The Polish Ministry of Finance plans to roll out a B2B VAT invoice clearance mandate (like the Italian SdI model) expected at the latest in 2022, with some sources citing an implementation closer to mid-2021.
The Greek Government did an about turn on Oct 1st, the day of the mandate, to extend the voluntary period for invoice registration to January 1st 2021 citing economic impact of COVID and business readiness.
The Hungarian tax authority recently published a new file structure that will be the basis for online invoice data reporting in 2021. The new file structure is XSD version 3.0.
The American Business Payments Coalition (BPC) is leading a 3-year effort to explore the feasibility of developing and implementing a standard framework for ubiquitous B2B electronic invoicing for the US market.
The temporary VAT rate reduction to 15% VAT for the tourism and hospitality sectors will be extended up to the end of March 2021.