Kworia News
Articles tagged invoice
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.
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.
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.
The UK government has set a mandatory deadline of 1 April 2029 for B2B e-invoicing across all VAT-registered businesses with no phase-in by company size. The requirement distinguishes mandatory e-invoicing from optional digital reporting, with a technical consultation scheduled for Spring 2027 to address provider requirements and interoperability standards.
Kenya's eTIMS system functions as an economic gateway with coercive power, but its design lacks safeguards against potential abuse. Parliament should legislate due-process protections to mitigate structural risks before systemic vulnerabilities materialize.
The UK has set 1 April 2029 as the mandatory e-invoicing go-live date for all VAT-registered organisations with no phase-in by company size. Peppol will serve as the core interoperability framework, and software providers must achieve accreditation by the deadline.
The UAE's e-invoicing mandate, with its October 30, 2026 deadline for high-revenue businesses to appoint an ASP, represents a critical step in modernizing the country's digital economy, aligning with broader strategic goals to enhance GDP contribution.
The Philippine BIR has introduced a rigorous accreditation framework for Electronic Invoicing Service Providers (ESPs), effective October 12, 2026. The seven-stage process requires compliance with international security frameworks, data residency obligations, and operational resilience testing before commercial deployment.
