Let's With the introduction of GKS 2.0 to Belgium, several significant changes will be implemented to upgrade the tax control mechanisms as well. The introduction of advanced online control systems is expected to increase tax compliance significantly. Additionally, online tax controls will be possible without a tax inspector visiting the establishment. If establishments inside the fiscalization... Read more

In terms of fiscalization and the obligation for businesses to use cash registers and report transactions via them, the question arises in the terms of how chargers for electric vehicles are treated. Do they need a cash register installed or not? Read more

Novi Sad, August 27 – Fiscal Solutions, a leading provider of fiscal software solutions for the retail industry, today announced it has partnered with Avalara, a leading tax compliance automation software provider for businesses of all sizes. This partnership will allow organizations to address compliance with global e-invoicing mandates, resulting in greater business efficiency and reduced costs.... Read more

The Regional Legislative Decree No. 6/2024/M, which approves the budget law for the Portuguese autonomous region of Madeira for 2024, was published on July 29, 2024. This decree includes a significant measure aimed at providing tax relief by reducing the region’s reduced VAT rate from 5% to 4%. This strategic decision is part of ongoing efforts to stimulate economic growth and offer financial reli... Read more

In accordance with the procedures for introducing the Euro as an official currency in Bulgaria, the state institutions are working on other related laws and regulations, step by step. Therefore, during the public consultations is introduced a draft regulation of the Law on Amendments and Supplements to the Law on Payment Services and Payment Systems, which proposes amendments that aim to prepare p... Read more

The purpose of the law is to determine the general requirements of the process of introducing the euro as an official currency in Bulgaria. The law has been voted by the national ambassador, and official introductions are still pending; after that, the other deadlines can be determined. The law has been voted, although Bulgaria has not yet met the criteria for joining the Eurozone, which is one of the most important conditions. Read more

The purpose of the law is to determine the general requirements of the process of introducing the euro as an official currency in Bulgaria. The law has been voted by the national ambassador, and official introductions are still pending; after that, the other deadlines can be determined. The law has been voted, although Bulgaria has not yet met the criteria for joining the Eurozone, which is one of the most important conditions. Read more

Although the ministerial order that will officially introduce technical details about new fiscalization in Spain has still not been introduced, the tax administration in Spain has published certain updates for technical documentation available on its special developer portal. More precisely, the AEAT has published a new technical document: VERI*FACTU—Technical specifications for the generati... Read more

The Montenegrin government proposes VAT law amendments to benefit consumers and businesses. More precisely, the Montenegrin Government has released a draft bill proposing significant amendments to the VAT Law, aimed at benefiting both consumers and businesses. The proposed changes include: Amended VAT Rates: The bill outlines adjustments to VAT rates for various categories of goods, services, a... Read more

The Tax Administration of the Republic of Srpska has published another version of an important document for suppliers of electronic fiscal device elements. Additional changes have been published in the technical guide for issuing approval for electronic fiscal device elements. Version 1.10 is the latest and pertains to the new fiscal system implemented in the Republic of Srpska. The changes refer... Read more

In the new fiscal system of the Republic of Srpska, cancellation, or voiding, as it is also known, is a specific operation designed to correct errors on existing receipts. It is not considered a separate transaction type but rather a corrective measure that can be applied to both sales and refund receipts. Read more

In Germany, there is a mandatory registration and decommissioning of the cash registers to the tax authorities, which has been part of the fiscal law since 2021, but there has been no platform to report this information so far. So, what can you do now and how can you report cash registers? On June 28th, 2024, the German Federal Ministry of Finance issued a new application decree specifying the ca... Read more

As a reminder, the adaptation of Law on Euro was published at the end of August. We advise you to read more to stay focused on this topic. Read more

Based on the actual regulations, specific requirements for Restaurant Fiscal Devices, also known as Restaurant FI-MAS, Restaurant FTM, or ADIME Restaurant in Greece, entail the following main requirements... Read more