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The European Commission has authorized the Hellenic government to implement B2B e-invoicing. The proposal encompasses an e-invoicing timetable, set to commence on July 1, 2025, with a potential extension to June 30, 2026.
On 18 December 2024, the Agencia de Recaudación y Control Aduanero (ARCA) published General Resolution 5616/2024, which stipulated the dates for the update of electronic invoicing systems.
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 InvoiceNow platform for e-invoicing in Singapore will commence a voluntary period in May 2025. As early as September 2024, the Inland Revenue Authority of Singapore (IRAS) will provide a test environment for companies and suppliers to verify the functionality of their systems.
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.
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.
