Right to claim delayed VAT payments as pandemic continues to disrupt The Chilean tax authorities, Internal Revenue, has provided a number of reliefs on Value Added Tax payments. These include the option to apply for two months’ payment delays on VAT remittances for small businesses.
2022 Budget introduces VAT rise on certain imports to fund foodstuffs rate cut The Revised 2021-22 Fiji Budget has raised VAT from 9% to 15% on certain companies and imported goods and services. This rise replaced the Environment and Climate Adaptation Levy (ECAL). This applied
Bhutan Integrated Taxation System (BITS) platform delays means Sales Tax replacement will not launch 1 July 2022 Bhutan has delayed again the implementation of its Goods and Services Tax beyond 1 July 2022, its scheduled launch date. Delays in the new BITS platform – which
Legislator endorses continuation of anti-VAT fraud measure and Quick Reaction Mechanism until 31 December 2025 The European Union Parliament has voted to retain the VAT reverse charge mechanism to help reduce the VAT Gap – amount of uncollected EU VAT. The reverse charge is an
Sistem E-Faktura B2G electronic invoices May 2022; B2B January 2023 Serbia has confirmed the 2022 mandated Sistem E-Faktura e-invoices requirement for B2G transactions from 1 May 2022 (previously 1 January 2022). B2B invoices will still go ahead from 1 January 2023. This covers the creation, issuance, sending
Only state or VERI*FACTU approved invoicing software may be used to prepare and submit invoices Spain is to formalise from 1 January 2024 the rules on invoices and their production electronically, including computerised invoicing. This includes certified invoicing systems and voluntary submission of invoices to
Romania eFactură electronic invoices now open to registrations; phased launch 2022-23 Eligible businesses may now register for Romania’s new B2B RO e-invoicing regime. The first phase of mandated e-invoices is for fraud high-risk supplies (see below), and starts 1 July 2022 the Ministry of Finance has
Payments for digital properties within online games outside scope of VAT The German Federal Tax Court, BFH, has ruled that sales or leasing for consideration of virtual buildings or land is outside the scope of VAT. The case covered the use of the US-based game,
Stringent COVID-19 lockdowns lead to VAT break The Chinese Ministry of Finance and State Taxation Administration have confirmed that delivery services will be zero-rated between 1 May and 31 December 2022. This will cover express delivery services of household essentials, aimed at providing some support
