18th edition of VAT handbook covering compliance and tax authorities practices The Norwegian tax administration, Skattetaten, has updated its VAT compliance guide book for 2022. In addition to covering all issues of VAT compliance, it includes many of the administrations own internal procedures. This 18th
Standard format of Belgian VAT number updated The Banque-Carrefour des Entreprises, a database for public records, is to change the format for Belgian VAT numbers. The current structure starts with “0” and has nine further numbers to provide a unique VAT registration number for taxpayers.
Mandatory real-time invoice reporting on digital goods and services The West African state of Côte d’Ivoire introduced electronic invoicing in 2019. This is a digital signature pre-clearance regime established by the Direction Générale des Impôts – DGI. Sign-up for our free VAT newsletter for global updates Invoices
Mandatory B2B and B2C electronic invoicing – Electronic Billings Systems (EBM) The Rwanda Revenue Authority requires since 2021 most invoices to be registered with it in live format. This applies not non-VAT registered traders, too. The accepted EBM’s to register invoices include: Sales Data Controller –
Major global Value Added Tax and Goods and Services Tax changes from 1 September 2022 To get free regular e-mail alerts on global VAT or GST changes, sign-up to our newsletter Or check global VAT rates in over 300 jurisdictions here
Electronic invoicing for all taxpayers since 2021 The Direction Générale des Impôts requires all taxpayers to use the Le Système électronique certifié de invoicing (SECeF) since 2021. E-invoicing is administered by the DGI – Direction Générale des Impôts -DGI. Reporting invoices is done via a
VAT launch rate likely to be lowered to 10% from 15% on inflation fears The South American state of Suriname’s National Assembly is now reviewing a Bill to introduce VAT on 1 January 2023 at 10%. The plans were last scheduled for June 2022 at 12%,
Temporary VAT cut to 9.5% bill on domestic energy and electricity Slovenia’s National Assembly has confirmed a VAT rate cut on gas bills from the standard VAT rate 22% to the reduced rate of 9.5%. The temporary reduction will be in place between 1 September
Inflation spike hits 22%; prompts bill to lower taxes on domestic heating to 5% The Lithuanian Parliament has returned to a February proposal to reduce the VAT rate on domestic heating from 21% to 5%. This would be imposed on natural gas and liquefied petroleum
Global inflation concerns pushes introduction of VAT back further year; 1% turnover tax rise in meantime The Dutch Caribbean dependency has delayed the introduction of VAT a further year to 1 January 2024. The latest postponement was announced based on global inflation worries and the
