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

The Bulgarian Ministry of Finance has released a series of proposed tax amendments for public consultation, aiming to align national laws with EU regulations and enhance VAT administration. The acts refer to: Draft Ordinance amending and supplementing Ordinance No. 5 of October 4, 2007 on the terms and conditions for acquisition, registration, payment, and trading of government securities; Draft Law on Amendments and Supplements to the Law on Corporate Income Taxation; Draft Law on Amendments and Supplements to the Law on Personal Income Taxes; and Draft Law on Amendments and Supplements to the Law on Value Added Tax and the reasons for it. Read more

The Tax Authorities in the Republic of Srpska published an announcement that states that the new answers to the most frequently asked questions in the field of new fiscalization are published. By this, the taxpayers are informed of new questions and answers on the new fiscalization in the Republic of Srpska. These questions and answers are published within the section e-Fiscalization and subsection – Portal for fiscalization taxpayers, in part 7. Questions and Answers. Read more

The Spanish tax authority (AEAT) has delayed the implementation of the B2B e-invoicing mandate to 2027, due to unresolved technical specifications. Large taxpayers with turnover above €8 million will be required to comply 12 months after the final regulations are published, while all other taxpayers will follow in 2028, 24 months after the regulations are published. This phased approach aims to gi... Read more

The Slovenian Tax Authority has announced an update in its fiscalization infrastructure. In the test system for tax receipt confirmation, the authority has replaced the digital certificate used to establish a TLS (Transport Layer Security) session. The new public key associated with this certificate is now available in their official website's "Digital Certificates" section. Taxpayers and business... Read more

Since September, Lithuania's SABIS system has been used for issuing invoices in compliance with the EU directive on electronic invoices in public procurement. SABIS ensures that invoices meet all VAT law requirements, include mandatory VAT details, and automatically select the correct VAT rate for deduction and payment. This system enhances efficiency by providing all necessary information in a si... Read more

In recent years, the digitalization of financial transactions has driven the need for stricter measures to ensure the accuracy and integrity of recorded sales data. Among these measures is the receipt issuance obligation ("Belegausgabepflicht"), introduced under § 146a Absatz 2 AO as part of Germany's law to prevent the manipulation of digital records. But what measures exactly are we talking about? Let's find out! Read more