regulations
18/01/2026
The OECD has quietly released what may become the most influential tax digitalization guidance of the next decade. Its new report on Digital Continuous Transactional Reporting for VAT sets out how governments should transition to real-time reporting, without disrupting global trade, overwhelming businesses, or compromising data privacy.
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compliance
banqup
peppol
13/01/2026
From January 1, 2026, e-invoicing via Peppol will become the standard in Belgium, but what should you do if you still receive a PDF or paper invoice? This blog explains step by step how to check a non-electronic invoice, verify its authenticity, and safely deduct VAT. Learn how to guide your suppliers toward e-invoicing and keep your administration compliant with Banqup.
12/01/2026
Israel’s progress towards the implementation of an electronic invoicing regime has advanced over the first half of 2023. We have been analysing the unfolding developments in Israel's tax landscape.
vida
This article has been updated to reflect the European Commission’s most recent VAT gap report (2025 edition), which provides the latest analysis on the difference between VAT legally due and VAT actually collected for the year 2023. The report also introduces, for the first time, an assessment of the VAT policy gap, the revenue foregone due to reduced rates and exemptions, providing a more comprehensive understanding of total VAT losses across EU Member States.
E-invoicing in Israel: See the latest on mandatory phases and potential threshold changes for 2026.
08/01/2026
European e-invoicing is built on a common standard, but implemented through multiple local and cross-border “dialects.” In this article, we go beyond EN 16931 to explain how formats like XRechnung, ZUGFeRD/Factur-X, and Peppol BIS actually work in practice and how to choose the right one depending on where you do business.
07/01/2026
2025: The year e-invoicing stopped being a back-office problem and started becoming a business strategy. Discover how governments worldwide closed the VAT gap with real-time mandates, which key countries confirmed long-term compliance roadmaps, and how the "Model Wars" between Clearance CTC and Decentralized Exchange are shaping the future of global finance.
The Dominican Republic is one of the Latin American countries that has most recently implemented electronic invoicing, inspired and influenced by the successful experiences of leading countries in the region, such as: Chile, Brazil, Mexico, Colombia, and Peru.
24/12/2025
The transition to electronic invoicing via Peppol in Belgium is underway. Learn why starting early matters and how to efficiently prepare your organization for the future.
19/12/2025
Self-billing via Peppol transforms invoicing by letting buyers issue invoices directly, reducing errors, saving time, and ensuring full compliance with European standards. Explore how companies and public institutions in Belgium can leverage this secure, automated process to streamline operations and lower costs.
11/12/2025
As of January 1, 2026, electronic invoicing will become mandatory for all Belgian companies doing business with other VAT-liable businesses. As this date approaches, the need for clear information on exactly how Peppol works is growing. One of the most frequently asked questions revolves around the Peppol ID, the digital address that determines where your e-invoices are sent and from where they are received.
From 1 January 2026 all transactions between VAT liable businesses in Belgium must be processed using a valid electronic invoice. Many organisations are still preparing for this transition. Beyond the financial penalties defined by the authorities, late adoption can also cause delays in payments. What does this mean for your organisation and which risks do you face if you are not ready in time
The Federation of Bosnia and Herzegovina (FBiH) is moving toward a major reform of its fiscal and invoicing framework with the government recently adopting a draft Law on Fiscalization of Transactions. Although Bosnia and Herzegovina is composed of two entities and a special district, this draft law applies exclusively to the Federation, not the entire country. The proposal aims to modernise the fiscal system, introduce real-time or near-real-time transaction reporting, and reduce the grey economy, but many technical details and timelines are still under development. Based on the information available from official announcements and local media, below is an overview of the current status.
08/12/2025
Hungary is considered a leader in the European Union in the field of VAT digitalization, as its Online Invoice System (NAV Online Számla Rendszer) has long required businesses to fulfil a fully digitized data reporting obligation.
05/12/2025
A key update for Belgian SMEs and accountants: B2B e-invoicing becomes mandatory on January 1, 2026, but a grace period will start in December 2025. The legal obligation remains, but this offers a practical buffer.
