Global tax authorities are evaluating new machine learning and artificial intelligence (AI) algorithms to combat fraud
Type: Draft Legislation Tax authorities have been covertly assessing the uses of the newest phase of AI, natural language technologies based on reinforcement learning, such as Chat GPT, to support […]
Transitioning to mandatory e-invoicing: Egypt phases out paper invoices by July 2023
Type: Legislation In July 2023, paper invoices will no longer be valid for VAT deductions in Egypt, as the country implements mandatory e-invoicing for both B2B and B2C transactions. The […]
Croatia Fiscalization 2.0 Project
Type: Legislation Croatia’s Tax Administration and Ministry of Finance have created a new financial project with the goals of modernizing the financial system, enabling VAT integration, maintaining e-Archives, online records […]
Denmark: New automatic check of reported VAT figures
Type: Legislation To enhance its capacity to audit data in VAT declarations, the Danish tax authorities, on 19 January 2023, introduced an automatic comparison of the figures given in “EU […]
Launch of the Simplified VAT registration portal for non-residents in May 2023
Type: Legislation The Tax Authorities of Egypt will soon introduce a new, more straightforward registration form and reporting platform for international suppliers of digital or electronic services. This will be […]
Romania B2B RO e-invoicing eFactură update
Type: Legislation Romania will fully implement eFactură B2B electronic invoices in 2024. Romania abandoned plans to gradually bring out mandatory B2B e-invoicing to all businesses. Instead, it will strive for […]
