EU use of VAT to promote green policy Objectives and sustainability New energies are being devoted to the use of VAT as a tool to promote environmental sustainability and support
Largest taxpayers must now annually detail unresolved GST maters; control issues; risks; and errors The Australian Taxation Office (ATO) is looking to strengthen GST compliance at the largest taxpayers with
MyInvois B2B and B2C e-invoicing v4.0 guidelines issued On 3 October 2024, the Malaysia Revenue Board (LHDN) issued Version 4.0 of its e-invoice Guidelines. On 1 August 2024, Malaysia’s mandatory
Norway and the EU are intensifying their cooperation to combat VAT fraud and claims recovery The EU and Norway have signed an updated agreement on administrative cooperation in the field
Increase on annual sales threshold for mandatory VAT registration in 2025 budget In the 2025 Budget, released on 1 October 2024, Ireland is proposing to increase the existing VAT registration
‘Shall Allow’ option for non-residents to use B2B reverse charge; currently member states control the option to implement as ‘may’ provision under Article 194 The now agreed VAT in the
Annual comparative review of countries’ tax of goods and services Included within the OECD’s annual Tax Policy Reforms: OECD and Selected Partner Economies are an analysis of VAT and GST
Temporary domestic gas and electricity cut from 13.5% to 9% until 30 Apr 2025 Ireland has again extending the reduced 9% VAT rate on domestic gas and electricity. This latest
Technical specification issues delay Crea y Crece e-invoicing to at least 2027 or later Doubt on technical specifications being ready soon for the proposed Spanish B2B e-invoicing mandate means the
What do the countries resisting the fashion for pre-clearance VAT e-invoicing know What do the countries resisting the fashion for pre-clearance VAT e-invoicing know? Why are they looking at alternatives?
Thai extends VAT exemption Thailand has extended the VAT exemption of cryptocurrencies such as Bitcoin. The new Royal Decree 788 came into force on 25 September 2024. It extends VAT
Tourism VAT cut prolonged again for further six months till 30 April 2025 Uruguay has extended for the third time its reduced Value Added Tax rate for tourism services as
Foreign providers liable to register and collect VAT on B2C electronic services The East African state of Federal Democratic Republic of Ethiopia extended VAT collection obligations to non-resident providers of
Calls for major reforms: Rate rationalisation; dispute resolution; input tax credits India’s Goods and Services Tax is up for reform.GST was implemented in July 2017, and gave the country’s internal
VAT Gap cut from €6 billion to €3 billion with myDATA reporting, POS reporting and e-payments Greece is turning into the new poster child of anit-VAT fraud policies. Its Prime
Special scheme for small businesses; new fixed asset and stocks reporting; place of supply live streaming events On 18 September 2024, the Bulgarian Ministry of Finance (MOF) published a proposal
Bill to cut key supplies to 5% rate whilst 2025 standard rate rise to 24% still being considered A new Estonian bill in its parliament is proposing the following reclassifications
Ministry of Finance may relax January 2025 corporate income tax mandate Poland’s JPK_CIT (Jednolity Plik Kontrolny dla CIT) is a mandatory electronic reporting requirement for corporate income tax (CIT) purposes.
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