With the Legal Notice 231/2023, the Maltese government has introduced a new reduced VAT rate of 12%, applicable from the 1st January 2024 on the following supply […]
Malta – New 12% reduced VAT rate
All posts by Roberta Bozzolan
Greece – Changes in VAT rate from 1st November 2023
On the 6th October 2023, the Law 5057/2023 was published in the Government Gazette, which, among other measures, introduces two VAT related changes: The above measures apply […]
Latvia – Proposed increase of VAT registration threshold to €50,000 in 2024
Latvia is proposing to increase the VAT registration threshold for resident businesses from €40,000 to €50,000 from the 1st January 2024. This measure is part of Latvia’s […]
Ireland – Proposed VAT measures in Budget 2024
As part of the Budget 2024, the Irish government is planning to introduce the following VAT measures:
Croatia – B2B e-invoicing
As part of its Fiscalization 2.0 project, Croatia is another European country who is considering introducing mandatory e-invoices for B2B transactions in the near future. The idea is […]
Bulgaria – Plans to introduce SAF-T
Bulgaria is planning to introduce the Standard Audit File for Tax (SAF-T) for the electronic exchange of tax data with the VAT authorities. This will apply to […]
Romania – Draft legislation on mandatory real time reporting from 1st January 2024 and e-invoicing from 1st July 2024
The Romanian Ministry of Finance has recently published draft legislation proposing a first phase of mandatory real time reporting system of invoices (irrespective of their format) from […]
Italy – VAT deductibility for end of the year invoices received in January
In the context of the new Italian tax reform legislation (Law 111/2023, published on 09/08/2023), a new provision allows taxpayers to choose in which period they can […]
Belgium – Draft legislation on B2B e-invoicing from 1st January 2026
On the 29th September 2023, the Belgian Council of Ministers approved preliminary draft legislation in regards to B2B structured e-invoicing related to domestic transactions in Belgium which […]
Portugal and Cyprus – Extension of the zero VAT rate on essential goods
The Portuguese government has extended the zero VAT rate to basic food until the end of 2023. The exemption applies to 46 everyday foods, from fruit and […]
Romania – Change in VAT rate in the wood and energy industries
From the 11th July 2023, the Romanian Law no. 216/2023 introduced the following changes in the application of the 5% VAT rate:
Denmark – New automatic functionality to reconcile amounts declared in the VAT return
From June 2023, the Danish authorities have introduced a new VAT functionality to automatically reconcile the intra EU transactions (sales and acquisitions) included in the VAT return […]
Switzerland – VAT compliance changes from 1 January 2025
The Swiss Parliament has approved a series of changes to its VAT Act, which will be effective from the 1st January 2025. These changes include:
Netherlands – Change in the invoice requirement for triangular simplification and on small businesses regulation
From the 1st September 2023, in case of a triangular simplification (simplified ABC scheme) using the Dutch VAT number, the text indicated in the invoice issued by […]