UK Agri-foods pre-notification and documentation border controls confirmed 5th delay to Apr – Oct 2024 The UK government’s latest Border Target Operating Model today has announced another delay to import checks on animal and plant goods from the EU (and rest of the world). The
Updated legislative proposal for DST comes into effect if no agreement on OECD tax reforms Canada has issued revised legislation for the introduction of a 3% Digital Services Tax (DST) on large companies from 2024. It would apply retrospectively for in-scope income from 1 January
Voluntary e-invoicing April 2024; mandatory to be confirmed for October 2024 Sultanate of Oman Tax Authority has confirmed its plan to introduce VAT electronic invoicing via a formal Request for Information tender request. “The plan is to open e-Invoicing to VAT registered taxpayers in Oman
Delays on technical specifications and election results means mandatory B2B e-invoicing delays. Likely January 2025 Spain’s plans for launching a mandatory B2B e-invoicing regime in July 2024 have been set back as detailed technical specifications are still not available. Under the draft regulations, Spain is
Transactional level data, initially on-demand; mandatory introduction between 2025 and 2027 The Ukrainian Ministry of Finance has adopted an optional Standard Audit File for Tax (SAF-T) regime from 1 January 2023. It will become mandatory for large taxpayers from 1 January 2025, and then for
FATOORAH mandatory B2B e-invoicing eighth wave to join Phase 2 from 1 March to 30 June 2024 Zakat, Tax and Customs Authority (ZATCA) confirms eight wave of taxpayers to join the Phase 2 (Integration Phase) of mandatory e-invoicing. These are taxpayers with an annual income
Poland refers Carbon Border Adjustment Mechanism (CBAM) mechanism to ECJ; CBAM to impose costs on imported goods with heavy emissions The Polish government is to challenge the introduction of the EU’s CBAM green policy since it believes it will lead to higher food prices and
Two phased ‘e-billing system’ B2B July 2025 to July 2026 The Arab Gulf state of United Arab Emirates (UAE) Ministry of Finance has published plans to implement mandatory real-time payments and e-invoicing for B2B transactions from July 2025. The news came as part of a
ECOFIN reviews ViDA reforms and potential delay: 2025 single VAT registration and platform economy deemed supplier; and 2028 mandatory e-invoicing & digital reporting The EU Finance Ministers (‘ECOFIN’) working party on tax is set on 11 & 12 September 2023 to revisit the proposed 2025-28
Internal Revenue Service confirms VAT on cryptocurrencies The Internal Revenue Service of Chile (SII) has confirmed the VAT liabilities on the trading of digital currencies such as bitcoin. Like many jurisdictions, trading of cryptocurrencies are treated as exempt from VAT. These digital currencies are considered an intangible.
