How is Al changing the tax function? Santhie Goundar investigates the changes firms are seeing; VAT case study It’s well documented how tax authorities AI is being used to close tax Gaps. But what about VAT? By Santhie Goundar for Financial Accountant. Of all the
PDF Qualified Electronic Signatures delay till Jan 2025 Portuguese businesses may continue to use PDF invoices as ‘electronic invoices’ until 31 December 2024. After which, they must include a Qualified Electronic Signatures (QES) from 1 January 2025. QES’ may only be issued to taxpayers by
July 2024 National e-Invoice System (KSeF) B2B e-invoicing mandate – new public consultation A new KSeF e-invoicing consultation has been opened this week on two draft pieces of legislation: Updated technical regulations covering: QR Codes; new types of authorisations and authentication methods, also in relation to
Electronic invoicing to double VAT revenues Nigeria’s governmental review has identified the implementation of e-invoicing as a key strategy to double VAT revenues. A form of mandatory e-invoicing is already in place with the Central Bank for clearing payments. No timing has been provided by
Nov 2023: 1-year delay on the SAF-T Accounting to 2025 Portugal has delay for 1-year the implementation of annual SAF-T Accounting reporting. The new first period of reporting will be 2025 (instead of 2024). The first report will be due early 2026. The SAF-T accounting
ViDA doesn’t achieve political agreement in 2023 The EU’s VAT in the Digital Age 3-pillars of reforms will not achieve final agreement by EU Finance Ministers this year as planned. This means it passes from the current Spanish to the Belgian presidency of the EU
Persistent, huge VAT fraud issues push tax authorities to adopt Machine Learning and Generative Artificial Intelligence National tax agencies in Europe and beyond are increasingly turning to Artificial Intelligence tools to help bring down stubborn Value Added Tax fraud leakage. The EU estimates it loses
Anti-VAT fraud measure from January 2024 Denmark is to be the latest EU member state to introduce the domestic reverse charge on business-to-business supplies of telephony services. The anti-VAT fraud measure will come into effect from 1 January 2024. The measure applies to B2B wholesale
