The National Revenue Agency (NRA) has started a phased introduction of the SAF-T. The structure of the SAF-T, content and submission process of the standard audit file […]
The National Revenue Agency (NRA) has started a phased introduction of the SAF-T. The structure of the SAF-T, content and submission process of the standard audit file […]
From 1st April 2025, HMRC introduced stricter regulations to reduce the VAT gap and ensure more taxpayers fulfil their VAT obligations on time by increasing penalties for […]
Hungary proposes reduction in the VAT rate to 5% from September 2025 on cereal grains, milk and dairy products, bread, honey, vegetables, legumes, fruits, and spices.
Finland has abandoned its plan to increase VAT rate on sweets and chocolate from 14% to 25.5% that was meant to be implemented from 1st June 2025.
The change in the VAT rate from 21% to 21.4% that was considered by the Dutch government has been delayed until 2027 due to the modernisation of […]
Lithuania proposes to increase the VAT exemption threshold from EUR 45,000 to EUR 60,000. If approved the new threshold will apply from 1st January 2026.
Lithuania is considering a change in the reduce VAT rate from 9% to 12%. A formal proposal is expected in coming weeks.
The Council of the European Union has officially approved the VAT in the Digital Age (ViDA) package as of yesterday, 12th March, 2025. This package is seen […]
Below are some of the most important changes in the VAT Act that will apply in Poland from 1st April 2025: 1. Clarification of the reduced VAT […]
The new draft law on B2B e-invoicing that was submitted in February 2025 proposes: Implementation of the E-Invoicing from 1st January 2027 (previously e-invoicing was meant to […]
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 […]
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 […]
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 The table below provides the updated Intrastat reporting thresholds for 2025 valid as of 30th January 2025. Country Currency Arrivals Dispatches Austria EUR […]