No compromise on Energy Taxation Directive before year end The Hungarian presidency of the Council of the EU believes it will no longer be able to find significant compromises this year on for the reforms of the Energy Taxation Directive (ETD). EU Finance Ministers are
Preparations to replace GST with 18% VAT January 2026 The Liberian Ministry of Finance has refreshed a plan to introduce a Value Added Tax regime, replacing the existing 10% sales tax, GST. GST is currently levied as a charge on most supplies of goods and
New rules for foreign VAT registered businesses from 1 January 2025 Effective 1 January 2025, significant amendments to the Czech VAT Act will impact foreign entities registered for VAT within the country. Although the legislation is pending final approval, it is widely expected to pass
Early 2025 member states freed to mandate e-invoicing without Commission approval; obligation for customer to agree to e-invoicing upon ViDA approval In order to facilitate the rapid adoption of e-invoicing, the European Commission has proposed to reform the legal hurdles (Articles 218 and 232, EU
BIR published draft regulations for Jun 2025 VAT on non-resident digital service B2C providers & platforms The Bureau of Internal Revenue (BIR) has published draft regulations for the imposition of 12% VAT on foreign digital services providers (DSPs) to consumers . This follows the October
Proposal to make online retailer platforms liable to 2.7% turnover tax Hungary is proposing to update its tax laws to make online platform goods revenues liable to the 2020 retail sales tax. If adopted, the new rules would come into effect on 1 January 2025.
July 2030: ViDA Pillar 1, Intra-community EU Digital Reporting Requirement & e-invoicing Work progresses for July 2030 launch; existing real-time reporting regime harmonisation to EU standards by Jan 2035 As part of the EU ViDA reforms, EU Finance Ministers gave political agreement to Pillar 1,
HMRC generative Artificial Intelligence chatbot Beta with help on VAT and other tax questions The UK tax authorities, HMRC, are advancing its generative AI chatbot, GOV.UK Chat, to support users in accessing information on business rules and support, including taxation. Initially tested by 1,000 users,
Annual guidance from Ministry of Finance on technical Value Added Tax issues The Federal Ministry of Finance has published the annual VAT book, this one covering 2023. There is a separate Finance Ministry 2024/25 VAT Issues publication of the most important VAT regulations and regulations Topics
