IPT
Hungary Insurance Premium Tax (IPT): An Overview
Regarding calculating Insurance Premium Tax (IPT), Hungary is the only country in the EU where the regime uses the so-called sliding scale rate model.
Region: EMEA
Romania: E-transport Extended Grace Period for Authorized Economic Operators
On June 28, 2024, the Romanian government issued a new Government Emergency Order postponing the grace period for the e-transport mandate for international transport of
Finland: Insurance Premium Tax Rate Change
On 28 June 2024, the Finnish Parliament approved the amendments to the Insurance Premium Tax (IPT) according to the government proposal (HE 61/2024). With the
Cyprus: Temporary Zero Rate on Basic Items Extended Until September 30, 2024
Pursuant to the Council of Ministers Decree KDP 231/2024, the zero VAT rate that temporarily applies to basic food and consumer items such as bread,
Greece: Reduced VAT Rates on Various Goods and Services Made Permanent
Pursuant to the Greek Ministry of Finance announcement on June 20, 2024, the temporary 13% reduced VAT rate in Greece that applied to the supply
Romania: Clarifications Regarding the e-Transport Mandate
On June 27th, a new Joint Order from ANAF and AVR, on the Romanian e-transport system, was published. The new Order clarifies previously unregulated aspects
News
Sovos and PwC Ireland Join Forces to Transform Business-to-Business E-Invoicing and E-Reporting Implementation
(London – June 25, 2024) Sovos, the always-on compliance company, today announced a joint business relationship (JBR) with PwC Ireland, leveraging both organisations’ complementary tax
Germany: B2B E-Invoicing Draft Guideline Released
The German Ministry of Finance (MoF) released a draft guideline on June 13, 2024, detailing the upcoming B2B e-invoicing mandate. The highlights from the guidelines
Lithuania: Updated Transition Plan Announced for B2G e-Invoicing Via New SABIS Platform
As announced earlier this month, the Lithuanian National Centre for General Functions (NBFC) is launching a new platform for the submission of B2G e-invoices. The
Value Added Tax
VAT Snapshot: E-invoicing Updates in Europe and Beyond
As the global e-invoicing landscape continues to shift and develop, our quarterly VAT Snapshot webinar brings you all the details on the key regulatory changes
Value Added Tax
ViDA Rejected Again – Europe Misses Another Chance to Harmonize e-Invoicing
During the latest ECOFIN meeting on 21 June, Member States met to discuss if they could come to an agreement to implement the VAT in
France: Updated External Specifications for e-Invoicing and e-Reporting
The French authorities published the updated version of the ‘External specifications file for electronic invoicing’. After an extensive process of consultation with interested stakeholders, the
Romania: Draft Legislation Proposes a New B2C e-Invoicing Mandate
On June 18th, The Romanian Ministry of Finance published a Draft Order intended to expand the scope of the electronic invoicing mandate in the country
Value Added Tax
IPT Pulse: Spotlight on Hungary and climate change
Ever-changing Insurance Premium Tax (IPT) rules and regulations can be challenging to keep up with, so staying on top of the latest developments in IPT
Latvia: Mandatory B2B and B2G e-Invoicing
Following the plans announced earlier this year, Latvian Ministry of Finance (MoF) published the draft amendments to the Accounting Law, aiming to implement mandatory B2B
Value Added Tax
VAT Reporting and SAF-T in Poland and General Audit Insights
Remaining current with the latest regulatory revisions in VAT reporting and SAF-T requirements in Poland. This webinar will deliver a comprehensive overview of recent changes
Poland: JPK_VAT and KSeF Timeline Changes
The new draft regulation amending JPK_VAT with a declaration (VAT return) has been published on 31st May 2024 by the Polish Minister of Finance (MoF).
Lithuania: B2G e-Invoicing Via SABIS
Following the implementation of the project “Modernization of the information system “E- sąskaita”, starting from 1 July 2024, the submission of the invoices to public