Services de conformité

The deadlines for transmitting data to the MyData e-reporting platform in Greece have been subject to some fluctuation.   

These deadlines again have been further re-defined by the Greek Tax Authorities, the Independent Authority for Public Revenue (IAPR), via the publication of a new decision.   

This decision effectively means that deadlines for transmitting certain data generated in 2021, 2022 and 2023 are postponed.   

Currently, standard transmission deadlines remain on target for data generated in 2024.   

Persistent rumours ran abated in the e-invoicing realm relating to Belgium’s intention to accelerate e-invoicing in the country. We have now been provided with more concrete details about Belgium’s intention to mandate e-invoicing in the country.  

The Belgian Minister of Finance has unveiled more definitive timeframes with regards to anticipated e-invoicing in Belgium.   

The proposed plans point to a hybrid solution including e-invoicing and e-reporting specifically- the latter only just making an appearance in Belgium’s proposed tax reforms. This is likely influenced to a considerable extent by the VAT in the Digital Age (ViDA) proposal, which sets out mandatory cross-border reporting from January 2028 for all EU Member States. You can read more about the proposal here.   

E-invoicing implementation in Belgium is likely to be phased, in line with the following:   

• 1 January 2024: all large companies are obligated to receive structured invoices   
• 1 July 2024: e-invoicing will be mandated for taxpayers with an annual turnover of over 9,000,000 Euros   
• 1 January 2025: taxpayers with an annual turnover of between 700,000 and 9,000,000 Euros will be subject to the new e-invoicing obligations  
• Other taxpayers will comply at a later unknown date.   

The proposed e-invoicing and e-reporting solution comes as part of wider proposed tax reforms in Belgium, which is also recommending the following VAT rate changes:  

• A new 9% rate  
• The broadened application of the 0% VAT rate  

• This would include ‘essential’ items such as fruits, vegetables, medication, diapers, specific hygiene products, and public transportation  

• The abolishment of the 12% rate  

• The existing reduced rates of 6% and 12% would be combined into a new reduced rate of 9%. Coal, considered a major pollutant, would be subject to the standard rate of 21%  

• The reduction in scope of the reduced 6% VAT rate  

• The reduced rate of 6% would remain for certain basic utilities like electricity, natural gas, heating, and tap water  

• More specifically: the VAT rates for demolition and reconstruction specifically are proposed to permanently be set at the new 9% rate, rather than 6%.  

Through suggesting revised VAT rates, Belgium is following in the footsteps of its European counterparts, Switzerland, The Czech Republic and Norway, who are similarly either implementing or contemplating an overhaul of their VAT rates.   

While these changes are substantial, it is important to note that the proposals, including timeframes, are yet in draft form only. Furthermore, the timeframes outlined relate to the e-invoicing element only of the proposal; e-reporting timeframes are yet to be defined.   

Belgium is a compliant territory for Tungsten Network, and we are cognizant of the fact that the anticipated timeframes- commencing on 1 January 2024 for specific companies- are impending.   

Tungsten is closely following developments in Belgium with a firm view as to how we can best support our Belgian market considering any e-invoicing and e-reporting advances.   

With the e-invoicing mandate in Poland gaining ascendancy, the Polish Ministry of Finance held a conference in February 2023 to discuss the upcoming amendments to the draft law introducing mandatory e-invoicing in Poland. The legislative process for this draft law is still ongoing and is expected to be completed in the summer of 2023.  

You can refer to our recent post on the anticipated Polish e-invoicing mandate changes here.   

The above changes have not been enacted yet, but more information on the outcome of the discussion at the conference has been published on the website of the Polish Minister of Finance, with the link directly below:  

https://www.gov.pl/web/finanse/projekt-krajowego-systemu-e-faktur-ksef–konferencja-uzgodnieniowa  

Tungsten is looking forward to clarifying the finalised scope of the e-invoicing requirements in Poland. We will review these once available and consider any resulting impact on our system.   

Poland is a compliant territory for Tungsten Network, and we regularly monitor tax rate changes in the country with a view to ensuring our solution supports valid VAT rates in the country. Tungsten recently commented on the anti-inflation shield 2.0 measures in Poland, established largely in response to rising inflation in the country. The measures within this included tax rate changes, which were constantly subject to fluctuation given the unpredictable economic position of both Poland and the wider European market.  

Slim 4, a further set of tax measures, is similarly expected to churn further VAT compliance reforms in the country. No specific details as of yet have been announced as to the content of the package, but Tungsten will monitor any tax rate revisions that will be contained within it.  

Countries frequently review their fiscal procedures, often primarily with a view to simplify the tax process for the end user- the taxpayer.  

Last month in Greece we saw the government offer taxpayers, on an optional basis, the provision to access pre-filled VAT returns. This month Italy is offering taxpayers, under certain circumstances, a similar incentive.   

The pre-filled VAT returns are intrinsically linked with e-invoicing in Italy- as the taxpayers selected for this functionality will be based on 2022 transaction data issued via the Italian e-invoicing platform, the Sistema di Interscambio (SdI). Thus far, this service is only available to resident taxpayers using the cash regime and filing quarterly.   

The shift to pre-filled VAT returns shows Italy following the trajectory of countries implementing similar measures, such as Spain and Portugal.   

The drive towards digitisation and automation of fiscal procedures more generally is mirrored in the VAT in the Digital Age (ViDA) proposal, manifesting the streamlining of fiscal procedures is very much in the public consciousness. You can read more about the ViDA proposal in our recent post here.   

In accordance with Notification No.78/2020 – Central Tax dated 15th October 2020, taxpayers must provide 6-digit HSN Codes for their outward supplies having AATO(Annual Aggregate Turnover) more than Rs 5 Crores.

The Indian e-Invoice System will not accept 4-digit HSN codes in a few weeks’ time. Taxpayers are advised to adjust their systems to report 6-digit HSN codes to the e-Invoice Portal and comply with the upcoming notification.

Taxpayers may verify all the HSN codes in the ( https://einvoice1.gst.gov.in ) portal under Search->Master->HSN Codes and also test in the sandbox system ( https://einv-apisandbox.nic.in ). It is possible to raise a ticket at Helpdesk in case the 6 digit HSN code is not available.

GSTN has released four new IRPs (Invoice Reporting Portals) for reporting e-invoices in addition to NIC-IRP. The beta version of the new e-Invoice portal has been launched, which allows taxpayers to check enablement status, search for IRNs, and access all IRP portals. GSTIN credentials can be used to log into the new e-invoice portal for select services relating to GSTIN profiles.    

The urls of IRPs sites authorised to generate IRNs are:  

• einvoice1.gst.gov.in  
• einvoice3.gst.gov.in  
• einvoice4.gst.gov.in 
• einvoice6.gst.gov.in  

For more information, please access here to see the official advisory issues by GSTN.   

Korean government introduced an electronic tax invoice system (e-Tax) in 2011, which requires businesses to report e-invoices to the government’s platform immediately after issuance. The requirement is being phased out based on businesses’ revenue.   

As of present, taxpayers whose annual revenue exceeds KRW 200 million are required to report e-invoices to the government platform. Starting from 1st July 2023, the threshold will be lowered to KRW 100 million (ca. USD 75 000)  

In accordance with the 2023 tax reform, the threshold for mandatory e-invoices will be lower again from KRW 100 million to KRW 80 million, which will apply to transactions made after July 1, 2024.  

In the National Budget of Israel 2023/2024, there is mention of introducing a Continuous Transaction Control (CTC) model in the B2B e-invoicing system.   

The tax authority proposes a so called “clearance model”, where invoices must be validated and approved by the government platform before they can be sent to the customers. According to the proposal, the clearance requirements will be applied to all B2B invoices with above NIS 25,000 value. Estimates from the Tax Authority suggest that only 15% of invoices are affected.   

Phase 2 of the Tax Invoice Management System (eTIMS) is now live. As part of this phase, different software versions will be launched to facilitate different ways of transmitting electronic invoices in real-time to KRA.  

 The issuing and transmitting of invoices will be available via the following ways :  

• via the online portal;  
• via an application on mobile phones;  
• via an application that shall facilitate integration with the existing billing systems of businesses.