UK Parliament’s European Scrutiny Committee flags ViDA and Customs IOSS reforms as friction for UK businesses; plus ongoing cost of EU fiscal representation The UK Parliament’s European Scrutiny Committee has
Inland Revenue investigating direct VAT payments to combat fraud Sri Lanka’s tax authority, the Inland Revenue Department, has confirmed to the Committee on Pubic Accounts that it is considering enforcing
40 years’ old travel and tourism VAT scheme needs reform to reflect market developments – slips into 2024 for proposals The 2023 review of the tourism VAT regime has been
2-year delay to ViDA Digital Reporting; TOMS on hold; 2021 e-commerce figures The EU’s VAT Expert Group (VEG) met at the end of October to review a range of EU
Tax authorities deploy AI machine learning and RPI to detect VAT fraud Romania’s Minister for Digitalisation has claimed that the use of Artificial Intelligence machine learning and Robotic Process Automation
2024 Finance Bill introduces rage of indirect tax measures The Tunisian Ministry of Finance has published the 2024 Finance Law to introduce a range of indirect tax measures. These include: VAT
Czech Parliament approves 15% and 10% reduced rates replacement with new 12% rate from Jan 2024 The Czech Parliament has approved the proposed consolidation of reduced VAT rates from 2024.
B2B Computer chips, mobile phones, laptops and precious metals put under Article 199 may provision Luxembourg is to adopt the VAT reverse charge on the small of a range of
Artificial Intelligence replacing employment means dangerous drops in government revenues. Taxing AI isn’t the solution. Whether as a labour efficiency tool or complete displacement of workers, Artificial Intelligence (AI) is
Ministry of Finance licenses Serbia’s e-invoicing platform ahead of mandate of B2B transaction reporting The Balkan state of Montenegro is preparing for the launch of B2B e-invoicing. It has recently
Intrastat – reporting on movement of goods between EU member states – reporting threshold remain unchanged in 2024 Finland kept unchanged its Intrastat reporting thresholds for 2024 as follows Arrivals:
ECON votes for Directive changes as part of wider March 2028 Customs & VAT reforms On 24th October 2023, the EU Parliament’s Committee on Economic and Monetary Affairs committee (ECON)
Mid-term budget lays ground for rise from current 15% The South African Finance Ministry’s mid-term budget indicates a fund gap likely to be filled by a VAT rise in next
Further 3% rise in standard rate following 2022 increase to 15% Sri Lanka’s cabinet has approved a 3% VAT rise from 15% to 18%. This will come into effect from
Government to scrap most 5% reduced rate, moving most supplies to the standard 19% rate from 1 January 2024 The Romanian parliament has published a Bill reclassifying restaurant, catering and
1 Jan 2024: micro businesses mandated in SdI e-invoicing All remaining businesses with a turnover not exceeding €25,000 per annum are included within the SdI e-invoicing obligations from 1 January
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