UK Treasury launches 3-month review on 1% to 2% Online Sales Tax on e-commerce goods and services A consultation into taxing e-commerce to subsidise high-street retailers’ Business Rates charges has
Upgrade to 4.0 CFDI mandatory July 2022 The latest version of CFDI e-invoicing system becomes mandatory 1 July 2022 following its optional launch on 1 January 2022. 4.0 changes include:
DGI updates rules of pilot and deadlines for roll out of mandatory e-invoicing Since 2021, a pilot roll out is underway of mandatory e-invoicing for all new taxpayers on the Electronic
2022 Budget extends online facilitating platforms’ liabilities to 7% Provincial Sales Tax for goods and traditional services from 1 July 2022 Provisional highlights for this week’s British Columbian 2022 Budget
Inflation hits 8.4%; rise to nearly 10% forecast Romania is proposing cutting VAT on automobile fuel to 5% from 1 April 2022. This would cover: leaded gasoline, unleaded gasoline, liquefied
The European Commission is proposing to give member states the freedom to waive Value Added Tax on defence spending. This is part of a wider range of measures to promote
Spain to add live B2B e-invoices to existing SII real-time reporting; rollout between 2024 and 2026; legal obligation on ERP and billing system vendors to offer compliant systems A technical
3-phase launch for B2B electronic invoicing starting July 2023? An ambitious, and potentially subject to delay timetable for the introduction of mandatory B2B invoices in Belgium is being circulated to
Real-time transaction-based reporting and pre-clearance of VAT invoices to tax authorities to improve tax collections and simplify compliance Governments seize control of invoicing process As governments around the world look
Withholding VAT % raised across number of sectors Turkey has raised the rates and list of supplies subject to a VAT split payment or withholding payment. This obligation requires the
Tax loophole to be closed by making platforms responsible for VAT Switzerland is set to follow the EU by imposing deeded supplier obligations on digital platforms. This makes them responsible
Caribbean state consults on levying VAT on e-services from non-resident providers and marketplaces The Caribbean state of the Dominican Repulic is consulting on imposing Value Added Tax on foreign digital
Dutch Caribbean dependancy joins Value Added Tax club in exchange for COVID-19 funding The Caribbean island of Aruba is to introduce a Value Added Tax at 12.5% from January 2023.
Anti-VAT fraud initiatives get Parliament vote The European Parliament voted on 16 February 2022 in favour of harmonising pan-EU e-invoicing and supporting the adoption of the definitive VAT system reform
First stage GST hike next year with more to come to fund ageing population Singapore is increasing its Goods and Services Tax rate for the first time in 15 years
Alternatives for determining the customs value for post-Brexit import declarations Following the UK’s departure from the EU Customs Union and VAT regime after 31 December 2020, importers will have to
Threshold on electronic reporting of e-invoices cut ahead of live reporting South Korea’s near real-time e-invoicing regime will be made mandatory for a larger group of companies as it cuts
3-month payments option for 2021 Quarter 4 VAT period VAT registered taxpayers in Cyprus may opt to pay their December or Quarter 4 2021 returns. However, returns must nevertheless be
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