VAT compliance and reporting rules in The Netherlands Below is summary of the major rules provided under Dutch VAT rules (VAT Law of 1968 and VAT implementing regulation), plus adoption
New distance selling single VAT filing figures highlight initial success The EU Directorate-General for Taxation confirmed new and updated revenues from the EU e-commerce package reforms introduced from 1 July
NFT classified as digital service and liable to 21% VAT Agencia Estatal de Administración Tributaria, AEAT, has ruled that the supply of Non-fungible token is to be regarded as the supply of
Goods and Services Tax compliance and reporting rules in Australia Below is summary of the major rules provided under Australian GST rules (New Tax System (Goods and Services Tax) Act
‘Axe the Food Tax’ campaign approved by Governor The US state of Kansas is to phase out sales tax on food and food ingredients, covering “substances, whether in liquid, concentrated, solid,
The Israel tax authority extends returns and remittance deadlines Israeli VAT returns are filed bi-monthly if the annual turnover does not exceed NIS 1.51million (approx €400,000 or $470,00). Otherwise it
Ongoing economic disruption means VAT cut prolonged for further six months Uruguay has raging extended its reduced Value Added Tax rate for tourism services as the economic effects of the
Doubling of the registration threshold to lift thousands of business out of the VAT net The Czech Republic (Czechia) has been given permission by the European Commission (and European Council)
VAT compliance and reporting rules in Poland Below is summary of the major rules provided under Polish VAT rules (VAT Act and Decrees from Ministry of Finance), plus adoption of
3 options for simplification of treatment of movement of own stocks using the One Stop-Shop single VAT return to reduce multiple VAT registrations The European Commission (EC) is now reviewing
Temporary tax breaks on domestic fuel and basic foodstuffs The Bulgarian government has proposed temporarily reducing the Value Added Tax rate on domestic heating and bread. The National Statistical Institute
VAT compliance and reporting rules in Italy Below is summary of the major rules provided under Italian VAT rules (VAT Act (DPR 633/72)), plus adoption of EU VAT Directive provisions
The US’ Business Payments Coalition has launched a federal B2B electronic invoicing exchange pilot in the second half of 2022. The aim is to launch a full public scheme in
Temporary VAT cut to 5% bill on domestic energy and digital newspapers supplies 1 September 2022 The Slovenian Parliament is reviewing a bill to temporarily reduce the VAT on domestic
VAT compliance and reporting rules in France Below is summary of the major rules provided under French VAT rules (Code Général des Impôt – CGI – the French Tax Code.
Eurozone energy inflation 38% April 2022; temporary VAT subsidies for domestic power, foods and other basics A fast-growing queue of European countries are emerging to cut their already reduced VAT
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