Strengthening e-commerce powers to tackle evasion In this week’s 2024 Finance Bill, there are a number of upgrades of powers and rules for the tax office (DGFIP) to tackle fraud.
Plans for OECD-based Standard Audit File for Tax of transactional-level VAT data Bulgaria is set to join other countries implementing SAF-T, the OECD-backed standard schema for the exchange of information
Ministry of Finance raises VAT registration threshold to acknowledge record inflation Sweden’s Ministry of Finance has proposed raising the annual sales threshold for VAT registration from SEK 80,000 to SEK
South Dakota vs Wayfair Supreme Court 2018 – tax obligations on remote sellers and marketplace platforms The US Supreme Court in South Dakota vs Wayfair ruled 21 June 2018 that
VAT imposed on renters of three or more properties 2024; hike in ‘stayover tax’ Greece is to automatically apply VAT on sharing economy home renting where the provider offers three
Ministry of Finance reconfirms VAT rise to 12% 2025 Following press speculation of a 2024 VAT rise, the Ministry of Finance has confirmed that the second-stage increase from the current
Toursim VAT cut prolonged again for further six months till April 2024 Uruguay has extended again its reduced Value Added Tax rate for tourism services as the economic effects of
Temporary energy VAT cut introduced with spiking inflation in 2022 is to end this year – 3 months early The German government is reported to be planning to end the
VAT e-invoicing mandate planning underway – 2025 target – to supplement myDATA transaction reporting for pre-filled VAT returns Greece’s Ministry of Finance and tax authority (AADE) has confirmed that it
Draft legislation published for Jan 2024 near real-time reporting of B2B invoices; full B2B pre-clearance e-invoicing July 2024 Draft legislation has been issued for the launch of B2B electronic invoicing
Phased introduction of mandatory e-invoicing from 2024 Following the passing of a Bill to mandate e-CF e-invoices, the Dominican Republic’s General Directorate of Internal Taxes (Dirección General de Impuestos Internos
Despite drop in peak inflation, government extends VAT cut on essentials until 30 April 2024 The Cypriot Council of Ministers has now approved a six-month extension to the temporary reduction
New quarterly reporting of cash and receivables from Nov 2023 Bulgaria’s 2023 Budget has imposed a new quarterly report for all VAT registered businesses to declare cash holdings and certain
Doubts on budget gap discussions with EU puts VAT rise into play Update 19 Sept: draft law includes a number of measures including VAT on sugary products to avoid a
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