Regulatory Analysis

Posted November 21, 2022 by Dilara İnal
Germany takes a step forward to implement mandatory e-invoicing

German government has previously announced its ambition to introduce a uniform nationwide electronic reporting system that will be used for the issuance and validating of invoices as well as forwarding them to buyers. German ministry of finance announced during the IDSt-Conference Digital Transformation in VAT held on 16th of November 2022 that Germany has applied for […]

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Posted November 17, 2022 by Stephanie Melhem
Luxembourg VAT Rates Decrease effective 1 January 2023

The Official Newspaper of the Grand Duchy of Luxembourg publish an amendment on October 26, 2022, regarding changes to the VAT rates. The standard VAT rate will be decreasing to 16%, the reduced-rate will be decreasing to 13%, and the super-reduced-rate will be decreasing to 7% effective January 1, 2023. These are temporary decreases that […]

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Posted November 17, 2022 by Marta Sowińska
Serbia: Draft Law on Amendments to the Law on Electronic Invoicing

On November 9, the Serbian Ministry of Finance published a Draft Law on Amendments to the Law on Electronic Invoicing. The main changes concern: Scope: Natural persons who are not liable for income tax from self-employment in the sense of the law governing personal income tax will be excluded from the provisions of this law. […]

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Posted November 2, 2022 by Andrew Decker
United Kingdom Applies Zero-Rate VAT to Children’s Face Mask

HMRC has issued a new policy paper, Revenue and Customs Brief 11 (2022): VAT and children’s face masks, announcing a shift in their policy regarding children’s face masks. Children’s face masks are now considered children’s clothing and therefore qualifies for the application of a zero-rate of VAT. For the zero-rate to apply the masks must […]

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Posted October 27, 2022 by Enis Gencer
Greece introduces mandatory B2G e-invoicing

On 23 September 2022, Law 4972/2022 was published in the Official Gazette of Greece, amending the provisions of Law 4601/2019 that establish the framework concerning electronic invoicing in public contracts. According to amendments, economic operators must submit electronic invoices following the European standard for issuing electronic invoices for the execution of public contracts, which entails a […]

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Posted October 19, 2022 by Selin Adler Ring
France: Further details on the upcoming E-invoicing and E-reporting system are published

The French authorities published new legal documentation that provides details on the overall French Mandate requirements. Some of them, especially with regard to the obligations of the Partner Dematerialization Platform (PDP) operators and e-reporting deadlines, were long-awaited.  Decree No. 2022-1299 provides requirements and obligations of the Partner Dematerialization Platform (PDP) operators and the Invoicing Public Portal (PPF), the […]

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Posted October 5, 2022 by Enis Gencer
Romania changes the fiscal inspection rules after the introduction of digitization projects

On 30 September 2022, the Romanian Ministry of Finance published a draft Government Emergency Ordinance, including various amendments to various regulations. One of the important changes envisaged in the draft GEO is regarding the rules on fiscal inspections. While the fiscal inspections are carried out on the work premises of the taxpayers’ premises, as per Article 125 […]

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Posted October 3, 2022 by Enis Gencer
Denmark: Detailed requirements for digital accounting systems have been published

The Danish Business Authority, Erhvervsstyrelsen, has prepared drafts for three executive orders concerning the new digital bookkeeping requirements. The below draft orders lay down the detailed requirements for digital accounting systems and rules for registration of these systems: Draft executive order on notification, registration, publication, etc. of digital standard bookkeeping systems Draft executive order on requirements for […]

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Posted September 28, 2022 by Edit Buliczka
Croatia: Adoption of the Euro

On 12 July 2022 a Council Regulation of (EU) 2022/1207 was issued amending Regulation (EC) No 974/98 regarding the introduction of the Euro in Croatia from 1 January 2023. A fixed conversion rate between the Kuna and Euro has been confirmed, being set at 1 € = 7.53450 kn. Based on the communication from the […]

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Posted September 22, 2022 by Enis Gencer
Romania Postpones the e-Transport Fines to 2023

The Romanian Ministry of Finance has announced another delay to e-transport requirements for high-fiscal risk products by issuing a draft emergency ordinance (“GEO”) on 21 September 2022. The fines had already been delayed from July 2022 to October 2022, but this time the entry into force has been postponed to January 2023. Another significant change […]

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Posted September 16, 2022 by Enis Gencer
Greece: Recent Changes to MyDATA System

The Independent Authority for Public Revenue (IAPR) has made some updates to the MyDATA system in recent weeks, including technical and regulatory changes. The changes include the following: The Ministerial Decision A.1138/2020 was amended by Decision A. 1090/2022, which includes changes regarding the obligation to transmit data to the myDATA digital platform. As a result, […]

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Posted September 5, 2022 by Marta Sowińska
Poland: Draft Legislation Amending the Regulation on the Use of KSeF was Published

On the 30th of August, the Ministry of Finance published a 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 […]

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Posted August 3, 2022 by Robert Pelletier
Romania – SAF-T Filing 2022 – Grace Period Extended

On 1 August 2022, the Romanian National Agency of Fiscal Administration (ANAF) issued a draft order indicating plans to extend the SAF-T filing grace period. The ANAF previously granted a six month grace period to 31 July 2022 for SAF-T filings. The grace period is set to be extended by an additional six months to […]

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Posted August 2, 2022 by Sovos
Slovenia: Fire Brigade Tax Rate Virtually Doubled From 1 October 2022

On 13 May 2022, the Official Gazette of the Republic of Slovenia (no. 68/22) published a decree which amended the Decree on Fire Fee (FBT). The decree came into force on the fifteenth day following its publication and its rules are effective from 1 October 2022. The decree increased the rate of the FBT from […]

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Posted July 21, 2022 by Edit Buliczka
New Policy Statement Was Issued By The Dutch Tax Office

A new policy statement No. 2022-6224 was issued on 12th May 2022 by the Dutch Tax Office. The decree entered into force on 13th May 2022 except for section 3.2 Transport Insurance which will be effective one year later, that is as of 13th May 2023. Although the 11-page decree includes several sections and subsections, […]

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Posted July 7, 2022 by Kelly Muniz
Portugal: Mandatory B2G invoicing for SME’s postponed again

In a recent move, the Portuguese parliament has once again postponed the implementation of mandatory B2G e-invoicing for small, medium and microenterprises. The mandate has been postponed before and was previously set to become effective on 1 July 2022. With the change published in Law Decree 42-A/2022, of 30 June 2022, the postponement now means that […]

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Posted July 5, 2022 by Selin Adler Ring
Saudi Arabia: Recent Updates on the E-invoicing Phase 2

Following the public consultation period, the Zakat, Tax and Customs Authority (ZATCA) in Saudi Arabia has published the amended E-invoicing Implementation Resolution. As previously mentioned, these amendments aim to clarify some requirements (e.g. Cryptographic Stamp, hash, counter etc.) rather than introducing new ones. Moreover, together with the user manual a new Fatoora Platform made available […]

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Posted July 1, 2022 by Enis Gencer
Romania: Penalty Relief for the e-transport system

On 30 June 2022, the Romanian Government issued Act No. 106 and changed the effective date of Articles 13 and 14 of GEO, which established the penalties for non-compliance with the e-transport system requirements. As a result, the Romanian authorities will not implement fines for non-compliance with the e-transport requirements until the new effective date, […]

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