The RO e-Transport system was initially planned to become mandatory on July 1, 2022, but was postponed until October 1, 2022. The Ministry then postponed it again to January 1, 2023, to allow time to implement necessary technical and administrative measures.…
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How to Meet India’s E-invoicing Requirements (Easy Checklist)
India has gradually implemented electronic invoicing, or e-invoicing, for B2B transactions in phases since the last quarter of 2020. In the latest phase of this implementation, the Indian government has made e-invoicing mandatory for all B2B transactions beginning October 2022.…
Navigating E-invoicing Standards in Europe: A Comprehensive Guide
The reforms proposed by the Digital VAT package will majorly impact businesses operating across the EU. The impact should be highly positive unless your company is part of the small minority that does not already comply with VAT regulations.…
5 Advantages of Using an E-invoicing Portal in 2023
Electronic invoicing - with the aid of an e-invoicing portal - transforms traditional paper invoicing to a digital alternative. This process of digitization simplifies the entire invoicing process, reduces risks, and eliminates costs: * Bookkeeping systems automatically read the invoice data and match it against contracts and work orders; * The system…
B2G Invoicing in Luxembourg: Compulsory for Businesses of All Sizes
From March 18, 2023, B2G invoicing will be compulsory for businesses of all sizes in Luxembourg. Luxembourg passed the law that makes B2G e-invoicing mandatory in the country on December 13, 2021.…
E-invoicing in Saudi Arabia: A Complete Guide for Businesses
The e-invoicing system in the Kingdom of Saudi Arabia is designed to phase out paper invoices. Introduced by the Zakat, Tax, and Customs Authority (ZATCA), the initiative will help businesses and customers interact more seamlessly and securely.…
SETU Invoice (Everything you Need to Know)
A SETU invoice is a standardized electronic invoicing format for the staffing industry in the Netherlands. SETU invoices are used by organizations in the staffing industry.…
Romanian SAF-T Declaration Becomes Compulsory in 2023
From January 1, 2023, all medium and large taxpayers in Romania must submit their accounting and tax records electronically via the SAF-T system.…
Ukraine Standard Audit File for Tax Coming in 2023
Recent changes in laws regarding tax liabilities have drawn up certain concerns. Now, the tax authorities can provide a tax offense as evidence for non-compliance in tax payments.…
Portuguese Invoice QR and ATCUD Codes Become Mandatory in 2023
In 2023, companies must print ATCUD and QR codes on all their invoices. They will need valid codes from the government and tax authority-certified software before they can start generating the invoices.…