Fiscalization Archives

May 20, 2026

EET2: A Second Chance for Fiscalization in the Czech Republic

The previous year (2025) in the Czech Republic ended with the announcement that fiscalization (now referred to as EET2) would be reintroduced. The government has promised a system that will be better, cheaper, and mandatory for all taxpayers without exception. Among the proposed measures are the removal of the obligation to physically print invoices, an extended reporting deadline of up to seven days, and the suspension of inspections during the transition period.

March 27, 2026

One year of extraordinary results in the Republic of Srpska with the new fiscalization model

A year has passed since the official announcement that the Republic of Srpska (an entity of Bosnia and Herzegovina) began implementing the new fiscalization system.

The Republic of Srpska has long-standing experience with fiscalization, having introduced its first system in 2008. That initial fiscalization model relied on fiscal cash registers and fiscal printers, with mandatory daily report submissions to the Tax Administration’s server. After 15 years of operation, it became evident that the existing system had become outdated, inefficient, and unsustainable. Both taxpayers and tax officials recognized that the old system no longer served its purpose and that a new one was necessary.

December 11, 2025

Africa Advances Fiscalization Measures in 2025

At the African Tax Administration Forum (ATAF) annual meeting in 2024 in Kigali, Mr. Logan Wort, Executive Secretary, revealed that “Africa loses approximately $50 billion each year to tax evasion“.

This issue has been recognized for years, and many African countries have actively worked to combat tax fraud through fiscalization measures. Some were global pioneers, introducing fiscalization as early as the beginning of the 21st century, among them Kenya, Ethiopia, and Rwanda. Their example was later followed by Tanzania, Zambia, Uganda, and Mozambique. Over time, several of these countries have modernized their initial fiscalization systems to align with evolving technological and regulatory standards.

October 27, 2025

Spain hesitantly embarks on its fiscalization journey, with Verifactu legal framework yet to be approved

Although Spain is rapidly approaching its 2027 deadline to start issuing fiscal invoices, no concrete regulatory framework for Verifactu has yet been published, leaving taxpayers uncertain about the next steps. This article delves into the status of this initiative and what these legal changes will mean for taxpayers.

October 1, 2025

A fiscal revolution is brewing in the Pacific region

The Pacific region, long known for its paradise islands, tourist resorts, and tranquil pace of life, is now experiencing an unprecedented wave of e-invoicing and fiscal transformation. What is driving this change, and why are so many countries in the region adopting the same fiscalization model?

April 2, 2025

Republika Srpska – Fiscalization 2

Today, taxpayer registration for the second phase of Fiscalization 2 in Republika Srpska (an entity of Bosnia and Herzegovina) has been completed.

In 2007, Republika Srpska implemented Fiscalization 1 in which the basic fiscalization tool is a fiscal cash register or fiscal printer. This fiscalization model is hardware-based, requiring fiscal devices to have a fiscal memory that ensures data security and enables data archiving.

December 31, 2024

Targeted tax inspections bear fruit: more than 1356 sales locations temporarily closed in Serbia

In the first half of the year, and especially during the summer period, the Tax Administration of Serbia conducted a large number of targeted visits to sales locations.

Summer is a period when many fairs, catering, music, and tourist events are held. It is a time when everyone feels relaxed, especially since a large number of these events take place in open spaces. During this period, the Tax Authority intensifies field controls to determine how taxpayers behave in the fiscalization process.

November 18, 2024

The Challenges of Bangladesh’s VAT Compliance Project

Bangladesh’s ambitious journey to modernize its VAT compliance through electronic fiscal devices (EFDs) has faced significant setbacks. Despite initial enthusiasm and substantial investment, the project has failed to achieve its intended results. An analysis of recent developments provides crucial lessons for governments undertaking projects of national interest.

September 2, 2024

Fiscalization 2 in Belgium starts in 2025

Belgium has announced the modernization of its fiscalization system, which should start in the year 2025.

Do you want to know the key aspects of this new fiscalization system? What are the challenges Fiscalization 2 will need to face?

June 19, 2024

Celebrating 70 years of VAT

This year marks the 70th anniversary of the VAT – the tax which represents the highest percentage in tax revenues for governments around the world. For some countries, it can be as high as 37% to 40% of the countries’ total yearly collection earnings.

However, this tax would never have existed if, on April 10^th 1954, a man in France named Maurice Lauré did not have the vision to create a tax that would not tax the turnover but the added value produced by companies. This vision has clearly been a huge success, so much so that the VAT has even been widely referred to as the “fiscal Grail”.