Background On January 1, 2025, the bill to modernise the VAT procedure and the collection of VAT in Belgium came into force. This ambitious project is of […]
Belgium – Changes to modernise the VAT procedure as well as VAT collection
Posts archive for February, 2025
Clarification of the conditions for adjusting incorrectly charged French VAT
The French tax administration has issued a new publication which clarifies the conditions for amending VAT invoices issued with incorrectly charged French VAT. Background Any business which […]
Spain – Intrastat sanctions
The new regulation on the Intrastat sanction procedure came into effect in January 2025, whereby Statistical office may review an Intrastat period of up to 6 months […]
Intrastat thresholds – 2025
Intrastat thresholds – 2025 The table below provides the updated Intrastat reporting thresholds for 2025 valid as of 30th January 2025. Country Currency Arrivals Dispatches Austria EUR […]
Netherlands – Submission of the supplementary return
From 1 January 2025, businesses registered for VAT in the Netherlands must file the supplementary VAT return within eight weeks of discovering inaccuracy in a VAT return […]
Italy – Extension of a Pilot for Pre-Filled VAT Returns
The Italian government announced the extension of a pilot program for the pre-filling VAT declarations, based on information from electronic invoice data. This covers the preparation of […]
Croatia – Electronic invoicing
Croatia is introducing a new tax package “Fiscatization 2.0” in 2026, which will implement a mandatory electronic invoicing between businesses (B2B) and businesses and government (B2G)
Netherlands – Planned changes in the VAT rate
In order to close the deficit in the national budget, the Dutch government in considering a change in the standard VAT rate from 21% to 21.4%. The […]
Netherlands – Real-Time taxation:
The Dutch Tax Authorities are currently reviewing on option of a real-time taxation, whereby VAT would be automatically calculated and transferred at the moment of payment. This […]
Belgium – Federal government agreement on VAT topics
On 31 January 2025, a Federal government agreement was reached, which among other topics include: 1. Near real time reporting:From 2028, Belgium plans to implement a near […]
Slovenia – Mandatory submission of VAT ledgers as of 1 July 2025
From 1st July 2025, all businesses registered for VAT in Slovenia in addition to periodic VAT returns will be required to prepare and submit VAT ledgers. VAT […]
Slovakia – planned changes from 1 July 2025
The parliament is currently reviewing draft bills amending the VAT Act with the aim to: The changes are proposed to become effective from 1 July 2025.
Portugal – VAT rate changes
From January 2025, the reduced VAT rate of 6% in mainland Portugal and 4% in the autonomous regions of the Azores and Madeira is applicable to infant […]
Latvia – E-Invoicing
Starting from 1 January 2025, businesses registered in Latvia that issue invoices to Latvian budgetary institutions (business to government (B2G) and government to government (G2G) sectors) must […]