Update to VAT rules based on 2025 Budget The Greek Parliament approved the 2025 Budget, cementing a series of fiscal and regulatory measures aimed at addressing economic, environmental, and social challenges. The Budget, submitted earlier in the year, incorporates significant changes, including amendments to VAT
DGI pilot underway with full mandate starting 2026 Morocco’s Directorate General of Taxes (DGI) has been developing a mandatory e-invoicing plan since last year, and early details are now becoming available. The timeline is as follows: Oct 2024 launch of e-invoicing proposals; Oct 2025 pilot
Increase arrivals threshold to report movements of goods with other EU member states Slovenia has raised the annual reporting thresholds for Intrastat arrivals and dispatches. This covers the movement into and out of Slovenia to other EU countries. The thresholds will change from January 2025
2025 pilot to provide VAT balance calculations based on e-invoicing The Kazhak State Revenue Committee has initiated its ‘e-Tamga’ pilot which provides tax payers with estimated VAT liabilities based on their reported e-invoices. The programme will run throughout 2025, and will run alongside the existing
Fraud by shoppers reselling tax-free goods prompts reform Japan has revised its Consumption Tax exemption system for foreign visitors to curb the resale of tax-free goods within the country. Current thresholds for Consumption Tax refunds and a broadening of goods entitled to a tax repayment
Small resident enterprises may switch to annual VAT reporting with 3 annual payments of VAT due Switzerland’s Federal Tax Administration (FTA) has released detailed guidance concerning amendments to the nation’s value-added tax (VAT) system, effective January 1, 2025. At the same time, there are a
Intrastat – reporting on movement of goods between EU member states – reporting increase January 2025 Ireland has increased its Intrastat reporting thresholds for 2025 as follows Arrivals: rises to €750,000 per annum from €500,000 Dispatches: rises to €750,000 per annum from €635,000 Check EU
1 April 2025 new 5% reduced VAT rate on basic foodstuffs In a significant move to alleviate the burden of rising food prices, Prime Minister Philip Davis announced in a national address that the Bahamas government will slash the value-added tax (VAT) on food sold
6-month cut to 17% standard VAT rate down to 13% The Government of St. Kitts and Nevis has announced a reduction in the standard Value-Added Tax (VAT) rate from 17% to 13% for the first half of 2025. This VAT Relief Holiday, effective from January
