Here’s the latest tax compliance and e-invoicing updates, featuring key regulatory changes from Romania, Poland, Saudi Arabia, Serbia, and Turkey. Keep up with the newest regulations that could impact your business operations and help ensure compliance. Dive into the full details to stay ahead!
Updates on E-Invoicing Compliance
- Romania: GPS Data Penalties in e-Transport Start January 2025
Starting January 1, 2025, the Ministry of Finance and ANAF will enforce penalties for failing to submit GPS coordinates in the e-Transport system, as per GEO no. 41/2022. Economic operators are strongly advised to ensure their compliance with these new regulations to avoid fines and operational disruptions. Now is the critical time to review and adjust your systems to meet these requirements effectively and remain compliant.
- Poland’s KSeF FA(3) Update: Major Changes and Public Consultation in Autumn 2024
The new FA(3) version of Poland’s National e-Invoice System (KSeF) will be available for public consultation in autumn 2024. Key updates include enhanced payment deadline visibility, the addition of the “employee” role, and tailored solutions for VAT groups and local government units. Regulatory changes will introduce new rules for QR codes, two-step access, and mandatory KSeF numbers for payments starting August 1, 2026. The Ministry of Finance aims to improve the system by synchronizing test and production environments and allowing invoice attachments.
- Poland: New Guidelines for JPK_KR_PD and JPK_ST_KR Released
Poland’s Ministry of Finance has issued guidelines on the JPK_KR_PD (general ledger) and JPK_ST_KR (fixed assets register) structures. Businesses must ensure their systems comply by January 1, 2025, and submit their first JPK_KR_PD by March 2026, in line with the 2025 tax return deadline.
- ZATCA Announces Wave 15 E-Invoicing Integration for 2025
ZATCA has announced the criteria for Wave 15 of the E-Invoicing Integration Phase. Taxpayers with VAT-liable revenues exceeding SAR 4 million in 2022 or 2023 must integrate their systems with the Fatoora platform by March 1, 2025. This phase includes advanced requirements for invoice formats and mandatory fields, continuing Saudi Arabia’s digital transformation efforts.
- SEF 3.9.2 Update Now Live: Enhanced Features for E-Invoicing Users
The SEF 3.9.2 update is now active in the Electronic Invoice System’s production environment, offering improved functionality and user experience. Businesses are encouraged to explore the latest enhancements to optimize their e-invoicing processes.
- Turkey — New Exemption from Inflation Adjustments for 2024
The General Communiqué on the Tax Procedure Law (№563) introduces a significant exemption for the second and third provisional tax periods of 2024. Taxpayers whose total gross sales are below 50,000,000 TL as of December 31, 2023, will be exempt from the requirement to make inflation adjustments, providing relief to smaller businesses under the Revenue Administration’s new regulation.
- Simplify Complex Operations: Multi-Country Multi-Company Solution
Melasoft E-Invoice Solution can be implemented for companies that have operations in different countries. The same cockpits can be used for different countries which improves the effectiveness and efficiency of operations. Find more here
We understand that tax compliance can be overwhelming. That’s why we’re here to help. Our team of experts is equipped to provide you with the guidance and support you need to navigate the complexities of tax compliance with confidence.
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