Tax authorities globally continue to update e-invoicing requirements
8th May 2020: Denmark, Finland, Italy, Turkey and Vietnam issue changes to e-invoicing requirements.
UK: Further developments around Making Tax Digital and Brexit
8th May 2020: April saw many advancements in the United Kingdom as talks focus on a series of deadlines on Brexit, while MTD is pushed to 2021.
Spain: Updated VAT Return Requirements
8th May 2020: The changes impact both ECSL Return and VAT Return processes.
The One Stop Shop (OSS) is set to be postponed by 6 months.
11th May 2020: OSS will launch on 1 July 2021 instead of 1 January 2021 giving Member States more time to prepare.
India: e-invoice delayed to 1 October 2020
8th April 2020: On 14 March 2020, the GST council announced the implementation of e-invoicing and QR codes on invoices will be postponed for 6 months.
Japan: 2019 consumption tax increase – effect on the economy
12th April 2020: Fears grow in Japan that increase in consumption tax may cause a recession in the Japanese economy.