Services de conformité

The Ministry of Finance prepared an informational report on “Adopting a System of Electronic Flow of Supporting Documents and Waybills”, debated and endorsed on 12 October 2021, which mandates the use of electronic supporting documents and e-invoices by 2025. It is expected that E-invoicing will be mandatory for B2B and B2G transactions.
The Ministry of Finance in Latvia has been seeing the benefits in other countries in following a total or partial flow of e-invoices, and is hoping to incorporate similar benefits as a result of a more digital society.

The UK government approved a VAT increase for the hospitality sector to 12.5%, effective 1 October 2021. This will apply until 31 March 2022.
The VAT rate for hospitality was temporarily reduced to 5%, and this reduced rate was extended until 30 September 2021. The temporary 12.5% was introduced to manage the proposed eventual transition back to the original 20% VAT rate.
Tungsten Network has included the new 12.5% rate in our system.

Recently, Government Emergency Ordinance (“GEO”) no. 120/2021, regulating the structure of the electronic invoice and creating the framework for achieving the basic technical specifications of the electronic invoice in Romania, was published in the Official Gazette. This includes detailed instructions regarding the Electronic Invoice RO e-factura.
The RO e-factura will become operational within 30 days of the GEO (so by 6 November 2021).
Economic operators can opt to use the national e-invoicing system and issue RO e-factura in both a B2G and B2B context.
The Ministry of Finance plans to issue a further order in the future to approve details around the use and operation of the RO e-factura system for B2B or B2G transactions and technical specifications.

The European Parliament has been looking into ways of reducing the VAT gap- and has published a study to this effect. There was a particular focus on cross-border VAT fraud, which amounts to a colossal 50 billion Euros per year. The total VAT gap in Europe is estimated to be 165 billion Euros.
There have been a few measures which are seen as generally promising in reducing the VAT gap, including:

• Accelerating the adoption of EU mandatory electronic invoice ‘Generalised EU VAT number’; and
• Accelerating the move towards a central electronic system

A binding EU-wide mandate for electronic invoicing is part of one of two proposed scenarios.

Resolution RND 10210000012 cites 171 large taxpayers (known also as PRICOS) which are required to adhere to the new e-invoicing mandate in Bolivia. The 171 larger taxpayers who must adapt their Billing Implementation Systems can now issue Digital Tax Documents through the assigned online billing modality as of 1^st December 2021.
They will be required to issues e-invoices from this date.
Resolution 102100000019 contains a second group of taxpayers that must start abiding by the new e-invoicing rules by 1 April 2022, showing Bolivia is intending to implement its e-invoicing regime in a phased approach.

From 1^st January 2022, e-invoices will be the preferred method for submitting invoices to Government organisations. It will still be possible to send invoices by post- but these must be sent to a specific address- SPW Finances – Centre de scanning – Avenue du Gouverneur Bovesse 29 – 5100 Jambes. Sending an invoice in PDF or Word format by email will no longer be permitted.
There will also be several new mandatory references on the invoices.

We have previously written about the voluntary phase of the e-invoicing mandate in Poland, which is scheduled to start in January 2022. It is on course to become mandatory in January 2023.
The Polish Ministry of Finance has now started a pilot of the KSef, the Polish e-invoicing platform, and has invited any entities that develop invoicing software to test it. There is no official application process for this. All invoices issued during this pilot will be regarded as tests and have no legal effect.
Access to this trial version can be found via this link.

Poland has passed a law regarding structured invoices.
This means that from 1^st January 2022 the use of structured invoices will be voluntary. This may potentially become mandatory from January 2023.

The e-invoicing demo environment is now live and can be found via the following link on the government website.

The Council of Ministers in Bahrain has approved an increase in the standard VAT rate from 5% to 10% with effect from 1^st January 2022, becoming the highest rate in the Gulf after Saudi Arabia.
The change is made in response to the impact COVID-19 had on Bahrain’s economy and it’s aiming to reboot Bahrain’s Fiscal Balance Programme (FBP).