The Malaysian Inland Revenue Board (IRBM) is implementing new rules that make e-invoicing mandatory in Malaysia, so businesses will need to adopt automated and AI-driven tools to ensure they're following the regulations. The deadline for e-invoicing in Malaysia starts on August 1, 2024, for larger businesses, and full compliance is expected by July 1, 2025. Companies will have to connect with MyIn... Read more

The fiscalization systems in Albania and Montenegro share similarities, including real-time communication with tax authorities, mandatory transaction authorization, and flexibility regarding software and hardware specifications. However, notable differences remain in legal requirements, data registration obligations, and specific receipt details The fiscalization systems in Montenegro and Albania... Read more

The 2025 Finance Act in France has significantly adjusted VAT rates, notably raising electricity and natural gas subscriptions from 5.5% to 20% effective August 1, 2025, while reducing VAT on renewable energy heat supplies to 5.5% starting March 1, 2025. Residential property renovation work, including fossil fuel boiler installations, will see an increase in VAT to 20% unless contracts are finalized before March 1, 2025; conversely, solar equipment installations in homes benefit from a reduced 5.5% rate effective October 1, 2025. Read more

In Turkey, fiscal cash registers (NGCR) purchased from authorized dealers must be registered and activated by authorized services, who connect the devices to the Revenue Administration (GIB) system through the Trusted Service Manager (TSM). All retail transactions and external hardware or software must operate exclusively through the NGCR to ensure compliance with legal requirements and automatic transmission of daily closing (Z) reports to the GIB. Read more

The Bulgarian Ministry of Finance has released a draft amendment to Regulation No. H-18, introducing significant updates related to fiscal devices, software requirements, and electronic sales, now open for public consultation. Read more

The Tax Administration of the Republic of Srpska has expanded the list of business activities eligible to use Virtual Processors for Fiscal Receipts (V-PFR), enabling more industries to adopt a fully software-based fiscalization method. Read more

Sales tax is a small fee added to most purchases, collected by the seller and sent to the government to fund public services. Rates vary by state, and some cities add extra on top. Use tax applies when you buy from out of state or online and don’t pay sales tax, then it’s your responsibility to report and pay it to your state. While both taxes serve the same purpose, they apply in different situat... Read more

Spain is advancing B2B electronic invoicing with a public consultation to refine compliance under the "Crea y Crece" law, requiring businesses to use the Universal Business Language (UBL) format and submit a digital invoice copy to the public platform. All B2B transactions, previously voluntary for some, must now comply, with large companies required to adopt e-invoicing one year after the Ministerial Order’s approval and SMEs two years later. . Read more

Slovakia's Financial Administration is implementing mandatory B2B electronic invoicing through the decentralized Peppol network, aiming to fully digitize and standardize invoice processing and reduce manual intervention. This transition, utilizing a secure pan-European XML format, promises cost savings, improved security, and streamlined business procedures. The Financial Administration of Slovaki... Read more

Software solutions for fiscalization in Italy must pass a predefined approval process, as explained further in this document. The procedure is predefined by regulations and technical specifications. More details regarding requirements for Approval process and Fiscal Software Solution and other high important topics are as follows. Read more

As e-commerce fraud rises, new security standards (PCI DSS 4.0.1) will take effect in March 2025, requiring online retailers to secure their entire website, strengthen authentication, and monitor third-party scripts and payment pages. Merchants must assess their compliance level, implement necessary security controls, and document efforts to meet the new requirements, with larger businesses facing... Read more

Singapore is introducing mandatory e-invoicing and direct tax data reporting to improve tax compliance, requiring businesses to modernize their accounting systems. A phased rollout begins in May 2025, and companies must adapt to real-time tax reporting to stay compliant and avoid audit risks. Singapore has built a strong digital government system, and businesses are now expected to follow suit wit... Read more

The Ministry of Finance of Poland is developing an enhanced version of the e-Receipts application, adding features like sharing unique identifiers (KID) among family members and sending receipts via text or email to simplify collection and returns. E-receipts, legally equivalent to paper receipts, offer convenience, quicker customer service, promotional opportunities, environmental benefits, and h... Read more

Starting January 1, 2026, Italian merchants must integrate telematic recorders with POS terminals to ensure automatic reporting of electronic payments and receipt data to tax authorities. Non-compliance will result in fines ranging from €100 to €4,000 per violation, with severe repeat offenders risking business suspension from 3 days to 6 months.   As a reminder, starting from January 1, 202... Read more

Eurozone member states have praised Bulgaria's progress toward meeting euro adoption criteria, acknowledging its efforts to align with eurozone accession standards. They now await a forthcoming assessment by the European Commission and the European Central Bank on Bulgaria's readiness to join.   Eurozone member states have commended Bulgaria's advancements in meeting the criteria necessary f... Read more