Discover the main aspects of e-invoicing in Egypt
Egypt, a country with a rich history and a promising economic future, has become one of the first African nations to adopt digital solutions for buying and selling.
Egypt, a country with a rich history and a promising economic future, has become one of the first African nations to adopt digital solutions for buying and selling.
The Ministry of Finance is finalising the details of the Fiskalizacija 2.0 project, which will introduce mandatory e-invoicing in Croatia on a business-to-business basis. Additionally, digital reporting will be required for all domestic transactions.
During the second part of 2023, the Bundesministerium der Finanzenreleased a discussion paper proposing the implementation of mandatory B2B e-invoicing and called for the repeal of Articles 218 and 232 of Directive 2006/112/EC. The paper refers to the e-invoicing concept as proposed by the European Commission's ViDA Project and EN 16931.
The governments of Latin American countries have progressively implemented mandatory invoicing regimes. The transition has been marked by a constant evolution exemplified by the enactment of laws and regulations aimed at promoting the widespread use of electronic invoicing.
The draft law on B2B e-invoicing in Belgium was published on 28 December 2023, approved by the Chamber of Representatives in February 2024 and published in the Official Gazette after the King's signature.
In recent years, e-invoicing in Asia has become one of the fastest growing markets in the world. Most Asian countries have begun regulating e-invoice issuance through their own platforms or the PEPPOL network.
E-invoicing offers many benefits to businesses, as evidenced by the mandatory adoption of e-invoicing in public services, which has led several European governments to develop plans for its adoption in the private sector.
In 2017, the implementation of e-invoicing in the public sector began in France and was completed in just three years. Since 1 January 2020, all French companies have been required to send electronic invoices to public administrations.
SERES has published a report on the status of e-invoicing in the Americas region for the year 2023. The study highlights the increasing number of countries, including Bolivia, Paraguay and the Dominican Republic, that are adding new taxpayer groups to their e-invoicing regimes.
E-invoicing is one of the most important tools to prevent fraud and tax evasion in Latin America. Invoicing regimes are mandatory in many countries, and in others, implementation is being phased in.
In recent years, the use of e-invoicing in Asia has experienced significant growth. This has led to the region being on track to achieve one of the highest annual growth rates for e-invoicing.