VAT TV July 2024 news
VAT TV July 2024 news
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Want to join the VAT TV subscription list? Sign-up here. July 2024 VAT & GST news and views
VAT TV – ViDA update and 2025 SME Scheme
VAT TV – ViDA update and 2025 SME Scheme
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VAT TV - latest of VAT in the Digital Age and 2025 SME Special Scheme changes In this latest episode of VAT TV, Fernando Matesanz, MD at Spanish VAT Services, discusses latest developments on VAT in the Digital Age; and 2025 SME Special Scheme VAT
Spain food 0% VAT reverses to 4% by 2025
Spain food 0% VAT reverses to 4% by 2025
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End of inflation spike means 2022 temporary zero-rating to be phased out The Spanish temporary zero-rating of bread, flour, certain types of milk, cheeses, eggs, and fruits, vegetables, legumes, tubers, and cereals is to be phased out as inflation returns from a 10.8% 2022 peak
Greece fixes temporary 13% reduced VAT rate 1st July 2024
Greece fixes temporary 13% reduced VAT rate 1st July 2024
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Taxis and takeaway beverages to remain at 13%; onsite beverages returns to 24% The Greek Ministry of Finance has confirmed that the COVID temporary VAT rate of 13% on taxis and takeaway or delivery non-alcoholic beverages will now be permanent. They were due to return
US sales tax foreign sellers – goods & digital services
US sales tax foreign sellers – goods & digital services
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South Dakota vs Wayfair Supreme Court 2018 – tax obligations on remote sellers and marketplace platforms The US Supreme Court in South Dakota vs Wayfair ruled 21 June 2018 that states may now for the first time impose sales tax obligations on out-of-state or foreign
Switzerland electronic filings requirements 2025
Switzerland electronic filings requirements 2025
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Swiss ePortal FAQs on electronic VAT registration, payments and adjustments from January 2025 The federal cabinet of the Swiss Confederation, the Federal Council, has mandated electronic VAT compliance. This is done via an update to the Swiss VAT ordinances and Art. 65a VAT Act. From
Senegal VAT foreign digital services July 2024
Senegal VAT foreign digital services July 2024
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July 2024: B2C 18% liabilities; reverse charge for B2B transactions Following the 2023 Finance Act, the Ministry of Finance has confirmed the obligations for registration of non-resident providers of digital services to consumer to VAT register from 1 July 2024 (originally April 2024). B2B supplies
Nepal e-invoicing
Nepal e-invoicing
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2024-25 budget promises e-invoicing for all The Nepalese Finance Ministry’s 2024-25 Budget includes initial proposals for electronic invoicing for all businesses. 16th July is the new final wave implementation date for businesses with transaction of Rs 250 million per annum. The regime is controlled by
Polish SAF-T Corporate Income Tax 2025 update
Polish SAF-T Corporate Income Tax 2025 update
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New structures for 2025 JPK_KR accounting reporting for transactional-level reporting for company and income tax The Polish tax authorities have publish new SAF-T CIT logical structures last week. From 1st January 2025, large businesses will be obliged to provide the Polish version of SAF-T –