As part of our Navigating Global Tax Compliance webinar series, we recently hosted a round-table discussion to understand the opportunities and challenges facing French, Polish and Spanish businesses ahead of their B2B e-invoicing mandates.
Plus, we also explored a number of other of 2023’s e-invoicing changes and the reactions of several countries to VAT in the Digital Age.
In case you were not able to attend our webinar, don’t hesitate to watch the recorded session above for an in-depth exploration of our topics, or take a look at a brief overview below.
The progress of 2023’s changes: An analysis
Many countries around the globe have announced new mandates or changes to their existing mandates over the course of the last months.
Countries include Belgium, Croatia, Germany, Romania, Spain, Greece, Israel, Saudi Arabia, Singapore and Malaysia.
VAT in the Digital Age: Modernising the VAT reporting obligations
On the 8th of December 2022, the European Commission announced the adoption of a new package, VAT in the Digital Age, an amendment of the VAT Directive 2006/112/EC, based on three pillars. We focus on the second pillar, Digital Reporting Requirements, which involves the two main topics of mandatory intra-community e-invoicing and B2B intra-community digital reporting requirements.
2023 has been a year of feedback and consultation, allowing all European Member States to comment on the Commission's proposal. So far, feedback has mostly centered around the proposal’s timelines, the chosen e-invoicing standard and clearance requirements.
Focus countries: France, Poland and Spain
- France - In July 2023, the government announced a delay to the start of the country’s B2B mandates. We are told a pilot stage will start at the end of next year, but these dates need to be officially confirmed.
- Poland - Poland has mandatory e-invoicing on the horizon from the 1st of July 2024. We are already two years into the testing period. Businesses can test the local platform (KSeF) and adapt their business processes to work in-line with KSeF ahead of the B2B mandate taking effect.
- Spain - In Spain, we are waiting for the B2B regulations to be approved by royal decree, which may happen towards the end of the year or at the start of 2024.
For an in-depth exploration into each country’s mandates, the requirements, and what it means for local businesses, make sure to watch the full webinar recording to hear the key details from our experts in our live round-table discussion.
What to expect next: Regulations in 2024 and beyond
- Romania - Romania was granted an approval from the European Commission to introduce mandatory e-invoicing from January 2024 until 2026. The mandates are currently due to start in 2024.
- Germany - Germany has also obtained the derogation to propose their e-invoicing mandates. The mandates are currently due to start in 2025.
Watch the full recording for all the information, and make sure to sign-up to our monthly e-invoicing newsletter to be the first to hear about our next tax compliance and e-invoicing webinar.
