LIS System

🇬🇧 New EU Directive on Green Tax Reporting
🌱 Sustainability meets accounting: EU's new Green Taxonomy rules

Starting in 2025, larger companies in the EU will be required to disclose how their activities align with the EU's environmental goals. This will affect financial reporting, especially for businesses in energy, transport, and manufacturing.

📌 Key Points:
– Applies to companies with 250+ employees or €40M+ turnover
– New reporting templates and ESG audit requirements
– Impacts both strategy and tax planning

Need help adapting to the new reporting standards? Our team is ready to support your transition.

EU Introduces Digital Reporting Requirements for VAT Compliance

The European Commission's VAT in the Digital Age (ViDA) initiative introduces mandatory e-invoicing and digital reporting for cross-border B2B transactions. This move aims to modernize VAT reporting and help national tax administrations address VAT fraud more effectively. Businesses will need to adapt to these changes to stay compliant. eClear offers innovative solutions like ClearVAT® and ClearCustoms® to help businesses navigate this new landscape. Read more about how to prepare for these changes.