Reduced rate of 3% under new EU freedoms on reduced VAT rates Update: this new rate was gazetted on 23 July 2023, and so is now in effect. Cyprus’ Council
July 2023: extension of scope of services subject to VAT Uganda’s VAT has been amended to extend the scope of digital services subject to VAT – THE VALUE ADDED TAX
Switzerland’s Parliament agrees a range of compliance change to the VAT Act which come into effect on 1 January 2025. The main changes are listed below. Switzerland will raise VAT
10 July 2023 VAT standard rate increases from 18% to 20% Turkey has gazetted on 7 July 2023 a 2% increase in its VAT rate from 10th July 2023. The
EU VAT Directive Art 194 domestic reverse charge to combat fraud Denmark’s Tax Administration has made a range of changes to its VAT laws to tackle VAT fraud. These include:
Central Asian state follows example of Canada and others in offering less well off VAT refunds rather than untargeted reduced rates or exemptions Uzbekistan has introduced VAT credits on essentials
E-commerce package reforms 2022 revenues up 26% on 2021 numbers; 130,000 e-commerce sellers & marketplaces registered The European Commission as published 2022 revenues for the One Stop-Shop return and Import
European Court of Justice finds (Cabot Plastics) providing ancillary services to toll manufacturing by group company does not trigger VAT Fixed Establishment status The European Court of Justice has today
2023 1-year cut in VAT rate from 17% to 16% largely retained by businesses and not passed to consumer Luxembourg’s national statistics agency, Statec, has concluded that the temporary Luxembourg
Finland to evaluate mandatory real-time e-invoicing Finland is set to review mandating B2B e-invoicing / digital reporting for its taxpayers. This comes as the EU VAT in the Digital Age
Planned cut to state sales tax rate from 5% to 4.875% may be extended to 4.625% The US state of New Mexico is scheduled to reduce its state-level sales tax
Lower VAT rate for recyclates / recycled products The Czech delegation to the EU has proposed permitting extended use of the reduced VAT rates on recycled products. The Czechs believe
As tax authorities shift to live reporting, VAT & GST determination demands automation. Here’s how our VAT Calculator ends the pain and huge investment associated with a tax engine implementations
Dutch tax office will in future alert businesses undertaking intra-EU movement of goods to their obligations to Intrastat reporting Since the start of 2023, Intrastat reporting threshold no longer applies
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