Romania issues registration forms for non-resident payment service providers
Romania’s tax authorities issued Order No. 6508/2024, which introduces Form 709 for requesting tax registration for non-resident Payment Service Providers with reporting obligations in Romania under the Amending Directive to the VAT Directive
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Italy releases company list subject to VAT split-payment next year
Italy's Department of Finance has released the updated lists of companies subject to the value-added tax (VAT) split-payment system in 2025. The lists will be updated throughout the year. The revised lists include companies or entities controlled
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Greece introduces new VAT code to enhance clarity
The government has implemented VAT Code A 162/2024, published in the Official Gazette on 11 October 2024, to ensure clarity and uniformity in provisions without introducing any significant changes. This comprehensive update simplifies VAT
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Bolivia revises payment document rules for transactions over BOB 50,000
Bolivia's National Tax Service released Normative Resolution No. 102400000021 of 20 September 2024, which updated rules for documentation on transactions over BOB 50,000, effective for all individuals and entities. The Normative Resolution No.
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Serbia: No electronic input VAT recording needed for September 2024 tax period
Serbia’s Ministry of Finance announced on 9 October 2024 that users of the electronic invoicing system (SEF) will not be required to record input VAT electronically for the September 2024 tax period, citing technical issues. The ministry
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Finland consults TV Tax, VAT on broadcasting services, increases VAT rate on broadcasting from 10% to 14%
Finland’s Ministry of Finance initiated a public consultation on 4 October 2024 on a draft proposal to revise the TV Tax for individuals and businesses and to adjust the VAT on public broadcasting services. The consultation is set to conclude
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European Commission drops infringement case against Cyprus and Romania over cross-border payment rules
The European Commission announced it closed the infringement procedures against Cyprus (INFR(2024) 0016) and Romania (INFR(2024) 0122) for failing to transpose the Amending Directive to the VAT Directive (2020/284) on 3 October 2024. This
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UAE amends executive regulations on VAT
The Ministry of Finance announced that the UAE Cabinet has approved Decision No. 100 of 2024, which amends certain provisions of the Executive Regulations of Federal Decree-Law No. 8 of 2017 on Value Added Tax (VAT) on 5 October 2024. These
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Norway signs new VAT agreement with EU
Norway's ambassador to the EU, Anders H. Eide announced that he signed a renegotiated agreement with the EU on administrative cooperation in the field of VAT to combat international VAT fraud on 2 October 2024. An agreement between Norway and the
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Peru updates invoice recording deadlines, grants tax authority power to generate purchase register
The Peru government has implemented changes to amend deadlines for recording invoices in the purchase register for value added tax (VAT) purposes, and allows Peru’s tax authority (SUNAT) to generate the purchase register, published in Legislative
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Croatia consults amendments to VAT Act
Croatia’s government initiated a public consultation for draft legislation in which it plans to amend the VAT Act by raising the annual threshold for mandatory VAT registration from EUR 40,000 to EUR 50,000, aligning with the cumulative inflation
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Malawi to introduce VAT e-billing system in 2024
Malawi will implement a mandatory VAT e-invoicing system under its 2024/25 budget policy to combat VAT fraud and evasion, as announced by the Minister of Finance on 23 February 2024. The new system will replace existing electronic fiscal devices
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Russia clarifies VAT repayment rules for simplified tax system transition
The Russian Ministry of Finance (MoF) has announced updates regarding VAT repayment rules for legal entities and individual entrepreneurs transitioning to the simplified tax system, outlined in Guidance letter No. 03-07-11/69416 on 17 September
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Bulgaria consults proposed tax amendments to align with EU laws, enhance VAT administration
The Bulgarian Ministry of Finance released proposals for amendments to the various tax legislations for public consultation on 18 September 2024. The proposed changes aim to align with European Union (EU) laws and enhance the administration of VAT
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Belgium postpones VAT declaration, payment reforms
Belgium announced several amendments to the Belgian VAT Code, which were introduced by the Law of 12 March 2024. The amendments were initially set to take effect on 1 January 2024, but have been postponed to 1 January 2025. The changes in the VAT
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Peru postpones new VAT rules for B2C digital services
Peru issued Legislative Decree No. 1644 in the Official Gazette on 13 September 2024, postponing the implementation of Legislative Decree No. 1623. Earlier, Peru’s tax authority, SUNAT, had issued Superintendency Resolution No.
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Spain implements new rules for VAT self-assessment corrections
The Spanish Boletín Oficial del Estado (BOE) published Order HAC/819/2024, dated 30 July, which introduces necessary changes to VAT form 303 for implementing self-assessment corrections in VAT on 5 August 2024. Order HAC/819/2024, of 30 July,
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Ghana introduces phase two of VAT e-invoicing
The Ghana Revenue Authority (GRA) released a public notice regarding the implementation of the second phase of the Electronic VAT Invoicing System. The system is expected to assist businesses and the tax authority in obtaining real-time monitoring
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