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Tag: SAF-T

Death of the VAT Return? e-invoicing, SAF-T & pre-filled returns

Death of the VAT Return? e-invoicing, SAF-T & pre-filled returns

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Tax authorities migrating from VAT returns to digital transaction reporting: e-invoices; real-time reporting; SAF-T; Control Statements; with pre-filled VAT returns Driven by stubborn VAT fraud and other missing indirect tax revenues - the EU VAT Gap is €93 billion - many countries around the world
Hungary SAF-T mid-2023?

Hungary SAF-T mid-2023?

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SAF-HU may be launched mid-2023 following COVID-19 delay Hungary’s National Tax and Customs Administration (NAV) has launching a pilot of the OECD’s Standard Audit File for Tax (SAF-T). It has already completed a public consultation at the start of 2021. Given the ongoing COVID-19 emergency,

Portugal SAF-T (PT)

Portugal SAF-T (PT)

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Non-resident business with a Portuguese VAT registration must submit monthly invoices under SAF-T PT from Jan 2023 Foreign businesses producing their Portuguese invoices using certified software are obliged from 1 January 2023 to submit monthly invoice summaries using the SAF-PT format. This will be due

Continuous Transaction Controls CTC; digitisation of VAT invoice reporting

Continuous Transaction Controls CTC; digitisation of VAT invoice reporting

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Real-time transaction-based reporting and pre-clearance of VAT invoices to tax authorities to improve tax collections and simplify compliance Governments seize control of invoicing process As governments around the world look to close the VAT Gap – missed VAT or GST tax collections – many are

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