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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 Decemeber 31, 2027.
On 9 January 2025, the Egyptian Tax Authority announced that a new group of taxpayers will have to use electronic receipts for B2C transactions from 15 January. This is because of Resolution No. 405/2024, which covers B2C transactions.
On March 1, 2025, a new electronic invoicing system for customs, taxes, and duties will be introduced. From this date on, customers who used to receive invoices from customs in XML format will now receive them in PEPPOL BIS 3 format. This will be the new format for customs invoicing via EDI.
The implementation of regulations that seek the adoption of electronic invoicing is progressing well throughout Europe, particularly in the context of B2B and B2G transactions.
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.
The Slovak government disseminated preliminary information regarding the draft law amending the Value Added Tax (VAT) Act (222/2004) at the conclusion of December 2024. The impending legislation is poised to institute electronic invoicing and digital reporting, effective from 2027.
The Bulgarian government has announced a new draft law to modernise the nation's tax administration through the utilisation of the SAF-T (Standard Audit File for Tax), with the objective of facilitating communication between taxpayers and tax authorities.
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.
