Archive for Europe

Ireland and Poland connect with PEPPOL to comply with EU Directive

January 18, 2018  |  Electronic Invoicing, Europe, Mandatory

That systems chosen are similar to other systems in use by other EU countries like Spain (Facturae) or France (Chorus Pro). This e-Invoicing model counts on an online portal which will act as intermediary between businesses and the Public Administration.

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Italy: mandatory B2B e-invoicing as of January 2019!!

Italy: mandatory B2B e-invoicing as of January 2019!!

The amended Legislative Decree 127 of August 5, 2015, includes transactions between private entities within e-invoicing processes. Business will be required to transmit their bills through the SdI (Sistema di Interscambio) exchange system and in the XML format defined by the Revenue Agency (Agenzia delle Entrate) as of July 2019.

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Hey, pssst…….a 3rd European Multi-Stakeholder Forum on E-invoicing is on its way

Didn't you hear? It was all over the news, the publication of the European Commission Decision C(2017) 5580 final of 14.8.2017 on the setting-up of the Third European Multi-Stakeholder Forum on Electronic Invoicing. And from looking at its tasks, it is a good thing that a major marketing and communications initiative was undertaken to make sure that each and every stakeholder became aware of the this third EMSFEI era. 

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S4FN SAP Solution for Hungary’s mandatory SAF-T in July 2018

January 10, 2018  |  Compliance, Europe, Financial software

The requirement will also apply to entities that are VAT registered in Hungary as well as to those whose invoicing function is managed abroad. Failure to meet the new obligation may result in a penalty up to HUF500,000 (approx. €1,700) per invoice.

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SNI provides a SAP add-on solution for Hungary’s Real Time Invoicing in July 2018

January 10, 2018  |  Compliance, Electronic Invoicing, Europe

SNI provides a SAP add-on for Real Time Invoicing in Hungary. The solution runs over SAP ECC, compatible with Hungary Tax Agency standards, covers the steps of creation Invoicing Records in XML format in SAP. 

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Updates in e-Invoicing and e-VAT in the EU in 2018

January 10, 2018  |  Compliance, Electronic Invoicing, Europe

2018 is a key year set by Directive 2014/55/EU. Also, systems such as electronic VAT returns or e-accounting through SAF-T have been on the rise in recent years among European businesses. Check out this country by country overview.

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EESPA launches its new Multilateral Interoperability Framework Agreement: MIFA

At its Annual General Meeting on 30 November 2017, EESPA agreed to launch its new Multilateral Interoperability Framework Agreement (MIFA) under which its members will exchange e-invoices and other documents on behalf of their customers.

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Turkey digitizes logistics, agriculture and professional service invoicing

January 7, 2018  |  Asia, Electronic Invoicing, Europe

Publicized in the Official Gazette #30273, the Communiqué unfortunately is on voluntary usage of  the much awaited e-dispatch note, farmer’s receipts and professional service receipts (i.e. medical doctors, lawyers, architects, etc.).

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EESPA publishes annual Public Policy Positions: recommendations for stakeholders

EESPA and its members seek to engage in the public policy debate on e-invoicing in the interests of wider e-invoicing adoption. The Summary of current public positions on relevant topics are published for all stakeholders and cover the following key issues:

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Turkey: Transitions to e-Delivery note will be voluntarily

January 7, 2018  |  Asia, Digitalisation, Europe

According to the General Communiqué on Tax Procedure Law No. 487 issued by TRA, the transition to the e-Delivery note is not mandatory. However, due to the advantages offered, companies are expected to voluntarily transform to e-Delivery.

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