4-year cut from 4.5% to 4.2% voted by Senate; subject to Governor’s veto South Dakota’s two legislative chambers, the Senate and House, have voted for a four year temporary reduction
VAT records requirements for sellers, deemed supplier marketplaces and Intermediaries for on-demand VAT audit requests –SAF OSS XML schema The One Stop-Shop (OSS) and Import One Stop-Shop (IOSS) VAT returns
Baltic state to increase threshold from €45,000 to €65,000 – second highest in the EU Lithuania has drawn up legislation to increase the annual sales threshold for VAT registration. From
Australia extended its 10% Goods and Services Tax (GST) to electronic or digital services provided by foreign sellers or marketplaces from 1 July 2017. This includes marketplaces becoming the deemed
B2B electronic invoicing to reduce fraud and compliance obligations – consultation underway Croatia is the latest country to announce the role out of mandatory Mandatory structured e-invoicing between VAT registered
E-invoicing and live digital reporting mandates mean VAT and GST must be calculated accurately in real-time to avoid blocked invoices, audits and potential losses. How to rise to the challenge
The EU is undertaking an extended program of reforms to its Value Added Tax regime. This commenced with the 2016 Tax Action Plan, containing over ten reforms included the later
Spain opens public consultation on plans 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
New draft law indicates foreign providers will face digital services VAT responsibilities In January, Chinese draft VAT law was issued. Aside from consolidating many existing laws, it includes a shift
Improved credit refunds, extended deadlines backed by tougher fines approved Belgium’s Parliament last week adopted reforms for the administration of VAT returns in an aim to help businesses and curb
Ministry of Finance confirms July 2024 to July 2025 B2B invoicing phased rollout; Full govt and Parliament approval needed Belgium’s Ministry of Finance has reconfirmed plans to commence mandatory B2B
Facilitating marketplaces services due even when non-taxable supplies British Columbia has confirmed services provided by to facilitate the sale or provision of non-taxable services are still subject to Provincial Sales
Withdrawal of CHF100,000 distance selling VAT registration threshold Switzerland is to follow the EU and many other countries by ending the VAT registration threshold for non-resident e-commerce sellers to consumers.
EP’s member services lays out procedures for ViDA progress ahead of 24 Oct 2023 ECOFIN vote The European Parliamentary Research Service has set out some of the issues in the
ECJ confirms 2011 implementing regulation of the European Council specifying that the operator of a platform, such as OnlyFans, is presumed to be the supplier of the services provided –
Ministry of Finance 2023/24 economic plan includes introduction of pre-clearance B2B e-invoices to tackle fictitious invoice fraud The Israeli Ministry of Finance has published its economic plan for public consolation
Northern Ireland Protocol replacement removes most customs controls; gives back many reduced VAT and excise rates powers to UK; and introduces ‘Stormont Brake’ to Northern Ireland Assembly to block EU
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