EU DG Taxation & Customs Union VAT and related reforms 2023
EU’s Directorate-General Taxation and Customs (DG TAXUD) has summarised its top reforms and ongoing work around the EU’s VAT regime, customs and related areas in its Management Plan 2023 Key issues DG TAXUD is looking to progress includes: Agreement of the 3-pillars of EU VAT in
São Tomé and Príncipe implements 15% VAT June 2023
Sales tax replaced by 15% VAT 1st June 2023 The African island state of São Tomé and Príncipe has implemented a Value Added Tax regime on 1 June 2023. The VAT rates are: 15% standard rate 7.5% on beans, bread, corn, pasta, rice 0% exports
Jersey foreign e-commerce and marketplaces GST July 2023
Online sellers and electronic interfaces to charge GST once over registration threshold from 1 July 2023 The Channel Islands territory of Jersey will impose Goods and Services Tax collections and reporting obligations on non-resident e-commerce sellers from 1 July 2023. There will be a compulsory
Tax codes – the motor of VAT determination
How tax codes help ERP’s and tax engines get global VAT calculations and reporting right Tax codes provide the information tax engines, ERP’s or accounting systems need to correctly identify the right VAT, GST or sales tax rates and reporting for any transaction. Whilst there
Ireland fuel temporary VAT cut to 9% extended to Oct 2023
Temporary domestic gas and electricity cut from 13.5% to 9% until 31 Oct 2023 Ireland has again extending the reduced 9% VAT rate on domestic gas and electricity. The anti-inflation measure was first introduced in May 2022 as post-COVID and Russian invasion of Ukraine inflation
VAT TV – EU VAT in the Digital Age which measures to survive?
Netherlands to simplify reduced VAT rates
2023 Spring Memorandum refers to withdrawal of some reduced VAT rates In i’s recent Spring Memorandum, the Dutch government has included a review of the application of the 9% reduced VAT rates and zero-rated category to simplify their use and withdraw unwarranted applications. This includes
Ireland 0% VAT on solar panels
Ministry of Finance confirms terms of zero-rating for domestic solar panel installations – previous rate was 23% Ireland has joined the growing number of EU states that has taken advantage of new reduced EU VAT freedoms to zero Value Added Tax on the sale and