Estonia 2025 customer e-invoicing option
2025 Accounting Act e-invoicing legislation in consultation Estonia’s Ministry of Finance has circulated in December 2023 its prospective Accounting Act Amendment Bill. This seeks to introduce optional mandatory e-invoicing from January 2025. This would give resident B2B customers the option to insist on e-invoices from
Global shift to prefilled VAT / GST returns
Tax authorities stage a coup d’etat of taxpayers’ VAT returns – EU VAT in the Digital Age next? What’s the hottest topic in tax authorities’ minds? Live reporting? VAT on digital services? E-invoicing. No! It’s a much more fundamental shift of tax reporting control from
Tax authorities adopt AI for tax fraud and efficiencies
New models of Artificial Intelligence (AI) and Machine Learning (ML) are being evaluated by global tax authorities to tackle fraud As the world wrestles with the newest phase of AI – natural language tools based on reinforcement learning, such as Chat GPT – tax authorities
Italy SdI e-invoicing helps ensure EU fraud targets hit early
Meeting anti-fraud tax gap targets helps unlock EU COVID funding ahead of schedule Italy’s Treasury has released Istat data for 2016 to 2021 revealing major improvements in closing down tax fraud and the tax gap – the difference between forecast and received fiscal revenues. The
France updates import VAT deferrment regime
New Administrative Guidelines for French import VAT deferment Following a public consultation in 2023, the French tax office published new Administrative Guidelines for the use of its Deferred or Postponed VAT Accounting for importers. Since January 2022 (see below) this has offered importers the opportunity
Paraguay e-invoice Marangatú SIFEN 2024 update
SIFEN e-invoicing regulations updated January 2024 Paraguay has updated the original regulations that introduced e-invoicing and e-receipt reporting in 2017. The final taxpayers go mandatory by January 2025. The latest Decree 872/2023 was issued December 2023 and came into effect from 1 January 2024. Key
Hungary eVAT digital ledgers & pre-filled returns Jan 2024
NAV confirms eVAT (eÁFA) pre-filled VAT returns live Builds on RTIP real-time invoicing; initially voluntary pre-completed VAT returns and tax-code mapping service Hungary’s National Tax and Customs Administration (‘NAV’) confirmed on 1 January 2024 its new platform, eVAT, to enable taxpayers to freely access pre-filled
Greece myDATA e-book reporting Jan 2024 update
Updates to revenue and expense reporting to myDATA reporting Jan 2024 Greece’s tax transaction reporting regime platform, myDATA, includes a number of updates from 1st January 2024. There are longer term plans (see below) include mandatory VAT e-invoicing potentially from 2025. The start of the