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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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.
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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.
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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.
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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?
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