Regulatory Analysis
Slovakia published draft legislation amending the VAT Act (Act No. 222/2004 Coll.) to transpose Council Directive on VAT in the Digital Age. The draft law introduces mandatory structured e-invoicing and real-time digital reporting of invoice data. It aims to strengthen the fight against tax fraud, improve VAT compliance, and align Slovakia with the EU’s harmonized […]
The Egyptian Tax Authority (ETA) has issued Resolution No. 281 of 2025, which governs the implementation of the next phase of Egypt’s electronic receipt system. This resolution specifically targets taxpayers registered at the Sixth District (El-Sadis) and Fifth Settlement (El-Tagamo El-Khamis) tax offices in Cairo whose names appear in the annex attached to the decision. […]
After months of anticipation, the Polish Parliament has approved the KSeF 2.0 Act, which now awaits the President’s signature and official publication in the Polish Journal of Laws. This milestone legislation revises the National e-Invoicing System (Krajowy System e-Faktur, or KSeF), scheduled to become mandatory from February 2026 for the first group of affected taxpayers. […]
Greece adopts mandatory B2B e‑invoicing legislation On 25 July 2025, the Greek Parliament adopted the National Customs Code and Other Provisions – Pension Regulations law (published in the official gazette of the government with number ΦΕΚ 134 Α΄/28.7.2025), amending Article 14 of Law 4308/2014 and establishing a mandatory electronic invoicing regime. Scope and requirements Electronic […]
Effective July 14, 2025, the German Ministry of Finance (BMF) issued an amendment to the GoBD (German Principles on Bookkeeping), aligning the country’s digital archiving requirements with the upcoming mandatory B2B e-invoicing as of January 1, 2025. The update provides long-awaited clarity for taxpayers and software providers regarding the format, retention, and machine readability requirements […]
The Canary Islands Tax Agency (Agencia Tributaria Canaria) has proposed amendments to expand its SII (Suministro Inmediato de Información) obligation to include multiple taxes beyond IGIC (General Indirect Canary Tax). The proposal is still in draft, nevertheless the technical specifications around it have already been disclosed. All businesses currently using the SII system for IGIC […]
The Turkish Revenue Administration (Gelir İdaresi Başkanlığı) has announced an extension to the implementation deadline for implementing the requirements contained in the “Technical Guide for Invoices Related to Medication and Medical Device Deliveries”. Under the updated timeline: The deadline for implementing the technical requirements has been extended from 30 June 2025 to 1 October 2025 […]
On 17 June 2025, the Lithuanian Parliament adopted Law No. XV-283, introducing a new Security Contribution (SD) on non-life insurance premiums. The measure aims to support the National Defence Fund and is aligned with the EU Solvency II Directive (2009/138/EC). The new SD regime applies to both domestic insurers and foreign insurers operating in Lithuania […]
The Federal Inland Revenue Service (FIRS) has confirmed in a July 2025 notice that its National E-Invoicing Solution, based on the Merchant-Buyer model, will become mandatory for large taxpayers beginning 1 August 2025. This follows a successful pilot phase that began in November 2024. Under the mandate, by the deadline above, all businesses with annual […]
The Tunisian Ministry of Finance has published General Memorandum No. 10 of 2025, explaining Article 71 of Law No. 48 of 2024 (Finance Law for 2025). The Memorandum outlines new penalties and enforcement measures designed to strengthen compliance with Tunisia’s Continuous Transaction Control (CTC) electronic invoicing system, which was established in 2016 and is managed […]
A draft law was recently submitted to Parliament by the Ministry of Finance, proposing amendments that would establish a mandatory e-invoicing regime for business-to-business (B2B) transactions. Scope The draft mandate will introduce the obligation to issue e-invoices for a) B2B transactions within Greece between entities subject to Greek accounting rules and b) exports to third […]
On 14 July 2025, the Belgian government published a Royal Decree providing essential clarifications on the upcoming B2B e-invoicing mandate. The main clarifications are the following: Mandatory Format The European semantic and syntactic standards must always be complied with. Preference should be given to Peppol BIS in the UBL version (basic standard) and transmited via the Peppol […]
On 8 July, the Council of the European Union adopted the final legal acts paving the way for Bulgaria to join the euro area on 1 January 2026. This decision follows Bulgaria’s successful fulfilment of all economic and legal convergence criteria set out in the Maastricht Treaty. With this decision, Bulgaria is set to become […]
Following the release of the finalized B2B e-invoicing guidelines in October 2024, the German Ministry of Finance (MoF) has published a draft letter introducing several important clarifications and amendments. These updates aim to further define the scope and practical implementation of the e-invoicing mandate which went live back in January 2025. I. Key Clarifications on […]
Greece’s Independent Authority for Public Revenue (AADE) has issued Circular Ε.2030/2025 clarifying the application of Ministerial Decision A.1123/2024 on the e-transport framework. The circular confirms when a e-transport document is required and who must issue it. Key clarifications include: Obligation applies to all entities that move inventory (senders, carriers, and third-party senders) Issuer responsibilities clarified […]
On June 4, 2025, the European Commission and the European Central Bank each published convergence reports approving Bulgaria’s capacity to adopt the euro. This was in response to Bulgaria’s request for a convergence assessment on February 25, 2025. The reports indicate that Bulgaria could adopt the euro as early as January 1, 2026. While this […]
Greece’s Independent Authority for Public Revenue (AADE) has issued Circular Ε.2030/2025 clarifying the application of Ministerial Decision A.1123/2024 on the e-transport framework. The circular confirms when a e-transport document is required and who must issue it. Key clarifications include: Obligation applies to all entities that move inventory (senders, carriers, and third-party senders) Issuer responsibilities clarified […]
Since 1 July 2025, Portugal has implemented automatic VAT returns for domestic taxpayers. This new feature, aimed at easing the tax filing process for domestic businesses, will allow them to submit pre-filled VAT returns, simplifying compliance and minimizing the risk of errors. How It Works: Provisional VAT Return: PTA generates a draft return based on […]