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
Since 2011, all central public institutions in Norway must receive and process eInvoice. The Norwegian government added to this in 2012 that suppliers of central government organizations also send eInvoices under the European eInvoice standard. According to regulation 444 issued by the Norwegian government, from April 2, 2019, all public procurement authorities are required to
The Office of Financial Innovation and Transformation (FIT), a public institution operating at the federal level in the USA, determines innovative solutions so that public institutions can become more efficient and transparent in federal financial management. FIT helps to implement solutions as well as identify them. In this context, FIT’s priorities are: One of FIT’s
The Estonian government states that with the Accounting Law amendment published on 27 December 2016, all public procurement authorities (central, regional and local) will accept and process invoices in digital format from 1 March 2017. In addition, this law mandates the use of certain formats, such as the Estonian standard (national XML-based standard) or the
The Law on Public Procurement, which entered into force on 01.10.2016, transposes EU legislation on public procurement into Czech national legislation, including Directive 2014/55/EU on electronic invoicing in public procurement (e-Invoicing). Article 221 of the said Law stipulates that public contracting authorities shall not reject any e-Invoice issued by an economic operator if it is
