On November 16th, 2022, IDSt held a conference on the topic of "Digital Transformation in VAT." In one of the sessions, the Belgian National Plan for Digital Reporting was revealed.
This plan includes a proposal that the PEPPOL framework and a four-corner model for digital reporting be used in Belgium in the future. This plan also includes the introduction of mandatory e-invoicing, and it is seen as a way of saving billions of euros for the country, where machine-to-machine e-invoices currently make up only about 15% of all invoices.
Belgium’s plans to introduce mandatory e-invoicing and use a four-corner model for digital reporting
Public
Other countries
Author: Kristina Dosen
Category:
Fiscal subject related
General information
Views:
1080
Content accuracy validation date:
02.12.2022
Content accuracy validation time:
07:50h
The idea is to introduce structured M2M e-invoicing that allows automated processing, where the participants have to fulfill two interoperability conditions:
- Have at least one common format
- Have receiving capabilities and be able to test them
This will be achieved through an open network where companies simply need to connect once, and they’ll be able to easily connect with everyone else who is on the network.
Companies will be able to act as service providers, as long as they choose suitable software and get the contact details of the receiver and the provider.
Other news from Other countries
TLv6 Implementation Marks Significant Shift in EU’s Trust List Format
Public
All countries
Author: Ivana Picajkić
A new EU Trust List format, TLv6, will officially replace TLv5 in May 2025 as part of the updated eIDAS Regulation (EU 2024/1183). It introduces key technical changes like a new URI field, updated signature format, and optional phone number support. Organizations must update their systems to avoid signature validation failures and service disruptions, as TLv5 will no longer be valid once TLv6 take... Read more
India's GST E-Invoicing Update: 30-Day Deadline and B2C Expansion
Public
Other countries
Author: Ljubica Blagojević
Other countries
Author: Ljubica Blagojević
From April 1, 2025, Indian businesses with turnover over ₹10 crore (approx. €112,000) must report B2B e-invoices within 30 days or lose GST input credit. Invoices are validated through the IRP, which issues a unique code and QR for sharing. B2C e-invoicing and e-way bill integration are planned by 2026–2027 to improve compliance. Starting 1 April 2025, Indian businesses with annual turnover over ₹... Read more
Chile: Mandatory Printed E-Invoices/Receipts for Customers Starting May 2025
Public
Other countries
Author: Ema Stamenković
Other countries
Author: Ema Stamenković
Chilean Internal Revenue Service (SII) issued Resolution No. 12, requiring e-invoices and e-receipts to be delivered to customers for cash, bank transfers, debit, or credit cards, with the option to send a virtual presentation. On January 17th, Chile's tax authority, the SII, released Resolution No. 12. This resolution details new rules for businesses when giving customers printed copies of electr... Read more
Malaysia's E-Invoicing Mandate: AI Solutions for Compliance
Public
Other countries
Author: Ema Stamenković
Other countries
Author: Ema Stamenković
The Malaysian Inland Revenue Board (IRBM) is implementing new rules that make e-invoicing mandatory in Malaysia, so businesses will need to adopt automated and AI-driven tools to ensure they're following the regulations. The deadline for e-invoicing in Malaysia starts on August 1, 2024, for larger businesses, and full compliance is expected by July 1, 2025. Companies will have to connect with MyIn... Read more
What are the Differences Between Sales Tax and Use Tax in America?
Public
Other countries
Author: Ivana Picajkić
Other countries
Author: Ivana Picajkić
Sales tax is a small fee added to most purchases, collected by the seller and sent to the government to fund public services. Rates vary by state, and some cities add extra on top. Use tax applies when you buy from out of state or online and don’t pay sales tax, then it’s your responsibility to report and pay it to your state. While both taxes serve the same purpose, they apply in different situat... Read more
South Africa: New Security Rules for Online Payments
Public
Other countries
Author: Ivana Picajkić
Other countries
Author: Ivana Picajkić
As e-commerce fraud rises, new security standards (PCI DSS 4.0.1) will take effect in March 2025, requiring online retailers to secure their entire website, strengthen authentication, and monitor third-party scripts and payment pages. Merchants must assess their compliance level, implement necessary security controls, and document efforts to meet the new requirements, with larger businesses facing... Read more
Singapore’s Move Towards E-Invoicing and Digital Tax Reporting
Public
Other countries
Author: Ivana Picajkić
Other countries
Author: Ivana Picajkić
Singapore is introducing mandatory e-invoicing and direct tax data reporting to improve tax compliance, requiring businesses to modernize their accounting systems. A phased rollout begins in May 2025, and companies must adapt to real-time tax reporting to stay compliant and avoid audit risks. Singapore has built a strong digital government system, and businesses are now expected to follow suit wit... Read more