The EU's Economic and Financial Affairs Council (ECOFIN) has approved the Value Added Tax in the Digital Age (ViDA) proposal, aiming to modernize VAT rules and combat tax fraud. ViDA introduces key measures like Digital Reporting Requirements (DRR), VAT collection for the platform economy, and expanded Single VAT Registration, with implementation planned from 2027 to 2035. Businesses must prepare... Read more

In Germany, taxi and rental car services must comply with KassenSichV by using Technical Security Equipment (TSE) to secure and record cash transactions, ensuring transparency and traceability. Mobile TSE solutions, including portable receipt printers and electronic receipts, enable taxis to meet compliance requirements effectively, with no exemptions, thanks to advancements in affordable, mobile-... Read more

The German government plans to strengthen enforcement of the receipt issuance obligation for retailers by amending § 379 of the Fiscal Code to classify failure to issue receipts as an administrative offense. This amendment will allow tax authorities to impose fines ranging from €5,000 to €25,000 to ensure compliance and enhance efforts to combat tax evasion. The move emphasizes using technical sec... 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

Starting January 1st, 2025, Germany will introduce reforms to its external audit procedures under the Fiscal Code, aiming to enhance efficiency and transparency for businesses. Major chages include: Audit orders must be issued by the end of the calendar year following the year in which the tax assessment was first completed. For example, if a sales tax return for 2025 is approved in March 2027,... Read more

In Germany, there is a mandatory registration and decommissioning of the cash registers to the tax authorities, which has been part of the fiscal law since 2021, but there has been no platform to report this information so far. So, what can you do now and how can you report cash registers? On June 28th, 2024, the German Federal Ministry of Finance issued a new application decree specifying the ca... Read more