Launch of VAT e-invoicing and fiscal devices 2024 The central African state of the Democratic Republic of Congo is to launch a mandatory VAT e-invoicing and fiscal devices (cash registers) next year. The aim is to curb Value Added Tax fraud and evasion. The initiative
Bolt wins right to only charge VAT only on its margin as Tour Operators Margin Scheme A UK First-tier tribunal case has ruled in favour of deliver service operator, Bolt, over HMRC. The tribunal ruled that these mobile ride-hailing services are passenger transport, commonly provided
OECD extends negotiations deadline to June 2024 for Pillar One convention shifting $30 billion in taxing rights between countries for digital services Aims to prevent proliferation of Digital Services Taxes and enable fairer, modern international tax regime The OECD’s negotiations with around 130 counties on
Belgium assumes Presidency of Council of EU Jan 2024 committing to progress VAT in the Digital Age, Customs reforms and direct tax work Belgium will take-up the rotating Presidency of the Council of the European Union on 1 January 2024 for six months. Belgium is
How is Al changing the tax function? Santhie Goundar investigates the changes firms are seeing; VAT case study It’s well documented how tax authorities AI is being used to close tax Gaps. But what about VAT? By Santhie Goundar for Financial Accountant. Of all the
PDF Qualified Electronic Signatures delay till Jan 2025 Portuguese businesses may continue to use PDF invoices as ‘electronic invoices’ until 31 December 2024. After which, they must include a Qualified Electronic Signatures (QES) from 1 January 2025. QES’ may only be issued to taxpayers by
Electronic invoicing to double VAT revenues Nigeria’s governmental review has identified the implementation of e-invoicing as a key strategy to double VAT revenues. A form of mandatory e-invoicing is already in place with the Central Bank for clearing payments. No timing has been provided by
Nov 2023: 1-year delay on the SAF-T Accounting to 2025 Portugal has delay for 1-year the implementation of annual SAF-T Accounting reporting. The new first period of reporting will be 2025 (instead of 2024). The first report will be due early 2026. The SAF-T accounting
Final provinces join digital e-invoicing (e-fapiao) pilot All Chinese provinces have now launched their digitalise e-fapiao programmes. Last month, Anhui, Beijing, Guizhou, Hunan, Ningxia, Qinghai and Shandong joined the nation-wide trials which has started in 2021. Tibet, the final province, joined 1 December 2023. These
