In 2024, Poland, Romania, Denmark, and Malaysia are implementing electronic invoicing (e-invoicing) mandates that demand more tax data in real-time. They are not alone in this trend: More than 30 jurisdictions have enforced some form of e-invoicing mandates. Countries such as Poland, Belgium and China, among others, have announced mandates to begin within a two-year period amidst a global surge in continuous transaction control (CTC) systems.
Although the United States does not currently require e-invoices or real-time reporting, adopting these practices elsewhere has led to increased tax revenues. As a result, it is likely only a matter of time before the U.S. or individual states implement similar laws.
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