Newsletter

Lovat Newsletter – March & April 2025

Lovat

Newsletter

Lovat

E-invoicing News

Tax credit available for e-invoicing implementation in the Dominican Republic: Businesses in the Dominican Republic can now access a tax credit for implementing e-invoicing systems. This credit encourages compliance with electronic invoicing regulations. It’s a step toward simplifying tax processes.
Twentieth wave of VAT e-invoicing integration announced in Saudi Arabia: Saudi Arabia has introduced its 20th wave of VAT e-invoicing integration. This step aims to enhance tax collection efficiency. Businesses must comply by integrating their invoicing systems. This ongoing project supports digital transformation in taxation.

UK Sets Up Hotline to Report EPR Violations: The UK has introduced a hotline to address companies evading Extended Producer Responsibility (EPR) fees. Businesses that fail to support packaging recycling will be under closer scrutiny. The hotline allows businesses and the public to report non-compliance anonymously. With the new EPR rules taking effect on April 1, 2025, this initiative ensures all companies take equal responsibility for managing packaging waste, establishing a fairer framework.
Oregon Businesses Face Critical EPR Compliance Deadline: 31 March 2025 is the last day for Oregon packaging manufacturers to comply with the new Extended Producer Responsibility (EPR) law. The law requires companies to report and pay for waste recycling in order to reduce waste and encourage green solutions.

EU Battery Regulation and Its Business Impact: Overview of new EU battery rules affecting production, recycling, and business obligations.
Packaging Labeling Requirements in Portugal: Key rules for businesses on packaging labeling, recycling symbols, and compliance with environmental regulations.

Learn more about EPR in our blog

Latvia Introduces New VAT Rules for Online Platforms: Starting in 2025, Latvia has new rules for online platforms. If a platform helps sell goods or services, it must collect and check all obligations for its sellers, for example, EPR compliance, GPSR compliance, or VAT compliance. These rules give marketplaces the power to request information from vendors, to carry out on-site inspections.
Poland Extends Reverse Charge Mechanism Until 2026: Poland has announced the extension of its reverse charge mechanism until 2026. This system shifts the responsibility for VAT payment from the seller to the buyer in certain transactions, mainly in sectors like construction and electronics. The extension aims to reduce VAT fraud and streamline tax processes for businesses.