General Description This paper summarizes the progress in e-invoicing process in Spain. Introduction The second stage of mandatory e-invoicing is initiated with the law “Creation and Growth of Companies (Law 18/2022, dated 28 September 2022)” that was published in State Official Gazette on 29 September 2022. The law mainly includes the mandatory use of electronic […]
On 18.12.2019, the Albanian parliament adopted the Law on Electronic Invoice and Turnover Tracking System, also known as eInvoice or Fiscalization Law. Within the scope of the law, it is aimed for all taxpayers to apply the eInvoice solution by transferring data over an internet connection using a secure network for issuing and receiving sales
Kazakhstan ESF/SNT/VWH System Local and global companies that want to do business in Kazakhstan will now be able to do their transactions over the web. All commercial activities to be performed in Kazakhstan will be carried out through a web-based portal called Electronic Invoice Information System (IS ESF). Electronic Invoice Information System (IS ESF) Let’s
According to the new Bookkeeping Law, which came into force on 01.07.2022 in Denmark, eInvoicing has become mandatory. The law requires businesses to exchange and archive invoices electronically. At the same time, the new law strengthens the work against fraud and errors in VAT and tax returns. Whether the digital bookkeeping requirement will take effect
The number of countries that attach importance to digitalization in public transactions is increasing day by day. The Ugandan government and Uganda Tax Administration (URA) started the transition to e-receipt and invoicing due to reasons such as non-bill/receipt issuance, spurious invoice and incorrect payments. The Ugandan government aims to pay the collected VAT while reducing
A Brief Overview of the Norwegian SAF-T The Norwegian SAF-T process came into effect for the first period with financial reporting after 1 January 2020. Before this date, the use of SAF-T was voluntary. Norwegian SAF-T (Standard Audit File — Tax) is a standard file format for exporting various types of accounting transactional data using
The Standard Audit File-Tax is a standardized file developed by the OECD that contains reliable data exported from an accounting system. Both the data format (XML) and data content are specified by the XSD schema file. With the regulation published in 2009, the Austrian Ministry of Finance (BMF) expanded the previously allowed data formats to
SAF-T is an international standard for the exchange of accounting data from taxpayers to tax authorities. Introduced by the OECD in 2005, the Standard Audit File for Tax (SAF-T) has always been voluntary and now been adopted by many countries across Europe. It was designed to help businesses minimise their compliance costs across multiple jurisdictions,
Portuguese SAF-T mandatory for non-resident businesses Standard audit file for tax (SAF-T) will become mandatory in Portugal, as per the State Budget proposal for 2022. Portuguese SAF-T returns will be obligatory for all companies. In this situation with the existing, in place for non-established companies with a Portuguese VAT number and issuing invoices with Portuguese
With the opening of the last chapters, Serbia, which has taken very significant steps in EU membership, is an essential part of the EU integration process. Serbia bases its entry on eInvoicing on the law dated 29.04.2021. The law regulates the issuance, sending, receipt, processing, storage, content and elements of electronic invoices and other issues
