German e-invoicing approval likely 22nd March
EU assesses Missing Trader VAT fraud
First phase of EC estimate of losses due to missing trader intracommunity report The European Commission has published the first phase report on its attempt to quantify the value of missing trader intra-community VAT fraud. This involves criminals initiating declaring zero-rating on sales of goods
EU VAT in the Digital Age agreement 14 May likely
EU ViDA reforms political agreement set for 14th May 2024 The 3-pillared ‘VAT in the Digital Age’ (ViDA) reforms are likely to win political agreement before the end of May this year. This follows solid progress this month on technical issues that had delayed the
Poland AI & e-invoicing fights VAT fraud
Poland’s machine learning STIR tackles missing trader VAT fraud In 2017, Poland launched its System Teleinformatyczny Izby Rozliczeniowej (STIR) machine learing Artificial Intelligence (AI) programme. This uses algorithms to analyse large data of taxpayer activities to detect suspicious transactions, fraud and non-compliance. This was in the
Philippines VAT on digital services update
Bill to impose 12% VAT on nonresident digital service B2C providers & platforms The Philippines Senate accepted on 6 February 2024 for review Bill No. 2528 imposing VAT on foreign providers of digital services to consumers. The Bill is now pending a second reading and
UK raises VAT registration threshold to £90,000
Annual threshold for compulsory VAT registration increases to £90k from £85k The first rise in the UK VAT registration threshold in over eight years was announced today in the UK Budget. The threshold will rise to £90,000 from the current £85,000. This was set in
Poland 2025 KSeF e-invoicing; legislation end March
Draft legislation end of March for launch of delayed mandatory KSeF B2B e-invoicing Following a February public consultation the Polish Ministry of Finance has confirmed relaunch plans for the delayed mandatory KSeF e-invoicing regime: End of March draft legislation with no material changes to original
Israel B2B e-invoicing delay to 5 May 2024
Israel delays 1 month B2B centralised pre-clearance e-invoicing to tackle fictitious invoice fraud As expected, the Internal Revenue Service postponed the planned April 2024 phased launch of B2B e-invoicing – “Israel Invoices“. The new launch date is 5 May 2024. From this date, invoices above
Bulgaria SAF-T 2025 update
National Revenue Agency progresses OECD-based Standard Audit File for Tax of transactional-level VAT data Bulgaria is preparing to join other countries implementing SAF-T, the OECD-backed standard schema for the exchange of information between tax payers and authorities. The first version of the Bulgarian SAF-T XSD