Regulatory Analysis
As shared earlier, Angola was drafting legislation to introduce mandatory invoicing through certified software alongside an electronic invoicing mandate for taxpayers under the General and Simplified VAT regimes. On 20 March 205, the country adopted the law, introducing mandatory invoicing, whether electronic or not, to be issued through certified software. Additionally, mandatory e-invoicing applies to […]
On March 24th, the French Senate approved a Draft Law postponing the deadlines of the French e-invoicing mandate. A Broader Impact Than Expected Contrary to initial interpretations suggesting that the amendment would only delay the requirement for medium and small businesses to issue electronic invoices, the draft Law actually postpones the e-invoicing mandate in its […]
On 25 March 2025, the VAT in the Digital Age (ViDA) package was officially published in the Official Journal of the European Union amending the following legal instruments: The EU VAT Directive The Regulation on the VAT administrative cooperation The VAT Implementing Regulation concerning requirements for certain VAT schemes These amending acts will enter into […]
The Belgian Federal Public Service Finance has clarified on its website that the obligation to receive structured electronic invoices will not apply to non-established VAT-registered companies in Belgium (i.e., those without a fixed establishment). This change will impact the B2B e-invoicing mandate that will come into force on January 1, 2026, however may be subject to change […]
The Knesset (Israeli Parliament) Finance Committee has approved a series of tax measures aimed at reducing black capital, as part of the Economic Efficiency Law linked to the state budget. A key change is the proposal to lower the transaction threshold that triggers the CTC clearance obligation, which requires taxpayers to obtain an allocation number […]
The European Parliament has approved the VAT in the Digital Age (ViDA) proposal, bringing it one step closer to official adoption. The proposal will now head to the Council of the EU for final approval, marking a key step in the effort to modernize VAT systems throughout the European Union. ViDA is a tax reform […]
Slovenia has introduced a new obligation for all VAT-registered taxpayers to prepare and submit VAT ledgers in addition to the existing VAT return requirements. This new reporting requirement will take effect from 1 July 2025. Taxpayers will be required to submit separate ledgers for output and input transactions. The VAT ledgers must be submitted monthly, in […]
The Italian Revenue Agency (Agenzia delle Entrate) has announced important updates to the Italian mandatory e-invoicing “FatturaPA” technical specifications and schemas. The technical documentation has been updated to version 1.9 and will be effective from 1 April 2025. A summary of the main changes introduced by this updated version are as follows: · Introduction of Document […]
Belgium’s new coalition government has announced plans to introduce a complementary reporting requirement alongside the existing B2B e-invoicing mandate. With the current e-invoicing system operating through the 4-corner Peppol network, there was speculation that a 5-corner model would follow. The recent announcement confirms this, stating that e-invoicing systems, cash registers, and payment systems will be […]
Serbia has published amendments to the Value Added Tax (VAT) Law introducing pre-filled VAT returns. The law was published in the Official Gazette of the Republic of Serbia no. 94/2024. A pre-filled tax return is defined as a set of data relating to the turnover of goods, trade in services, import of goods and other transactions […]
On January 16, the authority reported that the consumer’s information regarding the consumer’s name, surname, address and identification number (CUIT, CUIL, CDI, identity document, passport or identity card) must be included in the receipt in the following cases: When the receipt is issued for a value of $ 417,288 or more, if the payment is […]
The Resolution of the Deputy National Superintendence of Internal Taxes No. 000046-2024-SUNAT/700000 was published in the Official Gazette on December 31, 2024. The resolution extends the discretionary power to sanction the transportation of goods and/or passengers, as well as the remittance of goods with documents that do not meet the requirements and characteristics to be […]
The standard VAT rate in Israel is increasing from 17% to 18% from January 1, 2025. This measure was introduced in early 2024 and was confirmed by the Israeli Tax Authority on December 5, 2024. The announcement can be found here (in Hebrew).
The Finnish Government approved an increase in the reduced VAT rate from 10% to 14% from January 1, 2025. Goods and services currently subject to the 10% reduced VAT rate will be subject to the 14% rate, excluding supplies of newspapers, magazines, and broadcasting services that will remain at the 10% rate. Children’s diapers and […]
Through General Resolution 5614/2024, the Customs Control and Collection Agency (ARCA) regulated the tax transparency regime established through Law 27743, which will come into force on January 1st, 2025. The regulation establishes all receipts must have a line detailing the amount corresponding to the value added tax and, when issued by a large company, they […]
The proposed amendments to Romania’s e-invoicing, e-transport, and e-VAT legislation have been officially adopted through Government Emergency Ordinance (GEO) no. 138, published on December 4th. The adopted ordinance largely reflects the provisions outlined in the draft GEO. Key updates include: E-invoicing Simplified invoices are no longer excluded from scope of mandatory e-invoicing and reporting requirements […]
This law in general terms establishes the possibility of exceptionally regularizing tax obligations through forgiveness, and payment facilities for the different taxes. With regard to obligations in terms of electronic invoicing, the only Title that has an impact is TITLE VII of the Consumer Tax Transparency Regime. This Chapter establishes a modification to the VAT […]
Pursuant to amendments published in the Official Gazette of Montenegro No. 94/2024 on September 30, 2024, a new reduced VAT rate category of 15% is introduced and the scope of supplies subject to the 7% reduced rate is adjusted from January 1, 2025. The 7% VAT rate will apply to essential goods, including basic food […]