UPDATE 10/01/2022 The Polish Prime Minister has recently announced his intention to reduce the VAT rate on fuel from...

UPDATE 28/12/2021   The Polish government may reduce the VAT rate on essential foodstuff to zero %, in the face...

UPDATE 29/11/2021   In Poland, the laws introducing  e-invoicing and VAT groups were signed by the President and published in...

UPDATE 03/12/2021   Currently, financial services in Poland are obligatorily exempt from VAT. This deprives financial institutions of the right...

The Romanian TA (ANAF) has finalized the deadlines for submission of SAF-T declaration (Declaration 406) and date that the...

The current version of the Romanian VAT Law applies a reduced VAT rate of 5% for textbooks, books, newspapers...

Turkey has reduced its VAT rate on legal services. Previously such services were charged at the standard VAT rate...

UPDATE 16/12/2021 The parliament of the Kingdom of Bahrain has approved a government proposal to increase the VAT rate...

What is e-invoicing? E-invoicing is short for electronic invoicing—a form of electronic billing. It’s sometimes also referred to as...

Value-added tax, often shortened to VAT, is a common tax system present in much of the world.