US New Mexico sales tax cut July 2023
US New Mexico sales tax cut July 2023
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Planned cut to state sales tax rate from 5% to 4.875% may be extended to 4.625% The US state of New Mexico is scheduled to reduce its state-level sales tax rate from 5% to 4.875% from 1 July 2023. However, Gov. Michelle Lujan Grisham has
Kyrgyzstan ETTN e-invoicing May 2023
Kyrgyzstan ETTN e-invoicing May 2023
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ETTN portal extending to all live reporting of electronic invoices The State Tax Service of the Central Asian state of Kyrgyzstan has confirmed that all businesses will have to adopted the Electronic Invoice Note system (ETTN) from May 2023. It has already been in place
EU considers boost to circular economy with reduced VAT rates
EU considers boost to circular economy with reduced VAT rates
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Lower VAT rate for recyclates / recycled products The Czech delegation to the EU has proposed permitting extended use of the reduced VAT rates on recycled products. The Czechs believe that the introduction of a reduced VAT rate for products with recycled content would stimulate
Netherlands ends Intrastat reporting threshold 2023
Netherlands ends Intrastat reporting threshold 2023
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Dutch tax office will in future alert businesses undertaking intra-EU movement of goods to their obligations to Intrastat reporting Since the start of 2023, Intrastat reporting threshold no longer applies in the Netherlands. Instead Centraal Bureau voor de Statistiek (the customs authorities – ‘CBS’)will contact
Tourist organisations question EU VAT in the Digital Age 2025 reforms
Tourist organisations question EU VAT in the Digital Age 2025 reforms
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Travel operator, passenger transport and accommodation platform associations question need for full VAT deemed supplier obligations Several travel and related platform trade associations have raised doubts about proposed deemed supplier obligations in the Platform Economy pillar of the VAT in the Digital Age reforms. The
US Louisiana withdraws marketplace sales tax threshold
US Louisiana withdraws marketplace sales tax threshold
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Remote facilitating marketplaces will have to immediately register for sales tax for their out-of-state sellers 1 August 2023 Louisiana is to withdraw the threshold for e-commerce out-of-state marketplaces facilitating the sales of sellers. Above this threshold, and the facilitating marketplace must register with the state
Global VAT changes June 2023
Global VAT changes June 2023
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Major global Value Added Tax & Goods and Services Tax changes from 1 June 2023 Sign-up to our free VAT newsletter Or check global VAT rates in over 300 jurisdictions here Future global VAT / GST changes Date Country VAT / GST changes (click for details)
EU DG Taxation & Customs Union VAT and related reforms 2023
EU DG Taxation & Customs Union VAT and related reforms 2023
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EU’s Directorate-General Taxation and Customs (DG TAXUD) has summarised its top reforms and ongoing work around the EU’s VAT regime, customs and related areas in its Management Plan 2023 Key issues DG TAXUD is looking to progress includes: Agreement of the 3-pillars of EU VAT in
São Tomé and Príncipe implements 15% VAT June 2023
São Tomé and Príncipe implements 15% VAT June 2023
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Sales tax replaced by 15% VAT 1st June 2023 The African island state of São Tomé and Príncipe has implemented a Value Added Tax regime on 1 June 2023. The VAT rates are: 15% standard rate 7.5% on beans, bread, corn, pasta, rice 0% exports