Romania Updates RO e-Invoice Rules for Public Institutions The Ministry of Finance of Romania published some updates on the RO e-invoicing system. The Ministry of Finance of Romania published the National e-Invoicing System RO e-Invoice for public institutions. Accordingly, to able be to send invoices to public institutions, their issuers must have a qualified digital certificate, […]
Romania Proposes Extension of RO e-Invoicing Grace Period The draft ordinance published related to no sanctions for those who do not use the RO e-Invoicing system. Through a draft ordinance, the Ministry of Finance formally proposes to extend the time until May 31, 2024, during which businesses that fail to comply with the RO e-Invoice system
Romania Updates RO e-Factura User Guide for 2024 RO e-Factura 2024: The guide for the use of the national e-Invoicing system has been updated.
Romania Clarifies UIT Code Rules fore-Transport Compliance ANAF published a document to the UIT code. In Government decree 2022/41, the wording “The UIT code may be generated no more than 3 calendar days before the date declared for the start of the transport” was amended by the document just published by ANAF to read “Taxpayers
Romania Expands RO e-TransportReporting to All International Goods The obligation to report via the RO e-Transport system for all categories of goods transported internationally is established. Starting December 15, 2023, the obligation to report via the RO e-Transport system for all categories of goods (regardless of the category of transported goods) transported internationally, impacting import/export
The Saudi Arabian General Authority of Zakat and Tax (GAZT) regulated the use of e-invoices in the Electronic Invoicing Regulation. In the context of regulations in the ‘E-invoicing Regulation’ published by GAZT, as of December 4, 2021, the use of e-invoices will be mandatory in the whole country. Who should use electronic invoice in Saudi
China’s fapiao invoice system is a legal receipt that serves as evidence for purchase of goods and services. However, the largest fapiao invoice system is an essential component of Chinese tax law. It is also an important compliance component for businesses. The Tax Authority of China requires the use of fapiao so that companies can
In 2018, Singapore government decided to develop e-invoice system using European standards and PEPPOL network to increase international trade. In this context, the Information Communication Media Development Authority (IMDA), PEPPOL Authority of country, is responsible for assignment of access points (AP). Moreover, it is authorized to define the technical specifications for e-invoice system. IMDA is
Ministry of Finance (MoF) works within the framework of Regulation No. 522 to reduce the informal economy and prevent corruption. To this end, transition to e-invoices has been made on a voluntary basis since July 1, 2019, and mandatory since January 1, 2020 for all economic organizations in the country. Therefore MoF, “UzASBO Faktura” https://invoice.uzasbo.uz
Vietnam started the e-invoicing process in 2018, with the approval of Decree No. 119. According to the new decree, compliance period for companies has been extended to two years. However, ongoing Covid-19 process and other difficult challenges have made the Vietnamese government mandatory to postpone the compulsory use of e-invoices until July 2022 in accordance
