In January 2026, about 200 members of the financial police suddenly entered 50 Austrian restaurants with the intention of determining whether these establishments use illegitimate software for issuing fiscal invoices. The financial inspection confirmed the suspicion and determined that a developer sold the illegal software, leading authorities to arrest the developer immediately.
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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 After 15 years of operation, it became evident that the existing system had become outdated, inefficient, and unsustainable.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.
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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.
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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.
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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?
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