ViDA reform conclusions 7 December 2022: Single VAT registration in the EU; Digital Reporting Requirements; and Digital Platforms and VAT The European Commission is set to publish its VAT in
Inflation rise above 10% prompts consideration of temporary zero-rating of basic foods The Jersey Assembly is to review a Bill to temporarily reduce the 5% Goods and Services Tax on
Technical details published for e-invoicing any payment data published; includes requirements for agent ‘dematerialisation platforms’ Decree No. 2022-1299 of 7 October 2022 cover the rules for electronic invoicing in transactions
COVID cut from 19% to 7% on restaurants, cafes and catering rolled over until end of 2023 on inflation worries As part of a €65 billion relief measures, including cutting
Washington first state to extend sales taxes to NFT sellers and retailers Washington has become the first US state to bring Non-Fungible Tokens (NFTs) trading within its sales tax regime.
Inflation hits 22.5% in September prompts agreement to lower taxes on domestic heating to 5% The Lithuanian Parliament has agreed to reduce the VAT rate on domestic heating from 21%
More time allowed for 2021-22 input and credit allowances A number of delays have been provided for by the Central Board of Indirect Taxes of India. These are extensions on
First 600 taxpayers on e-VAT; full mandate for all by 2024 The Ghanian Revenue Authority (GRA) has now onboarded 600 taxpayers to e-VAT, its electronic invoicing reporting regime. These are
Proposals to cut indirect taxes on fuels as inflation ticks up Vietnam’s finance ministry has put forward two alternative measures to cut indirect taxes on fuel. These are: Cut VAT
Increases consolidated sales taxes from 6% to 7% ahead of introduction of VAT in 2024 Aruba is to raise its BBO turnover tax 1% to 2.5% from 1 January 2023.
Major global Value Added Tax and Goods and Services Tax changes from 1 October 2022 To get free regular e-mail alerts on global VAT or GST changes, sign-up to our
2023 Budget hike VAT threshold and other measures The Caribbean islands state of Trinidad & Tobago is to increase its Value Added Tax registration threshold. It will increase from TT$500,000
Lack of definition puts uncertainty on UK VAT obligations for traders and marketplaces The UK’s HMRC has yet to confirm the Value Added Tax status of Non-Fungible Tokens (NFT’s), blockchain
Are NFT crypto assets transactions subject to EU digital services VAT rules? Update: the Committee has produced its working paper on EU VAT and NFT’s in March 2023 Non-Fungible
July 2024 to July 2025 B2B invoicing phased rollout; Peppol likely preferred standard Original plans to launch July 2023 likely have been delayed for a second time to start July
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