Call from Parliament tax committee chair for Articifical Intelligence levy The Chair of the EU Parliament’s Subcommittee on Tax matters this week called for proposals to tax Artificial Intelligence (AI).
VAT and customs loophole narrowed to dissuade cross-border shopping Switzerland is to cut from CHF 300 to CHF 150 the VAT and customs-free threshold for imports of goods. This applies
Turkey joins the movement to deploy AI machine learning to take on VAT and tax fraud Turkey is set to leverage artificial intelligence (AI) in its efforts to combat tax
Platform operators face VAT deemed supplier and reporting obligations from January 2026 A bill (Proyecto de Ley de Cumplimiento de las Obligaciones Tributarias) to impose new VAT deemed supplier and reporting
Oct 2024: EC grants Germany VAT Directive emissions trading derogation extension The Council of the EU has permitted Germany to extend the domestic reverse charge on carbon emission trading to
UAE introduces 2018 retrospective VAT exemption for crypto currencies and virtual assets The UAE Federal Tax Authority recently issued an updated version of the Executive Regulation of the Federal Decree-Law
EU use of VAT to promote green policy Objectives and sustainability New energies are being devoted to the use of VAT as a tool to promote environmental sustainability and support
Largest taxpayers must now annually detail unresolved GST maters; control issues; risks; and errors The Australian Taxation Office (ATO) is looking to strengthen GST compliance at the largest taxpayers with
Norway and the EU are intensifying their cooperation to combat VAT fraud and claims recovery The EU and Norway have signed an updated agreement on administrative cooperation in the field
Increase on annual sales threshold for mandatory VAT registration in 2025 budget In the 2025 Budget, released on 1 October 2024, Ireland is proposing to increase the existing VAT registration
Annual comparative review of countries’ tax of goods and services Included within the OECD’s annual Tax Policy Reforms: OECD and Selected Partner Economies are an analysis of VAT and GST
What do the countries resisting the fashion for pre-clearance VAT e-invoicing know What do the countries resisting the fashion for pre-clearance VAT e-invoicing know? Why are they looking at alternatives?
Thai extends VAT exemption Thailand has extended the VAT exemption of cryptocurrencies such as Bitcoin. The new Royal Decree 788 came into force on 25 September 2024. It extends VAT
Calls for major reforms: Rate rationalisation; dispute resolution; input tax credits India’s Goods and Services Tax is up for reform.GST was implemented in July 2017, and gave the country’s internal
VAT Gap cut from €6 billion to €3 billion with myDATA reporting, POS reporting and e-payments Greece is turning into the new poster child of anit-VAT fraud policies. Its Prime
Special scheme for small businesses; new fixed asset and stocks reporting; place of supply live streaming events On 18 September 2024, the Bulgarian Ministry of Finance (MOF) published a proposal
Bill to cut key supplies to 5% rate whilst 2025 standard rate rise to 24% still being considered A new Estonian bill in its parliament is proposing the following reclassifications
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