The model followed by Panama is very similar to that of other Latin American countries like Mexico or Peru. On January 2, 2023, the third phase of deployment began, with financial institutions transitioning to the e-invoice. The process of implementing electronic billing in Panama has been in the works for years. Also, the government wants to standardize the method used for issuing e-invoices under standard Nota Fiscal de Serviós Eletrônica (NFS-e). Here are the new developments for this year.īeginning on January 1, 2023, small businesses and independent contractors must issue electronic invoices using the national system Simples Nacional. The laws of each country continue moving towards the implementation of this technology for all types of transactions: B2G, B2B and B2C. South America is the region where the electronic invoice is more widely used. America continues to lead e-invoice implementation Businesses with a turnaround in excess of 8 million Euro must implement the electronic invoice before the end of year 2024. This means that in the spring of 2023 the law will be ready and the implementation calendar approved. The law itself provides a period of 6 months for implementation. The Law “Crea y Crece” (Create and Grow), which regulates the use of electronic invoices in Spain, was enacted on September 22, 2022. However, beginning on April 1, 2023, the e-invoice will be mandatory for B2G transactions. The obligation for B2B transactions will still take a while. This way, Serbia culminates their e-invoice implementation process, which began in 2021, after completing several pilot tests and phases.įor some time now, Slovakia has been promoting the use of electronic invoices. This affects transactions between businesses and government agencies (B2G), between businesses (B2B) and between government agencies (G2G). Beginning in January, the generation, transmission, reception, processing and filing of invoices must be done electronically. Take note of the new requirements that are being implemented.īeginning on January 1, 2023, all invoices must include the ATCUD (unique identification number).Īs enacted by the Serbian government in its draft bill to regulate electronic invoices, 2023 will be a key year in the country. Europe continues moving towards the implementation of a mandatory B2G and B2B electronic invoiceĬountries in the old continent are quickly adopting the e-invoice.
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