Tax Compliance
Taxation of Motor Insurance Policies: Austria
In Austria, the insurance premium tax law regulates the indirect tax that applies to elements of coverage under a motor insurance policy. This blog details
Solution: VAT & Fiscal Reporting
Value Added Tax
From Borderlines to Bottom Lines: Maximising VAT Efficiency
Unlock the secrets to fruitful global trade in our latest webinar; our consulting expert Luca Clivati will provide valuable insights and guidance to help businesses
Cyprus: Temporary Zero VAT Rate on Basic Items Extended until June 30, 2024
Pursuant to the Council of Ministers Decree ΚΔΠ 138/2024, the temporary zero VAT rate that applies to basic food and consumer items such as bread,
Laos Standard VAT Rate Increase to 10%
Pursuant to Laos Presidential Decree No. 003/PS signed on March 19, 2024, the standard VAT rate in Laos is increased from 7% to 10%. This
Poland: New Go-Live Date Announced for Mandatory KSeF e-Invoicing
On April 26, 2024, the Polish Ministry of Finance announced the new official implementation date for mandatory e-invoicing via KSeF during a press conference. The
Democratic Republic of the Congo: VAT on Cross-border Digital Services
Pursuant to Instruction No. 0339 as published by the Congolese Ministry of Finance, Budget, and Public Portfolio on March 18, 2024, non-resident suppliers of electronic
Poland: SAF-T Public Consultation on the New Schemas Opened
On April 5, 2024, the Polish Ministry of Finance opened a public consultation regarding new schema specifications for JPK_PKPiR, JPK_EWP and JPK_ST, for: PIT taxpayers,
NFCom Smart
Sovos NFCom Smart High-volume intelligent messaging, capable of integrating invoice systems, validating CPF and CNPJ and correcting errors. Communication and Telecommunications Service Invoicing Issue NFCom
Value Added Tax
VAT Snapshot: Navigating the Latest Global E-invoicing Requirements
Keeping up with e-invoicing requirements has never been a bigger task, especially if you operate internationally. Join us as we share the latest information necessary
Poland: Draft Amendments on KSeF Regulation Published
On April 3rd, the Polish Ministry of Finance (MoF) presented proposed changes to the VAT legislation affecting KSeF, along with draft interface specification v. 1.9
Norway: New Financial SAF-T schema (version 1.3)
The schemas for the Norwegian Financial SAF-T have been updated to version 1.30 and are accessible here. Effective January 2025, compliance with the new schema
Value Added Tax
Mastering Sales & Use Tax Compliance: Strategies for Accurate Invoice Taxation
Join us as we explore sales & use tax compliance for customer invoicing. Discover strategies for navigating shared services buying centers, address industry misconceptions, and
Events
VAT Reporting and SAF-T: Recent Changes and Upcoming Deadlines
Stay updated on VAT Reporting and SAF-T with Sovos’ webinar. Explore legislative changes, prepare for VAT Recovery deadlines, and gain insights into SAF-T updates for
Romania: Draft Legislation Published on the Expansion of e-Reporting Grace Period
Following speculation on a possible expansion of the grace period of the Romanian e-invoicing mandate, the Romanian Ministry of Finance published today, 22nd March 2024,
Germany: Parliament Approves B2B e-Invoicing Mandate Starting in 2025
The German parliament passed The Growth Opportunities Act (Wachstumschancengesetz – the Act) today, concerning various tax matters, including a nationwide B2B electronic invoicing mandate. Originally
Poland: SAF-Ts Updates (JPK_KR/JPK_CIT)
On March 18th, 2024, the Polish Ministry of Finance published a second draft act regarding JPK_KR, that requires additional data to be reported on the accounting
Ecuador: VAT Rate Increase to 15% From April 1, 2024
Pursuant to Executive Decree No. 198 as issued by the President on March 15, 2024, the standard VAT rate in Ecuador is increased to 15%
Namibia: Budget Statement Paves the Way for e-Invoicing Implementation
Namibia is preparing to implement a VAT electronic invoicing system, aligning with global trends. As part of the 2024-2025 budget statement, the Ministry of Finance