The Romanian Ministry of Finance has recently published draft legislation proposing a first phase of mandatory real time reporting system of invoices (irrespective of their format) from […]
All posts by Roberta Bozzolan
Italy – VAT deductibility for end of the year invoices received in January
In the context of the new Italian tax reform legislation (Law 111/2023, published on 09/08/2023), a new provision allows taxpayers to choose in which period they can […]
Belgium – Draft legislation on B2B e-invoicing from 1st January 2026
On the 29th September 2023, the Belgian Council of Ministers approved preliminary draft legislation in regards to B2B structured e-invoicing related to domestic transactions in Belgium which […]
Portugal and Cyprus – Extension of the zero VAT rate on essential goods
The Portuguese government has extended the zero VAT rate to basic food until the end of 2023. The exemption applies to 46 everyday foods, from fruit and […]
Romania – Change in VAT rate in the wood and energy industries
From the 11th July 2023, the Romanian Law no. 216/2023 introduced the following changes in the application of the 5% VAT rate:
Denmark – New automatic functionality to reconcile amounts declared in the VAT return
From June 2023, the Danish authorities have introduced a new VAT functionality to automatically reconcile the intra EU transactions (sales and acquisitions) included in the VAT return […]
Switzerland – VAT compliance changes from 1 January 2025
The Swiss Parliament has approved a series of changes to its VAT Act, which will be effective from the 1st January 2025. These changes include:
Netherlands – Change in the invoice requirement for triangular simplification and on small businesses regulation
From the 1st September 2023, in case of a triangular simplification (simplified ABC scheme) using the Dutch VAT number, the text indicated in the invoice issued by […]
Denmark – Interest on VAT corrections from 1st July 2023
From the 1st July 2023, the Danish tax authorities will charge interest of 0.7% per month (8.4% per annum) on VAT corrections; underpayment of VAT or over […]
Romania – Change in VAT return form
On the 26th July 2023, the National Agency for Fiscal Administration has introduced 2 additional rows in the form D300 – VAT Return, in order to reflect […]
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