SARS considers e-invoicing / digital VAT transaction reporting with pre-filled returns The South African Revenue Service (SARS) is expected to shortly conclude on its plans to implement e-invoicing and digital
Global switch to indirect tax set for boost from Artificial Intelligence propensity to thrive on big, defined data models The 30 year+ trend of adopting VAT, GST and other indirect
July 2024: B2C 18% liabilities; reverse charge for B2B transactions Following the 2023 Finance Act, the Ministry of Finance has confirmed the obligations for registration of non-resident providers of digital
Switch from 19% standard to 7% reduced VAT rates January 2025 The Value Added Tax rate on the sales of art work in German will fall from 19% to 7%
Questions to Ombudsman and Tax Authority regarding data security, personal GDPR data privacy and commercial sensitivity The Polish mandatory National e-Invoice System (KSeF) set to be implemented from 1 February
Federal government proposal to hike VAT from 7.5% to 10% will be phased The proposed 2.5% VAT increase in Nigeria is likely to be phased in according to the Presidential
GTT sales tax once UK-EU treaty completed The Mediterranean UK overseas territory of Gibraltar is likely to introduce a turnover tax once the UK and EU have agreed a post-Brexit
Update: Shadow Chancellor has denied plans to raise VAT if Labour wins upcoming election Following acquisitions last night from the governing Tory party of a VAT rise plan, the opposition
2024-25 budget promises e-invoicing for all The Nepalese Finance Ministry’s 2024-25 Budget includes initial proposals for electronic invoicing for all businesses. 16th July is the new final wave implementation date
New structures for 2025 JPK_KR accounting reporting for transactional-level reporting for company and income tax The Polish tax authorities have publish new SAF-T CIT logical structures last week. From 1st
Kenya to fall into line with $250 billion OECD global tax reforms – unlocks US free trade deal Kenya has brought forward in the draft Tax Laws (Amendment) Bill 2024
Rise in VAT registration threshold to €62,500 1 July 2024 The Slovakia has gazetted an increase in the Value Added Tax threshold from €49,750 to €62,500. The original plan was
EU member states’ control of input VAT deductibility means the full single EU VAT return evades us With the impending further extension of the One-Stop Shop VAT return in July
Simplified Triangulation – What if middleman / intermediary party has VAT number in other states? Who is responsible for transport? Triangulation still permitted? For businesses with complex cross-border chain supplies
5 tax agencies Phase 2 EU ViDA Digital Reporting Requirements transaction data technical challenges Denmark, Finland, Iceland, Norway and Sweden tax authorities have completed a second phase of their pilot technical
Fiscal representatives register and report VAT on behalf of foreign providers Madagascar imposed its Value Added Tax on digital or electronic services (and goods) sales to consumers by foreign providers
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