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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.
AADE Greece has published the new version (1.0.10) of MyDATA, which incorporates updates to the technical specifications.
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.
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.
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.
