The Ledger of Economic Operations (Libro Registro de Operaciones Económicas), also known as LROE, is a main compliance element of the Batuz tax control system. This system is under implementation in the province of Bizkaia, located in the autonomous Basque community in Spain. Taxpayers under the Batuz mandate must comply
What is TicketBAI? TicketBAI is a joint project of the Provincial Treasuries and the Government of the Basque Country with the objective of implementing a series of legal and technical obligations for the taxpayers’ invoicing software. These obligations allow the tax authorities to control their economic activities, especially those in
5 Questions to Ask Yourself Note: The Finance Law for 2024 has been officially adopted and published in the Official Gazette on 30 December 2023. Our blog, France: B2B E-Invoicing Mandate Postponed, is promptly updated whenever there are changes to the rollout of the French mandate. Tax compliance in France
Northern European Jurisdictions: CTC Update The European Commission’s VAT in the Digital Age (ViDA) proposal continues to unfold with the latest details published on 8 December 2022. As a result, many EU countries are stepping up their efforts towards digitising tax controls – including mandatory e-invoicing. While we see different
The EU Commission’s VAT in the Digital Age proposals include a single VAT registration to ease cross-border trade. Due to enter into force on 1 July 2028 (1 January 2027 for electricity, gas, heating and cooling), the proposal is part of the commission’s initiative to modernise VAT in the EU. The single VAT
Important update: EU Member States today reached political agreement on the ViDA proposal Read full story here VAT in the Digital Age: Your Guide The VAT in the Digital Age (ViDA) package has been officially adopted and will substantially change how trade within the EU is conducted and reported. The
What is the EU VAT Reform? Aimed at making life easier for businesses, the EU E-Commerce VAT Package simplifies the VAT reporting requirements when trading across European Union Member States. This package is part of wider EU VAT reform. Our live blog collates vital information on the package, with updates
VAT Determination – Sales Improve efficiency and reduce tax compliance risk with intelligent automation Speak to an expert Automate VAT determination for sales invoices Multijurisdictional supply chains cause complexity for VAT determination decisions, for both tax and IT teams. Accuracy of sales invoices is a key element of the determination
VAT Determination – Purchasing Strengthen audit compliance and improve invoice verification accuracy Automate the purchase invoice validation process Complex supply chains come with transactional complexities. For multinational companies trading across multiple borders and between many VAT-registered businesses, VAT determination decisions can be difficult to get right every time. Incorrect VAT
All European countries charge VAT on goods and services. VAT is a consumption tax added during each production stage of goods or services. Although VAT is near-universal according to the EU VAT Directive, VAT rates within the EU do differ. This is because the EU VAT Directive allows Member States
Your guide to the EU VAT e-commerce package The EU VAT e-commerce package changed VAT rules for cross-border trade. While the package makes life simpler and fairer for all, the details can be complex. This guide helps you to: Make the right decisions for your business Say goodbye to buzzwords,
Tax has always been challenging and ever-changing VAT regulations across Europe add to the complexity, requiring technology adoption to support compliance- related activities. It’s time for businesses to evaluate how efficiently they’re handling their VAT compliance obligations. We created this checklist to help you assess whether you already have an
EVENT Sovos European Roadshow Amsterdam → London → Paris Sovos is going on the road Cross-border business creates complex tax transactions and organisations must stay ahead of the curve as the digitization of tax expands around the globe. Meet our experts at one of our face-to-face roadshow events where we
EVENT Sovos European Partner Roadshow Amsterdam → London → Paris Sovos is going on the road Cross-border business creates complex tax transactions and organisations must stay ahead of the curve as the digitization of tax expands around the globe. Meet our experts at one of our face-to-face roadshow events where we will
Acquisition holds immediate benefit for customers with complex supply chains and footprints across Europe; furthers Sovos’ long-term global tax engine strategy BOSTON – December 6, 2021 – Global tax software provider Sovos today announced it has acquired Germany-based TLI Consulting GmBH. The move significantly advances Sovos’ value-added tax (VAT) determination
Electronic invoicing in Poland via KSeF has undergone a long journey. Providing new expectations for B2B and B2G transactions alike, it is vital for taxpayers to understand what’s to come – though that can be tough when rules and regulations change frequently. This blog provides a comprehensive timeline of Poland’s
New bookkeeping law – Lov om bogføring On 19 May 2022, the Danish Parliament passed a new bookkeeping law – Lov om bogføring – introducing requirements for companies to use a digital bookkeeping system. Section 16 of the Law requires many Danish companies to use a digital bookkeeping system and make
Update: 3 November 2022 by Russell Hughes Making Tax Digital – Filing VAT Returns through Online VAT Account to become redundant From Tuesday 1 November 2022, businesses filing VAT returns in the UK will no longer be able to submit via an existing online VAT account unless HMRC has agreed