Tax Rules, Mandates and Regulations for Europe

Portugal’s VAT Regime

Since Portugal passed a mini e-invoicing reform in 2019, a lot has happened: non-resident companies were brought into the scope of e-invoicing requirements, deadlines were postponed due to Covid, and new regulations have been published.

EU 2021 One Stop Shop (OSS) VAT E-Commerce Package

From 1 July 2021, the EU will introduce its e-Commerce VAT Package. The package replaces existing distance-selling rules and extends the Mini One Stop Shop (MOSS) into a wider-ranging One Stop Shop (OSS).

SAF-T Norway

At present, the Norwegian SAF-T must only be submitted on demand in connection with an audit. However, it is expected to be extended to areas such as corporation tax.

MyData Greece

Greece introduced a new Continuous Transaction Controls (CTC) scheme, myDATA

SII Spain

In 2020 the tax administration announced a new version of the SII, introducing a ledger to record operations related to the sale of goods in consignment. This came into effect on 1 January 2021.

RTIR Hungary

In 2018, Hungary established a legal framework requiring taxpayers to use a designed schema to report invoice data to the tax authority (NAV) in real-time for domestic transactions above a minimum VAT amount.

France E-Invoicing

France, one of the EU’s largest economies, is introducing Continuous Transaction Controls (CTCs) by implementing a B2B e-invoice clearance and e-reporting obligation, to be rolled out from 2023.

Brexit

UK and EU businesses need to rise to the challenge that Brexit has posed by reviewing their supply chains and VAT records to trade with EU Member States.

SAF-T Poland

Submitting the SAF-T JPK_VAT file and the availability of electronic accounting information is mandatory for all companies operating in Poland, even without a physical office.

E-Transformation Turkey

Turkey’s e-transformation started in 2012 when the Turkish Revenue Authority (TRA) introduced the first e-ledger mandate. Turkish reporting mandates have continued to evolve from that point.

Making Tax Digital United Kingdom

As the End of the Transition Period Looms Large on the VAT Horizon – Businesses Need a Plan-of-Action in Place.