Europe Archives

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 After 15 years of operation, it became evident that the existing system had become outdated, inefficient, and unsustainable.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 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”.

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.