Emergency cut from reduced VAT rate of 9% to 6% Dec 2024 An emergency period VAT rate cut for the hospitality sector from 16 December 2024. The new rate will
Draft 2025 Finance Bill includes e-invoicing to tackle fraud The Directorate General of Taxes and Domains (DGID) of West African country of Senegal is gearing-up for the introduction of mandatory
Increase to €20,000 annual sales threshold for mandatory VAT registration in 2025 budget The Finnish Ministry of Finance is planning to raise the annual sales threshold for compulsory VAT registration.
January 2025 rise to €100,000 annual sales threshold for compulsory VAT registration The Czech Republic is raising the VAT registration threshold on 1 January 2025 from CZK 2,000,000 to CZK
ECOFIN summary to European Council on tax developments On 10 December 2024, the six-monthly report on EU tax reform projects was approved at the monthly meeting of finance minister, ECOFIN.
Tax authority withdraws VAT on export services The Egyptian Tax Authority (ETA) has reformed its approach to value-added tax (VAT) on exported services by canceling two controversial 2019 Circulars. These
E-invoicing rollout completes December 2024 The final wave of taxpayers are set to join the Directorate General of Taxes (DGI’) e-invoicing portal, CFE (Comprobantes Fiscales Electrónicos), by 31 December 2024.
2025 customer right to e-invoicing; 2027 mandatory B2B e-invoicing The Estonian Ministry of Finance has published an update on its mandatory e-invoicing rollout. It now intends a 2027 launch date
Reverse charge; base calculations and import VAT The Hungarian 2025 tax package introduces key changes to VAT regulations, approved by parliament, effective over the next several years. See our Hungary
2030 taxpayers must be able to issue and receive e-invoices within 2 days for Intra-community supplies – VAT in the Digital Age From 1 July 2030, e-invoices for supplies of
Annual sales threshold for mandatory VAT registration increases from €50,000 to €60,000 Croatia’s Finance Ministry has stated there will be a €10,000 rise in the annual sales threshold for mandatory
Risk of missing trader VAT fraud in natural gas wholesale markets prompts zero-rating 1 January 2025 Hungary has become the latest country to introduce the VAT reverse charge on domestic
Foreign sellers and intermediary digital platforms subject to new rules and rates 1st April 2025 The Vietnamese National Assembly has approved clarifications on non-resident VAT-registered business obligations, VAT rates, and
Overview of the EU-backed standard for structure electronic invoices Standard EN6931 is the standardised framework for structured e-invoicing adopted by CEN (European Committee for Standardisation) on April 17, 2017. It
New rules for foreign VAT registered businesses from 1 January 2025 Effective 1 January 2025, significant amendments to the Czech VAT Act will impact foreign entities registered for VAT within
Travellers to be able to reclaim VAT in Gulf state Saudi Arabia will implement a VAT refund system for tourists in 2025, as part of its efforts to enhance the
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