Harmonising import VAT refunds on IOSS and Special Arrangements following 2021 EU e-commerce package Following the introduction of the new import VAT rules in the July 2021 e-commerce VAT package,
Electronic invoices test sandbox for testing prior to Jan 2023 full integration Businesses may now test the FATOORAH e-invoice system in a sandbox environment ahead of full mandatory obligation to
Debt and inflation woes push reversal of 2019 VAT cuts The Sri Lankan government on 31 May announced with immediate effect a rise in the standard VAT rate from 8%
Commission explores remedies for abuse of Import One Stop-Shop numbers to avoid import VAT payments The European Commission is looking at a number of ideas to stop the potential misuse
Poland joins 18 other EU member states with VAT group simplification option Poland is likely to delay further the VAT simplifications for related companies, or ‘VAT Groups’. The rules were
VAT compliance and reporting rules in Austria Below is summary of the major rules provided under Austrian VAT rules (Mervärdesskattelagen 1994, VAT Act; Regulations and guidelines from the Ministry of
2024 B2B invoicing launch likely; Peppol likely preferred standard Original plans to launch July 2023 likely to be shifted to Jan 2024 or later as key decisions and planning remain.
4,000 business join list mandated to use electronic invoices from 1 October 2022 Following the first wave of 171 large (GRACO) and main (PRICO) taxpayers joining the new Sistema De
Annual customer and vendor consolidated report ends 15th June 2022 The Greek annual statement of supplier and customer invoices is to be withdrawn this year. The last year, covering 2021,
Fast rising inflation prompts rollover of VAT cut for domestic energy Cypriot annual inflation hit 8.6% in April 2022, up from 7.1% in March. This is the highest rate in
New Zealand’s Inland Revenue Department introduced its 15% Goods and Services Tax on digital or electronic services provided by non-residents to consumers from 1 October 2016. There is a GST
Eurozone energy inflation 38% April 2022; temporary VAT subsidies for domestic power, foods and other basics A fast-growing queue of European countries are emerging to cut their already reduced VAT
Latest country to impose tax on foreign streamers to support local TV production Denmark is joining Switzerland, Portugal and Spain with a 6%turnover tax on non-resident providers of streaming TV
Tax office seeks tax information from platforms, banks and others to tighten VAT collections Vietnam’s General Department of Taxation (GDT) has issued guidance for local tax offices to co-opt various
PDF invoices continue to be recognised until 31 December 2022 The Portuguese tax office has further delayed the requirement to adopt e-invoice format under order 49/2022-XXII on 24 May 2022.
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