The current method of accessing the system for submission of the Intrastat declarations in Belgium (i.e. OneGate) whereby a “username + password” is currently used to login […]
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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 […]
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 […]
Denmark – Interest on VAT corrections from 1st July 2023
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 […]
Romania – Change in VAT return form
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 […]
Slovakia – Proposed lower threshold on simplified invoices
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 […]
Poland – Mandatory e-invoicing from the 1st July 2024
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 […]
Romania – E-invoicing for B2B transactions from 2024
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 […]
Romania – Proposed changes in VAT rate
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, […]
Cyprus – Introduction of a super-reduced VAT rate of 3%
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 […]
The German Ministry of Finance issues first draft of its Growth Opportunities Act
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 […]
Slovakia – E-invoicing for B2G and G2G transactions
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 […]