The "Digital Transformation in VAT" conference has been organized and will take place on Wednesday, November 16, 2022, where national plans and various digital reporting models for specific countries will be introduced. One of them was for Sweden. More specifically, from the Swedish perspective, the future VAT reporting model was presented, but only in general and with no concrete information. One of the reasons is, for sure, that it has not been confirmed yet. After that, the Swedish authorities will start to work with concrete models and legislation.
The future of VAT: reporting and invoicing in Sweden
Public
Other countries
Author: Kristina Dosen
Category:
Fiscal subject related
Views:
895
Content accuracy validation date:
08.12.2022
Content accuracy validation time:
11:24h
The speaker from the Swedish tax agency made a comparison of how VAT reporting models were before, how they are now, and what expectations there are for the future. What is certain is that all EU countries are heading in the same direction: more data from invoices, real-time reporting models, data storage and access, network analysis and continuous reporting; and so on. The goal is for everything to be at a higher level and harmonized across the EU. It is also stated that transaction-based reporting will probably be a reality in Sweden within five to ten years.
Then, there was a word about some open questions in terms of how the e-invoice model will look and whether there are any alternatives. A comparison of the cost of implementations that are already known in some countries, not only in the EU, has been introduced, as have some requirements and regulations that must be made from a technical perspective and what the expected benefits of these models are for the State Tax Agency. After that, the speaker presented non-standardized and standardized models of sending invoices from consumers to the Tax Authority scheme and how data flow will look, but only a general approach in terms of how digitalizing these reports will be better than how it was before and how it will affect different sectors such as banks, accountants, ERP systems, public agencies, etc. and how it will affect different kinds of VAT relevant documents such as invoices, simplified invoices, orders, purchases to pay, etc., which is important, especially from the fiscalization perspective.
Other news from Other countries
Vietnam's New Invoice Regulations Take Effect June 1, 2025
Public
Other countries
Author: Ivana Picajkić
Other countries
Author: Ivana Picajkić
Decree 70/2025/ND-CP revises invoice issuance timing for high-volume services and adds rules for insurance, lottery, casino, and prize-based electronic games. Starting June 1, 2025, business households with annual revenue ≥1 billion VND (38,454.14USD) and enterprises selling goods must use e-invoices from cash registers. Erroneous invoices are prohibited. Adjustments to Invoice Issuance Deadlines... Read more
VAT Refund in Mexico: Get Up to 16% VAT
Public
Other countries
Author: Ema Stamenković
Other countries
Author: Ema Stamenković
Mexico offers foreign tourists up to 16% VAT refunds on purchases at affiliated stores, with minimum purchase amount of $1,200 and payment methods of cash, credit, or debit card. When customers are visiting Mexico, they can get back up to 16% of the VAT (Value Added Tax) they pay on purchases at participating stores. To get this refund, there are a few things you need to keep in mind: You need... Read more
South Africa Updates VAT Rules for Foreign Digital Suppliers (April 2025)
Public
Other countries
Author: Ljubica Blagojević
Other countries
Author: Ljubica Blagojević
South Africa’s new VAT rules (Regulations No. 5993, effective 1 April 2025) update the treatment of electronically supplied services by foreign digital providers. B2B-only suppliers no longer need to register for VAT, while B2C and mixed suppliers must register if their turnover exceeds the threshold. Intra-group digital services are VAT-exempt under specific conditions. The changes aim to moderni... Read more
Netherlands and EU's ViDA: New VAT Rules for Platforms in Accommodation & Transport
Public
Other countries
Author: Ljubica Blagojević
Other countries
Author: Ljubica Blagojević
Under the EU’s ViDA initiative, new VAT rules from March 2025 make platforms in the accommodation and transport sectors liable for VAT on short-term stays (≤30 nights) and road transport, unless the supplier provides a valid VAT/OSS ID or qualifies under an SME scheme. B2C services are taxed where used, B2B where the recipient is based. Platforms must keep transaction records for 10 years. The rul... Read more
Understanding U.S. Sales Tax for Online Retailers
Public
Other countries
Author: Ivana Picajkić
Other countries
Author: Ivana Picajkić
In 2024, U.S. ecommerce reached $1.192 trillion, with most online purchases involving taxable goods. Sales tax rates vary across more than 13,000 jurisdictions, and the applicable rate depends on state-specific sourcing rules, typically based on the shipping address, but sometimes the seller’s or billing address. Retailers must stay compliant with each state’s rules, including how shipping fees ar... Read more
Vietnam's New E-Invoicing Rules: What You Need to Know (Starting June 1, 2025)
Public
Other countries
Author: Ema Stamenković
Other countries
Author: Ema Stamenković
Vietnam's Decree 70/2025/ND-CP amends Decree 123/2020/ND-CP, enhancing e-invoicing for digital and cross-border businesses. It expands e-invoicing scope, sets issuance timelines, mandates invoice content and format, and requires businesses with over VND 1 billion(38483.80USD) revenue to use cash register e-invoices linked to tax authorities. Vietnam is updating its e-invoicing system through Decre... Read more
Latvia Embraces Digital Invoicing
Public
Other countries
Author: Ema Stamenković
Other countries
Author: Ema Stamenković
Latvia is implementing mandatory e-invoicing starting in 2025 to simplify transactions, boost tax compliance, and reduce the shadow economy. The centralized model will be implemented for B2G transactions and B2B transactions in 2026. The initiative aims to reduce tax evasion, increase efficiency, and standardize EU-compliant formats. Challenges include technical upgrades, staff training, and initi... Read more