Making Tax Digital (MTD) is a UK government initiative aimed at modernizing the tax system and improving compliance by requiring businesses to maintain digital records and submit tax returns electronically. Effective from April 2022, MTD is mandatory for all VAT-registered businesses, with limited exemptions available. Making Tax Digital (MTD) is a UK government initiative designed to modernize th... Read more

Starting January 1, 2025, Slovenia will implement VAT Act amendments, including raising the VAT registration threshold from €50,000 to €60,000 to reduce the compliance burden on small businesses. Sugary beverages will be taxed at the standard 22% VAT rate, aligning with public health goals, while vending machine sales will also generally be subject to VAT. Read more

Bulgaria is on track to adopt the euro by January 1, 2026, as it meets key Maastricht criteria, including inflation stabilization, a low debt-to-GDP ratio, and a manageable budget deficit. Economic experts highlight ongoing preparations despite political challenges, with inflation consistently below 3% and other macroeconomic indicators aligning with eurozone requirements. If euro adoption is not... Read more

On December 25, 2024, China’s Standing Committee of the National People’s Congress passed a comprehensive Value Added Tax (VAT) law, which will take effect on January 1, 2026. This legislation aims to modernize and unify the VAT system, aligning it with international standards while maintaining the existing rate structure. The new law clarifies taxable transactions, updates exemptions, and establi... Read more

France has released version 3.0 of its External Specifications for e-Invoicing, outlining key standards for the country's transition to mandatory electronic invoicing starting September 1, 2026, with full implementation by September 1, 2027. These specifications focus on directory management, data processing, and interoperability between Partner Dematerialization Platforms (PDPs). Additional guida... Read more

Starting March 1, 2025, Greenland will mandate digital invoicing for all goods and services provided to public authorities, requiring compliance with automated processing standards. Public authorities must register with the NemHandelsRegister and provide specific contracting details, while smaller entities may qualify for exemptions based on annual turnover thresholds. This initiative reflects Gre... Read more

Starting January 1, 2025, Romania will enforce stricter cash transaction limits and impose significant fines for non-compliance, including a 25% penalty on amounts exceeding the daily ceilings. Read more

Starting January 1, 2025, France will implement updated VAT rules under the B2B regime, taxing services based on the recipient's location as per Article 44 of Directive 2006/112/EC. Services such as advertising, consultancy, and intellectual property licensing will follow this rule, while exclusions include real estate services and passenger transportation. Read more

Starting July 1, 2025, all businesses in Germany must register their electronic or fiscal cash registers through the MyElster platform, with existing cash registers to be registered by July 31, 2025, and new ones within 30 days of purchase. Read more

The Croatian Tax Administration has announced that its server certificate for the fiscalization system will expire on February 10, 2025, requiring taxpayers to update to a new certificate to avoid disruptions. Public keys for the new certificate will be available starting January 15, 2025, and taxpayers are advised to coordinate with their IT providers to ensure compliance. Read more

S4F backoffice patch is intended for users who have already installed S4F backoffice and are intended to update existing installations to latest version. To do so apply only patches that are marked with version number that is newer than your currently installed instance of backoffice. Read more

Communicating billing series to the Portuguese Tax Authority often results in errors such as incorrect system time (Error 1110) or invalid credentials (Error 1199). Common issues also include inadequate permissions (Error 1200), unregistered subusers (Error 102), and invalid Tax Identification Numbers (Errors 113 and 114). Read more

Starting January 1, 2025, Slovakia will apply a reduced VAT rate of 5% to accommodation services classified under code 55 of the CPA, as outlined in Annex 7a of the VAT Act. The Financial Directorate's guidelines clarify that the VAT rate effective on the service's end date applies, except when full payment is made before the change, in which case the prior rate remains valid. Read more

Lithuania's Parliament is considering a bill to introduce a 9% VAT rate for essential food products and specific services, excluding alcohol, effective July 1, 2025. The government will define eligible products by April 30, 2025, aiming to ease living costs for citizens. On December 30, the Lithuanian Parliament accepted Draft Bill No. XVP-90 for consideration. This bill proposes a preferential 9... Read more

The Greek tax authority AADE has updated the myDATA platform to version 1.0.10, adding features like delivery note transmission via ERP systems and direct submission of fuel invoices. The update also simplifies wholesale transaction rules and enhances access to E3 tax form records, streamlining compliance for businesses in Greece. The Greek Independent Authority for Public Revenue (AADE) has offic... Read more