The introduction of e-invoicing obligations in Europe remains high on the political agenda. However, there have been delays both at EU level and in many EU Member States, most recently due to technical problems. You will find an update on current developments in our newsletter. In our online seminar on 06.02.2024 we will give you additional in-depth insights.
The recording obligations for payment service providers introduced by sec. 22g of the German VAT Act are intended to combat VAT fraud in the area of cross-border e-commerce. The regulation has been in force since 01.01.2024. The German Federal Ministry of Finance has now already commented on the application of the regulation and has kindly granted an extension of the deadline for the first report.
Recently, the following developments occured in other countries:
+++ Czech Republic adjusted reduced tax rates +++ Estonia increased VAT rates +++ Denmark introduced measures to combat tax fraud +++ Italy's authorization for the split payment procedure was extended +++ Luxembourg ended temporary VAT rate reduction and extended reverse charge scheme +++ Malta implemented new VAT rate +++ Romania introduced mandatory e-invoicing as well as mandatory reporting of cross-border transports and changed regulations on the deferral of import VAT +++ Switzerland increased VAT rates +++ Turkey increased VAT rates +++