VAT news tagged as "e-invoice"


Italy SdI live invoice update

June 18th, 2018

Italy has opened registrations for online addresses for the purposes of submitting live invoices. The new Italy Sistema di Interscambio (SdI) real-time reporting process becomes mandatory in July for oil companies, and goes compulsory for all companies in January 2019. Tax payers must submit B2B domestic invoices to the Italian tax authorities, which register them …


Colombia VAT e-invoices Sep 2018

June 16th, 2018

From 1 September 2018, large tax payers will be required to produce electronic VAT invoices. The Colombian tax authorities, DIAN, has already selected the companies that must produce e-invoices from September. Although some companies have been granted a postponement until December 2018. Key requirements include: Invoices will be XML-based on format set by DIAN Use …


Italy Sistema di Interscambio (SdI) real-time e-invoices

February 20th, 2018

Italy has introduced mandatory real-time electronic sales invoice issuance and reporting from 1 January 2019. All relevant invoices have to be issued and submitted to the Italian Revenue Agency’s e-invoicing platform, Sistema di Interscambio (SdI). The measure has been required of sales to government bodies since June 2014. SdI effectively acts as an invoice approval portal, ensuring …


Kazakhstan VAT e-invoices

October 6th, 2016

Kazakhstan is seeking to compel more high-risk traders to adopt electronic invoices. The proposal is to include commodity traders from the start of 2017. Many traders involved with imports/exports and warehouse operating are already required to offer e-invoices. It is expected that all VAT registered businesses will have to offer e-invoices by 2018.

Costa Rica

Costa Rica e-invoice database

September 21st, 2016

Costa Rica is formalising plans to create a centralised, compulsory database of all invoices, credit notes and supporting documentation created by taxable persons. The new e-invoice database will mirror systems in China and Brazil, and should help reduce fraud. The tax office has now provided details of the format requirements for providing invoice details. The …


Italy e-invoice VAT assessments 2017

September 9th, 2016

Italy is to offer a voluntary e-invoice reporting regime to tax payers from 1 January 2017.  The measure is designed to reduce VAT fraud and simplify reporting. Businesses will be able to electronically submit their VAT purchase and sales invoice details, and have the authorities automatically calculate their monthly VAT liabilities. Italy’s tax authorities are …


Colombia electronic invoices

December 4th, 2015

Colombia has issued new guidance on the obligations for electronic invoices. The new rules cover: Guidance on who should produce e-invoices, and registration with the register of issuers of e-invoices Electronic controls over issuance of invoices by suppliers and their acceptance by customers Rules and informational requirements for the submission of e-invoices to the Columbian …


Italy provides guidance on electronic invoices

October 28th, 2014

The Italian VAT office has provided new guidance for the use of electronic VAT invoices – e-invoices. Included within the guidance are the following points: Customers may retain the right to hold electronic invoices in paper format only be printing off invoices for retention Companies may convert existing paper invoices into e-invoices under strict rules, …


Peru introduces electronic VAT invoices

October 27th, 2014

Peru this month became the latest South American country to introduce electronic VAT invoices. Ecuador and Mexico also recently introduced such measures. The Tax Administration is aiming to reduce the amount of VAT fraud in the country with the long-term aim of forcing companies to submit electronically all transactions for statistical analysis to the tax …