Finland electricity VAT cut to 10% and public transport to 0% ends
Five-month emergency VAT rate cut ends on electricity from 24% to 10% until 30 April 2023; public transport reduced to 0% Finland’s President temporary VAT rate cut on domestic electricity in its 2023 Budget has ended. This was from the 24% standard rate to the
Hungary VAT registration threshold rise €48,000 to €71,500
EU grants derogation for rise in threshold to reduce administrative burden for small taxpayers and authorities Hungary has been given permission by the EU to raise its VAT registration threshold from the Forint equivalent of €48,000 to €71,500 per annum. This would be one of
Estonia food and hospitality service VAT cut proposal
15.6% inflation prompts targeted VAT cuts ahead of proposed standard rate rise to 22% in 2024 Whilst headline inflation rate in the Baltic state of Estonia is falling back – dropping from the August 25% peak to 15.6% in March – the parliament, Riigikogu, is
Netherlands reluctant on domestic B2B e-invoicing
Backing for EU’s VAT in the Digital Age reforms; sceptical on need for mandatory domestic e-invoicing regime The Dutch Secretary of Finance has confirmed conditional support of the EU’s VAT in the Digital Age – reforms designed to reduce the need for foreign VAT registrations
VAT TV April 2023 news
Israel VAT foreign B2C digital services delayed
2023/24 Budget drops proposals for VAT collections obligations for non-resident service providers from 2024 The Israeli government has reportedly abandoned 2023/24 budget plans to extend Israeli VAT collections obligations to foreign providers and digital platforms for digital or electronic services to consumers. Under the proposals, B2B
French e-invoicing agents – Partner Dematerlialisation Platforms PDP’s
France’s March 2026 B2B e-invoicing launch sees a special role for independent e-invoicing agents – PDP’s Mandatory B2B domestic e-invoicing in France will start in March 2026 (TBC). A pilot will start in 2025. Note: from 1 July 2024, all French taxpayers must be able to
Bosnia & Herzegovina VAT on B2C digital services
2023 implementation to align with EU rules on taxation in location of consumption The Balkan state of Bosnia and Herzegovina (B&H) imposed Value Added Tax on non-resident providers of digital services from 2023. The obliges foreign providers to register, collect and remit 17% VAT to
Cape Verde DFE e-invoicing update
Tax authorities confirm scope of DEF electronic invoicing obligations The West African islands of Cape Verde introduced electronic invoicing (Documents Fiscaux électroniques or ‘DFE’) from 2020 for the digital reporting of goods and services supplies. It was phased in, completing December 2022. Taxpayers may use