Regulatory Analysis
Russia is raising its Value Added Tax (VAT) rate from 20% to 22%, effective January 1, 2026. On November 28, 2025, the Russian president signed draft law No. 1026190-8, which is now referred to as Law No. 425-F3 (N 425-Ф3). The presidential signature is the final step before the law is published and takes effect.
Earlier this year Kazakhstan passed a new tax code which introduces several VAT changes from January 1, 2026. In particular the Kazakh VAT rate will increase from 12% to 16%. Additionally, the new tax code applies a 5% reduced rate to certain medical products and services until January 1, 2027, at which time the rate […]
The Polish Ministry of Finance has published errata to the informational brochures for JPK_KR_PD (Accounting Books) and JPK_ST_KR (Fixed Assets Records) structures. They clarify the taxpayer categories for the phased implementation of these reporting obligations. The key clarification specifies that the second implementation wave applies to taxpayers obliged to submit JPK_V7M files (monthly VAT filers), […]
The Greek Ministry of National Economy & Finance and the Independent Authority for Public Revenue (AADE) announced yesterday through a joint press release that Phase 2 of the e-transport mandate will be postponed, with mandatory compliance now beginning May 1, 2026 instead of December 1, 2025. Businesses will have a five-month optional period from December […]
The Polish Ministry of Finance (MoF) has expanded the available KSeF resources by publishing comprehensive new information on their website. This latest release includes detailed FAQs and four implementation manuals to support businesses preparing for the mandatory e-invoicing system scheduled to launch on 1 February 2026. KSeF 2.0 Manuals The Ministry has published four complementary […]
Poland’s Ministry of Finance has published draft logical structures for JPK_V7M(3) and JPK_V7K(3) forms to enable businesses to prepare their systems for upcoming changes to JPK_VAT with declaration. The new structures will come into effect on 1 February 2026, aligning with the mandatory implementation date of Poland’s National e-Invoice System (KSeF). The updated logical structures […]
On Friday, August 29, the Polish Ministry of Finance published important news regarding the KSeF (National e-Invoice System). As of 1 September 2025, the KSeF 1.0 Test environment has been officially shut down. Therefore, from now on no further testing can be conducted in KSeF 1.0. In practice, this means that to become a new KSeF user, taxpayers […]
Following the parliamentary approval of the KSeF 2.0 Act, Polish President Karol Nawrocki has signed the legislation on 27 August 2025. With this critical approval, which establishes the implementation timeline for Poland’s mandatory e-invoicing system – KSeF, the law now awaits publication in the Polish Journal of Laws (Dziennik Ustaw) to formally enter into force. […]
Israel has officially introduced changes to its CTC (Continuous Transaction Controls) system, accelerating the implementation timeline for the invoice allocation number request obligation. This obligation requires taxpayers to obtain a unique allocation number from the tax authority for invoices above certain thresholds, ensuring real-time verification of transactions. The changes to the implementation timeline were enacted […]
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. […]
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 […]
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 […]
The Polish Ministry of Finance has opened public consultations on the new logical structures of JPK_VAT with declaration – JPK_V7M(3) and JPK_V7K(3) for monthly and quarterly VAT taxpayers. All VAT-registered businesses in Poland that submit JPK_V7M (monthly VAT returns with declaration) or JPK_V7K (quarterly VAT returns with declaration) will be affected by these changes. The […]
The Polish Ministry of Finance has reached another milestone in the KSeF 2.0 implementation roadmap with the publication of the technical API documentation and FA(3) logical structure on 30 June 2025. This publication enables businesses and software providers to begin preparations for implementing the KSeF 2.0 in the test environment, which aligns with the previously […]
Croatia has approved its new Fiscalization Law, published in the Official Gazette on 13 June 2025. This legislation represents the culmination of the “Fiscalization 2.0” project, expanding the current framework to include mandatory electronic invoicing and CTC (Continuous Transaction Controls) e-reporting in its scope. Key Aspects The law confirms the introduction of a decentralized mandatory […]