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Vietnam started the e-invoicing process in 2018, with the approval of Decree No. 119. According to the new decree, compliance period for companies has been extended to two years. However, ongoing Covid-19 process and other difficult challenges have made the Vietnamese government mandatory to postpone the compulsory use of e-invoices until July 2022 in accordance with the 123/2020 / NI-CP Decree. The decree represents a decisive step for Vietnam to advance digitalization. It

E-Invoicing Process Runs in Thailand The Thai government is working to develop a powerful e-invoicing system using certified service providers. This is a viable alternative for businesses. Because e-tax invoicing involves complex technical and legal steps for businesses. The government has taken steps to eliminate this complexity and regulate the invoicing system. Accordingly, the Electronic Transactions Development Agenc has initiated a certification process for e-service pr

E-Invoice in Paraguay The Paraguayan government has approved the start of a trial program to test the functionality of the new financial document issuing system called E-KUATIA. The Paraguay Tax Authority (SET) will select taxpayers to participate in the probationary program. E-KUATIA is a system offered to taxpayers to facilitate the issuance and delivery of electronic financial documents and to ensure the gradual and sustainable adoption of the integrated electronic invoici

Albania has begun to review its tax system with its mandatory e-invoicing system. As of July 1, any company performing B2B transactions will need to submit their invoices electronically to the General Directorate of Taxes. As of September, companies that perform B2C transactions will also have to comply with e-invoice application. Albania has established a new invoicing and financial control model called Audit System. One of the distinctive features of this system is the mass

AIFE (French State Financial Information Agency), responsible for Chorus Pro, integrated Chorus Pro Factur-X as a hybrid format. On March 24th, 2020, FNFE-MPE and FERD released a joint version that is exactly the same as Factur-X 1.0 and ZUGFeRD 2.1. After the alignment of Factur-X and ZUGFeRD with FERD, the .05 version of the Factur-X 1.0 documentation was published together with ZUGFeRD 2.1. Factur-X is the name used in France in the German-French standard for electronic hy

The new version of ZUGFeRD, ZUGFeRD2.1.1, is available with the XRechnung profile. The new profile meets the specific requirements of the...

Brazil was one of the pioneers in terms of e-invoicing in Latin America – around the world – as the country introduced a total clearance model for e-invoicing back in 2005. Although the Brazilian e-invoices clearing systems are relatively mature and stable, both the tax regulations and the clearing process for e-bills are still considered to be the most complex in the world of Continuous Transaction Controls (CTC). At the same time there are Brazil’s different types of e-invo

Poland is the fourth country in the European Union, after Spain, Portugal, and Italy, to introduce electronic invoicing. The law implementing the e-invoicing directive (2014/55 / EU) in the country has been in force since April 18, 2019. The government has created a platform (PEF) for the implementation of the B2G directive on electronic invoicing and processing and changing electronic invoices. As a result, PEF is the main platform used by public institutions and economic op

Digital Transformation of Egypt Egypt introduced a groundbreaking electronic invoicing (e-Invoice) system last Sunday. Egyptian Finance Minister M. Maait stated that the e-invoicing system, which will be the first in the country’s financial history, is an important milestone in Egypt’s digital transformation as part of Vision 2030. It is envisaged that this system will help the Egyptian state achieve its tax and economic goals and contribute to the efficiency of tax practices

France, which has a deeply rooted democracy tradition, is the second-largest economy in the European Union after Germany. In 2020, with 31 companies, it ranked France 5th among the 500 largest companies in the world. 1. The role of the state in the economy The government of France actively influences the French economy, which is why it is often referred to as a managed economy. In particular, the program of direct control (dirigisme) was extensively implemented by governments