The Tax Authority in Belgium has provided distinction on the fiscalization requirements for certain specific devices like kiosks, vending machines, etc., making important distinctions based on their setup and connection to POS systems (if any) and if they need to be fiscalized. Read more

Spain has introduced new VAT adjustments, with the most significant changes being the end of the temporary zero VAT rate on essential foodstuffs, now taxed at 2% until December 31, 2024, and shifting to 4% from January 1, 2025. Olive oil will benefit from the 4% reduced VAT rate starting January 2025, while seed oils and pasta see a VAT increase from 5% to 7.5%. Additionally, VAT rates for electri... Read more

In a move to strengthen environmental regulations, Portugal has amended Decree-Law No. 24/2024, introducing significant changes for businesses operating within its jurisdiction. The requirements will take effect on January 1, 2025. Who will they impact? Read more

Effective January 1, 2025, the Czech Republic will introduce significant changes to its Value Added Tax (VAT) regime to simplify processes and adjust thresholds. Key changes include a new annual turnover period for VAT calculation, expansion of the reverse charge mechanism to include cleaning services, and removing the five-year real estate exemption. Additionally, the time limits for VAT deductio... Read more

Starting January 1, 2025, Poland will implement a mandatory deposit system for glass, plastic bottles, and cans. This new regulation will become an integral part of everyday shopping, requiring consumers to pay a deposit for packaging. This change raises questions about the impact on VAT taxation and product prices. Read more

On September 30, 2024, the Director of the Revenue Agency signed a provision establishing the operating procedures for using digital signatures drawn up during tax control activities, in accordance with Article 38-bis of Presidential Decree no. 600/1973. These new procedures aim to streamline tax control activities and ensure the integrity and authenticity of the documents involved. Read more

Finland has taken a significant step toward a real-time economy by introducing its e-receipt project. This initiative, designed to boost competition in the electronic invoices and receipts market, arrives at a crucial time when VAT systems are rapidly evolving across the globe. In our upcoming webinar, we’ll explore how e-receipts will become an integral part of financial administration. The... Read more

Finland has taken a significant step toward a real-time economy by introducing its e-receipt project. This initiative, designed to boost competition in the electronic invoices and receipts market, arrives at a crucial time when VAT systems are rapidly evolving across the globe. In our upcoming webinar, we’ll explore how e-receipts will become an integral part of financial administration. The... Read more

In the latest 2025 budget announcement, Portugal has once again delayed the implementation of annual SAF-T accounting reporting by one year. The new reporting period will start in 2027, with the first report due early that year. More on deadlines as follows. Read more

A recent ruling by the Greek Supreme Court has significant implications for how tips given by card to wait staff and delivery workers are managed and taxed in this country. Let's find out more about this! Read more

The Portuguese government has delayed the mandatory implementation of Qualified Electronic Signatures (QES) for electronic invoices by one year, now set to take effect on January 1, 2026. This extension allows businesses to continue using PDF invoices as electronic invoices until the end of 2025, providing more time to comply with the new e-invoicing regulations. In the recently announced 2025 Bud... Read more

The German federal government has provided an official update on the progress and requirements for the upcoming B2B e-Invoicing mandate, set to begin on January 1, 2025. The government clarified that while a simple invoice sent by email may suffice for basic compliance, alternative communication methods can also be agreed upon between parties. More details are as follows. Read more

The Slovak Parliament has approved a significant amendment to its VAT legislation, set to take effect from January 1, 2025. This move is part of a broader fiscal consolidation effort aimed at increasing state revenue. Let's find out what key changes include! Key changes include: - The standard VAT rate will rise from the current 20% to 23%. - The existing reduced VAT rate of 10% will be replace... Read more

The Portuguese Tax and Customs Authority has published a new guide titled “Invoices and Receipts - Service Usage Guide” on the Tax Portal at the end of September. This comprehensive guide provides step-by-step tutorials on the features of the new application for issuing invoices/ receipts. Users can also manage a customer catalog and a catalog of goods, services, or other items. This guide outline... Read more

Turkey has amended its Tax Procedure Law (Tebliğ No. 459), limiting cash transactions to 7,000 TL (approximately €250) and requiring amounts above this to be processed through financial intermediaries like banks. Read more

The price-locking initiative in the Federation of Bosnia and Herzegovina, which began on December 15 last year, aims to stabilize the cost of essential food and hygiene products. This measure, proposed by employers in cooperation with the Federal Ministry of Trade, currently targets 56 items to improve the quality of life for citizens. The fourth round of price locking started on October 1 and wil... Read more