European Commission calls for feedback on adoption and areas for improvement of standard electronic invoice format as VAT in the Digital Age reforms approach The European Commission is holding a consultation of the eInvoicing Directive 2014/55/EU which provides for a common European standard on eInvoicing
EDPS backs personal data guards in EU’s ViDA reform proposals The EU’s independent European Data Protection Supervisor (EDPS) has provided an initial positive review of the European Commission’s VAT in the Digital Age reforms. In particular the Digital Reporting Requirements for the delivery of transaction
Prolonged inflation leads Parliament to propose one-year extension of VAT reduction Croatia’s Parliament is reviewing a new tax code update that would prolong the cut in VAT on heating from 25% to 5%. Gas would also be held at 5% from its usual reduced rate
Minister for Finance delays to undetermined date imposition of sales tax on low value goods Reforms to sales tax on small value packages has been suspended. The Royal Malaysian Customs Department had already postponed the imposition of sales tax reforms on small parcel imports by
Extension and simplification of reduced VAT rates; e-invoicing reconfirmation The Belgian Ministry of Finance has launched a range of tax simplifications and changes. Many of these changes have already been announced in the past, and we’ve linked back to original blogs. These will be implemented
Baltic state to increase threshold from €45,000 to €65,000 – second highest in the EU Lithuania has drawn up legislation to increase the annual sales threshold for VAT registration. From the 1 January 2024 it will increase from €45,000 to €65,000. This would make it
The EU is undertaking an extended program of reforms to its Value Added Tax regime. This commenced with the 2016 Tax Action Plan, containing over ten reforms included the later separated 1 July 2021 e-commerce VAT package and the new VAT in the Digital Age
Improved credit refunds, extended deadlines backed by tougher fines approved Belgium’s Parliament last week adopted reforms for the administration of VAT returns in an aim to help businesses and curb non-compliance. Once promulgated by the King, it enter into force from 1 January 2024. Learn
Facilitating marketplaces services due even when non-taxable supplies British Columbia has confirmed services provided by to facilitate the sale or provision of non-taxable services are still subject to Provincial Sales Tax. This measure was including in the Canadian provinces 2023 budget. The measure will be
