Bulgaria: e-Transport system implemented
The Bulgarian Tax Authority National Revenue Agency (NRA) has implemented a mandatory regime for the preliminary declaration of data on the transportation of high fiscal
Solution: VAT & Fiscal Reporting
Podcast: The Role of Data within Tax Administrations & Digitized Economies
As governments move more aggressively to close the tax gap and create alignment between their tax administrations and businesses through digitization, data has become a central theme for organizations and overseers alike.
Value Added Tax
eBook: The Role Of IT In The Face Of New Regulations and Mandates
Governments are now moving aggressively to close the gap between their tax administrations and businesses by taking advantage of digital tools. The result is a set of diverse and accelerating mandates, forcing businesses to adjust their systems and processes and provide data. The key to this is data standardization – no more tax at the backend of the process – you must solve tax at a point in time. By moving tax controls much closer to the actual business operation, tax administrations can also respond to anomalies in near-real-time.
Greece myDATA: Extension of reporting deadlines & other changes
A joint decision of the Ministry of Finance and the tax authority, AADE, published on October 31, 2023, introduced certain amendments to the myDATA framework:
Singapore: Mandatory e-invoicing based on Peppol
In the Forum of Tax Administration held in October 2023 in Singapore, the government confirmed they will adopt InvoiceNow, the national e-invoicing framework based on
Serbia: Amendments to the Law on E-Invoicing via SEF
The amendments to the Law on Electronic Invoicing via SEF were adopted by the National Assembly of the Republic of Serbia and published in the
Value Added Tax
Manufacturing in the EU: VAT Insights and Future-Proofing Strategies
EU-based companies must grapple with VAT charges on a myriad of goods transactions within the EU. As a manufacturing company, this intricate web of varying
Poland: proposed changes to the VAT return in relation to KSeF
On October 24, 2023, the Ministry of Finance in Poland published draft legislation amending the regulation on the scope of data included in the country’s
Value Added Tax
Mastering E-invoicing in the Dominican Republic: Navigating Mandates and Choosing the Right Provider
Join us for our upcoming webinar on E-invoicing in the Dominican Republic for businesses aiming to navigate the digital landscape. As part of this discussion, we
Israel: Updated timeline of invoice clearance model
Israel is implementing a Continuous Transaction Controls (CTC) regime which was initially scheduled to roll out on January 1, 2024. On October 23, 2023, the
Mauritius: E-invoicing regulations published
Mauritius is now among the countries that have embraced mandatory e-invoicing, bringing forth robust technical standards for taxpayers. This transformation was initiated through the Finance
MEXICO: The authority announces, among other adjustments, the mandatory dates of the Carta Porte supplement version 3.0.
The tax authority through the First Anticipated Version of the 8th Resolution of Modifications to the Miscellaneous Tax Resolution for 2023 among others, modifies the
Value Added Tax
Greece’s VAT reform: What you need to know
Greece’s VAT reform started back in 2020 and it has manifested itself in three continuous transaction control (CTC) initiatives. Namely, the initiatives are: myDATA e-audit
Value Added Tax
Regulatory Compliance: Cost or Opportunity Center?
As a business, complying with local laws, rules and mandates is not optional, but a requirement to operate. Achieving this takes resources: human, technical and
Estonia takes steps towards mandatory e-invoicing
Estonia is planning changes to its Accounting Act to implement a customer-imposed B2B e-invoice mandate in accordance with the European e-invoicing standard. The intended changes
Canary Islands: Reduced VAT Rates on Face Masks and Gloves Expires September 30, 2023
Pursuant to Decree Law 4/2023, the zero-rate VAT rate that temporarily applied to supplies of face masks and gloves expired on September 30, 2023. The
Value Added Tax
5 Reasons Point Solutions Don’t Equal Compliance Management
Credit.org recently released an excellent article on the five dangers of credit card use. In reviewing the factors that author Melinda Opperman puts forth, it
Germany: Clarifications shared by the Ministry of Finance on B2B e-invoicing plans
The Federal Ministry of Finance (MoF) has recently shared additional information on electronic invoicing which is among the proposed tax measures included in the Growth