- Worldwide Upcoming E-Invoicing mandates, implementations and changes – Chronological
- Bosnia and Herzegovina: Mandatory E-invoice Law to Combat Tax Fraud and Improve TransparencyIntroduction of E-Invoicing Law: Bosnia and Herzegovina has released a draft law to mandate B2B, B2G, and B2C e-invoicing and real-time reporting to combat tax fraud, covering various transactions including sales of goods, services, and property transfers.Centralized Reporting Platform: Taxpayers in B2B and B2G transactions will be required to use the Central Platform for Fiscalisation (CPF) for issuing e-invoices and real-time data reporting, while B2C transactions will utilize approved electronic fiscal systems for invoice management.Compliance and Penalties: The draft law specifies penalties for non-compliance, with further details on implementation timelines and relevant bylaws to be provided in the future.
- Greece Granted EU Approval for Mandatory Electronic Invoicing Implementation by Jan. 15, 2025Proposal Overview: Greece seeks authorization to implement mandatory electronic invoicing for B2B transactions to improve VAT collection and reduce tax evasion, deviating from certain EU VAT directives.Implementation and Benefits: The electronic invoicing system aims to enhance data quality on the myDATA platform, enabling faster detection of VAT fraud, prefilled VAT returns, and lower administrative costs, with a proposed implementation period until June 30, 2026.Alignment with EU Policies: The proposal is consistent with EU regulations and aligns with similar derogations granted to other Member States, laying the groundwork for future standardization of electronic invoicing across the EU.
- Greece is likely to mandate e-invoicing for B2B transactions in 2025The European Commission has proposed allowing Greece to mandate e-invoices for B2B transactions between taxable persons established in the country, following Greece’s request for a derogation from specific EU directives.This measure will not affect non-Greek companies registered for VAT in Greece or the right of customers to receive paper invoices for intra-Community transactions.If approved, the e-invoicing obligation could be implemented from July 1, 2025, to June 30, 2026, with e-invoice data being transmitted in real-time to Greece’s myDATA platform, adhering to the European standard for electronic invoicing.
- Morocco Plans for Mandatory e-Invoicing by 2026Mandatory E-Invoicing Initiative:?Morocco plans to implement mandatory e-invoicing by 2026 as part of a broader tax reform led by the General Directorate of Taxes (DGI), aiming to enhance efficiency, transparency, and tax compliance.Phased Rollout Schedule:?The rollout will occur in stages, with initial proposals introduced by the end of 2024, system development expected to complete by October 2025, and a pilot phase starting in early 2026 to allow businesses to adapt.System Approaches and Compatibility:?The DGI is considering two models for the e-invoicing system—post-audit and continuous transaction control (CTC)—and will support international formats like UBL and CII, utilizing electronic signatures for security and compliance.
- Slovakia Proposes Mandatory B2B E-Invoicing by 2027Public Consultation for E-Invoicing: Slovakia has launched a public consultation to implement mandatory B2B e-invoicing, aiming to combat tax evasion and enhance tax compliance, with a proposed start date of January 1, 2027, for domestic transactions.Requirements for E-Invoicing: The proposed system mandates that VAT taxpayers issue and receive invoices in a specific electronic format aligned with European standards, ensuring automatic processing to reduce errors and standardize invoicing.Real-Time Reporting: E-invoice data must be reported to the Slovak financial administration in real time, which will streamline compliance and improve transparency in tax reporting.Alignment with EU Directives: The initiative is in line with the VAT in the Digital Age (VIDA) initiative and Directive 2014/55/EU, facilitating seamless cross-border transaction reporting within the EU by 2030.Implementation Timeline and Public Engagement: Key dates include changes to tax registration starting January 1, 2026, enforcement of mandatory e-invoicing by January 1, 2027, and expansion to cross-border transactions by July 1, 2030. The government encourages public feedback on the proposal by January 31, 2025, to ensure a comprehensive and effective implementation.
