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OECD tax reforms unlikely following US election; DST & trade retaliation risks

15 November 2024 in

Digital Services Tax

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 the rules on taxing cross-border digital services (‘Pillar 1′) is now in peril following the

Global VAT evaluated in 2024 OCED Tax Policy Reforms

2 October 2024 in

OECD

Annual comparative review of countries’ tax of goods and services Included within the OECD’s annual Tax Policy Reforms: OECD and Selected Partner Economies are an analysis of VAT and GST strategies of 90 countries which are part of the OECD and G20’s BEPS reform programme.

Bulgaria SAF-T 2025 launch doubts

25 July 2024 in

Bulgaria

National Revenue Agency progresses OECD-based Standard Audit File for Tax of transactional-level VAT data Bulgaria is preparing to join other countries implementing SAF-T, the OECD-backed standard schema for the exchange of information between tax payers and authorities. The first version of the Bulgarian SAF-T XSD

Ukraine Standard Audit File for Tax ‘SAF-T UA’ 2025

22 August 2023 in

OECD

Transactional level data, initially on-demand; mandatory introduction between 2025 and 2027 The Ukrainian Ministry of Finance has adopted an optional Standard Audit File for Tax (SAF-T) regime from 1 January 2023. It will become mandatory for large taxpayers from 1 January 2025, and then for

Vietnam imposes marketplace VAT transaction reporting

9 February 2023 in

exchange of data

Quarterly user transaction reporting to help detect VAT fraud Vietnam has joined many countries around the world in requiring digital marketplaces / platforms to provide the tax authorities with detailed reporting on their sellers or users transactions. Marketplace operators must now provide the following levels

Ukraine Standard Audit File for Tax ‘SAF-T UA’ update

31 December 2022 in

OECD

State Tax Service updates SAF-T UA template for large taxpayers Since October 2021, large taxpayers have been able to voluntarily use the tax office’s downloadable template for reporting transaction-level data. This month, the template functionality has been updated with return messaging to confirm acceptance of

OECD reviews global e-invoicing regimes

29 September 2022 in

Continuous Transaction Controls

Evaluation of electronic invoicing implementations with recommendations for global tax administrations; harmonisation not possible The Organisation for Economic Cooperation and Development has issued an initial findings report “Tax Administration 3.0 and Electronic Invoicing’ on electronic invoicing for tax authorities looking to introduce the VAT/GST control reform,

Nigeria 6% Digital Services Tax

4 August 2022 in

Digital Services Tax

Delays in agreement on OECD Pillar 1 global tax reallocation rights prompts Nigeria to act unilaterally Nigeria has become one of the few countries to comply with the OECD 137-country agreement to renegotiate global taxing rights, and has acted unilaterally at the start of 2022

Digital Services Tax (DST) comeback? Pillar 1 update

3 August 2022 in

Digital Services Tax

US doubts on ratifying OECD Pillar 1 agreement for 2023 means unilateral DST’s to make a comeback? The ambitious October 2021 OECD inclusive framework on base erosion and profit shifting (BEPS) agreement by 137 countries on global tax reforms is proving hard work to implement.

OECD publishes digital platform VAT/GST reporting template

2 April 2022 in

DAC 7

Standardised XML format for exchange of tax information from marketplaces and platforms to the tax authorities – coordinated with EU DAC 7 2023 obligations The Organisation for Economic Cooperation and Development has issued its model rules for reporting by digital platform operators – and standard

Tag: OECD