200-transaction per annum threshold removed; $100k threshold remains The US state of North Carolina joins most other US states in withdrawing its transaction threshold for non-resident sellers. This had been 200 or more sales per annum, and applied to out-of-state – sellers without a presence
Congress approves regulations on administration of new VAT regime; implementation 2026 to 2032 The Brazilian lower house of parliament, Congress, approved on 10 July 2024 a Bill (PLP 68/24) with regulations covering the launch of the new VAT regime. The Senate, which received the Bill on
Belgium Federal Public Service issues new guidance for 1st January 2026 B2B e-invoicing The Belgian Federal Public Service Finance has issued guidance to all taxpayers for the 2026 e-invoicing mandate. Thus will require all B2B transactions to adopt structured e-invoices – although there is no
VAT in the Digital Age won’t return to ECOFIN for agreement till Oct or Nov 2024 2nd failure on agreement following Estonia’s block on Pillar 2, Platform Economy, means talks slow change of presidency of Council of the EU. Revised timetable: July 2027 Single VAT
3% DST will be collected if no agreement on OECD tax reforms Canada has given royal assent on 20th June 2024 and order in council on 28 June to legislation (Bill C-59) for the introduction of a 3% Digital Services Tax (DST) on large companies.
Fresh warnings on need for 2% VAT rate rise to curb debt Romania is facing new calls to consider a VAT rate rise – 2% up from the current 19% rate. If comes from an economics review by UniCredit bank which warns of the increase
FATOORAH mandatory B2B e-invoicing twelfth wave of Phase 2 from 1 December 2024 Zakat, Tax and Customs Authority (ZATCA) confirms thirteenth wave of taxpayers to join the Phase 2 (Integration Phase) of mandatory e-invoicing. These are taxpayers with an annual income between SAR 7 million
Senate and Representative’s Bills reconciled to impose 12% VAT on nonresident digital service B2C providers & platforms 28 June – The Congressional Bicameral Conference Committee has approved its reconciled version of the bill imposing 12% Value Added Tax on nonresident digital service providers to ensure
July 2024: implementation of digital invoice and record keeping phased launch The implementation of the Danish Bookkeeping Act main digital requirements is now underway. Under the 2022 Danish Bookkeeping Act, Danish resident businesses are mandated to record and store their accounting records on approved accounting
2024 eFactură B2B e-invoicing regime to be extended to B2C January 2025 Following B2B e-invoicing going mandatory on 1 July 2024, the Romanian Ministry of Finance has announced plans to extend its new B2B e-invoicing to B2C transactions from 1 January 2025. It will be
