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Recent news per region: AFRICA , AMERICAS , ASIA-PACIFIC , EUROPE , and MIDDLE EAST
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This is what happened in the ECJ (VAT) in December 2024 – 3 Cases Decided, 2 AG Opinions, 2 New Questions
November VAT News: 10 Updates from Around the World
Nov 14, 2024 · New Document was Uploaded: Software for the Electronic Transmission of the Ddata in Italy
VAT Trends 2024: An Overview – VATupdate
Oct 8, 2024 · VAT Gap Decline: The VAT Gap in Europe decreased from €99 billion in 2020 to €61 billion in 2021, driven by digitization, government support during COVID-19, and a shift towards cashless payments, benefiting countries like Italy and Poland.
SASO Announces New Clearance Procedures for Goods Entering …
Nov 15, 2024 · Starting January 1, 2025, all shipments entering Saudi Arabia must have a Product Certificate of Conformity (PCoC) and a Shipment Certificate of Conformity (SCoC) issued through the Saber platform
The Exciting Return of KSeF: Amendment, New Invoice Schema, …
Nov 13, 2024 · The Ministry has published a draft law amending the law introducing the compulsory KSeF; Implementation of KSeF will be phased based on sales value achieved in 2025
Global Tax Policy and Controversy Watch | December 2024 edition
Dec 11, 2024 · New VAT and Tax Regulations: Countries such as the Philippines implemented a 12% VAT on digital services from non-resident sellers, while Australia passed legislation for a 15% global minimum tax under OECD guidelines. Additionally, Latvia will require e-invoicing for B2G transactions starting January 1, 2025, and for B2B transactions by ...
Philippines Introduces New VAT Obligations for Foreign Digital …
Nov 19, 2024 · On October 2, 2024, the Philippine Congress passed Republic Act No. 12023, extending VAT obligations to foreign digital service providers for both B2B and B2C transactions, with the VAT rate set at 12% and certain exemptions for educational and financial services.
Tribunal ruling exempts cut wood from sales tax, farmers relieved …
Nov 16, 2024 · Recent tribunal ruling declares cut wood from certain trees exempt from sales tax; Sales tax department’s attempt to impose tax on farmers selling cut wood thwarted
VATupdate Newsletter Week 47 2024 – VATupdate
Nov 25, 2024 · Most people think of VAT as endless calculations and complicated rules. It can come across as a dry and abstract subject, but nothing could be further from the truth! VAT is all around us and plays a crucial role in our economy—even in the latest trends, like the rise of …