Jan 2025: Report of sales to VAT registered businesses in other EU states now included in VAT Return The Estonian parliament had approved the proposed consolidation of the EC Sales
The EU is undertaking an extended program of reforms to its Value Added Tax regime. This commenced with the 2016 Tax Action Plan, containing over ten reforms included the later
Proposal to make online retailer platforms liable to 2.7% turnover tax Hungary is proposing to update its tax laws to make online platform goods revenues liable to the 2020 retail
15% on non-resident electronic services The East African semi-autonomous jurisdiction of Tanzania Zanzibar has imposed its 15% VAT on non-resident providers of digital services to consumers. This was introduced in
DGT updates technical specifications of e-invoicing and receipts Jun 2025 Costa Rica’s General Directorate of Taxes (DGT) is updating the technical structures for the issuance of e-receipts. This new version
July 2030: ViDA Pillar 1, Intra-community EU Digital Reporting Requirement & e-invoicing Work progresses for July 2030 launch; existing real-time reporting regime harmonisation to EU standards by Jan 2035 As
HMRC generative Artificial Intelligence chatbot Beta with help on VAT and other tax questions The UK tax authorities, HMRC, are advancing its generative AI chatbot, GOV.UK Chat, to support users
Ministry of Finance proposal for further 6-month extension of cut to 8% for key sectors A 2% VAT rate cut on essentials first brought in by the Vietnamese Ministry of
Electronic transaction statement supporting VAT return Slovakia introduced its electronic transaction control statement report from 1 January 2024. It is required in support of the VAT return, so filled monthly
Annual guidance from Ministry of Finance on technical Value Added Tax issues The Federal Ministry of Finance has published the annual VAT book, this one covering 2023. There is a separate
New SAF-T UA 2.0 published for transactional level reporting, initially on-demand; becomes annual mandatory between 2025 and 2027 The Ukrainian Ministry of Finance has adopted an optional Standard Audit File
2026 switching accommodation from 9% rate to 21% standard rate Books, sport and cultural services remain at 9% reduced rate Plans to include books, cultural and sports activities in a
US presidential election means OECD Pillar 1 tax agreement unlikely Digital Service Taxes back on agenda with risk to tariff retaliation The OECD’s negotiations with around 120 counties on rewriting
Australia adoption of Peppol International (PINT) e-invoicing specification The phased introduction of the PINT A-NZ specification of OpenPeppol standard e-invoicing has started. This replaced the ANZ Peppol BIS 3.0 specification
2-year VAT exemption on residential property sales on real estate crisis An economic downturn and ageing pollution has put huge pressures on China’s dominant real estate sector. This is threatening
No change for dispatches and arrivals of goods across EU reporting thresholds 2025 Romania has gazetted a freeze in the Intrastat thresholds from 1 January 2025. The thresholds will remain
January 2027 proposed introduction of Goods and Services Tax A plan for the launch of 5% GST to Guernsey and Alderney in 2027 are to be developed following the November
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