How to hack national VAT lotteries Taiwan is having to rethink its VAT receipt prize draw after it become clear tax fraudsters were gaming the system. The fortnightly lottery gives prizes of up to TWD 10million based on the invoice numbers of retail receipts that
Reducing VAT complexity and fraud The Italian Council of Minister has confirmed proposals to simplify the Italian tax regime by Draghi-Franco reforms, including simplifying the use of reduced VAT rates. The aim is to streamline the number of supplies of goods or services which can
The European Union member states have adopted changes to the data sharing rules to facilitate fraud detection around the new IOSS import VAT scheme which was implemented as part of the EU e-commerce VAT package on 1 July 2021. IOSS exempts consignments not exceeding €150
Slovakia and Poland have signed an automatic exchange of VAT data agreement. The agreement will facilitate transfer of transactional-level data to help both countries detect cross-border VAT fraud. Poland already has similar arrangements with German, Czech, Hungary and Lithuania. The agreement will come into effect
