As online shopping continues to grow, the European Union is planning to implement new regulations to protect local e-commerce sellers. One significant change affects consumers who shop on international platforms like Temu or AliExpress. The EU has already taken some steps at the first sign of growing foreign e-commerce sellers, and since July 1, 2021, all goods entering the EU, regardless of their... Read more

One way to validate VAT numbers in the EU is the VAT Information Exchange System (VIES), which is a crucial tool for businesses operating within the European Union. Owned by the European Commission, VIES is a search engine that retrieves data from national VAT databases to verify VAT numbers. Here’s a detailed look at how VIES works and its significance. How VIES Works When a search is made usi... Read more

As of July 1, 2024, Denmark's new Bookkeeping Act mandates the digitization of all accounting processes, including invoicing. This marks the beginning of a phased implementation plan introduced by the Danish government in 2022 to modernize and streamline accounting practices across the nation. The Bookkeeping Act requires businesses to adopt either certified digital bookkeeping software approved b... Read more

When it comes to managing item exchanges in Denmark, businesses need to ensure proper registration in their digital sales systems. More details are as follows: Read more

While Denmark has been a pioneer in the implementation of B2G e-invoicing, leading the way since 2005, the introduction of B2B e-invoicing is going slower than expected. Directive 2014/55/EU, fully transposed into Danish law, requires central, regional, and local authorities to receive and process electronic invoices. Economic operators and suppliers to public bodies are also required to submit e... Read more

Not every field in the XML schema is compulsory. The technical documentation is designed to categorise data fields into three distinct types, as follows. Read more