Increase arrivals threshold to report movements of goods with other EU member states Slovenia has raised the annual reporting thresholds for Intrastat arrivals and dispatches. This covers the movement into and out of Slovenia to other EU countries. The thresholds will change from 2023 as
Music streaming services subject to 1.2% turnover tax Jan 2024 France has imposed a streaming media levy of 1.2% from 1 January 2024. This is down from the proposed 1.75%. The new levy is expected to raise €15 million per annum, allowing for an annual
As global inflation drops, countries return to indirect tax rises Following two years of inflation VAT cuts, jurisdictions around the world are returning to VAT rises. The reverses a trend plotted by the OECD VAT survey, which reflected governments using VAT cuts to prop-up their
Tax reforms to meet IMF loan requirements Ukraine’s Cabinet on 27 December approved a 5% Value Added Tax rate cut from 20% to 15%. The reduction is part of a package of tax reforms agreed with the IMF for loan support following the illegal Russian
Government confirms 2% rise in VAT rate The Caribbean islands state of Antigua and Barnuda has indicated that it may have to increase its Sales Tax (ABST) by 2% to 17%. This would be to fund public employee salaries. In addition to the current standard
AI adopted on more interpretative elements of GST law sparks huge uplift in Show-Cause Notices Indian Goods & Services Tax registered businesses from the shipping, gaming, insurance and airline sectors have been flagging to the Ministry of Finance a sudden rise in Show-Cause Notices (SCN).
1-year inflation standard VAT rate cut ends 1 January 2024 Luxembourg’s 1% temporary VAT cut for 2023 ends from 1 January 2024. The 2024 rate will be: Standard rate: 17% (up from 16%) Intermediate Reduced rate: 14% (up from 13%) on certain financial services; Reduced
Inland Revenue investigating direct VAT payments to combat fraud Sri Lanka’s tax authority, the Inland Revenue Department, has confirmed to the Committee on Pubic Accounts that it is considering enforcing split VAT payments. This would require consumer payments for taxable transactions to pay the VAT
B2B Computer chips, mobile phones, laptops and precious metals put under Article 199 may provision Luxembourg is to adopt the VAT reverse charge on the small of a range of small, high-valued goods prone to VAT fraud. The option under Article 194 of the VAT
Further 3% rise in standard rate following 2022 increase to 15% Sri Lanka’s cabinet has approved a 3% VAT rise from 15% to 18%. This will come into effect from 1 January 2024. This increase is to help ensure government reaches revenue targets and secures
