The Slovenian government has proposed a draft law requiring businesses to implement B2B e-invoicing and e-reporting by 2026.Mandatory B2B E-Invoicing in Slovenia:The Financial Administration of the Republic of Slovenia (FURS) is introducing a reform to combat VAT

 Slovenia has introduced a draft bill concerning the exchange of electronic invoices and other electronic documents. The proposed regulations aim to implement mandatory Continuous Transaction Controls (CTC) for e-invoicing in the business-to-business (B2B) sector. The proposal currently

Global adoption of e-invoicing has led to increased requirements from various tax administrations. These institutions aim to gather detailed taxpayer data to generate pre-filled tax returns, especially for VAT.Timeline for Pre-Filled VAT ReturnsThe schedule for tax administrations

The Ministry of Finance has announced that mandatory electronic invoicing for business-to-consumer (B2C) transactions will take effect in Romania from January 1, 2025.Key details:📅 Timeline and implementation:July 1, 2024: Companies can start using the RO e-Invoice system

Ahead of the September 2026 deadline for mandatory B2B e-invoicing, France is poised to join 20 other national leaders adopting the Peppol standard. France intends to apply for national authority status within Peppol, tasked with supporting and

Expectations are that Bulgaria will introduce an obligation for taxpayers to periodically submit a single audit file (JPK) to tax authorities.The exact implementation schedule remains unspecified as the project is still in development, and the regulations have

On February 20th, the Official Gazette published the law introducing mandatory B2B e-invoicing in Belgium, available here.This means that starting from January 1st, 2026, VAT-registered taxpayers in Belgium will be required to issue and receive structured e-invoices,

IF YOU RUN A VAT-REGISTERED BUSINESS AND CARRY OUT EXCHANGES OF GOODS WITHIN THE EUROPEAN UNION?You are therefore required to submit Intrastat/EMEBI declarations. Trade within the European Union is subject to thresholds and the obligation to submit

Examining the Impact of Greece’s Overhauled Tax Compliance MeasuresGreece has recently implemented substantial changes to its tax system, notably focusing on the innovative continuous transaction controls (CTC) system, MyDATA. This blog post takes a deep dive into

Romania has issued new guidelines for taxpayers regarding the implementation of the latest e-invoicing and e-reporting requirements. See the guidelines under the link.Timeline Starting in January 2024, Romanian businesses registered for VAT are required to adhere to

Introduction to VAT in the digital era (ViDA), announced by the European Commission in December 2022, has sparked a true revolution in the business environment. This proposal marks a significant breakthrough that, if approved, could revolutionize the

Overview of the e-invoicing obligation‍Image Source: FreeImages‍In recent years, there has been a global shift towards digitalization in various industries, and the field of invoicing is no exception. Poland, like many other countries, has recognized the benefits

2024 The annual threshold for reporting the intra-community flow of goods was increasedLithuania announced an increase in the annual Intrastat reporting threshold from January 1, 2024. This includes the reporting of statistical values.The new thresholds are:   

What is Intrastat?As the basis for EU external trade statistics, Intrastat plays a key role in shaping policy and monitoring trade. To gain a full understanding of your Intrastat report and why it is important to your

Greece will introduce the obligation of B2G e-invoicing from September 2023. The implementation will be carried out in stages based on the public administration to which the invoice is issued. This obligation will start by September 12,

From January 1, 2022, taxpayers in Poland and elsewhere may voluntarily use the National e-Invoice System. The e-invoicing obligation will, as a rule, come into force on July 1, 2024, while for small and medium-sized enterprises exempt

European Commission published on December 8, 2022 an amendment draft to the VAT Directive entitled "VAT in the digital era", VAT settlements in the European Union are to be further digitized and the budgets of the Member

The European Commission has presented proposals for the most ambitious and comprehensive reform of the EU's customs union since its creation in 1968. The changes are to be introduced gradually from 2028. The proposed measures will greatly

The obligation to e-invoicing and e-publication in France will be introduced in stages from July 2024. Mandatory B2B e-invoices in France Electronic VAT invoices for B2B transactions and electronic reporting of all supplies not included in the

Reverse charge of VAT in the construction sector (Article 394 of the VAT Directive) VAT is normally payable by the person supplying the goods or services. In order to combating fraud, Member States where VAT is due

The Ministry of Finance of the Slovak Republic published a draft of the future amendment to Act No. 222/2004 Sb. on value added tax, as amended (hereinafter referred to as the "VAT Act" or "amendment"). The subject

The Hungarian tax system operates under the "Nemzeti Adó és Vámhivatal" tax authority, known as NAV. Before introducing the electronic invoicing system, this office introduced the RTIR electronic reporting system. It is worth reading the information to

The Tax Office in Italy decided that the 4% VAT rate could be applied only to edible pumpkins. Pumpkins can also be used for ornamental purposes. Therefore, it was concluded that for "Halloween pumpkins" and ornamental items,

Did you know that e-invoicing and e-reporting will become mandatory from July 2024? This new mandate provides insight into how B2B and B2C business are conducted. Discover the difference between e-invoicing and e-reporting and how it affects

The government has prepared tax changes aimed at simplifying tax obligations for entrepreneurs next year, while proposing to extend the extraordinary tax depreciation regime until 2022 and 2023. The Ministry of Finance has prepared an amendment to

Specific due diligence and reporting obligations for digital platform operators (DAC7) come into effect on January 1, 2023 in Germany. On July 12, 2022, the Federal Ministry of Finance presented the relevant bill. The affected platform operators

In this article, we explain the most important aspects of indirect tax planning related to sales between businesses and consumers in the EU. The Netherlands has several planning options for B2C sellers who either import goods from

The European Commission is committed to digital harmonization. Continuous "CTC" transaction control options for e-VAT invoices and real-time reporting. Amendments to the VAT Directive until October 2022. The European Commission (EC) is reviewing to introduce harmonized digital

France, like other European Union countries, is combating VAT fraud. Consequently, the country has chosen to implement both e-invoicing and e-reporting, the latter of which relies on the provision of certain information to the administration on commercial

The invoice is the basic document issued to the buyer by the supplier for the delivery of goods or services, and on the other hand, a claim for payment as remuneration for the deliveries made. The invoices

Once approved by the EU Council, nothing will stop the system from being implemented. Important : This system has been operating in Poland on a voluntary basis since January 1, 2022. How does the KSeF system work? Structured

Guidelines for small businesses to join e-invoicing and e-reporting before January 2026 The French General Directorate of Public Finance has confirmed the status of small enterprises willing to voluntarily start implementing French e-invoicing from July 2024, and

On February 16, 2022, the European Parliament voted in favor of pan-European harmonization of e-invoicing and adopting the final reform of the VAT system to: facilitate cross-border interoperability; ensure legal compliance, increase the transparency of commercial transactions;

The Italian tax authority has published the updated Italian annual VAT return for 2021 ("Modello IVA 2022 - Periodo d'imposta 2021"). The final form and instructions can be downloaded from the website of the Italian tax office.

The VAT reporting i.MAS obligation was introduced in 2016 for large organizations. It has become mandatory for all businesses in 2020. i.MAS consists of three main parts which are called i.SAF, i.VAZ and i.SAF-T. I.SAF invoice details:  This

Member States agreed to amend the VAT Directive and extend the list of goods and services to which lower VAT rates can be applied. This will cover 24 groups of goods and services. We have to wait

From January 1, 2022, the management and collection of import VAT will be transferred from the customs authorities to DGFiP for each taxpayer identified as a VAT taxpayer in France. From 1 January 2022, the management and

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

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

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

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

The Slovak Ministry of Finance (Ministerstva financií) has launched a new information system for electronic invoicing and the transmission of invoice data to the tax administration. The entire public can be involved in this proposal to improve

The new One Stop Shop (OSS) and Import One Stop Shop (IOSS) systems introduce significant changes to the VAT treatment and reporting mechanisms for sales to private individuals in the EU. The EU E-Commerce VAT Regulation is

After an initial problem with access and accuracy of import VAT returns in January and February 2021, HMRC identified a problem for those using simplified import returns. Deferred Import VAT Reporting has been reintroduced from January 1,

Regular trade in the European Union is not much different from normal domestic transactions as there are no duties or additional obligations. However, it may happen that if you exceed certain thresholds for sales or purchases with

What has changed since July 1? From 1 July 2021, if an electronic interface (online store, platform, etc.) facilitates the distance selling of goods by a non-EU seller to an EU buyer, the electronic interface is considered

Are the new VAT and customs duties resulting from Brexit choking the e-commerce dropshipping model? The complexity of import VAT, customs duties, product inspections and customs declarations are not favorable to the already very small margin of

The changes to the EU's e-commerce rules will take effect on 1 July 2021. This factsheet provides an overview of the main changes and how we can support our SME customers. Time is of the essence. Changes

WHEN DO I HAVE TO FILE A CLAIM FOR VAT? Monthly VAT returns Companies that submit monthly VAT declarations electronically can apply for a tax refund, as long as these declarations include a deductible tax credit. Claims

Solar panel owners who want to recover their VAT and whose turnover will be very limited - less than 1,800 euros per year - will soon no longer need to register for the small business scheme. This

Governments around the world are constantly updating tax laws with new laws that require your business to adapt to comply. Keeping up with all of this can be complicated, so to avoid the guesswork, TICK prepared the

The Hungarian National Tax and Customs Administration has issued a guide on the VAT obligations of foreign companies in Hungary.  Registration obligation: The delivery of goods by the operator in Hungary is subject to VAT, which means

HMRC has postponed the implementation date of the more stringent MTD requirements due to Covid-19. This extension is coming to an end. Applicable time limits In April 2018, HMRC launched the testing phase of a new digital

Since the UK left the EU VAT system on December 31, 2020, UK and EU e-commerce retailers or B2B supply chain operators may be required to appoint Tax Representatives VAT for their non-resident VAT returns. However, on

The Hungarian National Tax and Customs Administration (NTCA) oversees the transition period for the real-time invoice data reporting system, from version 2.0 to version 3.0. . This new version will be mandatory for all taxpayers in the country from

If you are a company that imports goods from outside the UK, there are a number of ways you can pay Duty, Excise and VAT. No payment when goods enter the UK. If you have deferred account , you

Trade agreement between Great Britain and the European Union. On December 24, 2020, the United Kingdom and the European Union finally concluded a trade agreement - the Trade and Cooperation Agreement (TCA). This agreement defines the trade

France is to impose electronic invoicing on B2B transactions between January 2023 and 2025.  This rule will include pre-approval of sales e-invoices through the government portal Chorus Pro before sending them to the customer. The withdrawal of

As you may know, Hungary plans to make invoice reporting compulsory. Any Hungarian VAT-registered entity that issues invoices with a VAT to another VAT entity registered in Hungary, or to physical person will be required to report

The UK government today warns companies to prepare for customs declarations and possible calculation of import tariffs from the EU. They will appear at the end of the Brexit transition period - January 1, 2021 - when

Following Brexit, UK companies will have to appoint a tax representative in most EU countries where they are currently VAT registered. The UK will become a non-EU country once a no-deal Brexit becomes effective. Hence, some additional

Negotiations on a free trade agreement between the UK and the EU started due to a unilateral threat from the UK to revoke the Northern Ireland protocol. The negotiations were carried out at a very difficult time

As the UK is preparing to leave the EU VAT system on December 31, 2020, UK and EU e-commerce sellers may be required to appoint tax representatives to represent them when compiling their VAT reports. It turns

August 10 - VAT payers may decide to gradually repay VAT liabilities incurred during the coronavirus crisis. The payment schedule is as follows: Four monthly installments of 50% of the commitment payable from September to December 2020.

Countries around the world are beginning to respond to the global crisis caused by Covid-19. They are starting to introduce tax breaks to support an economy already hit by the crisis. We present this information below and

Countries around the world are beginning to respond to the global crisis caused by Covid-19. They are beginning to introduce tax breaks to support the economy, which has already been strained by the crisis. Below we present

France is to impose mandatory electronic invoices on B2B transactions from January 2023 to 2025. This will include pre-approving sales e-invoices via the government's "Chorus Pr" website before sending to the customer. This solution already works for

LOWERED VAT RATE IN GERMANY In an unexpected statement, German Chancellor Angela Merkel and several high-ranking cabinet members announced on Wednesday late evening (June 3, 2020) the introduction of a temporary reduction in German VAT rates. The