Servicios de cumplimiento
Hay una explosión global de legislación sobre la facturación y las órdenes de compra (requisitos gubernamentales) que crea un gran reto para las empresas. ¿Cómo puede cumplir los requisitos de forma rentable y evitar las costosas sanciones por incumplimiento?
Últimas novedades de todas partes del mundo
Update on Malaysian e-invoicing mandate
In a recent workshop session, Lembaga Hasil Dalam Negeri Malaysia (LHDNM) confirmed the previously mentioned deadlines for mandating e-invoicing for all businesses between 2024 and 2027. Here is a summary of the confirmed timelines:
- During 2023, the infrastructure will be prepared, and a pilot project will be launched with selected companies. Companies not selected for the pilot project may voluntarily participate.
- January 2024 – voluntary e-invoicing implementation
- From June 2024: Mandatory implementation for businesses with annual sales exceeding RM100 million.
- From January 2025: Mandatory implementation for businesses with annual sales exceeding RM50 million.
- From January 2026: Mandatory implementation for businesses with annual sales exceeding RM25 million.
- From January 2027: Mandatory implementation for all businesses.
In accordance with the latest information, the model to be implemented would be Continuous Transaction Controls (CTC) where invoices should be cleared with the tax authority. Businesses will submit their e-invoices to LHDNM for verification via API. After the invoice is approved, the LHDNM will generate a Certification Serial Number and send an email to the issuer and recipient.
E-invoicing delay for final wave of taxpayers
Our recent posts have commented on the trajectory of e-invoicing in Bolivia, which has elected to use phased implementation for the expansion of e-invoicing across the country.
The e-invoicing implementation in the country is now entering its final stage. The fourth, and final wave of taxpayers in Bolivia, was due to be tasked with e-invoicing obligations from 1 April 2023. This has now been delayed to 1 June 2023.
Bolivia implemented mandatory e-invoicing via the Sistema de Facturacion Electronica (SFE) in December 2021. Despite delays in the application of e-invoicing due to the pandemic, the final wave of taxpayers joining the e-invoicing obligations should conclude the process of e-invoicing in the country.
Payroll CFDI 4.0 delay
Last month, Tungsten commented on the successful go-live in respect of obligations relating to the new CFDI 4.0 in Mexico. The former ‘old’ version of the CFDI, version 3.3, was no longer compliant from 1 April 2023. Tungsten can support both Web Form and Integrated Suppliers with the new CFDI 4.0 obligations.
Despite multiple revisions to the CFDI 4.0 implementation date, Mexico, on the whole, did remain on track to deliver its changes in line with the 1 April 2023 timeline in respect of the new obligations. However, the Mexican Tax Authorities, the Servicio de Administracion Tributaria (SAT) has announced an extension for the payroll CFDI 4.0, which effectively means that impacted entities have now been afforded an extra 3 months- until 1 July 2023- to adhere to the e-invoicing obligations. As the name suggests, payroll CFDIs generally applies to entities who make salary payments.
Tungsten does not process payroll CFDIs- and as such our go-live will remain unaffected by this change.
Please refer to the below link for the Mexican tax authority notification in respect of the same:
‘Service’ invoicing delay for select taxpayers
Small individual entrepreneurs in Brazil were obligated to use mandatory electronic billing for service invoices from 3 April 2023. This requirement has now been delayed to 1 September 2023. This was likely triggered by a lack of readiness to meet the needs of electronic e-invoicing.
An NFS-e refers to an e-invoice for services in Brazil and provides important information in respect of the service provider, as well as the amount paid.
You can read more about e-invoicing in Brazil on our dedicated country-specific page here.
B2G e-invoicing inception
The e-invoicing timeline in Slovakia has been subject to some revision. While the timelines for B2B e-invoicing are yet to be defined, B2G e-invoicing in Slovakia became mandatory on 1 April 2023.
Slovakia is a compliant territory for Tungsten Network, and we will follow e-invoicing developments in relation to B2B e-invoicing.
A public version of a bill in respect of B2B e-invoicing is not yet available, and this may require further consideration in respect of the VAT in the Digital Age (ViDA) legislation, as countries strive to ensure their proposed vision for e-invoicing and / or e/reporting is ViDA compliant.
Temporary introduction of the reverse charge
Due to the introduction of the split payment mechanism in 2019, Poland has largely not made as much use of the reverse charge to the same extent as its European counterparts. However, Poland is now reversing this trend.
On a temporary basis, the reverse charge will be permitted on the following domestic transactions:
- Supplies of gas;
- Supplies of electricity;
- Provision of services for the transfer of greenhouse gas emissions allowances
The changes are complex. Tungsten Network would recommend consulting a tax advisor for further information in respect of these changes if required.
The reverse charge is viewed as an effective measure to combat VAT fraud by essentially placing the responsibility to pay VAT on the buyer rather than the supplier. The VAT in the Digital Age (ViDA) proposal also has proposed some intriguing changes in respect of the reverse charge. You can read more about this, and the proposal in general, here.
VAT exemption for specific food product imports and transfers and food products
In an era of high energy prices, overall inflation and even recession on the horizon for certain countries- it is expected that countries will respond by adjusting VAT rates.
Portugal has exempted the import and transfers of specific food products, effective 18 April 2023 to 31 October 2023, from VAT.
The full list can be found here.
Portugal has taken the tax rate concessions even further and confirmed the zero VAT rate for specific food products. Law No. 17/2023 confirms the full list of products subject to the zero VAT rate.
VAT rate consolidation
Our earlier post commented on the Czech government’s proposal to consolidate their VAT rates. The Czech government are signalling further intent that this will be implemented as part of the Czech government’s wider fiscal framework.
Currently, the following VAT rates apply in the Czech Republic:
- 21% standard rate
- 15% reduced rate
- 10% reduced rate
The Czech government is planning to consolidate the 10% and 15% rates into a new, single VAT rate of 14%, with the 21% VAT remaining unaffected. Inevitably, this will mean that goods formerly subject to the 10% VAT rate will find themselves subject to a higher VAT rate. It follows that the Czech government stands to gain considerably from an economic perspective – with predicted figures initially forecasting gains of around 1 billion per annum. Such measures serve to demonstrate the far-reaching effects of VAT rate changes on the wider economy.
The proposals will be sent to Parliament in June for review. Implementation of the consolidated rates is currently touted for 1 January 2024.
The Czech Republic is a compliant territory for Tungsten Network and we are closely following developments in relation to the VAT rate change. If confirmed, Tungsten will support the VAT rate change and incorporate this as part of our e-invoicing solution in the country.
zero rate VAT for solar panel installation
In an age of inflation and some economic uncertainty across Europe, it is commonplace to see governments adjust their fiscal policies.
Ireland has announced that from 1 May 2023, the supply and installation of solar panels for private dwellings will be subject to zero-rate VAT.
Ireland is a compliant territory for Tungsten Network and we support all valid rates as part of our e-invoicing solution in the country.
Summary of VAT Expert Group meeting (with a focus on ViDA)
The VAT expert group convened in March 2023, and, unsurprisingly, the main topic discussed was the VAT in the Digital Age (ViDA) proposal. It was acknowledged that overall, the reception from all Member States has been positive, with limited major cause for concern.
The proposal focuses on 3 main areas: Digital Reporting Requirements (DRRs), the platform economy and single place of registration. Again, it was noted that the major cause of concern rests with the latter two elements of the proposal. Despite concerns being raised, the feedback has been positive and constructive.
A summary of the minutes of the minutes can be accessed below:
Normativa alemana
Normativa de la India