FATOORAH mandatory B2B e-invoicing third wave to join from 1 October 2023 Zakat, Tax, and Customs Authority (ZATCA) confirms third wave of taxpayers to join the Phase 2 (Integration Phase)
4-year cut from 4.5% to 4.2% approved by Governor – 1 July 2023 until 30 June 2027 South Dakota’s two legislative chambers, the Senate and House, have voted for a
Inflation on food accelerates to 21.5% prompts temporary VAT rate cut Whilst Portuguese inflation is drifting downwards – 8.2% in February compared to 10.1% peak in October 2022, food inflation
2023/24 Budget includes VAT collections obligations for non-resident service providers from January 2024 The Israeli government drawn 2023/24 budget which will include a proposal to extend Israeli VAT collections obligations
One-year zero-rating of food as inflation rises to 8% The Dutch parliament has accepted for review a Bill to reduce VAT on basic foodstuffs for 12 months. This would exclude
Rise in inflation to 18.4% prompts likely further rollover of VAT on food cuts The current temporary VAT zero-rating of many foods, due to end on 30th June 2023 is
Review of EU VAT implications for NFT’s – suggests should be characterised as taxable electronic service The European Commission’s VAT Committee has produced a review of the treatment of EU
Chamber of Representatives makes energy VAT cut permanent The Belgian 2023 Federal Budget has changed the temporary VAT cut from 21% to 6% permanent. There will also be reforms of
Potential early ending to temporary VAT rate cut introduced at height of COVID pandemic Bulgaria is looking to bolster it’s finances with a range of tax changes, including ending from
Italy tax reforms may consolidate 3 reduced rates to 2 As part of a sweeping range of tax reforms announced by the Council of Minister, there are plans to simplify
France’s July 2024 B2B e-invoicing launch sees a special role for independent e-invoicing agents – PDP’s Mandatory B2B domestic e-invoicing in France will start in July 2024. A pilot will start
Senate leader doubts 2023 indirect tax reform Hopes earlier this year (see below) for progress to unlock competing proposals (PEC’s 110 and 45) to introduce VAT in Brazil have been
On 1 January 2019, the Arab Gulf state of the Kingdom of Bahrain implemented Value Added Tax on non-resident digital or electronic services providers or marketplaces selling to consumers. This
European Commission calls for feedback on adoption and areas for improvement of standard electronic invoice format as VAT in the Digital Age reforms approach The European Commission is holding a
EDPS backs personal data guards in EU’s ViDA reform proposals The EU’s independent European Data Protection Supervisor (EDPS) has provided an initial positive review of the European Commission’s VAT in
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