Standard Audit File for Tax SAF-T Harmonised transactional data schema for simplified exchange with tax authorities The countries below have implemented (or propose) the OECD’s Standard Audit File for Tax (SAF-T). This is an harmonised XML schema of company transaction data from accounting records for
Economists call selected government to boost productivity via pivot to raised and widened Goods & Services Tax Leading economists and policy experts are urging the Australian government to consider raising and broadening the Goods and Services Tax (GST) while cutting income tax, as part of
Updated agreement on EU-Norway VAT administration cooperation Norway has finalised the internal legal process for implementing a renegotiated agreement with the European Union on administrative cooperation in the field of VAT, aimed at combating cross-border VAT fraud. Storting approval On 4 June 2025, the Storting
Bulgaria adopts Euro currency 2026: authorities to monitor VAT for speculative price hikes On 19 June 2025, Euro zone finance ministers officially recommended that Bulgaria join the euro area on January 1, 2026, making it the 21st member of the euro zone. This recommendation follows
15% sales tax in 2028 in exchange for open border with Spain As part of a landmark post-Brexit agreement between the UK and Spain, Gibraltar has committed to introducing a 15% Transaction Tax on goods by 2028 – which then rises to 17% within two
2025 changes to M-Sheet (M-form) domestic purchase invoice reporting Hungary is undergoing a significant digital transformation in its VAT reporting system, centred around the evolution of the M-sheet (domestic recapitulative statement). This will long-term be modified further by the EU VAT in the Digital Age
Annual VAT registration thresholds and Intrastat dispatches & arrivals The table below provides the latest European VAT registration thresholds for resident and non-resident (foreign) businesses, plus Intrastat reporting threshold. Separately, the EU VAT registration threshold equivalence for SME taxpayers resident in other EU states comes
Electronic Billing System third wave taxpayers 2026 In the 2025-26 Budget, the third wave of taxpayers were confirmed to be mandated for e-invoicing for businesses operating based on a Continuous Transaction Controls CTC model. The first, large tax payers, RS 100m turnover, will be expected
