Recent Updates About E-Invoicing Legislations

The "E-factura - mandatory electronic invoicing system" project   was started in March 2020 by the Ministry of Finance and the National Fiscal Administration Agency, in order to streamline the collection of taxes and fees, mainly aiming at improving and strengthening...

SAP has established the SAP Document and Reporting Compliance framework, known as SAP DRC, to ensure global compliance with local electronic regulations. To achieve this level of compliance, SAP employs three key components: SAP eDocument Framework: This component...

E-Invoicing in The Kingdom of Sauid Arabia is mandatory. Now e-Invoicing is in integration phase and integration process done via ZATCA platform. The Zakat, Tax and Custom Authority has notified the taxpayers for integration process starting by 1st of January 2023....

In France, companies under VAT regulations must generate, transmit, and receive electronic invoices with other VAT-registered entities. Additionally, they must transfer the invoicing and transaction data to the tax authorities. Starting in 2026, all businesses subject...

The XRechnung standard is the electronic invoicing standard for public clients in Germany and represents a substantial implementation of Directive 2014/55/EU. It comprises two components: the CIUS XRechnung and the extension XRechnung. In detail, the XRechnung...

E-invoicing, also known as electronic invoicing, is a digital way of creating, sending, and storing invoices. In Slovenia, e-invoicing has been growing in popularity and adoption in recent years, thanks to its many benefits. One of the main advantages of e-invoicing...

The UK government's goal is to make it simpler for people and companies to file their taxes correctly and stay on top of their finances, and the UK's Making Tax Digital (MTD) for VAT is a vital component of that effort. The long-term goal is to take its place among...

MTD, or Making Tax Digital, is a new initiative from the UK government that aims to simplify the process of paying taxes and make it more efficient. Here's everything you need to know about MTD and how it will affect you. What is MTD? Making Tax Digital (MTD) is a new...

On January 1, 2020, a new e-invoicing mandate took effect in El Salvador. The decree, which was passed in early 2019, requires businesses to issue and submit electronic invoices for all taxable transactions. Businesses that fail to comply with the new regulation may...

Colombia released a Project Resolution on electronic documents Issuing electronic invoices has become mandatory for all businesses in Columbia since 2019.Generated invoices, debit, or credit notes are automatically submitted to the tax authorities for approval. This...

Vietnam's new e-invoicing system is a game-changer for businesses operating in the country. The system, which went into effect on January 1st, 2021, requires all businesses with annual revenue of more than VND 20 billion (approx. US $862,000) to issue e-invoices for...

In the past weeks, Norway Tax Agencies have started to ask for SAF-T reporting from businesses. This is a definite sign that Norways' authorities are stepping up their efforts to combat VAT fraud. What is SAF-T reporting? SAF-T is an XML format that contains financial...

Unless you've been living under a rock for the past few years, you've probably heard of SAF-T. SAF-T is a data standard that was developed by the OECD (Organisation for Economic Co-operation and Development) in order to improve the efficiency and accuracy of tax...

EDI stands for electronic data interchange. It is the process of transferring electronic data between two systems, usually in order to facilitate business transactions. The most common type of EDI is between two businesses, but it can also be between a business and an...

SAP E-Invoicing Transition E-invoicing is the process of issuing, managing, and settling invoices electronically. The transition to e-invoicing can be a daunting one, especially for large organizations that have been using paper-based invoicing for years. However,...

Chances are, if you're running a business, you're familiar with invoices. An invoice is a document that businesses send to their customers to request payment for goods or services rendered. In the past, businesses would typically generate invoices manually, print them...

News about SAF-T Portugal: In accordance with the current, effective for non-established businesses with a Portuguese VAT number and producing invoices with Portuguese VAT as of July 1, 2021. In addition to the permitted software duty, the Portuguese SAF-T obligation...

The Informative Declaration D406 was the SAF-T (fişierul standard de audit de taxe) that the Romanian Tax Authority (ANAF) adopted in 2020. The OECD created SAF-T in 2005. The computerized communication of accounting data between tax authorities and taxpayers has...

Phased Introduction of B2B e-invoicing in Belgium Phased introduction of B2B invoicing in Belgium from July 2024 to July 2025; Peppol's likely preferred standard The original launch date of July 2023 has most been pushed back to July 2024, as critical decisions and...

Peppol Standard for Japan E-Invoicing Japan is in the midst of implementing the Peppol standard for their e-invoicing initiative. Peppol is an uniform and interoperable standard intended to foster the growth of international e-Procurement. According to one estimate,...

More and more tax countries, not only those in the EU, are requiring electronic filing. It is important to note current changes in the e-invoicing industries in the United States, the Kingdom of Saudi Arabia, and Egypt. Serbia will begin requiring e-invoicing as of...

On the 1st of July 2022, it became mandatory in Egypt for taxpayers to send e-invoices. In the current phase, invoices have to be cleared within 7 days after the issuance. It is planned that by January 2023 invoices will have to be sent on the same day of issuance....

Regulation According to Decree No.119/2018/ND-CP, the use of e-invoices in Vietnam was accepted from September 1st, 2018. In 2018, Vietnam’s Ministry of Finance announced the implementation of mandatory e-Invoicing. Furthermore, a circular providing detailed...

By the 1st of January 2023, businesses will be able to start sending and receiving electronic invoices in Serbia Serbia B2B E-Invoicing Efactura You can access all the related information regarding Efactura from the official website at eFactura (efaktura.gov.rs). By...

Meet June 2024 Mandatory Requirement Automatic Submission. Keep all data in SAP. Data interchange happens SAP-to-Tax Agency without a third-party service. KSeF The National System of e-invoices (KSeF – Krajowego Systemu e-Faktur) enables the issuing and sharing of...

Egyptian e-invoicing compliance in SAP became mandatory on the 1st of October 2021. Failing to join the e-Invoicing system may suspend activities with government bodies. SAP Solution S4FN offers a solution in SAP to comply with e-Invoicing in Egypt. We use direct API...

Romania SAF-T Project Standard Audit File for Tax is a method of exporting accurate tax accounting data in a format that is easily readable by tax agencies. As part of a methodology that also enhances efficiency and productivity in computer-assisted auditing, SAF-T...

Romania SAF-T known as the D406 The first deadline for the submissions of the Romania SAF-T (Standard Audit File – Tax), known officially as the D406 Informative Declaration for large taxpayers is January 1st, 2022. Medium and small taxpayers will follow soon after....

S4FN SAF-T add-on is extended to meet Romania SAF-T in SAP. Romania SAF-T has been made mandatory in 2022 for taxpayers. From 2022 onward, Romania will implement SAF-T as a mandatory reporting mechanism. Taxpayers should ensure that their ERP is prepared for SAF-T...

Art 1 par 1103 law n. 178/2020A significant number of changes have been made to the provisions relating to the reporting of cross-border transactions (i.e. the “esterometro”), with reference to operations occurring from 1 January 2022. With the update the following...

SAF-T is a file format proposed by the OECD in 2005 to make digital tax audits faster and more reliable. The Standard Organization for Economic Cooperation and Development (OECD) defines the SAF-T format as an international standard for external auditors of national...

There are plenty of things you should take care of when running a company, and one of the most prominent ones is taxation. Every country has its own policy, making the rates different for both individuals and corporations. It often turns out that your current country...

Taxation might be one of the most challenging elements of running a company. The changes are sometimes so rapid it is difficult to catch up with everything that is going on, even for industry experts. Although many of them are aware of it, errors can still happen when...

Questions FatturaPA Italy FAQ For SAP Add-on from S4FNDo you cover Inbound invoices(MM)/AP just like you cover Outbound invoices (SD) to the SDI.The Italian Government require all companies resident and Registered for VAT to send and receive invoices via the SDI.Do...

The Budget Law 2018 (the ‘Budget Law’) was published in the Official Gazette on 29 December 2017 and came into force on 1 January 2018. With this law, many new VAT measures have been announced… Italy FatturaPA Solution From S4FN The Budget Law 2018 (the ‘Budget Law’)...

The Italy FatturaPA regulation and obligations for VAT compliance are in effect, regarding the provision of products or services delivered by entities that are resident, established or VAT registered in Italy. Italy FatturaPA Regulation and Obligations for VAT...

According to VAT Notice 700/22: Making Tax Digital for VAT you can make adjustments to your VAT submission. The excerpt from the notice is below: UK MTD Adjustments Making Tax Digital Where you are allowed or required to adjust the input tax claimed or output tax you...

Making Tax Digital is the government’s plan to make it easier to submit taxes. HMRC is aiming to be one of the most digitally advanced tax administrations in the world. MTD UK – MAKING TAX DIGITAL MTD UK Making Tax Digital is the government’s plan to make it easier to...

S4FN Provides the solution for Norwegian SAF-T inside SAP. Create the SAF-T report with the legal XML format. What is Standard Audit File-Tax (SAF-T)? SAF-T is a standard format for the exchange of accounting data. The standard is the result of a joint development...

S4FN provides integrated easy to implement SAP solutions for SAF-T and E-Invoicing, don't change any configuration of SAP. Our solutions are ready to run and doesn't require any cloud connectivity or per transaction fees. Our all objects has namespace /s4fn, in this...

Making Tax Digital (MTD) in the UK is HMRC’s new digitally advanced tax system. In the first phase, MTD focuses on VAT and all businesses with a turnover above the VAT threshold are required to keep digital records and submit VAT returns electronically through...

Norway SAF-T is accepted for Jan 2020. To make your SAP system ready for SAF-T reporting S4FN offers a ridiculously easy-to-implement solution. SAF-T Reporting Obligatory In Norway From 2020 The reporting of accounting information using the OECD-offered Standard Audit...

The Single File Control (ang. Standard Audit File-Tax – SAF-T) is a collection of data that is created from the information systems business entity through direct export of data, including information on business operations for the period, having a standardized layout...

What is SAF-T The SAF-T report is an OECD-recommended electronic accounting file to use for a tax audit. This standard is now mandatory in France, Poland, Spain, Norway, Lithuania, Portugal, Luxembourg, Lithuania, Germany and Austria. Tax administrations continue to...

What is SAF-T The SAF-T report is an OECD-recommended electronic accounting file to use for a tax audit. This standard is now mandatory in France, Poland, Spain, Norway, Lithuania, Portugal, Luxembourg, Lithuania, Germany and Austria. Tax administrations continue to...

What is SAF-TThe SAF-T report is an OECD-recommended electronic accounting file to use for tax audit. This standard is now mandatory in France, Poland, Spain, Norway, Lithuania, Portugal, Luxembourg, Lithuania, Germany and Austria. Tax administrations continue to...

What is SAF-T The SAF-T report is an OECD-recommended electronic accounting file to use for a tax audit. This standard is now mandatory in France, Poland, Spain, Norway, Lithuania, Portugal, Luxembourg, Lithuania, Germany and Austria. Tax administrations continue to...

What is the White List The list of VAT taxpayers is one, electronic and free database of VAT taxpayers. Contains data about taxpayers who: have been registered as active or exempt VAT taxpayers, have not been registered or have been removed from the register, were...

SAP Add-On Solution Norway SAF-T S4FN provides a solution for the Norway SAF-T financial regulation inside SAP.  Legal SAF-T XML is generated inside SAP.  No upgrade or update is required. All required objects are shared via single transport. All objects are in the...

S4FN provides integrated, easy to implement SAP solutions for SAF-T and E-Invoicing, don't change any configuration of SAP. Our solutions are ready to run and don’t require any cloud connectivity or transaction fees. All our objects are in the SF4N namespace, so the...