The Dutch government has announced that administrative fines for non-payment or late payment of VAT on e-commerce transactions will resume on January 1, 2025, following a temporary waiver that began with the implementation of the EU’s 2021 e-commerce VAT reforms. This decision comes after addressing initial compliance challenges and aims to reinforce adherence to the One Stop Shop (OSS) VAT report... Read more

On January 13, 2025, the Slovenian tax authority announced new guidelines for VAT evidence, referred to as KIR (VAT charged) and KPR (VAT deductions), which will take effect on January 20, 2025. These records must document VAT details for sales and deductions, following structured formats outlined in technical documentation available on the eDavki platform. Read more

Starting July 1, 2025, Slovenian taxpayers must maintain two specific records: VAT charge records and VAT deduction records, as mandated by new Articles 150a and 150b of the VAT regulations. Read more

Starting January 2025, Denmark’s next phase of the Bookkeeping Act will require businesses to maintain digital bookkeeping, issue and receive e-invoices, and provide SAF-T format data upon request. These mandates will apply to companies using non-certified accounting systems and will expand to all businesses with an annual turnover exceeding DKK 300,000 by July 2026. Read more

Italy's new regulation outlines roles and responsibilities for software manufacturers and providers involved in creating and supporting software solutions used as alternatives to RT devices. Manufacturers must ensure compliance with Revenue Agency standards, seek certification, and gain approval for their software. Read more

Starting January 1, 2025, Poland will implement changes to VAT invoicing rules, including simplified SME exemption procedures for small businesses based in EU member states where VAT is due. Read more

Croatia's economy minister announced plans to update the list of price-limited consumer basket items next week, focusing on everyday food products with significant price increases. Consumers are encouraged to influence the market by supporting competitively priced retailers and avoiding those with excessive pricing. Items no longer viable for production due to regulated prices will be removed from... Read more

Sweden has updated its simplified invoice rules by repealing regulation SKVFS 2005:14 and introducing new VAT provisions under SKVFS 2024:26, effective December 2024. These changes align with EU VAT directives and simplify invoicing for specific scenarios such as vending machine sales, public transport, toll payments, and combined electricity services. Read more

Slovakia has announced a legislative amendment to the VAT Act introducing mandatory e-invoicing and real-time invoice data reporting, effective January 1, 2027. These measures align with EU directives to improve VAT compliance, fraud detection, and transaction efficiency. Public consultations on the draft law are open until January 31, 2025, with further stakeholder input expected in mid-2025. The... Read more

The Financial Administration of Slovakia warns the public today 20.01.2025., about fraudsters attempting to deceive citizens with false information regarding a tax refund for 2024 A new fraudulent email claims recipients are entitled to a tax refund after reviewing their "tax data for 2024." The email suggests the refund will be processed automatically but offers an option to edit payment details... Read more

Making Tax Digital (MTD) is a UK government initiative aimed at modernizing the tax system and improving compliance by requiring businesses to maintain digital records and submit tax returns electronically. Effective from April 2022, MTD is mandatory for all VAT-registered businesses, with limited exemptions available. Making Tax Digital (MTD) is a UK government initiative designed to modernize th... Read more

Starting January 1, 2025, Slovenia will implement VAT Act amendments, including raising the VAT registration threshold from €50,000 to €60,000 to reduce the compliance burden on small businesses. Sugary beverages will be taxed at the standard 22% VAT rate, aligning with public health goals, while vending machine sales will also generally be subject to VAT. Read more

Bulgaria is on track to adopt the euro by January 1, 2026, as it meets key Maastricht criteria, including inflation stabilization, a low debt-to-GDP ratio, and a manageable budget deficit. Economic experts highlight ongoing preparations despite political challenges, with inflation consistently below 3% and other macroeconomic indicators aligning with eurozone requirements. If euro adoption is not... Read more

On December 25, 2024, China’s Standing Committee of the National People’s Congress passed a comprehensive Value Added Tax (VAT) law, which will take effect on January 1, 2026. This legislation aims to modernize and unify the VAT system, aligning it with international standards while maintaining the existing rate structure. The new law clarifies taxable transactions, updates exemptions, and establi... Read more

France has released version 3.0 of its External Specifications for e-Invoicing, outlining key standards for the country's transition to mandatory electronic invoicing starting September 1, 2026, with full implementation by September 1, 2027. These specifications focus on directory management, data processing, and interoperability between Partner Dematerialization Platforms (PDPs). Additional guida... Read more

Starting March 1, 2025, Greenland will mandate digital invoicing for all goods and services provided to public authorities, requiring compliance with automated processing standards. Public authorities must register with the NemHandelsRegister and provide specific contracting details, while smaller entities may qualify for exemptions based on annual turnover thresholds. This initiative reflects Gre... Read more