The European Union’s Transaction Network Analysis services is a tool shared by member states to gather and compare VAT transactional data to help detect fraud. It was launched by Belgium
Additional non-residents required to register for VAT on electronic services The Indonesian Directorate General of Tax has co-opted a further ten new non-resident providers of digital services to tax on
Global pioneer in electronic invoicing now being copied around the world Chile’s Servicio de Impuestos (SII) tax authority introduced its VAT electronic invoice regime in 2001, and mandated it for
Electronic invoicing 2021 phased introduction Albania has rolled out its mandatory electronic invoice regime in 2021 in the following stages: 1 Jan 2021 – B2G transactions 1 Jul 2021 –
Home renters to provide more platform sales VAT info In last week’s Norwegian 2022 budget, the government is proposing obliging homeowners renting out their properties on digital platforms to share
Sales e-invoice reporting goes ahead; purchase reporting to follow from 1 Jan 2022 Greece’s Ministry of Finance and Greek tax office, AADE, started the voluntary the rollout of its VAT
Fifth of the six Gulf states to implement VAT The Arab Gulf state of Kuwait is considering a plan to implement Value Added Tax (excise duties 2022) on 1 January
Electronic services by non-residents come into VAT net Kazakhstan has made foreign providers and marketplaces for digital or electronic services liable to Value Added Tax collection obligations from 1 January
Another Canadian province imposes Provincial Sales Tax on non-resident providers The Canadian province of Manitoba is to levy 7% Provincial Sales Tax (PST) on streaming media (video and music) and
Banks and other financial institution may opt for B2B VAT on certain activities Poland is to take up the EU VAT Directive option to allow businesses to charge VAT on
Grand plan may now fall to side as VAT in the Digital Age reforms progress The proposed grand solution to tackle over €50billion in EU VAT fraud, the Definitive VAT
Full Egyptian B2B invoicing by April 2023 The Egyptian Tax Authority (ETA) has been phasing in its mandatory electronic invoicing regime, starting 15 November 2020 with over 100 large (‘senior’)
VAT saving opportunities for banks, credit and securities businesses The French 2022 finance bill includes a proposal to ease the terms under which financial services business may opt for taxation
VAT – gig and sharing economies As part of the VAT in the Digital Age review of the impact and best policies for indirect tax reforms, the European Commission is
Electronic invoices in two phases: Introduction (Dec 2021); and Integration (Jan 2023) Saudi Arabia is implementing the requirement for B2B electronic invoices for VAT transactions by resident businesses from 4
Draft Bill to impose VAT on nonresident digital or electronic service providers and marketplace platforms The Philippines’ House has approved a bill (House Bill 7425 (HB 7425)) to implement VAT
Extra six days GST filing and remittance delay The New Zealand Inland Revenue has extended the filing dates and remittances due for September month filers and August and September bi-monthly
Second VAT rate cut in four years The ruling Liberal Democratic Party of Uzbekistan has moved to reduce the standard Value Added Tax rate to 12% from 1 January 2023.
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