Anti-Fraud Law: Glossary of key terms
Posted: Sun Dec 15, 2024 9:08 am
Although the regulation is still pending approval, your company's management software must be certified to comply with the requirements of the Anti-Fraud Law .
So it is getting closer and closer to the point where you will have to comply with the requirements of this law if you do not want to face sanctions.
Start of marked textTWEET IT! We explain everything you need to know about anti-fraud software and companies' obligations in our Anti-Fraud Law glossary.End of marked text
Below we explain the key terms you should know in relation to the Anti-Fraud Law:
Post content
Anti-fraud law
Dual billing or dual-use software
Anti-fraud software
Tax fraud
Tax avoidance
VeriFactu
Systems for issuing verifiable invoices
Rectifying invoice
1) Anti-fraud law
Law 11/2021 on measures to prevent and combat tax fraud was approved on June 9, 2021, and some of its sections have been in force since October 11 of this year. This law is known as the Anti-Fraud Law and its regulations are still pending publication.
Although the anti-fraud law established that having adapted software would be mandatory as of October 11, 2021 , the approval of the regulations is still pending for its final entry into force.
When the regulation is published, accounting, invoicing canadian healthcare and medical email list and management software will have to adapt to a set of anti-fraud measures. The aim is to put a stop to so-called dual-use software , which is software that allows accounting to be kept parallel to the official one.
The most notable changes introduced by the anti-fraud law can be summarised as follows:
Billing and accounting programs must prevent the modification and destruction of their records. The goal is to prevent billing from being hidden.
Cash payments are limited to 1,000 euros. Previously, the limit was 2,500 euros.
Persons acting on behalf of and on account of the importer shall be subsidiarily liable for payment of VAT.
A far-reaching reform of the General Tax Law is being carried out. Among other aspects, it affects penalties, surcharges, late payment interest and anti-fraud software .
Reforms are introduced in laws on various taxes, especially in relation to the valuation of transactions.
So it is getting closer and closer to the point where you will have to comply with the requirements of this law if you do not want to face sanctions.
Start of marked textTWEET IT! We explain everything you need to know about anti-fraud software and companies' obligations in our Anti-Fraud Law glossary.End of marked text
Below we explain the key terms you should know in relation to the Anti-Fraud Law:
Post content
Anti-fraud law
Dual billing or dual-use software
Anti-fraud software
Tax fraud
Tax avoidance
VeriFactu
Systems for issuing verifiable invoices
Rectifying invoice
1) Anti-fraud law
Law 11/2021 on measures to prevent and combat tax fraud was approved on June 9, 2021, and some of its sections have been in force since October 11 of this year. This law is known as the Anti-Fraud Law and its regulations are still pending publication.
Although the anti-fraud law established that having adapted software would be mandatory as of October 11, 2021 , the approval of the regulations is still pending for its final entry into force.
When the regulation is published, accounting, invoicing canadian healthcare and medical email list and management software will have to adapt to a set of anti-fraud measures. The aim is to put a stop to so-called dual-use software , which is software that allows accounting to be kept parallel to the official one.
The most notable changes introduced by the anti-fraud law can be summarised as follows:
Billing and accounting programs must prevent the modification and destruction of their records. The goal is to prevent billing from being hidden.
Cash payments are limited to 1,000 euros. Previously, the limit was 2,500 euros.
Persons acting on behalf of and on account of the importer shall be subsidiarily liable for payment of VAT.
A far-reaching reform of the General Tax Law is being carried out. Among other aspects, it affects penalties, surcharges, late payment interest and anti-fraud software .
Reforms are introduced in laws on various taxes, especially in relation to the valuation of transactions.