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On 18.12.2019, the Albanian parliament adopted the Law on Electronic Invoice and Turnover Tracking System, also known as eInvoice or...

Kazakhstan ESF/SNT/VWH System Local and global companies that want to do business in Kazakhstan will now be able to do their transactions over the web. All commercial activities to be performed in Kazakhstan will be carried out through a web-based portal called Electronic Invoice Information System (IS ESF). Electronic Invoice Information System (IS ESF) Let’s take a closer look at this new system. IS ESF consists of three main modules: 1. Virtual Warehouse Module: The Kazakh

According to the new Bookkeeping Law, which came into force on 01.07.2022 in Denmark, eInvoicing has become mandatory. The law requires...

The number of countries that attach importance to digitalization in public transactions is increasing day by day. The Ugandan government...

A Brief Overview of the Norwegian SAF-T The Norwegian SAF-T process came into effect for the first period with financial reporting after 1 January 2020. Before this date, the use of SAF-T was voluntary. Norwegian SAF-T (Standard Audit File — Tax) is a standard file format for exporting various types of accounting transactional data using the XML format. SAF-T is a standard format created for the exchange of accounting data. The standard is the result of joint development coop

The Standard Audit File-Tax is a standardized file developed by the OECD that contains reliable data exported from an accounting system....

SAF-T is an international standard for the exchange of accounting data from taxpayers to tax authorities. Introduced by the OECD in 2005, the Standard Audit File for Tax (SAF-T) has always been voluntary and now been adopted by many countries across Europe. It was designed to help businesses minimise their compliance costs across multiple jurisdictions, by submitting a single standard reporting file rather than have multiple filings in their own local formats. Typical element

Portuguese SAF-T mandatory for non-resident businesses Standard audit file for tax (SAF-T) will become mandatory in Portugal, as per the...

With the opening of the last chapters, Serbia, which has taken very significant steps in EU membership, is an essential part of the EU...

Since 2011, all central public institutions in Norway must receive and process eInvoice. The Norwegian government added to this in 2012 that suppliers of central government organizations also send eInvoices under the European eInvoice standard. According to regulation 444 issued by the Norwegian government, from April 2, 2019, all public procurement authorities are required to receive and process eInvoices. Suppliers of public institutions are also required to send eInvoices.