Oct 2023 launch of electronic e-invoicing regime The west African country of Mauritania’s Minister of Finance has published regulations for the introduction of e-invoicing. This would be a phased introduction of live VAT invoice reporting. Mauritania is proposing a pre-clearance regime, with invoices having to
15% GST on digital services to consumers Sierra Leone has imposed its Goods & Services Tax on digital or electronic services (and goods) sales to consumers since 2021. This covers any supplies via electronic platforms and the commissions received by the platform owners. But there
Malta adds third reduced VAT rate Malta is to add to its existing 7% and 5% reduced VAT rates with a new reduced rate of 12%. There is also some zero-rated supplies. The new rate applies from 1 January 2024 are the change was gazetted.
Increase on sales threshold for mandatory VAT registration in 2024 budget In today’s 2024 Budget, Ireland is proposing to increase the existing VAT registration thresholds for businesses from €37,500 for services and €75,000 for goods to €40,000 for services and €80,000 for goods respectively. These
2024 Budget reduced VAT on electronic and audio books to zero The 2024 Irish Budget includes a provision to reclassify the VAT rate on electronic books to zero. This brings it into line with the rate on their printed equivalent. The same tax break will
July 2024: Bringing VAT Act into line with EU VAT Directive and recent ECJ rulings The Slovakian Ministry of Finance has published a number of simplifications and other changes to the VAT Act. These are largely aimed as simplifying compliance, and bringing Slovakian VAT requirements
As tax authorities mandate live VAT transaction reporting can tax engines tackle the new determination risks? Calculating the right VAT on complex and international transactions has always been a challenge – often left to manual checking in the few weeks when a VAT return becomes
Supplementary support for transport and the press sector as war in Ukraine extends The Baltic state of Estonia and passed measures to reduces taxes to reflect the ongoing security position in the region following the Russian invasion of Ukraine. The changes include: Excise diesel is
Lithuania, one of the three EU Baltic states is building out its i-MAS digital reporting requirement. This is enabling the digitisation of transactional reporting for more efficient audits and to help close the VAT Gap. The main reporting requirements under i-MAS include the following SAF-T
