Russia cuts VAT for tourism services and investment for five years in acknowledgement of surplus in industry following Ukraine invasion The Russian government has cut the Value Added Tax rate
Tax and VAT simplifications for the duration or martial law Ukraine has approved a range of tax simplifications following the Russian invasion and the implementation of martial law. This includes:
New tax hikes and levies on range of supplies confirmed by Parliament – 1 January 2022 implementation Update: Sri Lanka VAT raised to 12% from 1 June 2022 The drop
KSeF National e-invoicing System voluntary launched 2022; mandatory from 1 April 2023 following EU approval Poland’s Ministry of Finance has introduced voluntary B2B electronic invoices on 1 January 2022 after
Exemption for audio books; PST on admission fees for various activities Canada Saskatchewan 2022 budget included a number of Provincial Sales Tax (PST) changes. This included: Audio books will be
Plans to extend India e-invoicing to Business-2-Consumer transactions in doubt Following the completion in 2021 of the rollout of B2B electronic invoicing for transactions above ₹20 crore (from 1 April
Chancellor’s Spring Statement cuts on green VAT and Fuel Duty as inflation hits 6.2% – 30 year high The UK Chancellor, Rishi Sunak, delivered his annual Spring Statement. This included
Tax codes are used to communicate VAT calculations and reporting between systems. But are they essential if they’re slowing down implementations, and driving-up installation and maintenance costs? There is a
Third extension of COVID-related VAT subsidy for hotel and restaurant services Moldova has extended for the third time its application of the reduced 6% VAT rate on hotel and restaurant
European Commission call for evidence and public consultation on 3 reforms to EU VAT The European Commission is inviting feedback on three proposed reforms to improve the efficiency, fairness and
Paraguay extended its Withholding VAT regime to non-resident digital or electronic services provider to consumers from 1 January 2021. It applies to both B2B and B2C transactions. In addition, a
Overcharged import VAT recovery via IOSS return gets backing Group on the Future of VAT May 2023 update: The EC has proposed ending the €150 VAT threshold on consignment stocks
42% rise in energy inflation in 2021 and Ukraine conflict prompts VAT cut plan Belgium has confirmed a temporary cut in domestic electricity and natural gas Value Added Tax rate
Doubts over post-Brexit Northern Ireland position if UK decides to cut VAT rate on energy or petrol Questions as to the VAT position of Northern Ireland (NI) following Brexit have
7.6% February inflation prompts temporary VAT until end May 2022; electricity VAT cut till Jun 2023 North Macedonia experienced its highest inflation in almost fifteen years. This was up from
Swiss referendum on digital streaming ‘Lex Netflix’ levy where foreign services do not invest in local production Swiss voters on 15 May agreed to introduce a 4% levy on providers
Withdrawal of €22 low value consignment exemption and new IOSS return success; 8,000+ IOSS registrations; Council backs VAT in the Digital Age further reforms The European Commission has confirmed that
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