Federal Ministry of Finance latest annual tax guide issued The annual VAT guide has been issued by the German Finance Ministry (Bundesministerium der Finanzen BMF) – this one covering 2022. It includes: VAT Act; VAT Implementation Ordinance; VAT Application Decree; VAT System Guidelines; and excerpts
Revenue Authority to mandate pre-completed VAT returns January 2024 Kenya’s Revenue Authority has confirmed that all taxpayers will be mandated to use pre-filled VAT returns from 1 January 2024. Draft transaction data from Kenya’s e-invoicing TIMS platform will be used to populate the first version
Annual VAT registration thresholds and Intrastat dispatches & arrivals The table below provides the latest European VAT registration thresholds for resident and non-resident (foreign) businesses, plus Intrastat reporting threshold. The EU plans 2025 VAT registration threshold equivalence for taxpayers resident in other EU states.
1st January 2024 VAT rise to fund pension reforms for ageing population An ageing population, and funding shortage in the public pension system (OASI), has led to the Swiss to vote in September 2022 for a rise in VAT rates from January 2024 as follows:
Extension of COVID-19 rate cut taxis; permanent cut for other supplies The Ministry of Finance’s 2024 Budget includes a sixth extension to the reduced VAT rate for a range of basic supplies until 30 June 2024. This covers taxis and self-serve coffees. However, the budget
Temporary energy VAT cut introduced with spiking inflation in 2022 is to end 1 March 2024 – 1 month early The German government plans to end the temporary reduction from 19% to 7% for domestic energy on 31 December 2023 have been modified by the
Rise in VAT registration threshold to €75,000 1 July 2024 The Slovakian Parliament has accepted for review a proposed range of VAT changes, including an increase in the VAT registration threshold. Check all European VAT registration thresholds in our live tracker. The annual VAT registration
