vlag UK

Starting 1 March 2025, the Government of Greenland has introduced a new regulation that mandates all legal entities and individuals to provide digital invoices when delivering goods or services to public authorities.

A digital invoice is characterized as one that can be automatically processed in a structured electronic format. This regulation encompasses various document types, including invoices, credit notes, reminders, and business receipts, with the relevant technical specifications accessible on the Inussuk-IT website.

Structured Electronic Format

All invoices are required to be generated, transmitted, and received in a format that facilitates automatic digital processing. Paper invoices will no longer be permitted.

Registration and Information Procedures

Public authorities must register in the unified NemHandelsRegister, which the Danish Business Authority oversees. Furthermore, when entering into contracts, these authorities must supply their CVR number, GLN number, reference details, and requisition information to facilitate efficient invoice processing.

✔️ Exemptions for Small Providers & ❌ Rejection Policy

Entities and individuals whose annual turnover does not reach a yet-to-be-established threshold will be excluded from the new regulations. The municipal board will establish the specific criteria for these exemptions at a future time. Invoices not complying with digital processing standards will be rejected, causing the payment timeline to revert to when a corrected invoice is received.

Greenland's Tax Authority and Its Relationship with Denmark

Greenland functions under a semi-autonomous arrangement as part of the Kingdom of Denmark. While it manages most of its internal affairs, including tax regulations, Denmark retains control over foreign relations and monetary policy. This dual governance system enables Greenland to tailor its financial rules, such as digital invoicing, to suit local requirements while ensuring adherence to the Danish administrative standards.

Through the implementation of digital invoicing, Greenland aims to modernize its payment systems and improve transparency in public financial dealings.

KGT is a SAP partner for PE services and SAP Build partner, and to become an SAP partner, strict due diligence requirements must be met, including having certified SAP consultants. You can find us at: https://partnerfinder.sap.com/profile/0001925409

SAP add-on via clearance model

Roadmap to Tax and IT function effectiveness

KGT SAP add-ons for SAF-T, e-invoicing and MTD UK for VAT work as a standalone application within the SAP system and do not change existing customer SAP functionality or processes. It is fully configurable with a custom namespace /KGT.

KGT partnered up with SAP regarding 'SAP Advanced Compliance Reporting for SAP HANA'. The 'Advanced Compliance Reporting' (ACR) service enables you to configure, generate, analyze, and electronically submit statutory reports that contain indirect taxes, such as value-added tax.

KGT also provides S/4 HANA transformation support.

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