Further extension of COVID-related VAT subsidy for hotel and restaurant services Moldova has extended for the sixth time its application of the reduced 6% VAT rate on hotel and restaurant services until 1 December. It was previously at the 12% reduced rate. Reduced rate first
Strengthening e-commerce powers to tackle evasion; no new e-invoicing timetable In this week’s 2024 Finance Bill, there are a number of upgrades of powers and rules for the tax office (DGFIP) to tackle fraud. This follows the plan to combat public finance fraud announced by
VAT imposed on renters of three or more properties 2024; hike in ‘stayover tax’ Greece is to automatically apply VAT on sharing economy home renting where the provider offers three or more properties. The VAT rate on accommodation in Greece is currently 13%. This is
New quarterly reporting of cash and receivables from Nov 2023 Bulgaria’s 2023 Budget has imposed a new quarterly report for all VAT registered businesses to declare cash holdings and certain receivables. The submissions must be made by the end of the month following the reporting
New guidance on VAT liabilities for crowdfunding, including peer-to-peer loans The Finnish tax authority has issued new tax guidance including the VAT issues for contributors to crowd-funding projects. Scope of the new guidance The taxation issues of crowdfunding are examined exclusively from the point of
As part of major investment and structural reforms, range of VAT measures now being review in German parliament Germany has launched a major set of investment and innovation bill which includes a set of tax reforms. Having been approved at the end of last month
Basic foods VAT cut from 7% to zero extended by three months till end of the year The Portuguese government has extended the temporary cut in VAT on basic foods for a further three months until 31st December 2023. This covers a list of 46
