Category: VAT

Bulgaria is advancing its tax compliance framework by implementing the Standard Audit File for Tax (SAF-T), an OECD-developed international standard for electronic data exchange between taxpayers and tax authorities. This initiative aims to enhance transparency, streamline auditing processes, and facilitate more efficient tax compliance.

On March 11, 2025, following extensive negotiations, consultations, and legislative work, the Council of the European Union officially adopted the "VAT in the Digital Age" (ViDA) package, introducing sweeping reforms to the EU VAT system. As a result, amendments to the EU VAT Directive and associated regulations will be required. Implementing regulations will take effect…

Starting from January 2025, Switzerland will introduce an option for businesses with a turnover of up to CHF 5,005,000 to switch to annual VAT reporting. This new system will provide an alternative to the current quarterly, semi-annual, or monthly reporting requirements. The change aims to simplify VAT compliance for smaller businesses while maintaining efficient tax…

The Estonian Ministry of Finance has proposed significant changes to VAT reporting and the implementation of mandatory e-invoicing to improve VAT collection.

The Estonian government has announced changes to its value-added tax (VAT) structure as part of its broader fiscal strategy.

The Slovak government has approved significant amendments to the country's VAT regulations, set to take effect from January 1st, 2025. These adjustments aim to bolster public finances and streamline the tax framework. The standard VAT rate will rise from the current 20% to 23%, marking a notable shift in the country's fiscal policy. Additionally, the existing…

As early as December 13, 2024, the new GPSR (General Product Safety Regulation) will take effect, replacing the existing General Product Safety Directive. For e-commerce companies selling on European markets, this is a significant change that requires attention and appropriate action.

Understanding the rules that apply to the taxation of real estate transactions is essential for anyone operating in the market, whether investors, developers or individuals. The variety of regulations that determine when and how much VAT should be charged, and when to apply other forms of taxation, such as civil law transaction tax (PCC) or…

Can we really talk about fair play in the global financial system when certain countries offer much more favorable tax conditions, thus attracting capital that could be taxed in the country of origin? This question brings us closer to understanding what so-called tax havens are and how they work. These jurisdictions, often referred to as…

The Finnish government has decided to increase VAT rates. The change is expected to take effect on 1 September 2024. The decision was taken with the objective of stabilizing public finances and enhancing their robustness. Below you will find a summary of the current Value Added Tax (VAT) rates in Finland, along with the rates…

A new service at EFF, enabling direct VAT registration and VAT compliance services in Norway, opens up a wide range of opportunities for Polish entrepreneurs to expand in this attractive market. Norway, as part of the European Economic Area (EEA), is becoming an increasingly inviting destination for various industries in Poland every year. It has…

Purchasing products from companies operating within the territory of EU member states may generate tax liabilities if the transactions are carried out within the framework of Intra-Community Acquisition of goods (ICA). What elements are taken into account in determining the tax base, and when exactly does tax liability arise? Today’s article will answer these questions…

As of 2024, Poland has implemented a new plastic tax with a clear mission: to tackle the harmful effects of plastic on our environment. This tax is a step towards reducing the use of single-use plastic products and promoting eco-friendliness.

VAT, or value added tax, is an indirect tax that is levied on most products and services sold in the European Union. VAT rates applied in the EU vary from country to country but are between 15 and 27%.

The President of the Czech Republic signed the budget law that consolidates the reduced rates of 15% and 10% into a single reduced rate of 12%, effective January 1, 2024.

On the 10th of November, the Swedish Tax Authorities published a clarification to the invoicing guidelines. This will enable you to understand what a complete invoice is and what it should contain.

When it comes to taxation and business identification in Germany, two terms often surface: Steuernummer and VAT ID number (USt-IdNr). They play distinct roles in the realm of taxation and business operations. In this article, we will delve into the difference between these two numbers, their purposes, and their significance for businesses.

Why do so many Polish entrepreneurs provide their services to clients from other EU countries? Border-free policy, universal access to the Internet, and free communication with contractors from the farthest corners of Europe are the answer to this question. However, this accessibility comes with additional obligations, an example being VAT. The law regulates both the…

A new system of penalties and VAT interests will be introduced by HMRC and will replace the previous Default Surcharge system. The change will apply to reporting periods which commence on January 1st, 2023. Contrary to the previous system, penalties will be divided into two types: one for late submission of VAT returns and the…

In the first part of the article, we mentioned some crucial changes related to the introduction of the Polish Deal. Tax relief for the middle class or PIT 0 for 4+ families are only a fraction of what the government has prepared. Today we will take look at the subsequent changes – especially since some…

Does your company register to VAT in multiple countries? If so, here are the best practices offered by our accountants. These will help you run your business both in Poland and abroad.

Changes in distance selling between EU member states and non-EU countries made a great impact on the existing methods of VAT tax settlement. In addition to modifications in tax law in Great Britain and Northern Ireland there are also new suggestions resulting from the introduction of VAT OSS which requires submitting tax declarations online.

The new economic plan prepared by the government includes various tax reliefs. One of such reliefs is the tax relief for robotization which enables entrepreneurs to obtain a return on purchasing innovative technologies. Which companies can benefit from it?

In November President of Poland Andrzej Duda signed the Polish Deal Act, which provides financial assistance for Polish citizens and entrepreneurs. Some of the new regulations have already been entered into the Journal of Laws, and will take effect in January 2022. What changes does the Act include?

Brexit has led to many vital economic changes including those in the e-commerce sector.When the UK decided to leave the EU, it became an external trading partner for the remaining Member States. For this reason, the form of taxation for goods imported and exported via the UK to be later sold online had to change.

VAT OSS (One Stop Shop) is a replacement VAT settlement method for VAT MOSS (Mini One Stop Shop). Since July 2021 online shops owners can settle VAT easier with the help of VAT OSS or VAT IOSS. One of the options available is OSS – a tax settlement method which allows European companies operating in…

In order to help entrepreneurs carry on business activity during a global crisis a variety of alternative support solutions emerged. The new changes concerned, for example, the methods of maintaining financial liquidity or partial cancellation of financial obligations. The latter solution has been quickly implemented, as under the Anti-Crisis Shield programme, business owners were able…

Are you engaged in international or eCommerce trade and shipping products to other EU countries? If so, then you are obligated to submit additional tax declarations on the products sold and services provided across EU borders. VAT declarations must be submitted in the form of an EC Sales List (also: ESL or ECSL). What exactly…

When conducting business based on distance selling you should keep in mind the available methods of VAT settlement. If all requirements are met, the seller may choose the country of taxation. Why is it worth doing? Choosing the right country of taxation may help you save money. As currently the VAT rate in Poland is…

Are you planning on conducting business activity and wonder if you should register as a VAT payer? Before taking the next step, find out in which situations you will be subject to VAT exemptions.

In 2021, changes regarding the methods of settling VAT in the EU will be introduced. The package of regulations will be aimed at entrepreneurs in the e-commerce sector, who focus on selling goods and providing services online. The Polish government is already working on the implementation of the package. So what will the new VAT…

Promisingly, the more popular international trade becomes, the more entrepreneurs decide to expand their businesses. However, before you decide to trade with countries outside the EU, consider these requirements which ensure legal and procedural compliance of such transactions – one of them being the EORI number.

The e-commerce market in Poland used to be dominated by a local brand – Allegro. However, a few months ago, the third biggest American investor in Poland – Amazon – announced the opening of a Polish version of their platform. It was launched on March 2nd, 2021 – this time without any default redirections to…

Although it has been a year since the pandemic outbreak was officially declared in Poland, entrepreneurs are still struggling with a difficult economic situation, trying to keep their businesses afloat despite the existing restrictions. In order to support them, the government offers a wide range of additional funding and tax relief programmes. As the situation…

In recent years Brexit has raised many questions not only among the British citizens but also among entrepreneurs conducting businesses or planning to expand the scope of their businesses to the British market. For months there have been much speculation about the changes resulting from Britain's withdrawal from the EU. Today, we can finally rely…

Polish tax law will face many changes in 2021, including changes in JPK (the Polish Standard Audit File for Tax). The new regulations regarding VAT declaration JPK_V7 have already been applicable from 1 October 2020. VAT payers must submit both VAT declaration and transactional VAT records in one electronic form. Yet this is not the…

The Minister of Development Funds and Regional Policy announced that as of next year limited partnerships, similarly to companies and limited joint-stock partnerships, will be subject to corporate income tax. Due to the difficult economic situation entrepreneurs have been given time until the end of April to acquaint themselves with the proposed changes. The new…

According to the EEC, trade between countries of the EU should be based on the same principles as domestic transactions. Such a solution, uniform for all entrepreneurs, facilitates cooperation and eliminates the need for any additional documentation or charges. A need may arise, however, for the enterprise to share some information regarding trade for statistical…

In line with the Council Directive (EU) 2017/2455, the system previously known as MOSS (Mini One Stop Shop) will be converted into OSS (One Stop Shop). The new scheme will result in simplification of tax processes for eCommerce sellers, specifically B2C (Business-to-Consumer) based, as well as other changes. Find out more about the new changes,…

Although Personal Income Tax (PIT) in Poland may not put much strain on domestic enterprises, for those companies which operate internationally, taxation becomes a little more complicated. It is not the calculation of revenue for the previous year that causes most problems for the companies but determining what type of taxation they are subject to…

Logistics on international scale and invaluable support for online selling – that’s how one can in short describe Amazon FBA, the selling platform of Amazon, a giant on the market of digital commerce. Owners of online stores use this form of trade for many reasons, and its benefits mostly result from Amazon’s access to the…

VAT is one of the most important sources of income for most governments. In the EU, VAT has increased its share of government revenue during the last ten years compared with income taxes and social security contributions. This is one of the reasons why VAT reporting obligations and penalties have also increased.