Category: World

Although the European Union (EU) has established Extended Producer Responsibility (EPR) policies through legislation like the Directive on Waste Electrical and Electronic Equipment and the Directive on Packaging and Packaging Waste, the implementation of these policies can still vary significantly across member states and is continually evolving.  Since the Omnibus proposal was announced on February 26th,…

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.

If you are wondering how to increase your sales, expansion into foreign markets is one of the solutions. This is a process that may seem daunting at first, but the European market promises significant profit in a short period of time. World wide access to the Internet, as well as membership in the Schengen Area,…

China’s three biggest stock exchanges - the Shanghai Stock Exchange (SSE), Shenzhen Stock Exchange (SZSE), and Beijing Stock Exchange (BSE) - have joined the ranks of the EU, US, Brazil, and Singapore, among others, to establish ESG reporting requirements for companies. These requirements are stricter than the International Sustainability Standards Board (ISSB) financial requirements and…

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…

Are you wondering if you have obligations under Spanish Extended Producer Responsibility (EPR) regulation? EFF has recently opened a hub in Barcelona with EPR specialists ready to offer a personalized consultation on your requirements and guide your team through the process.

Invoices and other pertinent tax papers must now include a two-dimensional bar code (QR code) and a unique document code ATCUD (Sequential Number Validation Code), according to the Portuguese tax authority (Autoridade Tributaria e Adueneira, or AT).

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…

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.

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.

Because of numerous queries received concerning what a German invoice should look like and what it should include, we decided to draw up a set of guidelines on how to issue such documents correctly.

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…

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…