Italy, as a mother of fiscalization, introduced other ways to electronically transmit sales data. RT devices are obligatory to be used for fiscalization, but what is new with the presented software? What is the purpose of it, and how does it need to be managed? What are the requirements, and truly, will software exchange current RT devices in Italy?   Answers to these questions and much more... Read more

Italy, as a mother of fiscalization, introduced other ways to electronically transmit sales data. RT devices are obligatory to be used for fiscalization, but what is new with the presented software? What is the purpose of it, and how does it need to be managed? What are the requirements, and truly, will software exchange current RT devices in Italy?   Answers to these questions and much more... Read more

Turkey has increased tax penalties starting January 1, 2025, as outlined in General Communiqué No. 577, with rates adjusted to a revaluation rate of 43.93% for the 2024 tax year. Key changes include higher fines for irregularities, escalating penalties for repeated non-compliance with invoice and delivery note requirements, and additional fines for withholding requested information. Read more

Effective January 1, 2025, updated VAT regulations introduce new invoicing requirements and rectification rules for specific operations, including intra-community deliveries and public auction sales. Read more

Montenegro's Tax Administration has published a rulebook outlining products and services eligible for a reduced VAT rate, effective January 1, 2025, including basic foods, medical devices, and public transportation. In accordance with the latest updates regarding changes of VAT rates in Montenegro, effective from January 1st, 2025, the Montenegrin Tax Administration published a rulebook on determi... Read more

The Dutch government has announced that administrative fines for non-payment or late payment of VAT on e-commerce transactions will resume on January 1, 2025, following a temporary waiver that began with the implementation of the EU’s 2021 e-commerce VAT reforms. This decision comes after addressing initial compliance challenges and aims to reinforce adherence to the One Stop Shop (OSS) VAT report... Read more

On January 13, 2025, the Slovenian tax authority announced new guidelines for VAT evidence, referred to as KIR (VAT charged) and KPR (VAT deductions), which will take effect on January 20, 2025. These records must document VAT details for sales and deductions, following structured formats outlined in technical documentation available on the eDavki platform. Read more

Starting July 1, 2025, Slovenian taxpayers must maintain two specific records: VAT charge records and VAT deduction records, as mandated by new Articles 150a and 150b of the VAT regulations. Read more

Starting January 2025, Denmark’s next phase of the Bookkeeping Act will require businesses to maintain digital bookkeeping, issue and receive e-invoices, and provide SAF-T format data upon request. These mandates will apply to companies using non-certified accounting systems and will expand to all businesses with an annual turnover exceeding DKK 300,000 by July 2026. Read more

Italy's new regulation outlines roles and responsibilities for software manufacturers and providers involved in creating and supporting software solutions used as alternatives to RT devices. Manufacturers must ensure compliance with Revenue Agency standards, seek certification, and gain approval for their software. Read more

Starting January 1, 2025, Poland will implement changes to VAT invoicing rules, including simplified SME exemption procedures for small businesses based in EU member states where VAT is due. Read more

Croatia's economy minister announced plans to update the list of price-limited consumer basket items next week, focusing on everyday food products with significant price increases. Consumers are encouraged to influence the market by supporting competitively priced retailers and avoiding those with excessive pricing. Items no longer viable for production due to regulated prices will be removed from... Read more

Sweden has updated its simplified invoice rules by repealing regulation SKVFS 2005:14 and introducing new VAT provisions under SKVFS 2024:26, effective December 2024. These changes align with EU VAT directives and simplify invoicing for specific scenarios such as vending machine sales, public transport, toll payments, and combined electricity services. Read more

Slovakia has announced a legislative amendment to the VAT Act introducing mandatory e-invoicing and real-time invoice data reporting, effective January 1, 2027. These measures align with EU directives to improve VAT compliance, fraud detection, and transaction efficiency. Public consultations on the draft law are open until January 31, 2025, with further stakeholder input expected in mid-2025. The... Read more

The Financial Administration of Slovakia warns the public today 20.01.2025., about fraudsters attempting to deceive citizens with false information regarding a tax refund for 2024 A new fraudulent email claims recipients are entitled to a tax refund after reviewing their "tax data for 2024." The email suggests the refund will be processed automatically but offers an option to edit payment details... Read more

Making Tax Digital (MTD) is a UK government initiative aimed at modernizing the tax system and improving compliance by requiring businesses to maintain digital records and submit tax returns electronically. Effective from April 2022, MTD is mandatory for all VAT-registered businesses, with limited exemptions available. Making Tax Digital (MTD) is a UK government initiative designed to modernize th... Read more