Planned cut to state sales tax rate from 5% to 4.875% may be extended to 4.625% The US state of New Mexico is scheduled to reduce its state-level sales tax rate from 5% to 4.875% from 1 July 2023. However, Gov. Michelle Lujan Grisham has
ETTN portal extending to all live reporting of electronic invoices The State Tax Service of the Central Asian state of Kyrgyzstan has confirmed that all businesses will have to adopted the Electronic Invoice Note system (ETTN) from May 2023. It has already been in place
Lower VAT rate for recyclates / recycled products The Czech delegation to the EU has proposed permitting extended use of the reduced VAT rates on recycled products. The Czechs believe that the introduction of a reduced VAT rate for products with recycled content would stimulate
Dutch tax office will in future alert businesses undertaking intra-EU movement of goods to their obligations to Intrastat reporting Since the start of 2023, Intrastat reporting threshold no longer applies in the Netherlands. Instead Centraal Bureau voor de Statistiek (the customs authorities – ‘CBS’)will contact
Travel operator, passenger transport and accommodation platform associations question need for full VAT deemed supplier obligations Several travel and related platform trade associations have raised doubts about proposed deemed supplier obligations in the Platform Economy pillar of the VAT in the Digital Age reforms. The
Remote facilitating marketplaces will have to immediately register for sales tax for their out-of-state sellers 1 August 2023 Louisiana is to withdraw the threshold for e-commerce out-of-state marketplaces facilitating the sales of sellers. Above this threshold, and the facilitating marketplace must register with the state
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
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
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
