March TaxTech Updates

We continue to diligently follow all steps in the field of e-Transformation and inform our readers about ongoing developments. Below you can read an outline of our most recent posts, published on the SNI Blog in March.

Paraguay: The adoption of electronic invoicing in Paraguay consists of three phases: the pilot phase, the voluntary phase, and the mandatory phase. A revised timeline for the SIFEN e-Invoice system has been published by the government. On July 1, 2022, the pilot phase and voluntary membership started for 246 companies. Mandatory obligation for the second group of taxpayers began on January 2, 2023. The third group will join on April 3, 2023. The last group will be under obligation by October 2024, which will mark the completion of the procedure. Other details can be found here.

PEPPOL: PEPPOL offers an electronic delivery network to facilitate interoperable e-procurement and e-business solutions between various networks in Europe and beyond. OpenPEPPOL is responsible for the maintenance and development of PEPPOL and the growth of the network. OpenPEPPOL has 42 members worldwide. Local PEPPOL authorities in member states have general responsibilities. We have answered the five most frequently asked questions by our customers about PEPPOL. You can read the full article here.

China: The introduction of Digitalized e-Fapiao by the Chinese State Taxation Administration (STA) continues to be expanded. The expanded pilot program has been extended to several new provinces. By 2025, e-Fapiao is expected to be implemented nationally. For a detailed list of provinces and obligations, please read the full article in our news.

Spain: B2B e-Invoicing in Spain will become mandatory for large taxpayers (over 8 million Euro turnover) from July 2024. A Prior Public Consultation about B2B e-Invoicing has been published by the Spanish authorities. During the consultation period, there are different scopes of questions regarding e-Invoices. The consultation period will end on March 22, 2023. You can find detailed information about the public consultation period of Spain's B2B e-Invoice implementation in our news.

Israel: The Israeli government adopts a Latin American-style CTC model. The main purpose of the implementation is to prevent VAT fraud and allow fair competition between businesses. According to the Ministry’s decision, invoices over NIS 5,000 (approximately EUR 1,300) are subject to approval by the Tax Authority in real time. The CTC and pre-clearance model should be applied for B2B transactions above this threshold. For more, you can read the related news here.

Egypt: The fourth list of taxpayers included in the e-Receipt implementation has been made public by the Egyptian government. The decision will become effective on April 15, 2023. The electronic receipt system is a centralized, electronic platform that enables B2C tracking and verification. For more information about the process, you can check our news.

Japan: OpenPEPPOL and the E-invoicing Promotion Association (EIPA) use PINT (PEPPOL International Invoicing Model) as a Japanese e-Invoicing standard. The PEPPOL mechanism is based on the four-corner model. SNI is also one of the official service providers in Japan. You can read our news on the subject here.

Germany: Germany has introduced electronic invoicing for B2B transactions. A draft document will be prepared or the implementation of mandatory e-Invoicing, which will form part of the government's strategy to reduce the VAT deficit. For more information, please read the news here.

Slovakia: All public and private entities in Slovakia will soon be required to use electronic invoicing. There will be four stages to the implementation and are being managed by the Slovak Tax Authority. The processes are introduced in the Slovakian Electronic Invoice Information System (IS EFA). Electronic invoicing will come into effect for all B2G transactions from April 2023. It is expected that the schedule for other transactions will be published. Read our full news for more information.

Saudi Arabia: Obligated taxpayer selection criteria for third wave electronic invoicing have been published by ZATCA. According to this announcement, all taxpayers whose income exceeds 250 million Saudi Arabian Riyals and are subject to VAT in the 2021-2022 period will be subject to e-Invoice. As of October 1, 2023, these taxpayers must integrate their systems with the FATOORA platform. You can access the full news by clicking here.

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