Legal regulation changes – stay up to date
News from the Data Exchange world
New E-invoicing Regulation in Romania. Are You Ready? Partially mandatory e-invoicing is to be introduced in Romania in July 2022.
Vietnam still uses paper invoices, but it does not intend to continue doing so.
In Serbia, preparations for e-invoicing have been underway since 2019. The original implementation date was postponed from 1st January 2022 to 1st May 2022.
France is one of the first European countries that decided to implement e-invoicing obligations in business to government (B2G) relations.
Poland is one step closer to gaining EU approval for the KSeF (National System of e-Invoices) mandate.
Making Tax Digital (“MTD”) is a digital tax system introduced in The United Kingdom on 1 April 2019. The main goal of MTD, apart from ecological and economic aspects, is making conducting business much easier for owners and accountants.
In Romania there will be mandatory e-Invoicing for two groups of suppliers. The first is the car trading industry. The second concerns products with high fiscal risk.
As of July 1, 2024, the obligation to receive invoices in electronic format will be mandatory for all companies.
In 2018, the Philippines launched the Tax Reform for Acceleration and Inclusion (TRAIN), in which several tax reform proposals were introduced and discussed.