Option for import VAT payment postponement 1 January 2024 Bulgaria is the latest EU member state to offer taxpayers the option to bypass the obligation to pay import VAT at
Tax reforms to meet IMF loan requirements Ukraine’s Cabinet on 27 December approved a 5% Value Added Tax rate cut from 20% to 15%. The reduction is part of a
Latest country to impose tax on foreign streamers to support local TV production; will not contravene OECD BEPS Pillar 1 Denmark is joining Switzerland, Portugal and Spain with a 2%
Non-residents liable to register and collect VAT on e-services The North Macedonian Ministry of Finance has imposed Value Added Tax on digital and telecommunications services provided by non-resident providers from
How large language model Artificial Intelligence can help get VAT right Generative Artificial Intelligence based on large language models offer exciting opportunities to enhance the accuracy and efficiency of global
New Guide and FAQs for delayed imposition of Sales Tax and duties on B2C low value goods goes ahead 1 January 2024 Reforms to sales tax on small value packages
Government confirms 2% rise in VAT rate The Caribbean islands state of Antigua and Barnuda has indicated that it may have to increase its Sales Tax (ABST) by 2% to
Increase to €800,000 annual threshold for cash-based VAT scheme Germany is raising the sales threshold for small businesses to join the cash-based VAT scheme. This offers eligible tax payers to
2024 Increase in dispatches and arrivals of goods reporting thresholds The Czech Statistical Office has announced a rise in Intrastat thresholds from 1 January 2024. The thresholds will be as:
AI adopted on more interpretative elements of GST law sparks huge uplift in Show-Cause Notices Indian Goods & Services Tax registered businesses from the shipping, gaming, insurance and airline sectors
Belgium assumes Presidency of Council of EU Jan 2024 committing to progress VAT in the Digital Age, Customs reforms and direct tax work Belgium will take-up the rotating Presidency of
OECD figures show other taxes’ growth outstrips VAT; but is this because of attractions of VAT during crises? The OECD’s annual “Revenue Statistics 2023: Tax Revenue Buoyancy in OECD Countries”
VAT rise shadows Switzerland’s rise to fund welfare payments The European Principality of Liechtenstein is to raise VAT rates from 1 January 2024 as follows: Standard rate from 7.7% to
How is Al changing the tax function? Santhie Goundar investigates the changes firms are seeing; VAT case study It’s well documented how tax authorities AI is being used to close
Federal Ministry of Finance latest annual tax guide issued The annual VAT guide has been issued by the German Finance Ministry (Bundesministerium der Finanzen BMF) – this one covering 2022.
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