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VAT Exemption Granted for Supplies Delivered to Hospitals in Romania

Romania /

VAT Exemption Granted for Supplies Delivered to Hospitals in Romania New VAT Exemptions Introduced in Romania for Supplies to Hospitals The Romanian government has enacted Law No. 88 of 11 April 2023, which introduces several new VAT exemptions. These exemptions are applicable to various supplies made to hospitals and aim to support the healthcare sector. […]

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Italy Enacts Law to Implement EU Directive on Automatic Financial Account Information Exchange for Digital Platform Operators

Italy /

Italy Enacts Law to Implement EU Directive on Automatic Financial Account Information Exchange for Digital Platform Operators A new law has been passed in Italy through Legislative Decree No. 32, which enforces EU Council Directive 2021/514 for digital platform operators (DAC7). This directive mandates the automatic exchange of financial account information among such operators. This

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API MANAGEMENT PLATFORM

Italy /

API MANAGEMENT PLATFORM On May 15, 2023, the Italian Tax Authority (Agenzia delle Entrate) plans to introduce a new platform, API Management, which will offer free services through APIs. The main objective of this initiative is to simplify administrative processes and encourage the use of digital services. The API Management platform is intended for users

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SPAIN B2B E-INVOICE UPDATE

Spain /

SPAIN B2B E-INVOICE UPDATE On July 3, 2023, the Spanish Ministry of Economic Affairs and Digital Transformation, along with the Ministry of Finance and Public Function, released a Prior Public Consultation regarding B2B e-Invoicing. According to the consultation, the implementation of B2B e-invoicing will be made mandatory for large taxpayers with a turnover exceeding €8

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The Ministry of Finance intends to release a preliminary version of a mandatory discussion draft for B2B e-invoicing publication.

Germany /

The Ministry of Finance intends to release a preliminary version of a mandatory discussion draft for B2B e-invoicing publication. Germany is proactively getting ready for the anticipated B2B e-invoicing requirement, aligning with the ViDA (VAT in the Digital Age) proposal. The BMF (Federal Ministry of Finance) of Germany is planning to release a “discussion draft”

The Ministry of Finance intends to release a preliminary version of a mandatory discussion draft for B2B e-invoicing publication. Read More »

Vat exemption

Italy /

Italy’s proposal to increase the threshold for VAT exemption has been approved by the EU Council. Italy’s request to the European Commission to raise the VAT exemption limit from EUR 65,000 to EUR 85,000 has been granted approval. The European Commission has released a memorandum detailing Italy’s request for a derogation from Article 285 of

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Spain Plastic Tax Mandate

Spain /

Spain Plastic Tax Mandate Starting from January 1, 2023, the new tax on non-reusable plastic packaging has been implemented in Spain. The Spanish tax authorities have released multiple documents and a ministerial order, published in December 2022, to provide updated guidelines regarding the compliance requirements for this tax. These resources serve as valuable references for

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ANAF in Romania employs specific inconsistency criteria to initiate a tax audit on a company.

Romania /

ANAF in Romania employs specific inconsistency criteria to initiate a tax audit on a company. As per Article 7 of the Fiscal Procedure Code, tax administration procedures in Romania are conducted based on the fiscal risk classification or subclassification assigned to taxpayers. This classification is determined through a risk analysis conducted by the tax authority.

ANAF in Romania employs specific inconsistency criteria to initiate a tax audit on a company. Read More »

Romania has implemented regulations regarding the taxation of tips

Romania /

Romania has implemented regulations regarding the taxation of tips Romania is swiftly enacting a newly released regulation that outlines guidelines for the taxation of tips and its impact on the issuance of fiscal receipts. As per a legislative draft adopted on December 13, 2022, by the Chamber of Deputies, employees in various establishments must now

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All About Ticket Bai

Spain /

All About Ticket Bai The regional tax authorities, along with the Basque government, have initiated a collaborative effort to combat tax fraud. This initiative, known as TICKET BAI, focuses on implementing a series of new technical and legal requirements that will have a direct impact on the invoicing practices of businesses. The primary objective of

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