ViDA – major progress needed on Single VAT Registration and Platform Economy reforms in 2023 for 2025 launch. Significant consensus on more complex Digital Reporting Requirements also required for 2028 implementation On 8th December 2022, the European Commission (EC) published its proposed VAT in the
ViDA – the most ambitious reforms to the EU VAT regime in decades to raise billions in taxes, plus offer businesses and e-commerce sellers major savings The European Commission (‘EC’)‘colleague commissioners on 8 December 2022 adopted the proposed Council Directive amending VAT Directive 2006/112/EC in relation
Government change delays implementation of digital invoice and record keeping phased launch The implementation of the Danish Bookkeeping Act has been delayed at the start of December. This was due to the delay in formation of a new government – subsequently completed last week. Denmark was
The EU is undertaking an extended program of reforms to its Value Added Tax regime. This commenced with the 2016 Tax Action Plan, containing over ten reforms included the later separated 1 July 2021 e-commerce VAT package and the new VAT in the Digital Age
2028 taxpayers must be able to issue and receive e-invoices within 2 days for Intra-community supplies – VAT in the Digital Age From 1 January 2028, e-invoices for supplies of goods or services across EU borders (Intra-community Supplies (ICS)) must be issued. The current maximum
ETTN portal extending to all live reporting of electronic invoices The State Tax Service of the Central Asian state of Kyrgyzstan has confirmed that all businesses will have to adopt the Electronic Invoice Note system (ETTN) from 1 January 2023. It has already been in
ViDA – the most ambitious reforms to the EU VAT regime in decades will be unveiled on 8th December 2022. What should we expect? I’ve dusted off my crystal ball. A treat. And in this blog I get to speculate what big changes to EU
National Bureau for Revenue set-up consultations with industry on launch plans for e-invoicing The Bahrain NBR is organising a serious of consultations and workshops with major businesses around launch plans for electronic invoicing. This will be review potential technical standards, launch planning and to review
Tender launched for electronic invoicing service launch based on EU standard on eInvoicing (EN 16931) Lithuania has started on the long road to introduce electronic invoicing for taxpayers. This will be based on the EU standard on eInvoicing (EN 16931). The Ministry for the Economy has started
Phased introduction of mandatory electronic invoicing 2020 to 2022 The West African islands of Cape Verde introduced electronic invoicing from 2020. It is being phased in with a completion target of before the end of 2022. VATCalc’s live VAT invoice transaction and e-invoice tracker on real-time
