New guidance on VAT liabilities for crowdfunding, including peer-to-peer loans The Finnish tax authority has issued new tax guidance including the VAT issues for contributors to crowd-funding projects. Scope of
Kenya’s Treasury 2024 budget proposes 2% hike to 18% The ruling Kenya Kwanza coalition has proposed a 2% rise in the standard VAT rate from 16% to 18% in the
VAT rate hike from 12% to 16% to help finance new trade route infrastructure The Central Asian state of Kazakhstan is considering raising its standard VAT rate from 12% to
GST Network again delays 30-day e-invoice upload deadline from August to November 2023 The GSTN has postponed again a new deadline for e-invoice uploads to the Invoice Registration Portal (IRP).
SARS considers e-invoicing / digital VAT transaction reporting with pre-filled returns The South African Revenue Service (SARS) has launched a public consultation on modernising its VAT regime. This includes moving
E-invoicing System EIS full rollout January 2024 The Philippines Bureau of Internal Revenue (BIR) has launched 1 July 2022 mandatory VAT e-invoicing for around 100 large taxpayers based on the
As part of major investment and structural reforms, range of VAT measures now being review in German parliament Germany has launched a major set of investment and innovation bill which
Update: Draft 2024 budget includes 4% increase in the standard VAT rate from 11% to 15% Plans earlier this month to hike Lebanese VAT by 1% to 12% have been
July 2024 launch of National e-Invoice System (KSeF) B2B e-invoicing mandate – new public consulation A new KSeF e-invoicing consultation has been opened this week. The Ministry of Finance is
Basic foods VAT cut from 7% to zero extended by three months till end of the year The Portuguese government has extended the temporary cut in VAT on basic foods
Austria to relaunch its SAF-T regime March 2024; was one of the earliest to adopt the OECD’s format for exchanging data with the tax authorities Austria’s is relaunching its version
New eVAT M2M platform builds on RTIP real-time invoicing; initially voluntary pre-completed VAT returns and tax-code mapping service Hungary’s National Tax and Customs Administration (‘NAV’) is to launch on 1
In what ways can generative and machine learning AI help VAT & GST professionals? Since the November 2023 launch of v3.5 ChatGPT, the global indirect tax world has been speculating
VAT automation products that simplify your international VAT determination, invoicing and reporting