Your 2019 Roadmap for Global e-Invoicing & VAT Compliance
by Robert Gallo, Commercial Manager USA, Edicom
For companies selling abroad, here's important information regarding e-invoicing.
2019 presents several requirements to comply with regarding e-Invoicing, VAT returns and e-Procurement. In today’s market, where businesses act as suppliers or customers globally, challenges arise from local particularities and national legislations they must adapt to.
B2G and B2B e-Invoicing in the European Scope
April 18, 2019 is the definitive deadline for European Union members to adopt, publish and apply the provisions necessary to comply with Directive 2014/55/EU. As of that date, all European public administrations must be able to accept invoices in electronic format from their suppliers using one of the two approved syntaxes: UNO/CEFACT XML or UBL.
Italy: From January 01, 2019, e-Invoicing will be mandatory between private companies (B2B/B2C), both for issuance and reception. Businesses will now be required to send and receive their invoices through the national SdI (Sistema di Interscambio) platform and in the XML.
Portugal. From January 01, 2019, e-Invoicing will be compulsory with the Portuguese Public Administration. In addition, common standards already approved by the European Union must be used.
Poland. The Polish government is working on a central e-Invoicing platform (PeF) similar to that up and running in countries such as Spain or France. Invoices will be sent to the public administrations through this platform in PEPPOL format and using PEPPOL Access Points.
Sweden. From April 2019, B2G e-Invoicing will be mandatory. Public Administrations will only accept electronic invoices, preferably using the PEPPOL format. Nevertheless, its national format Svefaktura will also be accepted. As of November 2019, all public administrations must be registered with PEPPOL and will be required to receive e-Invoicing.
Norway. From January 1st, 2019 the new standard of EHF Invoice and Credit Note 3.0 will be mandatory in e-Invoicing in B2G. The standard is built upon PEPPOL BIS with the goal to implement EU Directive 2014/55/EU in Norway.
VAT Compliance in the European scope
In Spain, the Immediate Information Sharing (SII) system for electronic VAT bookkeeping presents new features in the Canary Isles. On January 1, 2019, the new bookkeeping system for the General Indirect Canary Tax (IGIC) comes into force, based on the Immediate Information Sharing (SII) system.
United Kingdom Making Tax Digital (MTD). The United Kingdom is working to improve the electronic VAT return system to make it more effective, efficient and easier for taxpayers. From April 1, 2019, companies that exceed the amount of 85,000 pounds in VAT invoiced must, on the one hand, be able to archive their VAT books in digital format and, on the other hand, send them to HMRC via API electronically.
In Latin America, regarding VAT and e-Invoicing
Colombia. January 01, 2019. From the start of the year, all taxpayers liable for VAT will be required to comply with e-Invoicing in Colombia. This is a decisive step in the phased calendar to establish electronic invoicing in the country. The Colombian government estimates that some 500,000 taxpayers will be billing this way.
Argentina: As of April 2019, e-Invoicing in Argentina will be mandatory for all categories of taxpayers. The AFIP has issued the following schedule:
· D: December 1
· C: February 1, 2019
· B: March 1, 2019
· A: April 1, 2019
Guatemala. e-Invoicing in Guatemala is gearing up for gradual adoption of the new FEL model from 2019. The Superintendency of Tax Administration (SAT) of Guatemala will define, progressively, the taxpayer segments and the terms for their incorporation into the FEL regime, by issuing administrative provisions, which will be duly notified to them.
Panama. Panama continues with the voluntary period of adoption of e-Invoicing, pending the legislation.
Paraguay. Paraguay is getting ready to start up its e-Invoicing rollout project in the country. After the pilot project carried out in 2018 with 14 companies, the SET will now begin the period of controlled voluntary adhesion.
Contact us. Edicom can help you with any of your international projects, with the solution that best suits your needs and in guaranteed compliance with national and local laws.