Kworia News
Articles tagged invoice
India's GST Network introduced two new e-invoicing supply type codes—RCMDOM and RCMIMP—on 18 October 2026 to facilitate recipient-generated self-invoices under the reverse-charge mechanism. RCMDOM covers domestic RCM transactions while RCMIMP addresses import-related scenarios. These codes enhance digital compliance within India's GST system.
India's GSTN has extended its e-invoicing framework to include recipient-generated self-invoices under RCM, effective October 16, 2026. The mandate applies to registered taxpayers with an aggregate annual turnover of ₹5 crore and above, covering RCMDOM and RCMIMP transactions. Sandbox testing environments are now live across authorized IRPs.
The Philippines BIR's new e-invoicing accreditation framework (RMC 110-2026) effective October 15, 2026 prohibits providers from withholding taxpayer records, mandates transparent pricing, and requires seamless data portability. These protections address historical data hostage risks and ensure taxpayers maintain access regardless of disputes or provider transitions.
The Dominican Republic's DGII requires large and medium-sized taxpayers to issue only electronic invoices (e-CF) starting November 1, 2026. Non-electronic type-B receipts become invalid for ordinary commercial use as of October 31, 2026. Affected businesses must complete RNC registration, obtain digital certificates, and integrate compliant e-invoicing systems.
France's mandatory e-invoicing framework (live September 2026) conflicts with VAT-on-margin regimes for travel agencies, second-hand goods dealers, and land sellers. AFNOR Use Case #33 resolves this by encoding margin VAT with VATEX exemption codes and zero VAT display for B2B transactions, while requiring separate e-reporting for B2C.
Spain's mandatory B2B e-invoicing mandate is now legally binding, with staggered deadlines based on turnover tiers. Gas stations must integrate structured invoicing with POS and ERP systems, facing October 2027 or 2028 compliance deadlines depending on company size.
The Philippine Bureau of Internal Revenue (BIR) has established a mandatory accreditation framework for electronic invoicing service providers (ESPs), effective since October 15, 2026. ESPs must meet technical, operational, security, and data governance requirements to obtain accreditation. The circular emphasizes fee transparency and prevents vendor lock-in by ensuring taxpayers can access their invoice data in retrievable formats.
Venezuela's Seniat announces a new e-invoicing application for SMEs, marking a pivotal shift in the country's tax digitization strategy. The initiative aims to simplify compliance procedures and enhance taxpayer services as part of a broader technological transformation.
France's mandatory e-invoicing regime is expanding cybersecurity risks for enterprises during its reception phase. Judicial expert Alex Alavoine warns of payment diversion and fraudulent platforms as key threats, particularly affecting smaller enterprises with limited IT security resources.
France's e-invoicing reform is shifting from regulatory compliance to operational reality, with 70% of VAT-declaring enterprises already having designated reception solutions. The focus is now on sustainable workflow management, user adoption, and preventing compliance risks.
France's mandatory e-invoicing reform has achieved 75% adoption among VAT-liable businesses with over €70 billion in transactions processed, but interoperability challenges and compliance gaps remain among 25% of non-compliant enterprises.
Spain's Tax Authority has proposed postponing Verifactu compliance deadlines to October 2028 for alignment with B2B e-invoicing and EU digital requirements. However, these delays lack legal force until formally published in the Official State Gazette, leaving the original 2027 deadlines as the only binding obligations.
