VAT compliance and reporting rules in France Below is summary of the major rules provided under French VAT rules (Code Général des Impôt – CGI – the French Tax Code. Livre des Procédures Fiscales (Fiscal Procedures Code)), plus adoption of EU VAT Directive provisions. Check
Recategorisation of supplies to higher VAT rates from 1 January 2025 Finland’s new government announced planned reclassifications of many reduced rate supplies to raise taxes. This is part of the Ministry of Finance’s 2024 budget proposal, and will come into effect on 1 January 2025.
2023 VAT on food 5% applied from 1 January A law cutting the VAT rate on basic foods from the standard 14% to the reduced rate 5%. The is applied retrospectively from 1 January 2023. Affected supplies include: eggs, edible vegetables, fruit, tea, cereals, maize
VAT and customs duties due on all B2C imported consignments 1 January 2024 From 1 January 2024, Norwegian VAT and customs duties is payable on all B2C import consignments. This ends the NOK 350 (approx. €31) exemption threshold which was introduced on 1 April 2020.
Option for import VAT payment postponement 1 January 2024 Bulgaria is the latest EU member state to offer taxpayers the option to bypass the obligation to pay import VAT at the point of clearing goods into the country. Instead, they can make the payment by
Non-residents liable to register and collect VAT on e-services The North Macedonian Ministry of Finance has imposed Value Added Tax on digital and telecommunications services provided by non-resident providers from 1 January 2024. This includes the appointment of fiscal representative. The imposition of VAT on
New Guide and FAQs for delayed imposition of Sales Tax and duties on B2C low value goods goes ahead 1 January 2024 Reforms to sales tax on small value packages have now been confirmed for 1 January 2024. The Royal Malaysian Customs Department has last
Increase to €800,000 annual threshold for cash-based VAT scheme Germany is raising the sales threshold for small businesses to join the cash-based VAT scheme. This offers eligible tax payers to only settle VAT due based on actual income received as opposed to that invoiced –
