SAF-T Electronic Reporting in Ukraine Starting January 1st, 2025, large taxpayers in Ukraine will be required to submit SAF-T (Standard Audit File for Tax) electronic files to the tax authorities. This mandate marks the first phase of a two-step implementation process: Large taxpayers are defined as legal entities with an income exceeding five hundred million […]
Singapore to Reclassify GST Business Rules asFatal Errors from May 2026 The Infocomm Media Development Authority (IMDA) has announced a significant compliance update to the InvoiceNow (Peppol) framework, which will take effect in May 2026. Several Goods and Services Tax (GST) business rules for electronic invoices and credit notes will be reclassified from warnings to
Singapore Announces Rollout Schedule forInvoiceNow Implementation The Inland Revenue Authority of Singapore (IRAS) has declared that starting in May 2025, there will be a staged rollout of InvoiceNow, the country’s e-invoicing system based on the Peppol network, specifically for GST-registered businesses. This initial phase will focus on B2B (business-to-business) transactions, with plans to expand to
France 2026 E-Invoicing: Chorus Pro Becomes Mandatory July 18, 2025 – France will mandate electronic invoicing for all VAT-liable entities from September 2026, completing the transition to a digital economy. Chorus Pro platform will become the mandatory e-invoice hub for private sector in addition to its public sector role. Major Transformation: Chorus Pro, operated by
Hungary 2565 VAT Return 2025 : UpdatedGuide Released The Hungarian National Tax and Customs Administration (NAV) has published a comprehensive updated guide for completing the 2565 VAT return form. The new manual includes significant changes effective from 2025. Key Changes and Updates Currency Format Update Starting in 2025, several forms will undergo an important change.
Kazakhstan Expands VAT Refund Pilot for Tourists Kazakhstan’s Ministry of Finance has announced plans to extend its VAT refund pilot project for foreign tourists until the end of 2025. This initiative, which enables foreigners to claim back VAT on goods exported from Kazakhstan, aims to enhance tourism and stimulate business activity. Proposed Extension Details The Committee
Jordan Expands JoFotara E-Invoicing for Local Purchases The Jordanian Income and Sales Tax Department (ISTD) has announced the launch of Phase 2 of its JoFotara electronic invoicing system, reinforcing tax compliance regulations for businesses operating in Jordan. Effective April 1, 2025, this phase mandates that all goods and services transactions require a tax-compliant electronic invoice to
Italy Extends E-Invoicing Exemption for Small Businesses On 10 October 2024, Italy published a decision granting an extension for its mandatory electronic invoicing exemption until 31 December 2025. This measure ensures continuity until EU Member States implement national regulations aligned with the ViDA proposal. The decision follows the EU Council’s previous amendment (Decision EU 2021/2251)
Israel Updates Invoicing Services and CTC Documentation The Israeli Tax Authority (ITA) has published a new version of its invoicing services documentation. This updated document introduces enhanced services and outlines alternative methods to follow in case of delays after submitting invoice data. In May 2024, Israel implemented its Continuous Transaction Control (CTC) clearance mandate. Under this
Israel’s New Electronic Invoicing Model for Tax Compliance New Electronic Invoicing Model in Israel:
