EncryptInvoice News
Articles tagged vat for European Union
Belgium released operational guidance specifying TARIC certificate codes and customs declaration data elements required for EUDR compliance starting 30 December 2026. The guidance details five C-type codes and ten Y-type codes that must be reported in customs declarations, along with standardized reference number formats.
A survey of 176 EU tax and finance leaders reveals a critical divergence between CFOs' regulatory focus and operational tax leaders' e-invoicing priorities, threatening AI governance under ViDA's real-time reporting requirements.
The Republic of Congo's new VAT regime for non-resident digital service providers, effective 1 July 2026, introduces stringent compliance obligations with no turnover threshold and broad service coverage, requiring immediate registration from the first taxable transaction.
A survey of 176 tax leaders reveals that while 92% use AI for indirect tax, only 2.8% have formalized governance structures, leaving most vulnerable to audit risks under the EU's ViDA initiative.
The UK's 2029 e-invoicing mandate, leveraging the Peppol network and deferring real-time reporting, provides clear implementation pathways for businesses while signalling future digital reporting obligations.
