Mandatory e-invoicing in Malaysia will begin on 1 August 2024. All taxpayers with an annual turnover of MYR 100 million (around $21 million) will be required to use the new Continuous Transaction Control CTC e-invoicing model.…
138 posts tagged
E-invoicing
E-invoicing in Hungary Demystified: How to Excel with the NAV System
Electronic invoicing is not mandatory for B2G and B2B transactions in Hungary. However, the Hungarian tax authorities have developed a way to acquire all VAT-related data from buyers and consumers.…
Navigating E-invoicing in Lithuania: Your Comprehensive Guide to Compliance
Implementing mandatory electronic invoicing in Lithuania began in 2017 as the government tried to make transactions more transparent. At this stage, electronic invoices were transmitted in the national XML format. This was mainly aimed at combating tax fraud and evasion.…
E-invoicing Landscape in Estonia: What Businesses Need to Know
Electronic invoicing is mandatory for business-to-government (B2G) transactions in Estonia. Public entities were mandated to accept e-invoices in 2017, while the mandate for government suppliers began in 2019.…
E-invoicing in Pakistan: Regulations, Challenges, and Opportunities
Introducing e-invoicing requirements to modernize transaction controls will help registered buyers and integrated suppliers in Pakistan increase efficiency, cut costs, and fight fraud within their businesses locally and internationally.…
E-invoicing in Slovakia: Regulations and Compliance Strategies
Currently, mandatory e-invoicing is not yet in place for all kinds of transactions. The e-invoicing obligations for government-to-government (G2G) and business-to-government (B2G) transactions had been initially scheduled to commence in the first quarter of 2023.…
A Complete Guide to E-invoicing in Bulgaria (Updated)
E-invoicing is starting to catch on throughout Europe. Only government agencies in Bulgaria are mandated to receive e-invoices, but Bulgaria has opened a public consultation to mandate a clearance model for electronic invoicing for all contracting entities.…
E-invoicing Requirements in the United Arab Emirates: An In-Depth Guide
Following the model of the Kingdom of Saudi Arabia (KSA), the government of the United Arab Emirates seeks to optimize the invoicing processes and streamline financial transaction management for businesses and public entities in its emirates.…
E-invoicing in Peru: Requirements and Implementation Guide
Peru has some of the most advanced electronic invoicing systems in Latin America. The implementation process began in early 2017, and all taxpayers in Peru must issue e-invoices through the Sistema de Emisión Electrónica (SEE).…
Navigating Colombia's E-invoicing Rules: An Updated Guide
E-invoicing became mandatory for all businesses in 2019, and the country’s model is similar to those applied in other Latin American countries. Furthermore, all e-invoices require e-signatures generated from an accredited certification authority.…