Periodic listings of VAT sales and purchases to support VAT returns in fight against fraud Whilst the EU VAT Gap has started to reduce, tax authorities are anxious to speed-up the collections of missing VAT – both via errors and fraud. For over a decade, they have
Non-resident e-services VAT obligations Mozambique implemented Value Added Tax on non-resident providers of digital services in 2017. This followed the OECD model, requiring VAT to be charged and collected in the country of resident of the consumer. B2B services are treated as nil-rated by the foreign
VAT (Electronic, Internet, and Digital Marketplace Supply) simplified VAT registration; registration threshold removed The Revenue Authority updated the 2020 law on compliance VAT rules for providers and marketplaces of digital services. The regulations cover: Digital or electronic services new definitions as in scope for VAT
0.5% effective WHT by platform operators on sellers of goods or digital services The Philippines Bureau of Revenue has delayed by 90 days the imposition of a 1% Withholding Tax on 50% of income (0.5% effective rate) on income paid to non-resident sellers by “E-marketplace
Changes to country of taxation travel, culture, sport and other events From 1 January 2025, the place of supply VAT rules in Switzerland are changing for a number of cross-border supplies. For services, the ‘general rule’ in Switzerland is that VAT is due in the
VAT and excise law still interpretated in line with EU VAT law HMRC has confirmed that UK VAT and excise legislation should continue to be interrupted as EU law three years after Brexit (UK left the EU VAT union on 1 January 2021). But the
New 2025 schema for SAF-T eVAT returns Norway is to update its schema to version 1.3 from 2025 for its version of the OECD’s Standard Audit File for Tax (SAF-T). This includes v1.3 SAF-T Financial. Norway replaced its bi-monthly Value Added Tax return with SAF-T
E-invoicing System EIS Jan 2024 launch now on hold The Philippines Bureau of Internal Revenue (BIR) launched 1 July 2022 mandatory VAT e-invoicing for around 100 large taxpayers based on the Tax Reform for Acceleration and Inclusion Act (TRAIN) Act. The plans for a large-scale
Global VAT & GST adopted in 175 countries Value Added Tax turns 70 today, 10th April 2024. It was introduced in France VAT to a limited number of businesses and supplier as part of a fiscal reform to simplify its jumbled fiscal regime. It was
SIFEN e-invoicing small company mandate April to Aug 2024 Paraguay has confirmed 1 April 2024 as the start for small businesses to adopt the SIFEN National Integrated Electronic Invoicing System – based on its e-Kuatia platform for small businesses. The tax authorities have named over 1,000 taxpayers affected
