North Macedonia VAT on foreign digital services 2024
Non-residents liable to register and collect VAT on e-services The North Macedonian Ministry of Finance has imposed Value Added Tax on digital and telecommunications services provided by non-resident providers from 1 January 2024. This includes the appointment of fiscal representative. The imposition of VAT on
Bulgaria extends 9% VAT on tourism and restaurants
MP’s back extending temporary VAT rate cut introduced at height of COVID pandemic Bulgarian Members of Parliament have extending the COVID-19 temporary VAT rate cuts for restaurants, tourism and gyms. The reduction from 20% to 9% was due to run out on 31 December 2023.
Malaysia Sales Tax low-value B2C imported goods Jan 2024
New Guide and FAQs for delayed imposition of Sales Tax and duties on B2C low value goods goes ahead 1 January 2024 Reforms to sales tax on small value packages have now been confirmed for 1 January 2024. The Royal Malaysian Customs Department has last
VAT TV December 2023 news
Germany raises cash accounting VAT threshold
Increase to €800,000 annual threshold for cash-based VAT scheme Germany is raising the sales threshold for small businesses to join the cash-based VAT scheme. This offers eligible tax payers to only settle VAT due based on actual income received as opposed to that invoiced –
Czech raises 2024 Intrastat thresholds
2024 Increase in dispatches and arrivals of goods reporting thresholds The Czech Statistical Office has announced a rise in Intrastat thresholds from 1 January 2024. The thresholds will be as: Arrivals: will increase to CZK 15 million per annum (previously CZK 12 million) Detailed reporting
Estonia raises 2024 Intrastat thresholds
Intrastat reporting threshold to increase 1 January 2024 Estonia has raised its Intrastat reporting thresholds for 2024 as follows Arrivals: increased to €700,000 per annum from €400,000 Dispatches: increased to €350,000 per annum from €270,000 Read more in our Estonia VAT guide. Check EU intrastat
Taiwan VAT foreign digital services; business tax update
Confirmation of business tax to non-resident digital service providers Taiwan has updated its Value-added and Non-value-added Business Tax law to confirm its Business Tax to certain non-resident providers of digital or electronic services to consumers. This includes “Foreign enterprises, institutions, groups, and organizations that do
Global VAT’s decline?
OECD figures show other taxes’ growth outstrips VAT; but is this because of attractions of VAT during crises? The OECD’s annual “Revenue Statistics 2023: Tax Revenue Buoyancy in OECD Countries” shows that VAT’s growth in nearly 40 countries has slowed. The average share of VAT/GST/Sales