Ministry of Finance grants 3-month soft launch for 1 July mandated e-invoice via SMART INVOICE software The southern African state of Zambia has granted a penalty-free three-month soft launch following
5% import VAT for foreign goods sold online to Taiwan consumers Taiwan has reconfirmed the 5% import Value Added Tax charge on goods bought online and imported to consumers. There
2035 VAT in the Digital Age requires states with existing domestic e-invoicing to harmonise The latest draft of EU VAT in the Digital Age required member states with existing domestic
India’s Union Budget includes Goods and Services Tax rate changes and simplifications India’s Finance Minister, Nirmala Sitharaman, published the 2024 – 25 budget on 25th July. Aside from a range
E-invoicing updates to technical specifications ahead of January 2025 full regime Since May 2024 there has been an ongoing phased requirement for Israeli taxpayers to pre-request a unique invoice Allocation
District of Columbia raises sales tax rate from 6% to 7% by Oct 2026 Washington District of Columbia has proposed a two-stage rise in its current 6% sales tax rate
Harmonised sales tax compliance rules across participating states State sales taxes in the US are under the control of the relevant state, leaving a huge disparity in compliance obligations and
Parliament comments on EC IOSS threshold removal proposal The European Parliament has produced a briefing on the European Commissions proposals for e-commerce import VAT reforms. This includes: Removal of IOSS
European Commission issues evaluation of voucher VAT rules The European Commission (EC) has issued its review of the application of VAT rules on the use of vouchers across the 27
Increase in annual sales threshold from €35,000 to €42,000 Following a May consultation, the 2024 Tax Amendment Act has been gazetted and entered into effect on 20 July 2024. It
B2B e-invoicing 8-day reporting requirement proposal from 1 June 2026 Slovenia has proposed mandating e-invoice reporting for B2B transactions from 1 June 2026. This will regulate the compulsory exchange of
Oct 2024 B2B e-invoicing mandatory launch now missed following voluntary phase April 2024 Draft plans to introduce mandatory B2B e-invoicing in the Gulf state of Oman this autumn now appear
New VAT registration portal for non-resident providers of e-services The Azerbaijan Ministry of Economy State Tax Service introduced Value Added Tax liabilities on providers of B2C digital services to consumers
Behavioural taxes may be too successful to generate EU own resources Constantly looking for ways to generate EU-level ‘own resources’, the European Commission is increasingly exploring behavioural taxes to diversify
Public Consultation on digital platforms responsible for VAT collections for e-commerce goods of their third-party sellers Switzerland’s Federal Tax Administration has launched on 9 July 2024 a public consultation on
200-transaction per annum threshold removed; $100k threshold remains The US state of North Carolina joins most other US states in withdrawing its transaction threshold for non-resident sellers. This had been
Switch from 17% standard rate to 8% reduced rate from January 2025 Luxembourg is to join many EU states by providing works of art with the reduced VAT rate tax
New Council of EU president plays down expectations on quick agreement on ViDA reforms; deep political issue add to likely delays The incoming rotating president of the Council of the
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