Kworia News
Articles tagged e-invoicing
Italy's tax authority distinguishes between communication failures and substantive VAT failures in TD17/TD18 transmissions. Penalties for SdI non-transmission are €2 per invoice (capped €400/month), while substantive VAT failures incur €500–€10,000 or 5% of taxable base. Violations can be remediated via ravvedimento operoso.
Burkina Faso's Directorate General of Taxes has mandated certified electronic invoicing for large enterprises starting January 1, 2027. However, no technical specifications or penalty frameworks have been disclosed yet, creating compliance challenges for affected businesses preparing for this tax digitization milestone.
Italy's mandatory e-invoicing regime for forfait tax holders, effective since January 2024, requires all such businesses to issue XML invoices via the SdI system, regardless of revenue or recipient type. IT professionals must ensure their systems comply with these technical and procedural requirements to avoid penalties.
San Marino's e-invoicing mandate through Italy's SDI introduces a distinct compliance regime for Italian exporters, requiring dedicated transaction codes and specific documentary requirements to qualify for VAT non-taxable status.
Costa Rica's Ministry of Finance requires businesses to use new electronic invoice codes (12–20) in the Tribu system effective November 1, 2026. A key requirement mandates retroactively recording accounting corrections in the original document's period, potentially requiring reopening of closed accounting periods and triggering interest obligations.
The Central Nacional de Detallistas Unidos (CNDU) has requested policy adjustments to support small retailers and microenterprises ahead of the Dominican Republic's mandatory e-invoicing regime, highlighting a compliance gap between regulatory timelines and practical implementation.
India's CBIC has extended GST e-invoicing to include transactions involving unregistered suppliers under RCM and imports of services, effective January 1, 2027. The amendment introduces new compliance obligations for businesses with approximately two months to adapt invoicing systems.
EU member states are implementing VAT in the Digital Age (ViDA) with sharply divergent strategies, creating a fragmented compliance landscape. Multinationals face five or more distinct national compliance tracks simultaneously, with Poland's combination of extended grace periods and new joint liability rules presenting a notable compliance trap.
HMRC launched a consultation on 28 October 2026 exploring the feasibility of digital reporting for e-invoice data, separate from the mandatory B2B e-invoicing requirement starting April 2029, seeking evidence on technical feasibility, tax administration benefits, and implementation risks.
The UAE has established a Dhs50,000 cap on e-invoicing fines for non-compliance, effective October 30, 2026, providing businesses with a clear financial threshold for non-compliance risks as they finalize their e-invoicing systems ahead of the Phase 1 mandate deadline.
One month into France's mandatory e-invoicing reform, 19% of SME leaders have yet to initiate compliance steps, with comprehension gaps cited as the primary barrier rather than technical obstacles.
Spain's Tax Authority will send compliance letters to self-employed workers when Verifactu invoicing data conflicts with electronic invoices. This enforcement mechanism targets discrepancies between two parallel digitization mandates and poses particular risks for businesses handling modified invoices.
