What are the OSS, IOSS, MOSS abbreviations? What do they mean?

As part of the VAT reforms that entered into force on July 1 2021, there is a group of acronyms that are commonly used and often not well understood: IOSS, OSS and MOSS. These three conditions will shape the long-term way your business operates as the new rules place legal requirements on how VAT is […]

The new way for pre-filled VAT returns, how will it look like?

Pre-filled VAT returns by the Tax Office on value added will apply to countries such as: Italy: The Italian government has launched an ambitious new VAT collection program where the Tax Office will pre-complete VAT returns on behalf of taxpayers. This program aims to simplify reporting and procedures for VAT documents while improving tax compliance. […]

Do you need to register for a tax on plastic packaging in the UK?

If you manufacture or import 10 tonnes or more of plastic packaging, you will need to register as a tax payer within 12 months. These guidelines are subject to change pending approval of all legislation by Parliament and will continue to be updated. Plastic packaging tax applies to producers and importers of plastic packaging that […]

Romania is introducing obligatory SAF-T D406 reporting as of 2022

The Romanian National Agency for Revenue Administration (ANAF) has presented new guidelines for the launch of its version of the OECD Standard Audit File (SAF-T) for large taxpayers. On January 1, 2022, the six-month period for the monthly SAF-T reporting requirement for the first group of large taxpayers. This means that the first submissions for […]