General Department of Taxation launched a virtual VAT assistant The Vietnamese General Department of Taxation has introduced an AI-powered virtual tax assistant, with a focus to boost VAT e-commerce compliance
Federal Council (Bundesrat) approved VAT changes as part of Annual Tax Act The German Bundesrat has approved the Ministry of Finance’s Jahressteuergesetz 2024 (Annual Tax Act) on 22 November 2024.
Tax Reform Bill to shake-up VAT revenue split between regions A new Tax Reform Bills has been submitted to the NigerianNational Assembly for consideration and proposes an equitable model to
Annual seller transaction reporting to follow OECD recommendations The West African country of Benin is joining many other countries in looking to online digital platform operators to combat VAT fraud.
15% on non-resident electronic services The East African semi-autonomous jurisdiction of Tanzania Zanzibar has imposed its 15% VAT on non-resident providers of digital services to consumers. This was introduced in
HMRC generative Artificial Intelligence chatbot Beta with help on VAT and other tax questions The UK tax authorities, HMRC, are advancing its generative AI chatbot, GOV.UK Chat, to support users
Electronic transaction statement supporting VAT return Slovakia introduced its electronic transaction control statement report from 1 January 2024. It is required in support of the VAT return, so filled monthly
Annual guidance from Ministry of Finance on technical Value Added Tax issues The Federal Ministry of Finance has published the annual VAT book, this one covering 2023. There is a separate
Australia adoption of Peppol International (PINT) e-invoicing specification The phased introduction of the PINT A-NZ specification of OpenPeppol standard e-invoicing has started. This replaced the ANZ Peppol BIS 3.0 specification
2-year VAT exemption on residential property sales on real estate crisis An economic downturn and ageing pollution has put huge pressures on China’s dominant real estate sector. This is threatening
Slovenia joins 19 other EU member states with VAT group simplification option Slovenia is to introduce the option for related taxpayers to join under a single VAT number for reporting
January 2025 updates to Dutch VAT law There are a number of changes to the Dutch VAT regime from 1 January 2025. There will also be a number of Dutch
Malaysia Budget 2025: Comprehensive Indirect Tax Reforms and Strategic Economic Initiatives On 18 October, the Malaysia’s Ministry of Finance unveiled the 2025 Budget, outlining transformative fiscal strategies aimed at enhancing
Is €50 billion fraud in the EU VAT Gap an overestimate The European Commission’s annual VAT Gap estimate is due within the next few days. But is the calculation of
B2C Sellers and marketplaces to charge VAT in checkout on low-value consignments of goods Chile’s has enacted (Tax Compliance Bill) the imposition VAT on low-value consignments of goods being imported
Spain calls for early option to impose mandatory deemed supplier on ride & accommodation platforms On 5th November 2024, EU finance ministers gave political agreement to VAT in the Digital
HMRC updates obligations for platform operators with regards their sellers VAT activities The UK’s HMRC is updating use of data from digital platform operators in the UK of their sellers
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