Latvia’s e-Invoicing Journey
Type: Draft Legislation Latvia is set to implement mandatory e-invoicing by 2025, adopting the PEPPOL standard for consistent and secure document management. Since April 2020, government transactions tied to public […]
EU Initiates Derogation Proceedings for German Mandatory B2B Real-Time E-Invoicing Reporting Starting January 2025
Type: Legislation The European Commission has recently commenced the approval process to enable Germany to implement mandatory electronic invoicing for business-to-business (B2B) transactions. The planned implementation date is set for […]
Upcoming Changes for Businesses Utilizing IOSS
Type: Draft Legislation The EU European Commission’s Customs Union 2028 reforms have introduced the ‘Deemed Importer’ model, impacting businesses using the Import One-Stop Shop (IOSS) from March 2028. The reforms […]
EU Parliament pushes for new taxes
Type: Legislation Proposal In order to fund the €800 million post-pandemic economic recovery and green and digital transformation plans for the EU, the European Parliament has supported a report calling […]
Impact of EU “VAT in the Digital Age” proposals on UK/non-EU organizations
Type: Legislation The European Commission’s “VAT in the Digital Age package” (ViDA), which was announced on December 8, 2022, aims to modernize EU VAT regulations further and change how firms […]
VAT Committee concludes NFTs should be treated as taxable electronic services
Type: Review The European Commission’s VAT Committee recently released a review discussing the VAT implications for NFTs within the EU. The report aims to provide clarification on the rapidly evolving […]
