Hungary E-Invoicing Mandate for Energy Sector 2025 From January 1, 2025, Hungary will implement mandatory electronic invoicing for electricity and natural gas trading businesses. The regulation targets entities such as electricity traders, distributors, transmission system operators, and natural gas providers, making e-invoicing a requirement for business-to-business transactions. The new rules, set out in Government Decree No. […]
Greece Sets 30% Deviation Cap for Pre-FilledIncome Tax Returns The Greek tax authorities have published Decision 1045/2025, implementing key regulations under the Greek Tax Procedure Code, focusing on pre-filled income tax returns (Form E3) and myDATA platform integration. Key Changes & Requirements 🔸 New 30% Deviation Limit for Form E3 🔸 Pre-Filled Returns Now the Norm 🔸 Additional Regulatory Requirements
Greece B2B E-Invoicing Mandate Gains EU Approval The Council of the European Union published its implementing decision on Greece’s B2B e-invoicing mandate. The approval is time-limited from July 1, 2025, to December 31, 2027. By then, VAT in the Digital Age (ViDA) reforms are expected to remove the need for such EC authorization. However, a
Mandatory B2B E-Invoicing in Greece:Upcoming Implementation Greece will mandate e-invoicing for B2B transactions starting July 1, 2025, following EU authorization on January 13, 2025. The mandate applies to entities in Greece, requiring compliance with the European Standard EN 16931, while exempting foreign companies Transactions must be reported in real-time via the myDATA platform. This aligns
Greece Delays E-Delivery Rollout for Business Readiness Postponement Announcement: The Independent Authority for Public Revenue (IAPR) in Greece has officially announced a delay in the implementation of the e-delivery system. Initially scheduled to go live on December 1, 2024, the system’s launch has been postponed to provide businesses with additional time to adapt to the
Greece Expands E-Delivery Rules with myDATA Integration In 2024, Greece made significant updates to its electronic delivery (e-delivery) system through new decisions by the Ministry of Finance and the Independent Authority of Public Revenues (IAPR). These updates clarified key aspects of the e-delivery process, offering detailed guidelines to ensure smoother implementation and better interoperability for businesses
Greece myDATA: Real-Timee-Accounting & QR Code Rules The Greek Tax Authority (AADE) published an updated version 1.0.9 of the technical specifications for the myDATA e-accounting system in July 2024 In summary, the updated myDATA technical specifications in July 2024 emphasize real-time data transmission, the introduction of QR codes for documents and receipts, and the finalization of
Germany’s B2B E-Invoicing Mandate: Key Requirements BMF publishes new “letter” on mandatory B2B e-invoicing being phased in 2025 – 2028 Germany’s Ministry of Finance (BMF) on 15 October 2024 issued a final letter (update of June draft) detailing the scope and regulations for the upcoming launch of mandatory B2B e-invoicing for resident businesses. The phased implementation
ZUGFeRD 2.3 Released: Changes and New Featuresin the EXTENDED Profile On 18 September 2024, ZUGFeRD version 2.3 was released. In the new version of ZUGFeRD, new elements have been added to the EXTENDED profile to improve interoperability with the French B2B e-invoicing obligation. It is important that users of ZUGFeRD EXTENDED update to the new
Germany’s New B2B E-Invoicing Requirements The German Ministry of Finance (BMF) published a draft guideline detailing the upcoming mandatory B2B e-invoicing. It covers the first requirements, effective from January 1, 2025, under which all resident taxpayers must be able to receive structured e-invoices for domestic B2B transactions. The key points from the guideline are: For more
