175 countries have implemented VAT or GST – June 2023 Since the first introduction of a Value Added Tax in France in 1954, it has now been adopted by 175 countries around the world. This follows the adoption of VAT / GST this month by
Phased introduction of mandatory e-invoicing from January 2024 Following the passing of a Bill to mandate e-CF e-invoices, the Dominican Republic’s General Directorate of Internal Taxes (Dirección General de Impuestos Internos (DGII) has issued a guidance on the rollout of the new regime. The 2024-26
Ministry of Finance 2023/24 Budget phases in 2024-28 pre-clearance B2B e-invoices to tackle fictitious invoice fraud The Israeli Ministry of Finance is progressing a Continuous Transaction Control (CTC) based electronic invoicing regime. The aim is to tackle the large ‘fictions invoice’ fraud problem, often used by
Update – Tax authorities impose e-invoicing on marketplaces Columbia’s Ministry of Finance and Public Credit has issued a number of modifications to the CUFE e-invoice rules. This includes an obligation for digital platforms to offers an e-invoicing facility to charge their own customers. It also
April 2024 – VAT (Electronic, Internet, and Digital Marketplace Supply) Regulations, 2023, for new simplified VAT registration; registration threshold removed The Revenue Authority updated the 2020 law on compliance VAT rules for providers and marketplaces of digital services. The regulations cover: Digital or electronic services new
2023/24 Budget drops proposals for VAT collections obligations for non-resident service providers from 2024 The Israeli government has reportedly abandoned 2023/24 budget plans to extend Israeli VAT collections obligations to foreign providers and digital platforms for digital or electronic services to consumers. Under the proposals, B2B
Gulf state unclear when to join 4 other Gulf states by introducing 5% The Qatari Prime Minister on 13 April 2023 has said no date has been set yet for the implementation of VAT. Qatar is progressing plans to introduce a 5% VAT regime, but it
