Compliance Services

A new version of the technical specifications and annexes on e-invoicing has been released by the French tax authorities on 31/02/2023.

This new version is in French and can be downloaded here:

https://www.impots.gouv.fr/specifications-externes-b2b

Australia’s Tax Office has issued an important announcement regarding ABN holders. The Australian Business Number (ABN) is a unique 11-digit number that identifies your business to the government. Taxpayers are required to register for an ABN for certain tax purposes, such as goods and services tax (GST) and pay as you go (PAYG) withholding.

As stated in this recent announcement by ATO, an ABN could be flagged for cancellation if the holder has not reported business activities in their tax returns, or if there is no evidence of business activity in other lodgements or third-party information.

In the event that an ABN has been identified as inactive, the ATO will notify the holder of the next steps, whether they are to reactivate or cancel the ABN.

The Integration Phase of e-invoicing began in January 2023 for the first wave taxpayers (whose turnover exceeds 3 billion riyals annually), and ZACTA recently identified the second wave taxpayers (whose revenues exceed 500 million riyals annually); The second wave is expected to begin in July 2023.

Further, ZATCA has allowed taxpayers who are not part of the first wave to participate in the Integration Phase on a voluntary basis prior to their integration date.

ZATCA (Zakat, Tax, and Customs Authority) launched its official Fatoora portal on 26 December 2022. Taxpayers can then onboard their respective production systems and integrate their E-Invoicing generation solutions.  The Fatoora portal considers invoices shared with the portal to be official tax invoices, therefore, it is important for taxpayers to assess and verify that all field level and security requirements have been met.  

ZATCA has also developed a “Fatoora Simulation Portal” that serves as a replica of the production environment. Taxpayers who are not part of the first wave may use this portal for testing purposes. 

We have previously communicated regarding Bolivia’s e-invoicing mandate, which has been gaining pace. 

The scope of Bolivia’s e-invoicing mandate has further been extended- on 11 November 2022, the Service of National Taxes (SIN) published the fourth group of taxpayers who are now assigned required to comply with e-invoicing regulations.  

Impacted taxpayers are cited in Resolution No. 102200000024 and will need to start issuing fiscal documents.  

From 1 July 2022, e-invoicing has been mandatory between Italy and San Marino. The technical specifications in Italy were updated to include special provisions to facilitate the exchange of e-invoices between the 2 countries.  

The Italian tax authorities have issued some guidance in respect of a niche e-invoicing scenario between the 2 countries. It has now been clarified that a foreign supplier in Italy, via a fiscal representative or otherwise, is not required to issue an e-invoice for the supply of goods to a customer resident in San Marino. 

Tungsten’s solution caters for the electronic exchange of invoices between Italy and San Marino. 

Germany has delayed the implementation of a VAT obligation on non-residents that sell German travel packages to tourists.  

This was due to take effect on 1 January 2023 but has been delayed to at least 2024. 

The VAT in the Digital Age (ViDA) proposal has dominated the e-invoicing and e-reporting landscape in the past few weeks. In line with this drive for digitisation of the tax process across Europe, we are also seeing multiple countries implement fiscal policies to digitise their own tax procedures, in addition to e-invoicing and e-reporting measures.  

Greece is no exception to this, and, with the objective of creating a more efficient and less cumbersome tax process, is now voluntarily offering taxpayers the facility to use pre-completed VAT returns from the start of 2023.  

On 13 December, Denmark delayed the implementation of the Bookkeeping Act. Please refer to Tungsten’s previous post summarising details of the Act.  

The delay is most likely due to the takeover of the new government. Once the new government is fully functional, new timeframes for implementation will be announced.  

Last year, we communicated (and successfully implemented) a solution relating to high-fiscal risk products in Romania, which, as of 1 July 2022, now have to pass through the Romanian e-invoicing platform, the e-Factura.  

Romania had been considering a phased implementation roll-out of B2B e-invoicing across the country. However, the Ministry of Finance has confirmed that rather than phased implementation, B2B e-invoicing will instead impact all affected entities concurrently, in 2024.  

Romania is a compliant territory for Tungsten Network and we are assessing how we can support our suppliers and buyers in Romania once further details of the proposed mandate are available.  

We are also acutely aware of the VAT in the Digital Age (ViDA) proposal published by the European Commission in December. This has significant limitations relating to the e-invoicing model countries can deploy, particularly in respect of clearance models. We are monitoring Romania’s plan to accommodate an e-invoicing model that is in line with the ViDA proposals.