Welcome to our Unifiedpost Group website! We, and third parties, use cookies on our websites. We use them to enhance site navigation, analyse site usage and assist in our marketing efforts. You can read more about our cookies and change your preferences by clicking on ‘Change my settings'. By clicking on 'Accept all cookies’, you agree to the use of all cookies as described in our Privacy cookie policy.
Compliance and Regulations

The latest tax compliance updates Q2 2024

March 18, 2024
9:00 am

As we move into the second quarter of 2024, it's time to take a look at the countries that are making further progress towards mandatory electronic invoicing processes. View our quarterly update and download our 2024 E-invoicing Guide for an overview of mandates from around the globe.

Latvia: Pushes forward with electronic invoicing implementation

The Latvian Ministry of Finance has announced a significant step towards modernising its economic infrastructure. By the 31st of December 2025, mandatory electronic invoicing for business-to-business (B2B) transactions will be fully implemented for relevant taxpayers. This move aims to streamline processes, enhance transparency and combat the grey economy.

At the end of January 2024, in line with the B2B initiative, Latvia unveiled a comprehensive 4-year plan to effectively tackle the country’s challenges. A pivotal aspect of this plan is the promotion of non-cash transactions, with a particular emphasis on e-invoicing.

The upcoming 2025 e-invoicing rollout will encompass transactions not only between businesses (B2B) but also those involving government agencies (B2G). The structured 'Peppol' invoice is expected to emerge as the default e-invoicing standard, aligning with European standards (EN 16931-1:2017 and CEN/TS16931-2:2017), as outlined in the Finance Ministry’s informational report.

Latvia's commitment to embracing digitalisation reflects its determination to foster a more efficient and transparent economic landscape while aligning with global standards.

Both technical and legal framework is work in progress, so more news will come from local authorities and State Revenue Service. Reach out to our Latvian office to stay on top of news regarding local requirements and technical solutions.

Germany: B2B electronic invoicing developments

On the 22nd of March 2024 the German Bundestag approved the Growth Opportunities Act (Wachstumschancengesetz), which confirms the country's B2B electronic invoicing mandate. The proposed timelines remain unchanged, therefore we can expect businesses to start preparing for 2025, with the official roll-out confirmed for 2027:

  • Businesses are advised to commence preparations for electronic invoicing, ensuring readiness to receive electronic invoices compliant with EN 16931-1 formats by the 1st of January 2025.
  • Rolling out the mandate for sending electronic invoices is set to commence on the 1st of January 2027.

Learn more of the key details via our blog "Germany's B2B electronic invoicing law approved".

Spain: News on Create and Grow Law

The Ministry of Economy has notified the European Commission of the draft Regulation of the Create and Grow Law, as the regulation has potential impacts on “electronic invoice exchange platform services”.

The official notification can be found on the European Commission’s website.

What does the Create and Grow Law mean for the average Spanish business? Learn the key details in our blog: 10 essential facts on Spain's B2B electronic invoicing law.

How to stay up to date?

With an increasing number of countries implementing mandatory e-invoicing rules, staying informed can be challenging.

To stay up to date of the latest developments worldwide, subscribe to our monthly e-invoicing newsletter and connect with us on LinkedIn for additional updates.

Stay up to date

Tax compliance and electronic invoicing regulations

Stay up to date with the every changing world that is global tax compliance and e-invoicing regulations. Sign up to our monthly newsletter for new mandates, expert interviews and the latest webinars.

Thank you! Your message has been sent successfully.
Something went wrong. Please make sure all the fields are filled in correctly.
Subscribe now

Sign up today

Sign up to our free email newsletter and be the first to know about tax compliance and e-invoicing changes around the world.

Thank you! Your message has been sent successfully.
Something went wrong. Make sure all fields are field in correctly.
Subscribe now

Sign up today

Sign up to our free email newsletter and be the first to know about tax compliance and e-invoicing changes around the world.

Thank you! Your message has been sent successfully.
Something went wrong. Make sure all fields are field in correctly.