E-invoicing is reshaping the global business landscape. As countries worldwide accelerate their digital transformation, the shift to mandatory electronic invoicing is gaining momentum. From Germany’s recent B2B mandate to emerging regulations in other regions, the e-invoicing landscape is constantly evolving. Let’s dive into the latest developments that shaped the month of July 2024.
Belgium releases a new guidance to regulate B2B e-invoices from January 1, 2026
Starting January 1, 2026, almost all domestic business-to-business (B2B) transactions in Belgium will require electronic invoices. The government has specified that invoices must adhere to the EN 16931 standard, though unstructured formats will be accepted until December 31, 2025. This follows the successful implementation of mandatory B2G e-invoicing in March 2024.
Poland launches mandatory B2B National e-invoicing system (KSeF)
On July 18, 2024, the Polish Ministry of Finance initiated talks on the implementation of mandatory B2B e-invoicing National e-invoicing System (KSeF). The government has decided to roll-out the KSeF in two phases:
- Beginning February 1, 2026, Polish enterprises with an annual turnover exceeding PLN 200 million (€46 million) will be legally required to issue and receive electronic invoices.
- By April 1, 2026, this obligation will be expanded to encompass all Polish organizations.
Slovenia publishes a draft regulation for the implementation of mandatory e-invoices starting from June 1, 2026
The Slovenian government has published a first draft of the regulation that will introduce mandatory electronic invoicing for all B2B transactions starting from June 1, 2026. The new regulation outlines specific structured e-invoice formats that must be reported to tax authorities within eight days of issuance. The mandate specifies three options for businesses to exchange invoices electronically:
- E-slog: the Slovenian national invoice standard developed by the chamber of commerce of Slovenia
- EN16931: the European standard for electronic invoices
- Internationally recognized structured e-invoice formats
Romania extends mandatory e-invoicing to B2C transactions
Romania is expanding its e-invoicing requirements. Building on the successful implementation of mandatory B2B e-invoicing since July 1, 2024, the government is planning to introduce mandatory B2C e-invoicing starting January 1, 2025. E-invoicing for B2C transactions will be voluntary from July 2024 and will become mandatory starting January 2025.
Malaysia announces six-months soft launch for mandatory e-invoices
Malaysia has extended its deadline for mandatory B2B e-invoicing. Originally set for August 1, 2024, businesses now have until February 1, 2025, to fully comply. This six-month grace period, outlined in the new guidelines announced by the Inland Revenue Board of Malaysia (IRBM) on June 28, 2024, allows businesses to adapt to the new e-invoicing requirements without facing immediate penalties.
EU ViDa agreements are postponed to autumn 2024
The implementation of EU’s VAT in the Digital Age (ViDA) initiative has hit a roadblock. Due to Estonia’s opposition to Pillar 2, the EU Finance Ministers forum have postponed further discussions until October or November 2024. As a result, the introduction of Digital Reporting Requirements (DRR) and e-invoicing will now be delayed until 2030.
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