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vendor consolidated report ends 15th June 2022 The Greek annual statement of supplier and customer invoices is to be withdrawn this year.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.
59% fuel inflation prompts reduction in VAT calculation Luxembourg enacted a cut in diesel fuel from 16 May 2022 until the end of the year. For certain uses, agricultural and
One-year delay on seller and gig worker income reporting from marketplace operators The UK’s HMRC has delay from January 2023 to January 2024 new transaction reporting for digital marketplace operators
April Goods and Services central filings delayed due to technology issues The Indian Central Board of Indirect Taxes and Customs has delayed the deadlines on returns and payments as follows:
EU latest legal action against UK on failure to fully implement Northern Ireland Protocol: Import One-Stop-Shop e-commerce VAT return; customs checks of goods between NI and GB; and excise measures
New distance selling single VAT filing figures highlight initial success The EU Directorate-General for Taxation confirmed new and updated revenues from the EU e-commerce package reforms introduced from 1 July
NFT classified as digital service and liable to 21% VAT Agencia Estatal de Administración Tributaria, AEAT, has ruled that the supply of Non-fungible token is to be regarded as the supply of
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