Tax tech disruptor, VATCalc, has appointed Kid Misso as its Chief Operating Officer to lead the scaling-up of its revolutionary application for indirect tax VATCalc is already building an impressive collection of global customers which have adopted its single tax determination and reporting application. They
Standard VAT rate returned to 15% from 14.5% 1 January 2023 following COVID In its 2023 Budget, Zimbabwe has returned its standard VAT rate to 15%. It was originally cut to 14.5% at the start of 2020. This was done to help households during the
2028 taxpayers must be able to issue and receive e-invoices within 2 days for Intra-community supplies – VAT in the Digital Age From 1 January 2028, e-invoices for supplies of goods or services across EU borders (Intra-community Supplies (ICS)) must be issued. The current maximum
VAT in the Digital Age (ViDA) package tackles abuse of Import One Stop-Shop numbers and import VAT evasion Included within the EU VAT in the Digital Age reforms package announced on 8 December 2022, is a measure to help prevent abuse of Import One Stop-Shop IOSS
2% temporary cut in VAT rate Feb to Dec 2022 expires Vietnam’s standard VAT rate on a range of supplies will return to 10%. Between 1 February and 31 December 2022, the rate has been cut to 8% to help stimulate the economy which is struggling
Parliament review VAT rate cuts to food, restaurants and other services The Riigikogu, the Parliament of Estonia, is reviewing a Bill to reduce to the reduced VAT rate of 5% the following supplies: Food excluding alcohol and tobacco Restaurant and catering feed and mixed feed
Shift from 21% standard rate to 9% reduced rate; other reduced rate changes The Baltic state of Lithuania is considering in parliament a fill to reduce the VAT rate on electronic books and publications to 9%. This follows most other EU states which have harmonised
€25,000 threshold limit backed by European Commission until December 2024; but threshold remains €20,000 The European Commission has proposed to allow the Netherlands to raise its VAT registration threshold to €25,000. This applies only to resident businesses; non-residents generally must register once they provide their first
General Consumption Tax simplifications The South Pacific French territory of New Caledonia is to simplify its TGV regime – VAT. The changes will include: Consolidating the existing four rates (11% standard; 22% higher; 6% reduced; 3% super reduced) into three rates Lowering the VAT registration
