VAT TV November 2023 news
VAT TV November 2023 news
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Want to join the VAT TV subscription list? Sign-up here. Nov 2023 global news & views
Luxembourg VAT returns to 17% Jan 2024
Luxembourg VAT returns to 17% Jan 2024
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1-year inflation standard VAT rate cut ends 1 January 2024 Luxembourg’s 1% temporary VAT cut for 2023 ends from 1 January 2024. The 2024 rate will be: Standard rate: 17%
How can Artificial Intelligence help close the VAT Gap
How can Artificial Intelligence help close the VAT Gap
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Persistent, huge VAT fraud issues push tax authorities to adopt Machine Learning and Generative Artificial Intelligence National tax agencies in Europe and beyond are increasingly turning to Artificial Intelligence tools
Denmark B2B domestic reverse charge telephony services
Denmark B2B domestic reverse charge telephony services
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Anti-VAT fraud measure from January 2024 Denmark is to be the latest EU member state to introduce the domestic reverse charge on business-to-business supplies of telephony services. The anti-VAT fraud
Germany brings forward ending of energy 7% VAT rate
Germany brings forward ending of energy 7% VAT rate
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Temporary energy VAT cut introduced with spiking inflation in 2022 is to end 1 March 2024 – 1 month early The German government plans to end the temporary reduction from
UK concerns on EU IOSS
UK concerns on EU IOSS
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UK Parliament’s European Scrutiny Committee flags ViDA and Customs IOSS reforms as friction for UK businesses; plus ongoing cost of EU fiscal representation The UK Parliament’s European Scrutiny Committee has
Sri Lanka split payments proposals
Sri Lanka split payments proposals
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Inland Revenue investigating direct VAT payments to combat fraud Sri Lanka’s tax authority, the Inland Revenue Department, has confirmed to the Committee on Pubic Accounts that it is considering enforcing
EU VAT Expert Group latest
EU VAT Expert Group latest
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2-year delay to ViDA Digital Reporting; TOMS on hold; 2021 e-commerce figures The EU’s VAT Expert Group (VEG) met at the end of October to review a range of EU
Romania credits AI for 1% increase in VAT revenues
Romania credits AI for 1% increase in VAT revenues
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Tax authorities deploy AI machine learning and RPI to detect VAT fraud Romania’s Minister for Digitalisation has claimed that the use of Artificial Intelligence machine learning and Robotic Process Automation
Tunisia 2024 VAT measures
Tunisia 2024 VAT measures
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2024 Finance Bill introduces rage of indirect tax measures The Tunisian Ministry of Finance has published the 2024 Finance Law to introduce a range of indirect tax measures. These include: VAT
Czech consolidating reduced VAT rates 2024; new 12% rate
Czech consolidating reduced VAT rates 2024; new 12% rate
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Czech Parliament approves 15% and 10% reduced rates replacement with new 12% rate from Jan 2024 The Czech Parliament has approved the proposed consolidation of reduced VAT rates from 2024.
Luxembourg domestic VAT reverse charge to combat fraud 2024
Luxembourg domestic VAT reverse charge to combat fraud 2024
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B2B Computer chips, mobile phones, laptops and precious metals put under Article 199 may provision Luxembourg is to adopt the VAT reverse charge on the small of a range of
Taxing AI will fail to fill the government income gap
Taxing AI will fail to fill the government income gap
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Artificial Intelligence replacing employment means dangerous drops in government revenues. Taxing AI isn’t the solution. Whether as a labour efficiency tool or complete displacement of workers, Artificial Intelligence (AI) is
Montenegro prepares B2B e-invoicing
Montenegro prepares B2B e-invoicing
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Ministry of Finance licenses Serbia’s e-invoicing platform ahead of mandate of B2B transaction reporting The Balkan state of Montenegro is preparing for the launch of B2B e-invoicing. It has recently
EU Parliament backs 2028 ending €150 IOSS limits
EU Parliament backs 2028 ending €150 IOSS limits
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ECON votes for Directive changes as part of wider March 2028 Customs & VAT reforms On 24th October 2023, the EU Parliament’s Committee on Economic and Monetary Affairs committee (ECON)
3 Horsemen of the VAT e-Invoicing Apocalypse
3 Horsemen of the VAT e-Invoicing Apocalypse
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Global e-invoicing mandates - what's being overlooked? That’s right: VAT. New live digital reporting & e-invoicing regimes are surfacing three almighty tax and cash flow risks for businesses. These go
Global VAT & GST changes Nov 2023
Global VAT & GST changes Nov 2023
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Major global Value Added Tax & Goods and Services Tax changes from 1 October 2023. Or check global VAT rates in over 300 jurisdictions here Sign-up to our free VAT
Sri Lanka hikes VAT to 18% Jan 2024
Sri Lanka hikes VAT to 18% Jan 2024
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Further 3% rise in standard rate following 2022 increase to 15% Sri Lanka’s cabinet has approved a 3% VAT rise from 15% to 18%. This will come into effect from