Review of EU VAT implications for NFT’s – suggests should be characterised as taxable electronic service The European Commission’s VAT Committee has produced a review of the treatment of EU
Chamber of Representatives makes energy VAT cut permanent The Belgian 2023 Federal Budget has changed the temporary VAT cut from 21% to 6% permanent. There will also be reforms of
Italy tax reforms may consolidate 3 reduced rates to 2 As part of a sweeping range of tax reforms announced by the Council of Minister, there are plans to simplify
On 1 January 2019, the Arab Gulf state of the Kingdom of Bahrain implemented Value Added Tax on non-resident digital or electronic services providers or marketplaces selling to consumers. This
European Commission calls for feedback on adoption and areas for improvement of standard electronic invoice format as VAT in the Digital Age reforms approach The European Commission is holding a
EDPS backs personal data guards in EU’s ViDA reform proposals The EU’s independent European Data Protection Supervisor (EDPS) has provided an initial positive review of the European Commission’s VAT in
Long standing data availability & accuracy challenges take on new imperative with the proliferation of VAT digitalisation and live transaction reporting The whirlwind of global e-invoicing and digital reporting mandates
2023 budget restates aim to review VAT treatment of banking, fintech and insurance In yesterday’s annual Budget, the UK Chancellor confirmed ongoing work to review the current VAT exemption for
First wave Belgian tax reforms, including proposals to consolidate VAT rates, dropped Failure to gain political support by the Belgian Finance Minister, Vincent Van Peteghem, to his ‘first phase tax
VAT records requirements for sellers, deemed supplier marketplaces and Intermediaries for on-demand VAT audit requests –SAF OSS XML schema The One Stop-Shop (OSS) and Import One Stop-Shop (IOSS) VAT returns
Australia extended its 10% Goods and Services Tax (GST) to electronic or digital services provided by foreign sellers or marketplaces from 1 July 2017. This includes marketplaces becoming the deemed
E-invoicing and live digital reporting mandates mean VAT and GST must be calculated accurately in real-time to avoid blocked invoices, audits and potential losses. How to rise to the challenge
New draft law indicates foreign providers will face digital services VAT responsibilities In January, Chinese draft VAT law was issued. Aside from consolidating many existing laws, it includes a shift
Facilitating marketplaces services due even when non-taxable supplies British Columbia has confirmed services provided by to facilitate the sale or provision of non-taxable services are still subject to Provincial Sales
Withdrawal of CHF100,000 distance selling VAT registration threshold Switzerland is to follow the EU and many other countries by ending the VAT registration threshold for non-resident e-commerce sellers to consumers.
EP’s member services lays out procedures for ViDA progress ahead of 17 Oct 2023 ECOFIN vote The European Parliamentary Research Service has set out some of the issues in the
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