The European Commission is tightening regulations on e-commerce imports to address the surge of unsafe and counterfeit goods, particularly from China, by reforming customs rules and increasing product safety checks. Key measures include removing the duty exemption for low-value parcels, introducing a potential customs fee, establishing priority control areas, and launching an EU-wide product safet... Read more

The Danish Business Authority has released OIOUBL Schematron 1.15 (RC) for OIOUBL 2.1, introducing stricter VAT validation rules to improve e-invoicing accuracy. Changes include mandatory 0% VAT rates for Zero-Rated items, stricter VAT amount calculations at the line level, and enhanced VAT summary validation for entire invoices. . Read more

The Danish Business Authority has released updated Peppol Schematron Packages (CIUS 1.14.0 and BIS3-Other 1.2.10), which will become mandatory on February 17, 2025. Let's delve deeper into this topic! Read more

Denmark has clarified its VAT exemption for authors and artists, effective January 2025, while introducing limitations on certain intellectual property transactions. While artistic services like live performances and creative outputs remain VAT-exempt, the exemption no longer applies to copyright transfers, patents, trademarks, or licensing fees from third parties. Denmark has announced a clarific... 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

Starting March 1, 2025, Greenland will mandate digital invoicing for all goods and services provided to public authorities, requiring compliance with automated processing standards. Public authorities must register with the NemHandelsRegister and provide specific contracting details, while smaller entities may qualify for exemptions based on annual turnover thresholds. This initiative reflects Gre... Read more