Delays in agreement on OECD Pillar 1 global tax reallocation rights prompts Nigeria to act unilaterally Nigeria has become one of the few countries to comply with the OECD 137-country
EU member states adopting harmonised tax data requests for marketplaces; efficient exchange of data between tax authorities – first reports due 2024 for transactions in 2023 Adoption of Directive on
US doubts on ratifying OECD Pillar 1 agreement for 2023 means unilateral DST’s to make a comeback? The ambitious October 2021 OECD inclusive framework on base erosion and profit shifting
Major global Value Added Tax and Goods and Services Tax changes from 1 August 2022 To get free regular e-mail news alerts on global VAT or GST changes, sign-up to
Small businesses must adopt government Simples Nacional e-invoicing from 1 January 2023 Micro businesses using the consolidated tax Simples Nacional regime must use centralised portal (CGSN Resolution No. 169 of
Clarification of VAT treatment for NFT compared to cryptocurrencies The Belgian Federal Public Services has clarified VAT and accounting rules for Non-Fungible Tokens (NFTs). It is the latest tax office
Further drop in annual sales threshold for India GST payers to adopt electronic invoicing The government has approved a new cut in the annual sales threshold to ₹10 crore (approx.$120
Compulsory reporting of e-invoices to government Thailand now requires taxpayers to submit electronic invoices to the government. The use of e-invoices is not compulsory; but since 2017 when adopted by
VAT on foreign providers of digital services to consumers The Nepalese Ministry of Finance has confirmed that non-resident providers of digital or electronic, broadcast and telephony services must register for
Inflation hits 12.7% prompting temporary reversal of 2021 VAT rise Botswana is to cut VAT from 14% to 12% from 1 August until 31 January 2023. Botswana raised VAT to
European Commission publishes consultants’ report on impact of options for: Single VAT Registration; Digital Reporting Requirements; and VAT Treatment of Platform Economy As part of the completion of the EU
Starting 1 September 2022 automatic VAT liability assessments for non-UK online sellers where inaccurate returns HMRC is to start imposing automated VAT assessments on non-resident online sellers where their VAT
List of VAT compliance foreign providers of digital services grows to 155 The Mexican Servicio de Administración Tributaria, SAT tax authorities has published an extended list of non-resident digital or
Temporary VAT cut to 9.5% bill on domestic energy and digital newspapers Slovenia has confirmed a VAT rate cut on gas bills from 22% to 9.5%. This comes as inflation
July 8% inflation prompts proposals to cut VAT rate on range of foods As inflation hit a 36-year high in July at 8% (June 6.8%), the government is considering a
Two-step sales tax (gross receipts tax) rate reduction with growing dependency of energy taxes The US state of New Mexico has reduced its sales tax (termed gross receipts tax) rate
Threshold on electronic reporting of e-invoices cut to KRW 100m from 1 July 2023 South Korea’s near real-time e-invoicing regime will be made mandatory for a larger group of companies
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