In August 2023, the UAE Ministry of Finance revealed its intention to implement e-invoicing on a national scale. Over the course of 2024, the Ministry established July 2026 as the official date for the launch of e-invoicing in the UAE.
On 31 October 2024, the Latvian Parliament approved an update to the Accounting Law, which introduces the mandatory use of structured e-invoices for B2G and B2B transactions.
The European Union is currently at a pivotal phase in the evolution of e-invoicing. The transition towards e-invoicing has been gradual but persistent, commencing with the publication of Directive 2014/55/EU.
On 5 November, during the Economic and Financial Affairs Council (ECOFIN), the latest version of the VAT in the digital age (ViDA project) was updated.
The Polish government has presented a new set of legal solutions with the objective of providing taxpayers with the requisite tools to implement and utilise the KSeF. It is anticipated that this project will receive the necessary authorisation by the end of 2024.
The Italian government has petitioned the European Commission (EC) for authorization to further implement mandatory business-to-business (B2B) e-invoicing through a derogation to Articles 218 and 232 of the Value Added Tax (VAT) Directive. The current derogation is set to expire on 31 December 2024, and thus the Italian government is requesting an extension of the mandate for a further year.
On August 1, 2024, the mandatory pre-clearance e-invoicing regime for B2B, B2C and B2G transactions started in Malaysia. Known as the "soft launch", taxpayers with a turnover of more than MYR100 million were the first to be subject to the new mandate.
The Accounting software for resident companies has been made available by the Belgian Federal Public Service for Finance (FPS) for implementation from the 1st of January 2026. This coincides with the introduction of mandatory electronic invoicing. Furthermore, these software applications will facilitate the exchange of invoices in PEPPOL format.
The German Ministry of Finance (BMF) has published an update to the June draft, providing further details regarding the scope and rules for the forthcoming mandatory B2B e-invoicing initiative, scheduled to commence in January 2025.
The French government is taking a further step towards the digitisation of commercial exchanges with the generalisation of electronic invoicing. This will improve the competitiveness of businesses by optimising payment deadlines and streamlining invoicing circuits. Furthermore, this measure will facilitate relations between businesses and the tax administration.
