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Understanding-IPT-Prepayments-in-Hungary
Understanding IPT Prepayments in Hungary

Update: 20 May 2024 by Edit Buliczka Hungary Amends IPT Prepayment Rules In January 2024, the Hungarian government modified the prepayment system for the extra profit tax on insurance premium tax (EPTIPT). These amended rules are first applicable at the end of May 2024, when the 2024 EPTIPT prepayment becomes due. According to the new […]

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Spain: Mandatory B2B e-Invoicing Updates

Update: 8 March 2023 by Kelly Muniz Spain launches public consultation for B2B mandatory e-invoicing The Ministry of Economic Affairs and Digital Transformation (Ministerio de Asuntos Económicos y Transformación Digital) has launched a public consultation on the upcoming B2B e-invoicing mandate. The mandate will enable citizens to participate in elaborating norms before its development. This […]

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Insurance-Premium-Tax-Prepayments-Austria-
Insurance Premium Tax Prepayments: Austria

In the next edition of our series of blogs in Insurance Premium Tax (IPT) prepayments, we look at a less familiar regime to many, the Austrian IPT Prepayment. IPT prepayments in Austria Those who are well versed in the IPT sphere will be perplexed at this blog, as they most likely will never have paid […]

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The-Rise-of-E-Transport-Documents-and-The-Hungarian-Approach-EKAER-
The Rise of E-Transport Documents and The Hungarian Approach: EKAER

Many countries have recently started their continuous transaction controls (CTC) journey by introducing mandatory e-invoicing or e-reporting systems. We see more of this trend in the European Union as the recent reports on the VAT in the Digital Age Initiative discuss that the best policy choice would be to introduce an EU-wide CTC e-invoicing system covering […]

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Meet the Expert – Mai Nguyen, Senior Compliance Services Representative

Meet the Expert is our series of blogs where we share more about the team behind our innovative software and insurance premium tax (IPT) compliance services. As a global organisation with indirect tax experts across all regions, our dedicated team are often the first to know about regulatory changes and developments in global tax regimes, to […]

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Poland-Proposed-Amendments-to-the-KSeF-Regulation-
Poland Proposed Amendments to the KSeF Regulation

On 30 August 2022, the Ministry of Finance published draft legislation amending the Regulation on the use of the National e-Invoice System (KSeF). The purpose of the draft amendment is to adapt KSeF’s terms of use to the specific conditions that apply to the local government units and the VAT groups that will operate as […]

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Customer-as-Importer-EU-VAT-Compliance-Implications- (1)
Customer as Importer – EU VAT Compliance Implications

For the UK and other non-EU businesses it’s vital to determine the importer of the goods into the EU as this will impact the VAT treatment. For goods under €150 there are simplified options such as the Import One Stop Shop (IOSS) or special arrangements through the postal operator. However, when supplying goods over €150, […]

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Understanding-IPT-Prepayments-in-Belgium
Understanding IPT Prepayments in Belgium

It’s time to return to Insurance Premium Tax (IPT) prepayments – a continuation of our blog series on this important IPT topic. You can find the first entry in our blog series here. Throughout Europe’s different countries and jurisdictions, IPT is declared and settled in different ways. Monthly, quarterly, biannually – this varies across Member […]

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Colombia: Draft Law Proposes Expansion of E-invoicing Scope

The Colombian tax authority (DIAN) continues to invest in the expansion of its CTC (continuous transaction controls) system. The latest update proposes an expansion of the scope of documents covered by the e-invoicing mandate. In this article we’ll address the newly published Draft Resolution 000000 of 19-08-2022. This advances important changes for taxpayers covered by […]

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Upcoming-Changes-to-UKs-Customs-Systems-
Upcoming Changes to UK’s Customs Systems

It seems such a short time since HMRC sent a reminder letter in March 2022 recalling the upcoming changes to the UK’s customs systems and explaining what to do to prepare for these changes. With the deadline rapidly approaching, here’s a brief recap. The Customs Handling of Import and Export Freight (CHIEF) system, which is […]

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Netherlands-Storage-and-Own-Transport-IPT-Changes-Explained-
Netherlands Storage and Own Transport – IPT Changes Explained

The Dutch government issued an updated Policy Statement for Insurance Premium Tax (IPT) on 12 May 2022. The first of its kind since February 2017, the update is intended to replace the 2017 version in full. While the majority of the content remained consistent, there were notable details pertaining to Netherlands storage insurance and ‘own […]

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Colombian-E-invoicing-Latest-Mandates-
Colombian E-invoicing: Latest Mandates

Update: 14 February 2023 by Andrés Landerretche Colombia Update: P.O.S. Tickets Threshold Rules Now in Force As of February 2023, new rules came into force in Colombia. These are for the issuance threshold of equivalent documents generated by Point of Sale (P.O.S.) systems. As a result, a ticket issued by cash registers with P.O.S. systems […]

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Romania-Extends-SAF-T-Filing-Grace-Period
Romania Extends SAF-T Filing Grace Period

Update: 30 November 2022 by Charles Riordan ANAF Reverses Position on Grace Period Extension Romania SAF-T Filing declarations are changing. The draft order extending the grace period for SAF-T will not be implemented. The President of ANAF has confirmed that decision. The extension originally supported large taxpayers who have had to submit SAF-T since 1 […]

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Italian Transfer Pricing Adjustments and VAT
Italian Transfer Pricing Adjustments and VAT

In Italy, the discipline of transfer pricing states that in intra-group transactions between entities from different countries, where one is resident in Italy, transactions must take place on an arm’s length basis. In other words, transactions are based on freely competitive prices and under comparable circumstances. Companies carefully treat the transfer pricing adjustments from a […]

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European IPT Prepayment Guidelines
European IPT Prepayment Guidelines

There are some countries across Europe where declaring and settling insurance premium tax (IPT) and parafiscal charges on time is not enough to prevent late payment penalties. You may ask why. Or you may say it’s unfair. The answer is simple. Some European countries collect insurance premium tax and parafiscal charges or part of them […]

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VAT in the Digital Age: Mandatory E-invoicing in the EU

The European Commission (EC)’s action plan for fair and simple taxation – ’VAT in the Digital Age’- continues to progress. After a public consultation process, the EC has published Final Reports discussing the best options for the European market to fight tax fraud and benefit businesses with the use of technology. The areas covered are: […]

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Meet the Expert - Hector Fernandez, Principal Compliance Tax Services Representative
Meet the Expert – Hector Fernandez, Principal Compliance Tax Services Representative

Meet the Expert is our series of blogs where we share more about the team behind our innovative software and managed services. As a global organisation with indirect tax experts across all regions, our dedicated team are often the first to know about regulatory changes and developments in global tax regimes, to support you in your […]

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Italian-Import-Documents-Become-Electronic
Italian Import Documents Become Electronic

The Italian Customs Authorities recently updated their national import system by applying the new European Union Customs Data Model (EUCDM). These new changes came into effect on 9 June 2022. According to the new procedure, the old model of paper import declarations has been abolished. The import declarations are now transmitted to the Italian Customs […]

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