Electronic Invoicing
The Future of E-Invoicing in Europe
Several EU Member States have been introducing continuous transaction controls (CTCs), aiming to close their VAT gaps, increase revenue and have more control over the
Category: Value Added Tax
Value Added Tax
Sovos Expands VAT Determination Capabilities for Customers with Complex Supply Chains
Earlier today, Sovos announced the acquisition of TLI Consulting, a German company that serves companies with transaction and tax determination needs that are too complex
Tax Compliance
Norway – 2022 Digital VAT Return Coming Soon
As we inch closer to the implementation date of 1 January 2022 for Norway’s new digitized VAT return, let’s take a second look at the
Value Added Tax
France: Two New Declarations to Replace the DEB
As of 1 January 2022, the Declaration of Exchange Goods (DEB) will be replaced by two new declarations, a statistical survey and a VAT summary
Value Added Tax
Spain: New Timelines for the Adoption of TicketBAI in the Basque Country
The Provincial Council of the Gipuzkoa region in the Basque Country recently published Foral Order 608/2021. This establishes the schedule for adopting the TicketBAI (TBAI)
Value Added Tax
Analysis: The Import One Stop Shop (IOSS) Four Months On
The European Commission (EC) introduced the Import One Stop Shop (IOSS) on 1 July 2021 to simplify the accounting for VAT on goods imported into
Tax Compliance
Romania SAF-T: New Guidance for Submission Deadlines
In previous blogs, we’ve taken a deep dive into Romania’s new SAF-T requirements. In the latest guidance released this week, the tax authority has provided
Electronic Invoicing
Turkey Expands Scope of E-Documents
The Turkish Revenue Administration (TRA) published a Draft Communique that includes significant changes to the Tax Procedure Law General Communique No. 509, which initially aimed
Tax Compliance
Romania E-Invoicing Mandates and Updates
Update: 8 November 2024 by Inês Carvalho Romania: Mandatory B2C e-reporting from 2025 The scope of electronic invoicing in Romania has been expanded to include
Value Added Tax
VAT Obligations for Event Organisers – top tips in 4 minutes
After a tumultuous 18 months due to COVID-19, the events industry is finally bouncing back. When organising events online and in-person it is important to
Value Added Tax
B2G e-Invoicing and PEPPOL in Europe and Beyond
Electronic invoicing is rapidly becoming a standard business process. Governments are pushing for the adoption of B2G invoicing to optimize the public procurement process and
Electronic Invoicing
Germany: Mandatory B2B E-Invoicing
Update: 25 June 2024 by Dilara İnal Ministry Publishes Draft Guideline on B2B E-Invoicing The German Ministry of Finance (MoF) released a draft guideline on
Value Added Tax
Understanding VAT Obligations When Organising European Conferences and Events
Regardless of where the event, conference or exhibition is held, there will be VAT obligations to be met. For event organisers, understanding these VAT requirements
Tax Compliance
Romania SAF-T: Updated Guidance Released
In our last look at Romania SAF-T, we detailed the technical specifications released from Romania’s tax authority. Since then, additional guidance has been released including
Electronic Invoicing
Greece’s myDATA Mandate Live From 1 October With a Revised Timeline
The myDATA mandate finally went live on 1 October 2021 for most taxpayers after several postponements (and lobbying for a further postponement). The Greek authorities
Value Added Tax
How to Determine Your EU VAT Obligations
In our previous blog, we focused on VAT registration and the steps a business needs to go through to determine where it needs to be
News
Poland: JPK V7M/K Schema Changes from 1 January 2022
Poland implemented its version of a mandatory SAF-T file (the JPK_V7M/K reports) back in October 2020. Since then, businesses must submit detailed information on invoices,
Value Added Tax
EU E-Commerce VAT Package FAQs: Understanding IOSS and Imports
The EU e-commerce VAT Package is here. The new schemes, One Stop Shop (OSS) and Import One Stop Shop (IOSS) bring significant changes to VAT