Harmonised sales tax compliance rules across participating states State sales taxes in the US are under the control of the relevant state, leaving a huge disparity in compliance obligations and
Parliament comments on EC IOSS threshold removal proposal The European Parliament has produced a briefing on the European Commissions proposals for e-commerce import VAT reforms. This includes: Removal of IOSS
European Commission issues evaluation of voucher VAT rules The European Commission (EC) has issued its review of the application of VAT rules on the use of vouchers across the 27
Behavioural taxes may be too successful to generate EU own resources Constantly looking for ways to generate EU-level ‘own resources’, the European Commission is increasingly exploring behavioural taxes to diversify
200-transaction per annum threshold removed; $100k threshold remains The US state of North Carolina joins most other US states in withdrawing its transaction threshold for non-resident sellers. This had been
Switch from 17% standard rate to 8% reduced rate from January 2025 Luxembourg is to join many EU states by providing works of art with the reduced VAT rate tax
New Council of EU president plays down expectations on quick agreement on ViDA reforms; deep political issue add to likely delays The incoming rotating president of the Council of the
January 2025: annual sales threshold for mandatory VAT registration increases from €35,000 to €50,000 Luxembourg has proposed increasing the annual threshold for Value Added Tax registration in January 2025 from
End of inflation spike means 2022 temporary zero-rating to be phased out The Spanish temporary zero-rating of bread, flour, certain types of milk, cheeses, eggs, and fruits, vegetables, legumes, tubers,
e-facturation Finance Law to introduce centralised e-invoicing platform The East African island state of Madagascar is set to become the latest country to mandate the use of centralised e-invoicing. The
Central Committee reconsiders VAT base and rates at Third Plenum as property taxes fall China’s rulers are set for their third plenum in the current 5-year political planning cycle next
Taxis and takeaway beverages to remain at 13%; onsite beverages returns to 24% The Greek Ministry of Finance has confirmed that the COVID temporary VAT rate of 13% on taxis
Swiss ePortal FAQs on electronic VAT registration, payments and adjustments from January 2025 The federal cabinet of the Swiss Confederation, the Federal Council, has mandated electronic VAT compliance. This is
Global switch to indirect tax set for boost from Artificial Intelligence propensity to thrive on big, defined data models The 30 year+ trend of adopting VAT, GST and other indirect
July 2024: B2C 18% liabilities; reverse charge for B2B transactions Following the 2023 Finance Act, the Ministry of Finance has confirmed the obligations for registration of non-resident providers of digital
Switch from 19% standard to 7% reduced VAT rates January 2025 The Value Added Tax rate on the sales of art work in German will fall from 19% to 7%
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