Tax codes – the motor of VAT determination
Tax codes – the motor of VAT determination
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How tax codes help ERP’s and tax engines get global VAT calculations and reporting right Tax codes provide the information tax engines, ERP’s or accounting systems need to correctly identify
EU VAT on B2C digital services – OSS
EU VAT on B2C digital services – OSS
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EU OSS 2021 for e-commerce and digital services. Extension to own goods 2025 The EU’s e-commerce VAT package has updated the reporting rules for VAT on digital services as well
Bahrain VAT e-invoicing update
Bahrain VAT e-invoicing update
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National Bureau for Revenue publishes B2B e-invoicing tender The Bahraini tax authority, The National Bureau for Revenue (NBR), has issued a tender invite for private companies to assist it with
EU 2028 scraps €150 import VAT & customs consignment threshold and IOSS limit
EU 2028 scraps €150 import VAT & customs consignment threshold and IOSS limit
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March 2028 VAT on all import B2C consignment must be charged at sale in checkout; IOSS €150 limit withdrawn; marketplaces liable for seller VAT and customs; optional Special Arrangements extended
Can Artificial Intelligence produce VAT advice?
Can Artificial Intelligence produce VAT advice?
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Will ChatGPT and other natural language Artificial Intelligence chatbots produce reliable VAT advice? No. And yes. Whilst Artificial Intelligence (‘AI’) tools have boomed in the hunt for VAT evasion, its
UK closes old VAT return portal 15 May 2023; MTD compulsory for all
UK closes old VAT return portal 15 May 2023; MTD compulsory for all
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15 May 2023 HMRC closes old VAT return filing portal. MTD for VAT now compulsory for all taxpayers Since the launch of Making Tax Digital for VAT in 2019, there
EU Parliament pushes for new taxes
EU Parliament pushes for new taxes
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Lawmakers call for Financial Transaction Tax and a Digital Levy to meet shared EU COVID debts The European Parliament has backed a report to implement a host of new taxes
VAT TV – EU VAT in the Digital Age which measures to survive?
VAT TV – EU VAT in the Digital Age which measures to survive?
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Which of the 2024 to 2028 proposed EU ViDA reforms likely to survive, be delayed or dropped? In this special episode of VAT TV, we review which of the proposals
Kenya 3% cryptoassets and 15% content creator taxes
Kenya 3% cryptoassets and 15% content creator taxes
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2023 budget to levy taxes on transfers of cryptocurrency and NFT’s plus online content creation The new 2023/24 Kenyan budget proposes two new digital taxes: 3% on the transfer of
Ireland 0% VAT on solar panels
Ireland 0% VAT on solar panels
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Ministry of Finance confirms terms of zero-rating for domestic solar panel installations – previous rate was 23% Ireland has joined the growing number of EU states that has taken advantage
Global VAT changes May 2023
Global VAT changes May 2023
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Major global Value Added Tax & Goods and Services Tax changes from 1 May 2023 Sign-up to our free VAT newsletter Or check global VAT rates in over 300 jurisdictions
US Mississippi sales tax on digital services July 2023
US Mississippi sales tax on digital services July 2023
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7% sales tax due on providers of digital services to consumers Mississippi is the latest US state to impose its state sales tax on a range of digital services. This
Finland electricity VAT cut to 10% and public transport to 0% ends
Finland electricity VAT cut to 10% and public transport to 0% ends
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Five-month emergency VAT rate cut ends on electricity from 24% to 10% until 30 April 2023; public transport reduced to 0% Finland’s President temporary VAT rate cut on domestic electricity
Hungary VAT registration threshold rise €48,000 to €71,500
Hungary VAT registration threshold rise €48,000 to €71,500
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EU grants derogation for rise in threshold to reduce administrative burden for small taxpayers and authorities Hungary has been given permission by the EU to raise its VAT registration threshold
Estonia food and hospitality service VAT cut proposal
Estonia food and hospitality service VAT cut proposal
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15.6% inflation prompts targeted VAT cuts ahead of proposed standard rate rise to 22% in 2024 Whilst headline inflation rate in the Baltic state of Estonia is falling back –
Netherlands reluctant on domestic B2B e-invoicing
Netherlands reluctant on domestic B2B e-invoicing
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Backing for EU’s VAT in the Digital Age reforms; sceptical on need for mandatory domestic e-invoicing regime The Dutch Secretary of Finance has confirmed conditional support of the EU’s VAT
Poland SLIM VAT 3 reforms delayed to July 2023
Poland SLIM VAT 3 reforms delayed to July 2023
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July 2023 – third delay to SLIM VAT 3 compliance reforms Following the March approval of the Polish SLIM VAT 3 compliance reforms, the implementation date has been again delayed