2024 Archives

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.

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”.

May 24, 2024

Morocco fiscalization: Electronic invoicing is slowly finding its way in

Morocco, a country with a population of next to 40 million inhabitants, is slowly but steadily adopting decisive fiscalization practices, expecting to fully embrace them by 2026.

Will they be able to overcome all obstacles and delays they have had since its conception?

May 14, 2024

Ethiopia fiscalization: Is it time for a restart?

Ethiopia wrote its fiscal law back in 2007, which was advanced at the time, and a year after that began the introduction of fiscal cash registers and fiscal printers. The basic component of these fiscal devices was an integrated and protected fiscal memory. Daily summaries were regularly sent to the tax administration’s server with the help of GPRS terminals.

The fiscalization process was successful and, therefore, attracted the attention of many authors who studied fiscalization and cited Ethiopia as a positive example in their works.

But for how long can a system (including fiscalization) stay effective?

March 20, 2024

Greece extends the use of POS terminals to all economic activities

Greece, a country in the southernmost part of Europe and counting with a population of just above 10 million inhabitants has now decided to extend the use of POS terminals to all economic activities.

Greece is one of the countries with the oldest fiscalization in the world. After several decades of existence, it was determined that the system was largely neglected and outdated. Many taxpayers have significantly reduced the issuance of fiscal invoices, and some have completely stopped doing so.

November 30, 2023

Verifactu expected to go “live” by July 2024

The Spanish tax agency Agencia Tributaria has announced a tentative future release date for their electronic invoicing system, Verifactu. All in all, the plan is to release the system in the summer of 2024.

The implementation of the project depends on the approval of the regulations for the invoicing system by the Spanish law authorities. The system is ready to launch.

The estimated release date is expected somewhere during July 2024. The IT department of Agencia Tributaria has published a technical draft of its working methodology.