OECD Report to G20 includes Pillar 1 reforms update as countries reactivate Digital Services Taxes The OECD has updated Finance Ministers of the G20 on progress on tax talks, including BEPS. The report covered Pillar 1 talks to redistribute the jurisdictional rights to tax revenues
Pillar 2 delay to January 2030 (voluntary Jul 2028) with 10-year opt-out proposal to unlock Estonia’s veto on VAT in the Digital Age. ViDA confirmed on 5th Nov ECOFIN agenda for final agreement A revised VAT in the Digital Age proposal for the outstanding Pillar
EU Working Party on Tax reviews Fiscal representation to encourage adoption of IOSS and close VAT fraud Proposals are being discussed on 6 November 2024 at the EU’s Working Party on Tax Questions to reform the Import One-Stop Shop reporting to shut down VAT fraud
Parliament reviews behavioural taxes under EU control: VAT; alcohol; tobacco; and energy products The EU Parliament has published a briefing on behavioural taxation, which can be used to influence consumer behaviour, as well as to collect revenue. The EU has set ambitious environmental and health
Call from Parliament tax committee chair for Articifical Intelligence levy The Chair of the EU Parliament’s Subcommittee on Tax matters this week called for proposals to tax Artificial Intelligence (AI). Pasquale Tridico, MEP, said: “IA is a source of income (…), that’s why it needs
Oct 2024: EC grants Germany VAT Directive emissions trading derogation extension The Council of the EU has permitted Germany to extend the domestic reverse charge on carbon emission trading to prevent suspected VAT fraud. This includes missing trader fraud where criminals claim to be selling
Special scheme for small businesses; new fixed asset and stocks reporting; place of supply live streaming events On 18 September 2024, the Bulgarian Ministry of Finance (MOF) published a proposal for amendments to the Value Added Tax (VAT) Act, aimed at introducing special VAT regimes
Federal Government: Jan 2025 obligations may be covered by dedicated e-mail box for suppliers’ structured electronic invoices The first phase of German e-invoicing mandate starts on 1 January 2025. All German resident taxpayers must be able to receive structured, or machine readable, electronic invoices. Following
France’s DGFiP estimate of missing VAT revenues at €6bn to €10bn per annum The Direction générale des Finances publiques tax authorities has published an in-depth study on the loss of Value Added Tax (VAT) receipts resulting from errors or omissions in reporting – including evasion.
NSW Supreme Court rules Uber platform mere collection agent; GST obligations unclear The Supreme Court of New South Wales in Australia has ruled ride-sharing drivers are independent, and not employees, in a case concerning ride-sharing. This means any Goods and Sales Tax obligations remain with
