FIRS to implement B2B and B2C e-invoicing platform to double VAT revenues The Nigerian tax authority, Federal Inland Revenue Service (FIRS) has reconfirmed its intention to introduce mandatory e-invoicing. This
HMRC publishes good practice in relation to VAT accounting and compliance processes The UK’s HMRC has published on 18 September 2024 a wide ranging Guidelines for Compliance (GfC) set of
Confirmed: military emergency VAT rise following Jan 2024 2% increase Estonia’s government has confirmed a July-announced temporary VAT increase. The rate will rise from 22% to 24% from 1 July
Oct 2024 VAT rise postponed again; Oct 2025 potential next date The Thai cabinet on 17 September 2024 confirmed that the scheduled rise in VAT from 7% to 10% will
Legislature mandatory e-invoicing completes El Salvador’s rollout of mandatory e-invoicing completed on 1 July 2024 following a phased launch from 2022. Salvadoran electronic invoicing (Electronic Tax Documents (DTE)) covers: invoices;
Federal Government: Jan 2025 obligations may be covered by dedicated e-mail box for suppliers’ structured electronic invoices The first phase of German e-invoicing mandate starts on 1 January 2025. All
Goods and Services Tax evasion balloons despite success of e-invoicing In the fiscal year 2023-24, Goods and Services Tax (GST) evasion in India escalated significantly, reaching a staggering ₹2.01 lakh
Ending low-value consignment VAT and duties exemption Proposals to lower the current €150 threshold exemption for import duties and VAT have been modified according to the Chairman of the Committee
France’s DGFiP estimate of missing VAT revenues at €6bn to €10bn per annum The Direction générale des Finances publiques tax authorities has published an in-depth study on the loss of
Foreign providers selling digital services B2C must withhold general sales tax Peru is the latest country to join the taxing offshore digital services trend. From 1 December 2024 (delayed from
EU Court of Justice rules Polands split payment fraud regime is proportionate to compact VAT fraud In 2019, Poland introduced a split payment bank account requirement in sensitive fraud-prone sectors.
NSW Supreme Court rules Uber platform mere collection agent; GST obligations unclear The Supreme Court of New South Wales in Australia has ruled ride-sharing drivers are independent, and not employees,
IMF backs 2% VAT rise to meet Russian invasion costs A mission from the International Monetary Fund has joined the debate on a rise in Ukrainian standard VAT rate from
Foreign providers liable to register and collect VAT on electronic services The Pacific Ocean island country of Republic of Kiribati imposes 12.5% Value Added Tax collection obligations on non-resident providers
VAT rate updates; domestic reverse charge on power; Excise changes A new draft law UD125 introduces amendments to various acts, primarily focusing on the Tax on Value Added Tax (VAT
Machine learning to spot likely VAT evasion across multiple data sources Tax authorities adopting AI has been underway for several years. But what about the UK? For over a decade,
Phase 2 of E-VAT rollout to commence for over 2,000 taxpayers The Ghanian Revenue Authority (GRA) is launching this month its second phase of e-invoicing regime, ‘E-VAT’. Phase 1, for
Launch of VAT e-invoicing and fiscal devices 2024 The central African state of the Democratic Republic of Congo (formerly Zaire) has launched the first phase mandatory VAT e-invoicing and fiscal
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