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
Cut from 13.5% to 9% ended after 3 extensions following COVID and inflation crises After almost three years since the COVID crisis, Ireland has returned its hospitality, hotels and tourism VAT rate to 13%. It was originally cut to 9% in November 2020. The temporary
Council of State finds VAT exemption conditions incompatible with EU VAT Directive Short term home sharers on platforms such as Airbnb are likely to face tighter rules on their VAT liability. Currently, they are exempted from VAT if the provider less than three of the
Reduction from 20% standard rate to 8% from 1 January 2024 The Moldovan Ministry of Finance’s proposal to reclassify hotel accommodation and restaurant services from the 20% standard rate to the reduced rate of 8%. This will come into effect from 1 January 2024. The
