As per the current trend and the development of Continuous Transactions Controls around the world, French Government intend to implement, through article 153 of the 2020 Finance Law, B2B e-Invoicing mandate and could also consider to pre-complete VAT reports.
Α. Provision of tax incentives for the implementation of e-invoicing
In the draft bill entitled “Microfinance framework, regulations for the financial sector and other provisions”, it is envisaged that a series of incentives will be provided to entities that choose e-invoicing through the use of electronic data providers, as an exclusive way of issuing their sales documents (issuers), as well as to entities – recipients of goods or services that accept e-invoicing through any provider (recipients), for tax years up to 2022.
Thursday, 12 March 20 | 10.00 am – 11.00 am
In the last two months, the Government of India (GoI) has made considerable changes to the proposed e-invoicing regime (proposed to come into effect from 1 April 2020). There have been changes in the e-invoice schema, frequently asked questions (FAQs), validations to be undertaken as well as application programming interfaces (APIs).
The government recently announced 1 April 2020 as the date of implementation of the e-invoicing system for B2B transactions for businesses with an aggregate turnover exceeding INR 1bn.
Considering that the voluntary system will commence from 1 January 2020, the GSTN has also released the following documents in the public domain:
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The e-invoicing system is proposed to be the next big change in the GST regime, and the Government seems to be working actively on the same. The introduction of such an e-invoicing system would trigger changes in various requirements from a compliance perspective as well as an update of IT systems.Read More »
As previously reported, earlier this year, the tax authority (Independent Authority of Public Revenue) published a proposal to introduce mandatory e-invoicing and e-bookkeeping, as part of which a pilot implementation was due to start for a significant number of companies as of 1 January 2019. Aiming at mandatory implementation by all companies from 1 January 2020.
However, no formal documents are available yet, nor has any draft legislation been published in this respect. In addition, the filing mechanism, the format of the digital sales invoices, and the mandatory reporting information have yet to officially announced, therefore it appears likely that the pilot programme will be pushed back to later in 2019.Read More »
Following to the approval of the Financial Law 2018, starting from 1 January 2019, a mandatory electronic invoicing obligation will be in place for the supplies of goods or services carried out between subjects that are resident, established or VAT registered in Italy.
The e-invoicing obligation is aimed, on one hand, to spread the digital culture among the companies and, on the other hand, to prevent the tax evasion and VAT fraud.Read More »
Prepared by Davide Accorsi, Andrea WernerBeilinand Giuseppe Cammareri
With the Circular letter no. 13/E of 2 July 2018, the Italian tax authorities has provided further clarifications regarding mandatory electronic invoicing regime, in order to reply to questions provided by trade associations.
About this consultation
Consultation period 13 June 2018 – 20 September 2018
Topics Taxation
Departments Taxation and Customs Union
I am delighted to invite you to the next in the series of PwC Global indirect tax webcasts on mandatory e-invoicing in Italy.
Date: 27 March 2018
Time: 3pm to 3:30pm CET
Starting from 1 January 2019, electronic invoicing will be compulsory for all B2B transactions carried in Italy by Italian VAT registered, established and resident entities. Read More »
PwC Switzerland ITX
Michaela Merz 