Kworia News
Articles tagged invoice
Portugal's government has proposed extending the mandatory qualified electronic signature (QES) requirement for e-invoices from January 1, 2027 to January 1, 2028, contingent on parliamentary approval of the draft 2027 State Budget Law.
From January 1, 2027, Commonwealth entities must pay invoices within a maximum of 10 business days regardless of invoicing method, eliminating Peppol's previous preferential payment terms. This shifts the value proposition from cash-flow incentives to operational efficiencies.
RTC Technology Limited launched the first certified Slovak e-invoicing solution on SAP Store, targeting January 1, 2027. The solution supports Peppol e-invoice exchange and Slovak Tax Data Document reporting with three compliance tiers for SAP environments.
The Uganda Revenue Authority clarifies that VAT on insurance premiums must be accounted for at invoice issuance, not payment receipt, applying the "earliest of three" rule. This affects cash flow management for insurers who must remit VAT before collecting premium income.
UAE's Ministerial Decision No. 197/2026, effective October 1, 2026, introduces three key adjustments to the country's e-invoicing framework: temporarily excluding intragroup transactions, removing data localization requirements, and repealing the mandatory system failure declaration obligation.
Spain's Verifactu public e-invoicing platform, delayed until 2027, leaves businesses facing mandatory B2B e-invoicing deadlines (October 2027 for high-turnover firms, October 2028 otherwise) without access to the state-operated compliance tool, forcing reliance on private alternatives.
A guide to French e-invoicing compliance for independents and micro-businesses, covering deadlines, requirements, and free-tool pathways. All VAT-registered firms must receive e-invoices since September 2026, with emission requirements coming September 2027.
France's mandatory e-invoicing system, while broadly adopted, disproportionately burdens micro-entrepreneurs with administrative costs and operational risks compared to large enterprises, raising equity concerns one month into implementation.
France's DGFIP has clarified that most non-VAT-registered furnished rental landlords are exempt from e-invoicing requirements. The guidance distinguishes obligations by VAT status rather than business structure, correcting earlier interpretations that had expanded compliance obligations.
Philippine businesses must comply with BIR's mandatory e-invoicing requirements by December 31, 2026—just 74 days away. The two-step compliance process requires securing a Permit to Issue Electronic Invoice and obtaining certification within six months. Organizations can choose from in-house systems, commercial software, or third-party providers, with RMC 110-2026 adding new accreditation requirements for service providers.
One month into France's mandatory e-invoicing reception phase (launched September 1, 2026), the government's steering committee reports 75% of VAT-filing enterprises have designated a receiving platform. However, barriers persist for both large enterprises (interoperability issues) and smaller businesses (cost transparency, platform switching complexity).
Italian flat-rate taxpayers (forfettari) must comply with unchanged e-invoicing obligations in 2027. Key requirements include specific invoice fields, transmission deadlines to the SdI, quarterly €2 virtual stamp duty payments via F24, and explicit activation of free 10-year digital conservation services. Non-compliance penalties range from €250–€2,000 per violation.
