Malaysia: CTC Mandate Flexibilization
The Inland Revenue Board of Malaysia (IRBM) released a press note today introducing a set of measures for the flexibilization of the upcoming e-invoicing obligation,
Solution: VAT & Fiscal Reporting
VAT Compliance Germany
VAT Compliance in Germany: An Overview for Businesses Tax compliance in Germany is fragmentary by nature and requires resources to ensure compliance. Consider that compliance
Ecuador: Tax Authority Will Apply Fines Up To $13,800 USD for Non-Delivery of Sales Receipts
Resolution No. NAC-DGERCGC24-00000022, published on June 10, 2024 in the Official Register Supplement No. 575, establishes the possibility of imposing penalties from $460 to $13,800
Greece: myDATA Technical Specifications Update v.1.0.9
The Greek Tax Authority’s (AADE) has published an updated version of the Greek technical specifications for the myDATA e-accounting system. This is version 1.0.9 of
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,
Spain: Temporary Zero VAT Rate on Basic Foods Extended Until September 30, 2024
Pursuant to Royal Decree-Law 4/2024 of June 26, 2024, the temporary zero VAT rate on basic food items such as bread, flour, milk, cheese, eggs,
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
Peru: SUNAT Expands Discretionary Power in Penalty Application for Electronic Tax Records Infractions
The tax authority issued the RESOLUTION OF THE DEPUTY NATIONAL SUPERINTENDENCE OF INTERNAL TAXES No. 000017-2024-SUNAT/700000, which establishes that those who, being obliged to keep their
Argentina: Updated Minimum for Electronic Credit Invoice
The Ministry of Industry and Productive Development through the Resolution 30/2024 updated the minimum amount that companies must meet to issue “Electronic Credit Invoice”. The
Mexico: The SAT publishes Version 3.1 of the Carta Porte Supplement
On June 17, the Tax authority published an update of the technical documentation of the Carta porte in version 3.1. This version makes modifications and
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
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
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).
E-archiving
Harmonising the EU VAT System: Addressing Disparities in Implementation & Simplifications for Intra-Community Trade
The EU Directive for VAT has laid the groundwork for a harmonised VAT system throughout the different Member States. However, the implementation of the EU
Turkey: TRA Announces Changes to e-archive Invoice and e-ledger Frameworks
On May 22, 2024, the Turkish Revenue Administration (TRA) announced new mandatory fields for e-Archive reports. Effective July 1, 2024, the signature time, shipment information,