Tax Rules

Poland VAT Compliance

VAT Compliance in Poland: An Overview for Businesses Poland VAT compliance can be a tall task for those yet to devise a future-proof strategy. Considering

Romania VAT Compliance

VAT Compliance in Romania: An Overview for Businesses Romanian VAT Compliance can be described as a layered system conflated with different declarations and requirements, from

Dominican Republic e-invoicing

Dominican Republic e-invoicing The Dominican Republic is just one of the many nations that are turning to e-invoicing. From 2024, established taxpayers will be required

Poland SAF-T Framework

Poland SAF-T framework Poland is one of many countries to use the Standard Audit File for Tax (SAF-T) to streamline tax compliance and reporting for

Romania E-invoicing

Romania e-invoicing E-invoicing in Romania is developing fast. With a current B2G and High Fiscal Risk B2B mandate already in place and a new obligation

Romania SAF-T

Romania SAF-T declaration Since 2022, medium and large taxpayers in Romania have had to report their VAT electronically to the tax authority under the international

Spain e-invoicing: What you need to know

Spain e-invoicing: What you need to know Spain e-invoicing Spain is one of many European countries to adopt e-invoicing for taxpayers. With several standards to

VAT Compliance Spain

VAT Compliance in Spain for Businesses Recent tax updates in Spain: • B2B e-invoicing draft regulation published• New invoicing requirements draft regulations• A quick guide

Japan’s Tax System

Japan’s Tax System Japan’s Tax System Starting with the introduction of a multiple tax rate system in 2019, Japan is in the middle of a

Serbia’s E-Invoicing System

Serbia E-invoicing Serbia is in the process of introducing mandatory e-invoicing for all taxpayers Following other Eastern European countries such as Poland and Romania, Serbia

Indonesia E-invoicing

Indonesia E-invoicing Indonesia made e-invoicing mandatory for all VAT-registered taxpayers on 1 July 2016, expanding upon its initial e-Faktur rollout in Bali and Java from

Israel E-invoicing

Israel e-invoicing Israel is set to implement a continuous transaction controls (CTC) model that will require businesses to submit invoice data in electronic format for

SAF-T mandates: Lithuania’s VAT Modernisation

Lithuania’s VAT Requirements Lithuania’s SAF-T Mandates Framework Seeking to modernise and digitize its tax systems, the Lithuanian Customs Office of the State Tax Inspectorate announced

Thailand Electronic Invoicing Enhancements

E-Invoicing Thailand: New Approach New regulations for Thailand’s e-tax invoicing solutions and receipts expected soon Thailand’s current e-invoicing legal framework has been in effect since

Luxembourg VAT Requirements

Luxembourg VAT Requirements VAT in Luxembourg Luxembourg is one of many European countries to implement SAF-T and e-invoicing to provide greater visibility into a wide

Slovakia Continuous Transaction Control Mandates

Slovakia E-invoicing The modernisation of tax and tax controls remains a high priority for Slovakia’s tax authority. The Slovakian Ministry of Finance plans to introduce

Philippines VAT Requirements

Philippines VAT Requirements There have been improvements in recent years to VAT revenue collection in the Philippines, but there are a considerable number of exemptions

China’s E-Invoicing Regime

China E-Invoicing China’s VAT digitization journey began nearly two decades ago with the rollout of a tax regime called the Golden Tax System. This created

Tax in Romania: All You Need to Know

Tax in Romania: All you need to know about Romania’s VAT regime Romania introduces measures to digitally transform its tax administration and close the VAT

Saudi Arabia E-Invoicing

Saudi Arabia – E-Invoicing Saudi Arabia leads the way to continuous transaction controls in the Gulf Saudi Arabia e-invoicing from December 2021 Saudi Arabia introduced

The 2021 EU E-Commerce VAT Import One Stop Shop (IOSS)

The VAT Import One Stop Shop (IOSS) Simplify EU VAT with IOSS in one single return The Import One Stop Shop (IOSS) is here. Simplify your EU

Portugal’s VAT Regime

Portugal’s VAT Regime Portugal pushes further ahead with VAT digitization Back in 2019, Portugal passed a mini e-invoicing reform consolidating the country’s framework around SAF-T reporting and

E-Invoicing India

India E-Invoicing: All You Need to Know Under India’s Goods and Services Tax (GST) framework, the country’s e-invoicing system falls under the category of continuous

Electronic Tax Invoices South Korea

South Korea E-invoicing South Korea was one of the first countries to adopt e-invoicing, introducing e-Tax, its Electronic Tax Invoice System, in 2010. E-invoicing in

E-Invoicing (Mexico)

Electronic invoicing in Mexico Mexico has one of the most complex electronic invoicing systems in Latin America. Its scheme, Comprobante Fiscal Digital por Internet (or

E-Invoicing (Colombia)

Electronic invoicing in Colombia Electronic invoicing in Colombia, often called Colombia facturacion electronica, is mandated for established taxpayers. While it was an early mover in

E-Invoicing (Brazil)

Electronic invoicing in Brazil Brazil is widely regarded as a major player in the world of electronic invoicing, largely due to the sheer number of

SAF-T Norway

VAT in Norway: All you need to know about Norway’s SAF-T Requirements Norway’s SAF-T reporting requirements are evolving as tax continues to digitize ReformDesigned to

Making Tax Digital (United Kingdom)

Making Tax Digital: All You Need to Know What is Making Tax Digital? Making Tax Digital is part of the UK government’s plans to reduce

Spain SII | All You Need To Know | Sovos

SII Spain: An Overview SII Spain: Suministro Inmediato de Información SII Spain is an electronic VAT system that affects thousands of large companies across the

RTIR Hungary

Tax in Hungary: All you need to know about RTIR Hungary RTIR Hungary In 2018, Hungary established a legal framework requiring taxpayers to use a

E-invoicing France France will implement mandatory B2B e-invoicing, as well as an e-reporting obligation. This mandate impacts all companies operating in France. This new e-invoicing mandate is complex

myDATA Greece

Greece myDATA In 2020, Greece introduced a continuous transaction controls (CTC) scheme, called myDATA – an e-audit system. myDATA requires taxpayers to transmit transactional and

Italy E-Invoicing

E-invoicing Italy: All you need to know Italy was the first country in the region to introduce a clearance e-invoicing model with the Sistema di

E-Transformation Turkey

What is Turkey’s E‑Transformation? While many governments and tax authorities are now on an e-Transformation journey, this trend began in Latin America in the early

BREXIT VAT

Post-Brexit: Businesses Must Have a VAT Compliance Plan-of-Action in Place Post-Brexit is here UK and EU businesses need to rise to the VAT compliance challenge

The 2021 EU E-Commerce VAT Package

The 2021 EU E-Commerce VAT Package and One Stop Shop (OSS) Simplifying cross-border B2C trade in the EU From 1 July 2021, the EU introduced

Tax Rules, Mandates and Regulations