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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.
The German Ministry of Finance (BMF) has published an update to the June draft, providing further details regarding the scope and rules for the forthcoming mandatory B2B e-invoicing initiative, scheduled to commence in January 2025.
On 23 September, HM Revenue & Customs (HMRC) announced the commencement of a consultation process with the objective of promoting the adoption of e-invoicing by government administrations and businesses.
In accordance with Article 5 of Law 4308/2014 (Greek GAAP),the electronic delivery notification system is scheduledfor launch in Greece by the end of the year.
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.
