European Countries Adopt Real-Time VAT Reporting to Combat Fraud and Close Tax Revenue Gaps

• Many European countries have implemented VAT e-registers in retail and e-commerce to reduce VAT fraud and close the VAT Gap.
• These systems provide real-time or batch reporting of sales data from certified point-of-sale machines directly to tax authorities.
• Some countries incentivize compliance with VAT receipt lotteries, offering prizes to shoppers based on unique invoice numbers.
• The move aims to enable transactional-level data capture and reduce reliance on traditional VAT returns.
• Implementation dates for electronic cash registers vary by country, ranging from 2001 (Lithuania) to 2025 (Germany).

Source: vatcalc.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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