SERES Blog English

The implementation of electronic invoicing in Bosnia and Herzegovina is still in its infancy, particularly in comparison to other European countries. Unlike in many other European countries, there is no legal obligation for businesses (B2B), consumers (B2C) or public administration (B2G) to use electronic invoicing. Despite the possibility of sending electronic invoices by post or fax, invoices are still processed in physical format.

The New Zealand government has published a series of reforms as part of an initiative to revitalise the economy and strengthen the SME ecosystem. The reforms are designed to facilitate the prompt payment of bills by all public bodies and the adoption of technology to enhance operational efficiency.

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 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 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.

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).