Popular Search Terms
E-invoicing model:
  • Post Audit
Mandatory file format:
  • B2G: EN Compatible by Law, local ISDOC in practice
  • B2B: N/A
B2G requirements:
  • B2G: Under development
Archiving requirements:
  • 10 Year Period
E-signature:
  • Not Required

Summary

Navigating the global tax compliance landscape successfully is complex and resource-intensive. Every country has a specific and constantly evolving set of legislated e-invoicing requirements.

Non-compliance, intentional or not, can result in significant financial penalties, business disruption, and reputational damage.

Updates

04.28.22

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  • Country updates
Abolishment of electronic sales recording requirements Electronically recording sales is accompanied by several administrative burdens. Furthermore, the main reason for the introduction of electronically recording sales- cash payment / sales- are decreasing. In fact, non-cash payments are projected to reach 80% by 2025, further reducing the need for electronically recording sales. This phenomenon is taking hold not just within the parameters of the EU but globally too. To this effect, the proposal to abolish the electronic sales recording has been approved by the Czech government. It is expected that the Act on the Registration of Sales, which introduced the obligation for electronic sales recording, will shortly be cancelled.

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