End of August 2022, the websites of the Montenegrin Government’s ministries, revenue and customs were compromised by an unknown hacker(s). No official announcement was made of the damage caused by this act, including data loss, as the team of forensics is still conducting an investigation.
Read More›On May 1 this year, Serbia replaced the two-decade-old fiscalization system. This old system was based on fiscal memory and paper journal. Serbia was the first to introduce an advanced solution in 2004 that was able to transfer data from the fiscal memory to the tax administration server via a GPRS modem.
The new, modern, fiscalization system was implemented in a short period of 6 months. About 240,000 sales locations have been fiscalized so far.
Read More›At the July session, the Czech Parliament voted to STOP fiscalization (EET-Electronic records of sale) in the Czech Republic from January 2023. From the beginning, this project has been marked by a political struggle with great resistance from the opposition parties, which today form the majority in the parliament.
EET started to apply on 1 December 2016 for restaurants and accommodation facilities.
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Very soon after the official announcement of the virus COVID 19, it was clear that its consequences, in addition to the medical ones, would greatly affect the economies of all countries in the world. The rapid spread of the infection around the world has led to quarantines of various forms and levels as well as a reduction and very often a complete cessation of production.
The immediate consequence of reduced production is a drop in collected taxes and an increase in the number of unemployed. Taxes are certainly the biggest input to the budgets of both the state and local areas. Employers have found themselves in a situation where they cannot pay salaries nor taxes.
The first and most frequently mentioned words related to the tax policy of each country in the previous period are “DELAY” and “MEASURES.”
Measures include:
- up to X months’ delay on VAT payments
- extending VAT returns and payments to month X
- delaying VAT returns for small businesses
- providing VAT payment break till end of month X for small enterprises.
- postponements on returns.
- relief for small VAT payers. Limited VAT reliefs
- VAT credit refunds and suspension of penalties.
- providing VAT filing and payments delays
- reporting period changes or payment delays.
- exempting small taxpayers from VAT
- delaying VAT filings by XX days
- VAT rate cut for COVID crisis
- VAT rate cut on hospitality services will be from X% to Y%
- Discounts on VAT payments
- increasing VAT credit limit.
How Covid 19 Influenced the Fiscalization Process
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In previous article called “fiscalization slowed“, we mentioned that there has been a slowdown in the process of fiscalisation in the Czech Republic. Groups 3 and 4 had to wait for the fiscal law to be modified in order for them to be fiscalized. New Fiscal Law’s amendment passed the parliamentary procedure on 15.09.2019.
Groups 3 and 4 starts at the same time 1.May 2020.
Taxes for some individual activities covered by groups 3 or 4 are reduced from 21% to 10% to make fiscalisation more efficient (hairdressing and barbers’ services, bicycle repair, footwear, clothing and textile repair and repair, and draft beer sales, ….).
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