Government confirms 2% rise in VAT rate The Caribbean islands state of Antigua and Barnuda has indicated that it may have to increase its Sales Tax (ABST) by 2% to
Increase to €800,000 annual threshold for cash-based VAT scheme Germany is raising the sales threshold for small businesses to join the cash-based VAT scheme. This offers eligible tax payers to
2024 Increase in dispatches and arrivals of goods reporting thresholds The Czech Statistical Office has announced a rise in Intrastat thresholds from 1 January 2024. The thresholds will be as:
Intrastat reporting threshold to increase 1 January 2024 Estonia has raised its Intrastat reporting thresholds for 2024 as follows Arrivals: increased to €700,000 per annum from €400,000 Dispatches: increased to
AI adopted on more interpretative elements of GST law sparks huge uplift in Show-Cause Notices Indian Goods & Services Tax registered businesses from the shipping, gaming, insurance and airline sectors
Belgium assumes Presidency of Council of EU Jan 2024 committing to progress VAT in the Digital Age, Customs reforms and direct tax work Belgium will take-up the rotating Presidency of
Confirmation of business tax to non-resident digital service providers Taiwan has updated its Value-added and Non-value-added Business Tax law to confirm its Business Tax to certain non-resident providers of digital
OECD figures show other taxes’ growth outstrips VAT; but is this because of attractions of VAT during crises? The OECD’s annual “Revenue Statistics 2023: Tax Revenue Buoyancy in OECD Countries”
VAT rise shadows Switzerland’s rise to fund welfare payments The European Principality of Liechtenstein is to raise VAT rates from 1 January 2024 as follows: Standard rate from 7.7% to
How is Al changing the tax function? Santhie Goundar investigates the changes firms are seeing; VAT case study It’s well documented how tax authorities AI is being used to close
Federal Ministry of Finance latest annual tax guide issued The annual VAT guide has been issued by the German Finance Ministry (Bundesministerium der Finanzen BMF) – this one covering 2022.
1-year inflation standard VAT rate cut ends 1 January 2024 Luxembourg’s 1% temporary VAT cut for 2023 ends from 1 January 2024. The 2024 rate will be: Standard rate: 17%
Persistent, huge VAT fraud issues push tax authorities to adopt Machine Learning and Generative Artificial Intelligence National tax agencies in Europe and beyond are increasingly turning to Artificial Intelligence tools
Anti-VAT fraud measure from January 2024 Denmark is to be the latest EU member state to introduce the domestic reverse charge on business-to-business supplies of telephony services. The anti-VAT fraud
Temporary energy VAT cut introduced with spiking inflation in 2022 is to end 1 March 2024 – 1 month early The German government plans to end the temporary reduction from
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