority (ZRA) has extended the grace period for VAT-registered taxpayers to integrate with the Smart Invoice System until 30 September 2024.
