SERES Blog English

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.

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.

After the changes in the Fourth Red Tape Reduction Act (Viertes Bürokratieentlastungsgesetz) and the Annual Tax Act 2024 (Jahressteuergesetz 2024), there will be a few key updates.

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.

E-invoicing in Slovakia has been a reality since the introduction of draft Act No. 215/2019 Coll on secured e-invoicing and the central economic system, which transposes Directive 2014/55/EU of the European Parliament and of the Council. This was introduced in Parliament in April 2019.

The mandatory use of e-invoicing in the B2B context in Spain is imminent, following the enactment of the Crea y Crece Law. However, in regions such as Latin America, it has been a long-standing reality.

In February 2005, the inaugural European regulation requiring electronic invoicing with public administrations came into force. Denmark became the inaugural European country to commence the mandatory transmission and receipt of electronic invoices in B2G relations.

The authority responsible for the implementation of electronic invoicing is the Digitaliseringsstyrelsen. The legislation that established the mandatory use of B2G electronic invoicing is the Bekendtgørelse om elektronisk afregning med offentlige myndigheder.

Finland was one of the pioneering countries in the adoption of electronic invoices. In 2014, the implementation of e-invoicing in public procurement (B2G scope) commenced as a result of the Public Administrations Financial Management Strategy (2014-2020).