August 2022 VAT & GST changes
Major global Value Added Tax and Goods and Services Tax changes from 1 August 2022 To get free regular e-mail news alerts on global VAT or GST changes, sign-up to our newsletter
Turkey VAT guide
South Korea VAT e-invoice e-Tax – threshold cut July 2023
Threshold on electronic reporting of e-invoices cut to KRW 100m from 1 July 2023 South Korea’s near real-time e-invoicing regime will be made mandatory for a larger group of companies as it cuts the reporting annual sales threshold from KRW 200m to KRW 100m (approx.
VAT cuts on energy & food as inflation hits record 8.6% in June 2022
Eurozone energy inflation 42% June 2022 (39% May); temporary VAT subsidies for domestic power, foods and other basics A fast-growing queue of European countries are emerging to cut their already reduced VAT rates on domestic energy, petrol and foods. Eurozone headline inflation hit 8.6% in June,
Kenya VAT on foreign digital services – update
Foreign providers of electronic services given VAT registration threshold Kenya has introduced a VAT registration threshold for non-resident providers of digital services to Kenyan consumers. This is KES 5 million (approx €41,700) per annum of turnover. This is the same level as for resident business.
Philippines digital services non-resident providers bill progress
Draft Bill to impose VAT on nonresident digital or electronic service providers and marketplace platforms reintroduced following elections A stalled Bill (House Bill 372) to extend Value Added Tax to resident and non-resident providers and marketplaces of digital services has been reintroduced. This follows the
VAT TV July 2022 news
July 2022 VAT and GST changes
Major global Value Added Tax and Goods and Services Tax changes from 1 July 20022 To get free regular e-mail news alerts on global VAT or GST changes, sign-up to our newsletter
VAT cuts on energy & food as inflation hits record 8.1% in May 2022
Eurozone energy inflation 39% May 2022; temporary VAT subsidies for domestic power, foods and other basics A fast-growing queue of European countries are emerging to cut their already reduced VAT rates on domestic energy, petrol and foods. Eurozone headline inflation hit 8.1% in May, up from