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Compliance Updates

OVERVIEW
Navigating the minefield of invoice regulations
Every country has its own set of rules and regulations that your company must adhere to, and violating these rules, intentionally or not, can result in significant penalties.
Tungsten Network’s mastery of the international regulatory environment helps you generate legally compliant cross-border purchase order and invoice documents. Search below for the latest developments in fiscal law from around the world.

The latest updates from around the world

world Poland
calendar 07/10/2020

Poland; full steam ahead with B2B invoice clearance

The Polish Ministry of Finance plans to roll out a B2B VAT invoice clearance mandate (like the Italian SdI model) expected at the latest in 2022, with some sources citing an implementation closer to mid-2021.

Read more.

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world Greece
calendar 07/10/2020

Greece delay Oct 1st invoice registration mandate

The Greek Government did an about turn on Oct 1st, the day of the mandate, to extend the voluntary period for invoice registration to January 1st 2021 citing economic impact of COVID and business readiness.

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world Hungary
calendar 07/10/2020

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. 

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world United States of America
calendar 07/10/2020

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. 

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world United Kingdom
calendar 07/10/2020

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.

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world Kingdom of Saudi Arabia
calendar 22/09/2020

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.

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world Kingdom of Saudi Arabia
calendar 20/05/2020

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%.

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world India
calendar 17/03/2020

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.

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world China
calendar 09/03/2020

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.

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world Poland
calendar 09/03/2020

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.

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world Germany
calendar 10/03/2020

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.

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world Greece
calendar 03/03/2020

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.

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world India
calendar 21/02/2020

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.

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world The Philippines
calendar 27/01/2020

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.

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world India
calendar 19/12/2019

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.

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world Italy
calendar 28/06/2018

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.

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world Spain
calendar 13/06/2018

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.

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world Greece
calendar 11/05/2018

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.

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world Italy
calendar 20/04/2018

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.

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world South Africa
calendar 01/04/2018

South Africa changes VAT rates

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

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world Qatar
calendar 31/01/2018

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.

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world Germany
calendar 31/01/2018

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.

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world UAE
calendar 01/01/2018

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.

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world Saudi Arabia
calendar 01/01/2018

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.

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world Sweden
calendar 01/01/2018

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.

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world Italy
calendar 01/01/2018

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).

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world Poland
calendar 01/01/2018

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.

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world Romania
calendar 01/01/2018

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.

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world Hungary
calendar 01/01/2018

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.

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world Mexico
calendar 01/07/2017

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.

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world France
calendar 01/06/2017

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.

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world Norway
calendar 01/01/2017

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.

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world France
calendar 01/01/2017

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.

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world Italy
calendar 01/06/2016

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.

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world Denmark
calendar 01/01/2016

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.

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world Spain
calendar 01/01/2016

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.

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world United States
calendar 01/09/2015

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.

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world European Union
calendar 16/04/2014

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.

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