Technical details published for e-invoicing any payment data published; includes requirements for agent ‘dematerialisation platforms’ Decree No. 2022-1299 of 7 October 2022 cover the rules for electronic invoicing in transactions
Washington first state to extend sales taxes to NFT sellers and retailers Washington has become the first US state to bring Non-Fungible Tokens (NFTs) trading within its sales tax regime.
Inflation hits 22.5% in September prompts agreement to lower taxes on domestic heating to 5% The Lithuanian Parliament has agreed to reduce the VAT rate on domestic heating from 21%
More time allowed for 2021-22 input and credit allowances A number of delays have been provided for by the Central Board of Indirect Taxes of India. These are extensions on
First 600 taxpayers on e-VAT; full mandate for all by 2024 The Ghanian Revenue Authority (GRA) has now onboarded 600 taxpayers to e-VAT, its electronic invoicing reporting regime. These are
Proposals to cut indirect taxes on fuels as inflation ticks up Vietnam’s finance ministry has put forward two alternative measures to cut indirect taxes on fuel. These are: Cut VAT
Increases consolidated sales taxes from 6% to 7% ahead of introduction of VAT in 2024 Aruba is to raise its BBO turnover tax 1% to 2.5% from 1 January 2023.
Major global Value Added Tax and Goods and Services Tax changes from 1 October 2022 To get free regular e-mail alerts on global VAT or GST changes, sign-up to our
2023 Budget hike VAT threshold and other measures The Caribbean islands state of Trinidad & Tobago is to increase its Value Added Tax registration threshold. It will increase from TT$500,000
Lack of definition puts uncertainty on UK VAT obligations for traders and marketplaces The UK’s HMRC has yet to confirm the Value Added Tax status of Non-Fungible Tokens (NFT’s), blockchain
Are NFT crypto assets transactions subject to EU digital services VAT rules? Update: the Committee has produced its working paper on EU VAT and NFT’s in March 2023 Non-Fungible
July 2024 to July 2025 B2B invoicing phased rollout; Peppol likely preferred standard Original plans to launch July 2023 likely have been delayed for a second time to start July
Review of 2020 4 Quick Fixes finds room for practical improvements The European Commission’s VAT Forum has produced a review of the 2020 VAT Quick Fix measures. These were introduced to
Evaluation of electronic invoicing implementations with recommendations for global tax administrations; harmonisation not possible The Organisation for Economic Cooperation and Development has issued an initial findings report “Tax Administration 3.0 and
2023 Budget zeroes VAT on newspapers and rolls over temporary cut to gas and electricity Ireland published its 2023 Budget on 27 September 2022. It included a number of VAT
Eurozone energy inflation 38% August 2022 (40% July); temporary VAT subsidies for domestic power, foods and other basics A fast-growing queue of European countries are emerging to cut their already
Large taxpayers must live report sales invoices to tax authorities The Ugandan tax authority URA has introduced mandatory real-time e-invoicing and receipt reporting from 20 June 2022. This applies to
VAT automation products that simplify your international VAT determination, invoicing and reporting