Key Updates in Tax Compliance & e-invoicing!
Stay Ahead with Tax Compliance Updates!

Key Updates in Tax Compliance & e-invoicing!

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发布日期: 2024年11月14日
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Welcome to our biweekly newsletter, your essential source for the latest updates on global tax compliance and e-invoicing. Stay informed about key regulatory changes, industry trends, and innovative solutions in countries like the EU, Poland, Spain, UAE, Turkey and Saudi Arabia that can help your business stay compliant and efficient in a rapidly evolving landscape.

Stay informed and ensure your business remains compliant and efficient with our latest updates.

Updates on E-Invoicing Compliance

  • ViDA Package Approved: Key VAT Changes for the Digital Era

The recent approval of the VAT in the Digital Age (ViDA) package by EU introduces important EU-wide VAT requirements, covering:

  • E-Invoicing Flexibility: Starting early 2025, member states can introduce domestic e-invoicing without EU pre-approval.
  • OSS Expansion: By January 2027, OSS will include cross-border energy supplies; by July 2028, it will cover all B2C goods and services.
  • New VAT Rules for Platforms: Mandatory deemed supplier rule for platforms by July 2030.

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ViDA Package Approved: Key VAT Changes for the Digital Era The recent approval of the VAT in the Digital Age (ViDA) package by ECOFIN introduces important EU-wide VAT requirements, covering: E-Invoicing Flexibility: Starting early 2025, member states can introduce domestic e-invoicing without EU pre-approval. OSS Expansion: By January 2027, OSS will include cross-border energy supplies; by July 2028, it will cover all B2C goods and services. New VAT Rules for Platforms: Mandatory deemed supplier rule for platforms by July 2030.
EU Approves ViDA Package

  • New E-Invoicing Standards in Spain: HAC/1177/2024 Highlights

Spain's new electronic invoicing standards, defined under Order HAC/1177/2024, bring essential updates for compliance. Here are the main points:

??Data Integrity: Invoices must be hashed, signed with qualified certificates, and fully traceable.

??Organized Storage: Secure, chronological storage of invoices is required.

??Certification Standards: Compliance with standardized formats and certification is mandatory.

Who’s Affected? Applies to SMEs with revenue under €6 million, compliance by July 1, 2025.

Key Impact: Enhanced e-invoicing security, tax compliance, and streamlined data management.

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Subject: New Standards for E-Invoicing in Spain: Key Takeaways from HAC/1177/2024 Summary of HAC/1177/2024 Order: Spain's new electronic invoicing standards, defined under Order HAC/1177/2024, bring essential updates for compliance. Here are the main points: Data Integrity & Security: Invoices must be hashed for integrity and digitally signed with qualified certificates, ensuring each significant event is logged. Organized Data Management: Invoice records require secure storage and must be chronologically linked. Certification Standards: Systems must meet standardized formats and certification criteria. Who’s Affected? The regulation targets small and medium businesses with annual revenue under €6 million, with a compliance deadline of July 1, 2025 (subject to change). Why It Matters: These standards enhance e-invoicing reliability, boost tax compliance, and streamline data management for businesses.
New Standards for E-Invoicing in Spain

  • Poland’s KSeF e-Invoicing Update: Key Compliance Dates and Provisions

Poland's draft law for the KSeF e-invoicing system introduces important compliance milestones and transitional provisions:

  • Mandatory Adoption: Begins February 2026 for large businesses (PLN 200M+ sales in 2025) and April 2026 for all others.
  • Extended Deadlines: Includes allowances for KSeF numbering on split payments and deferred penalties until July 2026.
  • Offline Mode Access: Available until the end of 2026 for added flexibility.

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Upcoming Changes in Poland’s e-Invoicing System: KSeF Draft Law Highlights The draft law introducing changes to Poland's KSeF e-invoicing system is now part of the legislative agenda for the Polish Council of Ministers, addressing issues discussed in consultations earlier this year. According to the official publication; Mandatory KSeF Adoption Timeline: From 1 February 2026: Applies to businesses with over PLN 200 million in 2025 sales. From 1 April 2026: Applies to all other businesses. Key Extensions Until 31 July 2026: Deadline for including KSeF numbers in e-invoice payments, even with split payments. Deferrals for cash register-generated invoices. Additional time before penalties are applied for non-compliance.
Poland’s KSeF e-Invoicing Update

  • UAE's E-Invoicing Mandate: Key Dates and Compliance Goals

The UAE Ministry of Finance has unveiled a road map to modernize tax reporting through e-invoicing, aiming to enhance data security, reduce manual processes, and streamline compliance.

??Framework: A five-corner model on the Peppol network for B2B and B2G invoicing, with direct transmission to the UAE Tax Authority via certified providers.

??Timeline:

End of 2024: Service provider accreditation opens.

2025: E-invoicing legislation enacted.

July 2026: Phase 1 launch, mandating certified e-invoicing solutions

Learn more

The UAE Ministry of Finance has unveiled a roadmap to modernize tax reporting through e-invoicing, aiming to enhance data security, reduce manual processes, and streamline compliance. Framework: A five-corner model on the Peppol network for B2B and B2G invoicing, with direct transmission to the UAE Tax Authority via certified providers. Timeline: End of 2024: Service provider accreditation opens. 2025: E-invoicing legislation enacted. July 2026: Phase 1 launch, mandating certified e-invoicing solutions
New E-Invoicing Timeline for UAE Businesses

  • New Circular Clarifies Inflation Adjustment Rules in Tax Procedures

The Revenue Administration has published a Tax Procedural Law Circular on Inflation Adjustment Implementation. With Circular No. 176, several clarifications have been provided regarding aspects of the inflation adjustment application.

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The Revenue Administration has published a Tax Procedural Law Circular on Inflation Adjustment Implementation. With Circular No. 176, several clarifications have been provided regarding aspects of the inflation adjustment application.
Inflation Adjustment Updates: Key Tax Clarifications

  • ZATCA Announces Wave 17 Criteria for E-Invoicing Integration Phase

The Zakat, Tax, and Customs Authority (ZATCA) has outlined the selection criteria for Wave 17 of the e-invoicing “Integration Phase,” targeting taxpayers with VAT-liable revenues over SAR 2.5 million in 2022 or 2023.

  • Integration Deadline: Taxpayers in this wave must integrate with ZATCA’s Fatoora platform by July 31, 2025.
  • Advanced Compliance: Requires direct e-invoicing system integration, specified formats, and additional data fields.
  • Progressive Implementation: Notifications are sent six months prior to the integration deadline.

Learn more

ZATCA Announces Wave 17 Criteria for E-Invoicing Integration Phase The Zakat, Tax, and Customs Authority (ZATCA) has outlined the selection criteria for Wave 17 of the e-invoicing “Integration Phase,” targeting taxpayers with VAT-liable revenues over SAR 2.5 million in 2022 or 2023. Integration Deadline: Taxpayers in this wave must integrate with ZATCA’s Fatoora platform by July 31, 2025. Advanced Compliance: Requires direct e-invoicing system integration, specified formats, and additional data fields. Progressive Implementation: Notifications are sent six months prior to the integration deadline
Saudi Arabia’s Latest Steps in E-Invoicing Compliance

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