2025 Finance Bill includes hike from 13% to 19% for goods The Tunisia government has issued its Finance Bill for 2025 which includes the following reclassifications to VAT rates. Presently, the standard rate is 19%, with a 13% reduced and 7% super reduced rate. Some
Turkey joins the movement to deploy AI machine learning to take on VAT and tax fraud Turkey is set to leverage artificial intelligence (AI) in its efforts to combat tax evasion, following in the footsteps of countries like Greece and the Austria. The Treasury and
EU use of VAT to promote green policy Objectives and sustainability New energies are being devoted to the use of VAT as a tool to promote environmental sustainability and support its ambitious green policy agenda. The European Commission’s VAT Expert Group (VEG) is expected to
Largest taxpayers must now annually detail unresolved GST maters; control issues; risks; and errors The Australian Taxation Office (ATO) is looking to strengthen GST compliance at the largest taxpayers with the introduction of a new annual GST return. It requires disclosures and reporting reconciliations on
Norway and the EU are intensifying their cooperation to combat VAT fraud and claims recovery The EU and Norway have signed an updated agreement on administrative cooperation in the field of VAT The most recent agreement, an update from the 2018 original agreement, updates the
Annual comparative review of countries’ tax of goods and services Included within the OECD’s annual Tax Policy Reforms: OECD and Selected Partner Economies are an analysis of VAT and GST strategies of 90 countries which are part of the OECD and G20’s BEPS reform programme.
Tourism VAT cut prolonged again for further six months till 30 April 2025 Uruguay has extended for the third time its reduced Value Added Tax rate for tourism services as the economic effects of the coronavirus continue. VAT on hospitality services is normally 22%. This
VAT Gap cut from €6 billion to €3 billion with myDATA reporting, POS reporting and e-payments Greece is turning into the new poster child of anit-VAT fraud policies. Its Prime Minister, Kyriakos Mitsotakis, has been claiming significant progress Greece has made in reducing VAT fraud through
Bill to cut key supplies to 5% rate whilst 2025 standard rate rise to 24% still being considered A new Estonian bill in its parliament is proposing the following reclassifications of taxable reduced rates with the following supplies moving to the reduced 5% rate. restaurant
