Sovos Annual Tax Compliance Trends Report
Discover the top 2025 tax trends reshaping compliance. Learn how AI, real-time data, and new mandates are transforming tax into a strategic advantage.
Region: EMEA
Poland: MoF Postpones JPK_ST_KR (SAF-T) Submission
The Polish Minister of Finance (MoF) has officially postponed the obligation to submit the JPK_ST_KR (known as the Polish Standard Audit File – SAF-T). This
Romania: Updates to e-invoicing, e-transport and e-VAT legislation have been enacted
The proposed amendments to Romania’s e-invoicing, e-transport, and e-VAT legislation have been officially adopted through Government Emergency Ordinance (GEO) no. 138, published on December 4th.
Montenegro New 15% Reduced Rate from January 1, 2025
Pursuant to amendments published in the Official Gazette of Montenegro No. 94/2024 on September 30, 2024, a new reduced VAT rate category of 15% is
Italy: 2025 Management Fee published
On 6 December 2024, the Italian Institute for Insurance Supervision (IVASS) published the management charge rate for the year 2025. The rate has been increased
Estonia: Proposal for Mandatory B2B E-invoicing
From July 2025, Estonian taxpayers will be required to issue e-invoices upon the buyer’s request, with the aim of stimulating wider e-invoicing adoption in the
Saudi Arabia: 18th Wave of Taxpayers in Scope of Phase 2 of E-Invoicing Announced
The Saudi Arabian Tax and Customs Authority (ZATCA) announced the 18th wave of Phase 2 of the e-invoicing initiative. The 18th wave includes taxpayers with a revenue of
Romania: Proposed Amendments to e-Invoicing, e-Transport and e-VAT Legislation
On December 2nd, a Draft Government Emergency Ordinance was published, proposing amendments to Romania’s e-invoicing, e-transport and e-VAT mandates. E-invoicing Simplified invoices are set to
Greece: Mandatory E-Transport Obligation Postponed
The Greek Tax Authority (Independent Authority for Public Revenue, IAPR) has announced the postponement of the obligation to transmit transport document data to the myDATA
Poland: MoF Proposes Exemption of the JPK_ST_KR Submission
The Polish Minister of Finance (MoF) has proposed a Draft regulation to exempt taxpayers under the Corporate Income Act from the obligation to submit data
Electronic Invoicing
Hungary: Mandatory e-invoicing for electricity and gas trading supplies from 2025
Starting January 1, 2025, new regulations will mandate electronic invoicing for electricity and natural gas supplies to non-private individuals. This obligation is outlined in Government
Hungary: Extra Profit Tax Amendments for 2025
The Hungarian Government issued a new government decree (no 356/2024) on 21st November 2024, which amends the extra profit tax regulations including the rules for
Greece: myDATA Technical Specifications v.1.0.10 Published in Test Environment
The Greek Independent Authority for Public Revenue (AADE) has published updated myDATA technical specifications. The new version 1.0.10 is now available in the myDATA Test
Poland: MoF Initiates Final KSeF Consultations and Publishes Draft Act and FA(3) Schema
As previously announced, the Polish Ministry of Finance (MoF) has initiated the final consultation process for its National e-Invoicing System (KSeF). This involves collecting the
Saudi Arabia: 17th Wave of Taxpayers in Scope of Phase 2 of E-Invoicing Announced
The Saudi Arabian Tax and Customs Authority (ZATCA) announced the 17th wave of Phase 2 of the e-invoicing initiative. The 17th wave includes taxpayers with a revenue of
Latvia: Accounting Law Amended to Adopt Mandatory E-Invoicing
The Latvian parliament approved amendments to the Accounting Law, mandating the use of structured electronic invoices for transactions involving goods and services. The implementation timeline
EU: VAT in the Digital Age Approved
The long-awaited VAT in the Digital Age (ViDA) proposal has been officially approved. On November 5, 2024, during the Economic and Financial Affairs Council (ECOFIN)
Tax Compliance
VAT in the Digital Age Approved in ECOFIN
The long-awaited VAT in the Digital Age (ViDA) proposal has been approved by Member States’ Economic and Finance Ministers. On 5 November 2024, during the