On December 31, 2024, the Ministry of Finance announced non-EU countries eligible for VAT refunds under reciprocity from January 1, 2025: Bosnia and Herzegovina, Norway, the UK, and Switzerland.
The global landscape of eInvoicing is evolving rapidly, with domestic mandates introducing new complexities for businesses worldwide. These changes bring both challenges and opportunities for VAT compliance and reclaim.
Taxback International joins #tacs, the leading online community for tax technology professionals. Discover how this partnership enhances knowledge sharing and innovation in VAT compliance and e-invoicing solutions.
In today’s complex business landscape, efficient Value Added Tax (VAT) management is crucial for maintaining healthy cash flow and minimizing compliance risks. Our recent masterclass, “Mastering VAT Efficiency,” provided valuable insights from our senior VAT consultants on how to streamline VAT processes and maximize recoveries.
Romania’s 2025 Intrastat reporting thresholds for intra-EU trade remain at 1,000,000 RON for dispatches and arrivals, requiring reports only if trade exceeds this value.
Portugal’s 2025 State Budget extends the recognition of PDF invoices as e-invoices until 31 December 2025, after which a qualified electronic signature will be mandatory for legal validity.