Regulatory Analysis
On Friday, August 29, the Polish Ministry of Finance published important news regarding the KSeF (National e-Invoice System). As of 1 September 2025, the KSeF 1.0 Test environment has been officially shut down. Therefore, from now on no further testing can be conducted in KSeF 1.0. In practice, this means that to become a new KSeF user, taxpayers […]
Following the parliamentary approval of the KSeF 2.0 Act, Polish President Karol Nawrocki has signed the legislation on 27 August 2025. With this critical approval, which establishes the implementation timeline for Poland’s mandatory e-invoicing system – KSeF, the law now awaits publication in the Polish Journal of Laws (Dziennik Ustaw) to formally enter into force. […]
Israel has officially introduced changes to its CTC (Continuous Transaction Controls) system, accelerating the implementation timeline for the invoice allocation number request obligation. This obligation requires taxpayers to obtain a unique allocation number from the tax authority for invoices above certain thresholds, ensuring real-time verification of transactions. The changes to the implementation timeline were enacted […]
After months of anticipation, the Polish Parliament has approved the KSeF 2.0 Act, which now awaits the President’s signature and official publication in the Polish Journal of Laws. This milestone legislation revises the National e-Invoicing System (Krajowy System e-Faktur, or KSeF), scheduled to become mandatory from February 2026 for the first group of affected taxpayers. […]
The Canary Islands Tax Agency (Agencia Tributaria Canaria) has proposed amendments to expand its SII (Suministro Inmediato de Información) obligation to include multiple taxes beyond IGIC (General Indirect Canary Tax). The proposal is still in draft, nevertheless the technical specifications around it have already been disclosed. All businesses currently using the SII system for IGIC […]
Greece’s Independent Authority for Public Revenue (AADE) has issued Circular Ε.2030/2025 clarifying the application of Ministerial Decision A.1123/2024 on the e-transport framework. The circular confirms when a e-transport document is required and who must issue it. Key clarifications include: Obligation applies to all entities that move inventory (senders, carriers, and third-party senders) Issuer responsibilities clarified […]
On June 4, 2025, the European Commission and the European Central Bank each published convergence reports approving Bulgaria’s capacity to adopt the euro. This was in response to Bulgaria’s request for a convergence assessment on February 25, 2025. The reports indicate that Bulgaria could adopt the euro as early as January 1, 2026. While this […]
Greece’s Independent Authority for Public Revenue (AADE) has issued Circular Ε.2030/2025 clarifying the application of Ministerial Decision A.1123/2024 on the e-transport framework. The circular confirms when a e-transport document is required and who must issue it. Key clarifications include: Obligation applies to all entities that move inventory (senders, carriers, and third-party senders) Issuer responsibilities clarified […]
Since 1 July 2025, Portugal has implemented automatic VAT returns for domestic taxpayers. This new feature, aimed at easing the tax filing process for domestic businesses, will allow them to submit pre-filled VAT returns, simplifying compliance and minimizing the risk of errors. How It Works: Provisional VAT Return: PTA generates a draft return based on […]
The Polish Ministry of Finance has opened public consultations on the new logical structures of JPK_VAT with declaration – JPK_V7M(3) and JPK_V7K(3) for monthly and quarterly VAT taxpayers. All VAT-registered businesses in Poland that submit JPK_V7M (monthly VAT returns with declaration) or JPK_V7K (quarterly VAT returns with declaration) will be affected by these changes. The […]
During Fiji’s National Budget Address for the upcoming fiscal year 2025–2026, the Deputy Prime Minister and Minister for Finance, Strategic Planning, National Development & Statistics Professor Biman C. Prasad announced that the standard VAT rate will be reduced from 15% to 12.5%, starting August 1, 2025. The reduction is being made to help ease the cost […]
The Polish Ministry of Finance has reached another milestone in the KSeF 2.0 implementation roadmap with the publication of the technical API documentation and FA(3) logical structure on 30 June 2025. This publication enables businesses and software providers to begin preparations for implementing the KSeF 2.0 in the test environment, which aligns with the previously […]
Croatia has approved its new Fiscalization Law, published in the Official Gazette on 13 June 2025. This legislation represents the culmination of the “Fiscalization 2.0” project, expanding the current framework to include mandatory electronic invoicing and CTC (Continuous Transaction Controls) e-reporting in its scope. Key Aspects The law confirms the introduction of a decentralized mandatory […]
Papua New Guinea’s Internal Revenue Commission recently announced that specific goods deemed “essential” will be zero-rated for GST effective June 1, 2025 through June 30, 2026. Registered suppliers and retailers are required to adjust their pricing to reflect a new zero-rate on the following essential goods: Baby diapers Tinned fish and meat Cooking oil Coffee […]
Effective June 1, 2025, Republic Act No. 12023 amends the Philippine Tax Code so that nonresident digital service providers (DSP) will be liable for 12% VAT on digital services consumed in the Philippines. The law defines digital services broadly and may include any service that is supplied over the internet or other electronic network including […]
During its mid-year policy review discussions, the Finnish government proposed decreasing the reduced rate VAT from 14% to 13.5%, effective January 1, 2026. Items currently subject to the reduced rate include groceries, pharmaceuticals, and passenger transport services, among others. The Ministry of Finance’s press release announcing the proposal can be found here (in Finnish).
After considerable opposition from the Democratic Alliance and several smaller political parties the South African Government has announced that it is cancelling its planned VAT increase. The government originally announced a plan to increase its VAT rate to 15.5% on May 1st and to 16% in 2026. On April 24th the Finance Ministry issued a […]
The Polish Ministry of Finance (MoF) has published an announcement on the current status of legal, technical, and business preparations for the implementation of the mandatory Krajowy System e-Faktur, also known as KSeF e-invoicing system. After analysing the comments from the November 2024 public consultations, the MoF considered all the key demands submitted by businesses […]