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Archive for August 2023
Mandatory VAT reporting in Italy
In this blog post, you will learn more about the requirements for VAT reporting in Italy. This is particularly relevant for companies that have subsidiaries in Italy, as they are affected by the requirements. In Italy, a “centralized exchange model” is used. This model stipulates that all transactions are validated and exchanged through a centralised…
Read MoreWhat are the upcoming rules on VAT reporting in France?
In many places worldwide, tax authorities are digitising value-added tax reporting. In this context, many countries are opting to introduce the CTC (Continuous Transaction Controls) model. CTC dictates that invoices must be submitted for approval through a platform managed by a public authority. Currently, France employs a post-audit model where invoices are simply forwarded. However,…
Read MoreThe future of e-invoicing and VAT reporting in Germany
In Germany, there are plans to make electronic invoicing between Business-to-Business (B2B) companies mandatory. This change is part of the German government’s efforts to digitise its value-added tax and invoicing processes. As of July 2021, electronic invoicing for Business-to-Government (B2G) transactions became mandatory in Germany. This means that all companies providing goods or services to…
Read MoreAn update about the upcoming-invoicing requirements in Spain
What new requirements are included? In June 2023, the Spanish government drafted future invoicing requirements that mandate electronic invoicing for companies, also known as e-invoicing. The Spanish e-invoicing system will encompass both private electronic invoicing platforms and a public electronic invoicing solution managed by the Spanish tax authority. Various formats will be accepted for e-invoicing:…
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