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 […]
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:
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 […]
From the 1st July 2023, the Danish tax authorities will charge interest of 0.7% per month (8.4% per annum) on VAT corrections; underpayment of VAT or over […]
On the 26th July 2023, the National Agency for Fiscal Administration has introduced 2 additional rows in the form D300 – VAT Return, in order to reflect […]
In the draft amendment to the Slovak VAT Act, The Ministry of Finance proposed a lower threshold for simplified invoices. Currently a simplified invoice can be issued […]
On Monday, 7th August 2023, the Polish President Andrzej Duda signed into law the Act of 16 June 2023 which makes the use of the National Electronic […]
On 25th July 2023, the European Commission issued the Council Implementing Decision (EU) 2023/1553, authorising Romania derogation request to implement a B2B electronic invoicing (“e-invoicing”) mandate. Whereas currently […]
The Romanian government has recently proposed a range of fiscal measures, one of which is to increase the VAT rate of restaurant, catering and cultural services (theatre, […]
On the 13th July 2023, the Cypriot Parliament approved a bill introducing a new super-reduced VAT rate of 3% for certain goods and services to ease the […]
On the 28th July 2023, a decision was taken by the French Ministry of Finance to postpone the implementation of the e-invoicing and e-reporting reforms, which were […]
On 17th July 2023, the German Ministry of Finance released its first draft of the so-called “Growth Opportunities Act”, aimed at strengthening competiveness and supporting economic growth […]
In June 2023, as part of a programme called “A strong and committed Finland”, the Finnish new government has proposed the following changes in VAT rates: 1) […]
s a result of Slovakian VAT Authority still clarifying the process of submission for e-invoices to the IS EFA platform for B2G (business to government) and G2G […]