Changes for annual threshold for reporting intra-community movements of goods Poland is updating the Intrastat goods arrivals and dispatches reporting threshold from 1 January 2025. The changes will be: Arrivals: will change from PLN 6.2 million to PLN 6.0 million Detailed reporting for arrivals rises:
Risk of missing trader VAT fraud in natural gas wholesale markets prompts zero-rating 1 January 2025 Hungary has become the latest country to introduce the VAT reverse charge on domestic gas trading transactions. This removes the VAT cash payment on wholesale deals which are subject
Foreign sellers and intermediary digital platforms subject to new rules and rates 1st April 2025 The Vietnamese National Assembly has approved clarifications on non-resident VAT-registered business obligations, VAT rates, and improved deductibility for VAT credits. The changes, to come into effect from 1 April 2025,
VAT Filer – automated VAT returns preparation in 20 African countries We are now extending our VAT Filer submissions product to cover some 20 countries in Africa. This means customers can benefit from our express implementation service to reach jurisdictions generally overlooked by traditional VAT
Proposed rise on annual sales threshold for mandatory VAT registration The Belgian Vlaams Belang party has put forward a bill to increase in the Value Added Tax registration threshold. The rise for 2025 would lift the threshold above which entrepreneurs would have to first VAT
Parliament votes to withdraw VND 1m VAT-exemption on B2C imports The Vietnamese parliament, the National Assembly, on 26 November 2024 voted to end its VND 1million (approx €36 or $40) low value consignment relief. This exempts from VAT parcels imported from Vietnam destined for consumers.
Voluntary digital e-invoicing (e-fapiao) goes statewide Dec 2024 on Leqi platform Following the completion of the phased pilot of the Chinese digital e-fapiao programme, the State Taxation Administration (STS) has confirmed on November 24 2024 the full statewide operation from 1 December. This places e-invoices
SII publishes new B2C compliance requirements for foreign digital service providers The Chilean tax office, Servicio de Impuestos Internos (SII) has published new details on VAT registration and compliance requirement for non-resident providers of electronic or digital requirements to local consumers. SII is providing a
2024-25 SFE B2B and B2C electronic invoicing launch plans Bolivia’s National Tax Service’s (SIN) has provided on 25 October 2024 a schedule for the latest waves of business obliged to join the VAT e-invoicing Sistema De Facturacion Electronica (SFE) regime. This included a delay for the
Federal Council (Bundesrat) approved VAT changes as part of Annual Tax Act The German Bundesrat has approved the Ministry of Finance’s Jahressteuergesetz 2024 (Annual Tax Act) on 22 November 2024. The Bill will shortly be gazetted and largely comes into effect from 1 January 2025.
