Compliance Updates

Hungary introduces a new file structure for online invoice data reporting

The Hungarian tax authority recently published a new file structure that will be the basis for online invoice data reporting in 2021. The new file structure is XSD version 3.0.

Read more. 

USA explores the possibilities for standardised e-invoicing

The American Business Payments Coalition (BPC) is leading a 3-year effort to explore the feasibility of developing and implementing a standard framework for ubiquitous B2B electronic invoicing for the US market.

Read more. 

The UK extends its reduction of the VAT rate for tourism and hospitality

The temporary VAT rate reduction to 15% VAT for the tourism and hospitality sectors will be extended up to the end of March 2021.

Kingdom of Saudi Arabia; on its way to an e-invoicing mandate

On the 17th September Saudi’s General Authority for Zakat and Taxes recently published a draft e-invoicing regulation and have sought consultation with industry experts to provide input into their proposals. Tungsten is actively engaged in the consultation process which ends on October 14th.

Kingdom of Saudi Arabia (KSA) announces a base-rate VAT increase

Kingdom of Saudi Arabia (KSA) announces a base-rate VAT increase from 5% to 15%: KSA’s Minister of Finance, Mr. Al Jadaan, announced starting from 1 July 2020 the VAT rate will increase from 5% to 15%.

India delays invoice mandate

The Indian government announced its invoice registration mandate late 2019, putting forward a very challenging go-live date of 1 April 2020 – they are now reporting they will be postponing the effective date of the mandate until 1 October 2020.

China moves forward with plans to improve VAT law functionality

The Chinese State Tax Administration (STA) provided a public update on multiple tax-related topics, including a development plan for electronic special VAT invoices.

Poland marches forward with November deadline for B2G e-invoicing

Poland is taking the next step in the introduction of a national digital platform supporting its main public services with the introduction of mandatory e-invoicing for B2G transactions.

Germany's B2G e-invoicing approaches second phase

Germany has announced its schedule for mandatory B2G e-Invoicing. As April approaches, the second phase will come into action for the regional and communal levels. Tungsten is here to help – we can support your invoice delivery of the XRechung through our PEPPOL connection.

Greece announce e-invoicing plans to improve their national VAT gap

In a bid to fight indirect tax evasion, the Greek government is adopting an invoice clearance model that is similar to Mexico’s current setup.

Further information on the Indian mandate

From 1st April 2020, all businesses with a turnover of at least Rs.100 Crore will be obliged to start using the IRP.

Unilever and Tungsten obtain CAS usage permit in the Philippines

After several years of collaboration, we can officially announce that a usage permit between Unilever and Tungsten was finally granted in early January 2020.

Indian e-invoicing deadline confirmed for April 2020

It has now been confirmed that India will have launched their Invoice Registration Portal in early 2020, which will see mandatory usage for medium and large taxpayers from April 2020.

Italy extends fuel suppliers deadline for B2B e-invoicing

The Italian government has announced that suppliers of fuel must begin sending B2B e-invoices by 1 January 2019, along with all other companies with an Italian VAT number.

Spain extends B2G e-invoicing mandate

Spain has announced an extension of the existing B2G mandate to subcontractors involved in public contracts/tenders, effective from 1 July 2018.

Greece to mandate B2B e-invoicing

The Independent Authority of Public Revenue (Α.Α.Δ.Ε.) announced its intention in introduce mandatory e-invoicing and e-maintenance of accounting books as of 1 January 2020.

EU permits derogation for Italian B2B e-invoicing mandate

The European Commission has permitted a derogation to articles 218 and 232 of Directive 2006/112/EC for Italy, as their B2B mandate was in direct conflict to these. The Italian mandate can now be rolled out without contravening any EU laws.

South Africa changes VAT rates

Standard VAT rate is increased from 14% to 15% from 1 April 2018.

VAT implementation in Qatar

In February 2016 the Gulf Cooperation Council (GCC) announced that Value-Added Tax (VAT) would be rolled out throughout the Gulf States, starting in January 2018.

Germany mandates B2G e-invoicing

The European Union (EU) VAT Directive 55 obliges all EU public authorities to receive invoices electronically by 27 November 2018.

United Arab Emirates implements VAT

In February 2016 the Gulf Cooperation Council (GCC) announced that Value-Added Tax (VAT) would be rolled out throughout the Gulf States, starting in January 2018.

Kingdom of Saudi Arabia implements VAT

In February 2016 the Gulf Cooperation Council (GCC) announced that Value-Added Tax (VAT) would be rolled out throughout the Gulf States, starting in January 2018.

Sweden implements EU VAT Directive 55

The European Union (EU) VAT Directive 55 obliges all EU public authorities to receive invoices electronically, or at least to have a defined for how they will do so, by 27 November 2018.

Italy mandates B2B e-invoicing

The Italian government has confirmed that B2B e-invoicing will become mandatory from 1 January 2019 (in some cases, such as suppliers of motor fuel oil or subcontractors employed by companies engaged in work with a public administration, the mandate will apply from July 2018).

Poland delays VAT Act changes until July 2018

Fundamental changes to the VAT Act were due to come into force on 1 January 2018. However, this has been postponed until July 2018.

Romania implements VAT Split Payment

The implementation of a mandatory VAT Split Payment law came into force on 1 January 2018. The system has been voluntary since 1 October 2017.

Hungary announces electronic reporting requirement for B2B domestic sales

The Hungarian Government published the latest draft decree detailing changes regarding VAT reporting that will come into effect on 1 July 2018.

Mexico mandates CFDi version 3.3

Mexico CFDi 3.3 was introduced on 1 July 2017 and becomes mandatory from today. The new version includes changes in structure, data format, catalogues, as well as invalidations and calculation rules such as the following.

France implements EU VAT Directive 55

The European Union (EU) VAT Directive 55 obliges all EU public authorities to receive invoices electronically, or at least to have a defined for how they will do so, by 27 November 2018.

Norway implements EU VAT Directive 55

The European Union (EU) VAT Directive 55 obliges all EU public authorities to receive invoices electronically, or at least to have a defined for how they will do so, by 27 November 2018.

France mandates B2G e-invoicing

The European Union (EU) VAT Directive 55 obliges all EU public authorities to receive invoices electronically by 27 November 2018.

Italy implements EU VAT Directive 55

The European Union (EU) VAT Directive 55 obliges all EU public authorities to receive invoices electronically, or at least to have a defined for how they will do so, by 27 November 2018.

Denmark implements EU VAT Directive 55

The European Union (EU) VAT Directive 55 obliges all EU public authorities to receive invoices electronically, or at least to have a defined for how they will do so, by 27 November 2018.

Spain implements EU VAT Directive 55

The European Union (EU) VAT Directive 55 obliges all EU public authorities to receive invoices electronically, or at least to have a defined for how they will do so, by 27 November 2018.

United States mandates B2G e-invoicing

United States federal agencies are expected to adopt electronic invoicing for B2G procurement by the end of fiscal year 2018.

European Union VAT Directive 55

The European Union (EU) VAT Directive 55 obliges all EU public authorities to receive invoices electronically, or at least to have a defined for how they will do so, by 27 November 2018.