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Electronic Invoices & Tax Compliance
Tax authorities in countries across Europe are actively imposing new, strict requirements for VAT reporting. As regulations continue to evolve, businesses face the challenge of staying updated and ensuring accuracy and compliance in their tax-related activities.
If your organization maintains subsidiaries across various countries, particularly within Europe, you need to prepare now for the upcoming implementation requirements.
Learn how to comply with VAT regulations and implement global e-invoicing in a consistent, scalable and cost-effective manner.
FRANCE
Who: B2B and B2C companies (domestic invoices); B2G (Business to Government) invoices are already in place
CTC Platform: A mix of CTC and real-time reporting
Supported Format(s): UBL, CII, Factur-X. UBL and CII are both based on XML. Factur-X is a hybrid format and is a combination of PDF and XML
![TaxCompliance_Mockup [Recovered]_france timeline](https://www.truecommerce.com/wp-content/uploads/2023/09/TaxCompliance_Mockup-Recovered_france-timeline.png "TaxCompliance_Mockup [Recovered]_france timeline")
GERMANY
Who: B2B companies
CTC Platform: Not yet defined, however Ministry favors the French model
Supported Format(s):
ITALY
Who: All domestic B2G, B2B, and B2C invoices
CTC Platform: Foreign businesses issuing Italian invoices must be registered at the Italian Revenue Agency, SDI (Sistema di Interscambio) portal, and by the buyer after they have received it.
Supported Format(s): FacturaPA. It is an electronic invoice format that is country-specific and is only used in Italy.
POLAND
Who: All VAT registered companies, including foreign businesses with subsidiaries in Poland
CTC Platform: KSeF Portal, which stands for Krajowy System e-Faktur. This portal is used to approve and exchange B2B invoices
Supported Format(s): FA_VAT, which is an XML-based format
2022
2024
Voluntary phase began in 2022
PORTUGAL
Who: All businesses must use certified billing software (ERP system) to create invoices
CTC Platform:
Supported Format(s): SAF-T (Standard Audit File for Tax format)
![TaxCompliance_Mockup [Recovered]_portugal timeline](https://www.truecommerce.com/wp-content/uploads/2023/09/TaxCompliance_Mockup-Recovered_portugal-timeline.png "TaxCompliance_Mockup [Recovered]_portugal timeline")
SPAIN
Who: All companies with annual turnover of over €6 million as well as VAT business groups, companies that participate in the monthly tax refund system known as REDEME, and other businesses that voluntarily sign up
CTC Platform: Not yet defined
Supported Format(s): UBL, CII, EDIFACT, and FacturaE B2B
Timing: Currently still in draft; no date for when the new rules will enter into force
TÜRKIYE
Who: All businesses must use certified billing software (ERP system) to create invoices
CTC Platform:
Supported Format(s): SAF-T (Standard Audit File for Tax format)
![TaxCompliance_Mockup [Recovered]_turkey timeline](https://www.truecommerce.com/wp-content/uploads/2023/09/TaxCompliance_Mockup-Recovered_turkey-timeline.png "TaxCompliance_Mockup [Recovered]_turkey timeline")
TrueCommerce Supports VAT Compliance
At TrueCommerce, we are experts in electronic commerce with more than 30 years of experience. Our EDI solution provides an efficient and accurate exchange of e-invoices, while ensuring your company meets the latest e-invoicing and tax compliance rules and regulations implemented by local authorities.
The TrueCommerce e-invoicing solution is designed to overcome the pitfalls associated with processing paper invoices and enables you to trade electronically with your entire supplier base. By mapping invoices into your accounts payable application, you remove the need to scan or rekey invoices into your business system.
TrueCommerce also partners with Sovos, a global provider of e-invoicing and tax reporting solutions. By combining the TrueCommerce EDI solution for quick, efficient, and accurate exchange of electronic invoices with Sovos’s expertise on the latest regulations and ability to validate companies’ e-invoices with the local tax authorities in more than 60 countries, you receive a best-in-class EDI and e-invoicing solution with full VAT compliance.
![TaxCompliance_Mockup [Recovered]-23](https://www.truecommerce.com/wp-content/uploads/2023/09/TaxCompliance_Mockup-Recovered-23.png "TaxCompliance_Mockup [Recovered]-23")
Checklist: Are you prepared for compliant e-invoicing?
If your answer is “No” or “Not sure” to any of the below questions, you will most likely benefit from a review of your current e-invoicing setup.
Are you aware of the latest CTC e-invoicing rules in the countries with VAT or similar laws in which you operate?
Are you confident that you are currently complying with the e-invoicing rules in all the jurisdictions that your business has VAT liability?
Have you given much consideration to the impact of new CTC mandates on your current billing and reporting processes?
Do you regularly review your source systems from which e-invoicing and e-reporting data needs to be extracted as CTC mandates continue to evolve?
Related Resources
Upcoming Webinar:
Latest Update on Tax Compliance Across Europe
PEPPOL: