As Bulgaria prepares to adopt the euro, the Bulgarian National Bank has introduced a permanent, free and unlimited exchange service for converting levs to euros at the official rate, with no expiration date. During the first six months, banks and post offices will also handle exchanges under specific conditions, including daily limits and advance notice for larger amounts. Lev banknotes and coins... Read more

The Portuguese Tax and Customs Authority announced that a new Certification Authority will go live on May 31, 2025, requiring Software Producers and Economic Operators to use 4096-bit RSA certificates for accessing AT web services. Read more

Austria has mandated electronic invoicing (e-invoicing) for Business-to-Government (B2G) transactions at the federal level since 2014, requiring suppliers to submit invoices via the Peppol network or the national e-rechnung.gv.at platform using Peppol BIS 3.0 or ebInterface formats. While e-invoicing remains voluntary for Business-to-Business (B2B) transactions, companies are encouraged to adopt i... Read more

The Spanish Council of Ministers has approved a Royal Decree that delays the general implementation of the VeriFactu certified billing system to January 1, 2026, while keeping the July 29, 2025 deadline for POS software providers. It also exempts companies using the Immediate Supply of Information (SII) for self-billing from VeriFactu requirements. The decree is published today in the Official St... Read more

Spain's Central Economic-Administrative Court (TEAC) has clarified VAT rounding rules for simplified invoices, favoring global rounding over product-by-product rounding when it prevents tax distortions. This ruling arose from a dispute involving a retailer that rounded VAT per individual product, which was rejected by the Spanish Tax Agency in favor of cumulative, global rounding. Read more

Portugal has postponed the mandatory B2G electronic invoicing requirement for small, medium, and microenterprises from January 1, 2025, extending the compliance deadline to December 31, 2025. Until then, businesses can continue using alternative invoicing methods rather than the structured CIUS-PT e-invoicing format. Portuguese authorities have announced another postponement for the mandatory use... Read more

The Federation of Bosnia and Herzegovina is preparing to introduce its first consumer protection law, which aligns with EU standards, introduces stricter controls, bans unfair practices, and allows consumers a two-week period to return products without explanation. The law, finalized by a diverse working group, aims to enhance consumer rights, facilitate dispute resolutions, and improve market saf... Read more

Chilean Internal Revenue Service (SII) issued Resolution No. 12, requiring e-invoices and e-receipts to be delivered to customers for cash, bank transfers, debit, or credit cards, with the option to send a virtual presentation. On January 17th, Chile's tax authority, the SII, released Resolution No. 12. This resolution details new rules for businesses when giving customers printed copies of electr... Read more

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