Czech Parliament approves 15% and 10% reduced rates replacement with new 12% rate from Jan 2024 The Czech Parliament has approved the proposed consolidation of reduced VAT rates from 2024. This includes shifting newspapers from 21% standard rate to the new, proposed 12% rate. The
Intrastat – reporting on movement of goods between EU member states – reporting threshold remain unchanged in 2024 Finland kept unchanged its Intrastat reporting thresholds for 2024 as follows Arrivals: remains at €800,000 per annum Dispatches: remains at €800,000 per annum Check EU intrastat thresholds
Mid-term budget lays ground for rise from current 15% The South African Finance Ministry’s mid-term budget indicates a fund gap likely to be filled by a VAT rise in next year’s 2024 budget. Most government departments expect to run out of money by March 2024.
1 Jan 2024: micro businesses mandated in SdI e-invoicing All remaining businesses with a turnover not exceeding €25,000 per annum are included within the SdI e-invoicing obligations from 1 January 2024. Over the past two years, there has been a phased introduction for small businesses.
Parliament’s finance committee questions use of temporary VAT rate cuts as consumer support The European Union Parliament’s Committee on Economic and Monetary Affairs (ECON) has questioned the use of reduced VAT rates in time of crisis to help consumers. This week, it adopted a resolution
2021 estimate of lost EU VAT shows €38bn improvement largely due improved measures Most EU Member States made progress in the enforcement of Value-Added Tax (VAT) compliance in 2021, according to the new 2023 VAT Gap report released by the European Commission today. The annual
Côte d’Ivoire launches simplified VAT compliance regime for non-residents The Directorate General for Taxation for Ivory Coast is to introduce a simplified VAT compliance service for foreign providers of digital services on a B2C and B2B basis. This will come into effect from 9 April
