What does the Draft Law on the fiscalization of financial transactions bring? How will it impact businesses? Join us for our next webinar on February 27th at 3 PM, where Tara Nedeljković, our legal expert, will break down the latest fiscalization updates in FBiH and answer all your key questions.📅 Save the date & register now! https://fiscalsolutions.clickmeeting.com/new-draft-law-on-fiscaliz... Read more

What does the Draft Law on the fiscalization of financial transactions bring? How will it impact businesses? Join us for our next webinar on February 27th at 3 PM, where Tara Nedeljković, our legal expert, will break down the latest fiscalization updates in FBiH and answer all your key questions.📅 Save the date & register now! https://fiscalsolutions.clickmeeting.com/new-draft-law-on-fiscaliz... Read more

The Croatian government is implementing price controls on 70 essential products starting February 7, 2025, to combat inflation and ensure affordability for consumers. Retailers must clearly display controlled prices, post informational posters, and designate specific sales areas for these items in larger stores. Read more

Greece has introduced a Deposit Return System (DRS) for plastic and metal beverage packaging to promote recycling and reduce waste, in line with EU Directive 2019/904. Consumers will pay a deposit fee of €0.10–€0.15 per container, which is refundable upon returning the empty packaging to designated collection points. Read more

Romania now allows businesses to provide printed fiscal receipts for card payments only upon customer request, while printed receipts remain mandatory for other payment types. Despite this change, many small retailers plan to continue issuing printed receipts to avoid operational challenges and maintain customer trust. Read more

Lithuania's fiscalization system was upgraded in 2023 through the i.EKA project, which modernized fiscal devices and enhanced communication with the state tax inspectorate. The system operates under strict legal and technical regulations, with updates made periodically to ensure compliance. Read more

Spain's upcoming fiscalization system will apply specifically to computerized billing systems (SIF) used for issuing invoices and simplified invoices. These regulations, outlined in Royal Decree 1007/2023, will affect businesses required to issue invoices but will not apply to other systems used solely for generating non-fiscal supporting documents.   The fiscalization system in Spain is cer... Read more

The Tax Administration of the Republic of Srpska has published decisions on approved requests for subsidizing the initial costs of fiscalization for taxpayers in the first group. The list, available on the Fiscalization Portal, details approved subsidies for businesses that transitioned to the new fiscal system in 2024. Read more

Italy's new software solution requires businesses to install and configure the PEM module, which is responsible for transmitting data to the Revenue Agency in a structured format. Each PEM is assigned a unique 11-character serial number, used to generate a Certificate Signing Request (CSR) for activation. Read more

In Sweden, businesses handling cash or card transactions must use certified cash registers or POS systems that meet strict fiscalization requirements set by the Swedish Tax Agency. These systems must securely store sales data, generate reports, enable electronic journaling, and connect to a verification system to prevent fraud and ensure compliance. In general terms, all businesses that handle cas... Read more

Slovenia's eDavki portal received updates on February 6, 2025, to correct errors in DOD-DDPO and DDD-DDD tax returns, including fixes for total calculations and balance sheet data submission. Read more

The Philippines Bureau of Internal Revenue (BIR) is implementing an Electronic Invoicing System (EIS) initially targeting the top 100 taxpayers to streamline tax reporting and improve compliance. The EIS, which requires businesses to submit electronic invoices in JSON format through an API, aims to reduce tax fraud, enhance trade competitiveness, and encourage digital transformation. Businesses ar... Read more

The Danish Business Authority has released OIOUBL Schematron 1.15 (RC) for OIOUBL 2.1, introducing stricter VAT validation rules to improve e-invoicing accuracy. Changes include mandatory 0% VAT rates for Zero-Rated items, stricter VAT amount calculations at the line level, and enhanced VAT summary validation for entire invoices. . Read more

Starting January 1, 2026, businesses in Italy must transmit both receipts and electronic payment data together to the Revenue Agency, allowing for real-time reconciliation and better fraud detection. This change ensures that if electronic payments exceed declared receipts, potential tax evasion can be identified immediately. Read more

Singaporean businesses are gearing up for significant changes to the Goods and Services Tax (GST) system with the progressive rollout of GST InvoiceNow starting in 2025. The goal off this initiative, which is an extension of the existing InvoiceNow network, is to simplify invoicing processes, enhance tax compliance, and reduce administrative burdens. GST InvoiceNow will enable direct, electronic t... Read more

Poland's National Revenue Administration (KAS) introduced the "verification purchase" tool in 2022 to ensure businesses issue proper fiscal receipts, conducting 56,500 inspections and imposing PLN 18.2 million in fines within its first year. Inspectors use official payment cards for undercover purchases, revealing their identity only if irregularities are found, with the process streamlined through the ZISAR Plus electronic system since July 2022. Read more