Lithuania: an intelligent tax system

Lithuania: an intelligent tax system

Building a modern tax administration The Value Added Tax was introduced in Lithuania in 1994 and, as a Member State of the EU, its VAT registrations, returns and compliance are aligned with the EU VAT Directives. Its tax system is administered by the State Tax Inspectorate (STI), under the authority of the Ministry of Finance….

Read more
Portugal lost 481 million euro in VAT collection in 2017

Portugal lost 481 million euro in VAT collection in 2017

Portugal entered 481 million euro less than it owed in the 2017 VAT collection. For the first time in years, the value appears below the barrier of 500 million euros. The loss, of 2.8%, is the lowest value of the last years, according to the report provided by the National Statistic Institute of Portugal (INE)…

Read more
Poland’s Success Addressing Tax Control

Poland’s Success Addressing Tax Control

Identifying the problem As mentioned in the VAT Report 2018, countries across the EU are losing billions in VAT revenues. This is analysed through the VAT Gap, the difference between the expected and the actual VAT revenues, and some of the main causes for it are fraud and tax evasion. In the case of Poland,…

Read more
VAT Report 2018: EU is losing billions in VAT revenues

VAT Report 2018: EU is losing billions in VAT revenues

The 2018 Report of the “Study and Reports on the VAT GAP in the EU-28 Member States” revealed that in 2016 there was a loss of 12.3% of the expected VAT revenue across the EU. This Report contains updated estimates for 2012-2016 and is a conclusion of the five reports previously published by the European…

Read more
Portugal Introduces SAF-T V.1.04

Portugal Introduces SAF-T V.1.04

A new version of the Portuguese SAF-T is in place since July 1st, 2017. This version is the fourth iteration of the file, since it was first introduced in the country, in 2007. It was approved by the Ordinance No. 302/2016, issued on December 2nd. The new Portuguese SAF-T version introduces two changes that affect…

Read more

a new way to process saf-t files

Choose by category