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
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
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
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
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
Latest country to impose tax on foreign streamers to support local TV production; will not contravene OECD BEPS Pillar 1 Denmark is joining Switzerland, Portugal and Spain with a 2% turnover tax on non-resident providers of streaming TV and films. This will rise to 5%
For resident taxpayers, only state or VERI*FACTU approved invoicing software may be used to prepare and issues invoices from July 2025 Spain has published the Royal Decreee for 1 July 2025 lauch rules on invoices and their production electronically, including computerised invoicing. This includes certified
EU’s Commission evaluates Italy’s €870m VAT assessment on Meta/Facebook for ‘free’ platform in exchange for users’ personal data The European Commission’s VAT Committee is evaluating the VAT liabilities of Meta (Facebook) raised by the Italian authorities on the free provision of the Facebook social media
Launch of VAT e-invoicing and fiscal devices 2024 The central African state of the Democratic Republic of Congo is to launch a mandatory VAT e-invoicing and fiscal devices (cash registers) next year. The aim is to curb Value Added Tax fraud and evasion. The initiative
