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
Portugal to joins 19 other EU member states with VAT group simplification option January 2025 Portugal is to introduce the option for related taxpayers to join under a single VAT
3% DST will be collected if no agreement on OECD tax reforms Canada has given royal assent on 20th June 2024 and order in council on 28 June to legislation
January 2025: annual sales threshold for mandatory VAT registration increases from €35,000 to €50,000 Luxembourg has proposed increasing the annual threshold for Value Added Tax registration in January 2025 from
Overview of the EU-backed standard for structure electronic invoices Standard EN6931 was adopted by CEN (European Committee for Standardisation) on April 17, 2017. It is already adopted for B2G e-invoicing
Annual sales threshold for mandatory VAT registration revised France is updating the compulsory VAT registration threshold. This is a process undertaken every three years. The thresholds are as follows: 2025:
End of inflation spike means 2022 temporary zero-rating to be phased out The Spanish temporary zero-rating of bread, flour, certain types of milk, cheeses, eggs, and fruits, vegetables, legumes, tubers,
e-facturation Finance Law to introduce centralised e-invoicing platform The East African island state of Madagascar is set to become the latest country to mandate the use of centralised e-invoicing. The
Jul – Dec 2024: B2C Sellers to charge 7% VAT in checkout on low-value consignments of goods imported to consumers Thailand is to impose VAT on low-value consignments of goods
Central Committee reconsiders VAT base and rates at Third Plenum as property taxes fall China’s rulers are set for their third plenum in the current 5-year political planning cycle next
2025 E-invoicing extension consultation launched The Moldavian Ministry of Finance has launched a public consultation of its proposed extension of e-invoicing (e-factura) regime to further public-related bodies. It is proposed
Taxis and takeaway beverages to remain at 13%; onsite beverages returns to 24% The Greek Ministry of Finance has confirmed that the COVID temporary VAT rate of 13% on taxis
EU VAT Expert Group revisits Import One Stop-Shop reforms The European Commission’s VAT Expert Group (VEG) has been reviewing improvements to the July 2021-introduced Import One Stop-Shop (IOSS) regime. This
South Dakota vs Wayfair Supreme Court 2018 – tax obligations on remote sellers and marketplace platforms The US Supreme Court in South Dakota vs Wayfair ruled 21 June 2018 that
B2B and B2C requirements being phased in The Pakistan Federal Board of Revenue is introducing a mix of centralised e-invoicing and fiscal systems or registers for B2B and B2C invoicing,
Swiss ePortal FAQs on electronic VAT registration, payments and adjustments from January 2025 The federal cabinet of the Swiss Confederation, the Federal Council, has mandated electronic VAT compliance. This is
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