Switzerland consults on VAT collection amendments for digital platforms
The Swiss Federal Taxation Administration (FTA) has initiated a public consultation on proposed amendments that would mandate digital platforms to collect VAT starting 1 January, 2025. Principles and objectives of the legislation In order to
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Chile revises VAT invoice and document rules
Chile’s tax authority issued Exempt Resolution No. 36, on 15 March, 2024, updating the requirements for various tax documents that value added tax (VAT) taxpayers must issue. These documents include credit notes, debit notes, dispatch guides,
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Romania proposes amended prefilled VAT return format, content
Romania’s government published a draft bill on 27 June, 2024, detailing revisions to the layout and content of the prefilled VAT return. The prefilled e-VAT return follows the government’s Emergency Ordinance No. 70/2024, which was published
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Germany: Federal Cabinet approves draft law to reform VAT
Germany’s Annual Tax Act 2024, which was published on 5 June 2024, includes proposals for reforming the VAT system in Germany. The legislative process is slated to be completed by this year. Relevant time for input tax deduction A new
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Romania expands e-invoicing to B2C transactions
Romania’s Ministry of Finance has released Urgent Ordinance 69/2024 on 21 June, 2024, which expands the country's electronic invoicing (e-invoicing) mandate to business-to-consumer (B2C) transactions. Starting 1 July, 2024, all B2C transactions
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Germany releases draft regulation to implement e-invoicing for domestic B2B transactions
On 14 June 2024, Germany's Federal Ministry of Finance released a draft guidance on the mandatory implementation of electronic invoicing (e-invoicing) for domestic business-to-business (B2B) transactions, effective from 1 January 2025. Key Points
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Belgium extends summer 2024 VAT deadline
On 11 June 2024, Belgium's Federal Public Service (SPF) Finance issued a release in which it announced extending the submission deadline for VAT declarations and their intra-community statements for the 2024 summer holidays. The new deadlines for
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Poland: President approves national e-invoicing postponement
Andrzej Duda, President of Poland, has signed the Act on Value Added Tax (VAT), which delays the mandatory implementation of the National e-Invoice System (KSeF) from 1 July, 2024, to 1 February, 2026. Earlier, Poland’s Parliament passed an
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UAE issues VAT treatment guidelines between manpower and visa facilitation services
The UAE Federal Tax Authority (FTA) issued VAT Public Clarification VATP038 on 31 May, 2024. This guidance clarifies the VAT treatment between manpower services and visa facilitation services. The clarification tackles complexities companies
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Poland: Parliament approves postponement of e-invoicing mandate, digital platform reporting
Poland’s Parliament has passed an amendment to the Value Added Tax (VAT) Act and other related laws, delaying the mandatory implementation of the National e-Invoice System (KSeF) until 1 February, 2026. The bill will now be sent to the
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Slovak Republic introduces new VAT scheme, registration thresholds for small businesses
The Slovak Republic published Law of 24 April 2024 on Amendments to the VAT Law in the Official Gazette on Friday, 17 May, 2024. The law outlines implementing a new VAT scheme for small businesses under Council Directive (EU) 2020/285 of 18
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Poland: Taxable VAT must equal shares’ issuance value for property contributions
The Court of Justice of the European Union (CJEU), on 8 May, 2024, ruled, under Article 73 of the EU Value Added Tax (VAT) directive, that the taxable amount for a property contribution from one company to the capital of a second company, in
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UAE clarifies VAT rules for performance of a director’s function by a natural person
The UAE Federal Tax Authority (FTA) issued VAT Public Clarification - VATP037 on 13 May, 2024, in which it provided clarification concerning changes in the treatment of the performance of a director's function by a natural person as a supply of
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EU drafts VAT reform for the digital era
The European Commission unveiled on Wednesday, 8 May, 2024, an updated draft of the Value Added Tax (VAT) in the Digital Age (ViDA) package, aimed at modernising EU VAT rules. This proposal, if adopted, will bring significant changes in three key
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OECD: Annual Report 2024 of Tax Inspectors Without Borders
On 29 April 2024 the Annual Report 2024 of Tax Inspectors Without Borders (TIWB) was published. This joint initiative by the OECD and the UN Development Programme (UNDP) supports developing countries with capacity building programs to improve
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Poland announces new deadlines for e-invoicing
On 26 April 2024, Poland’s Ministry of Finance and the National Tax Administration declared revised deadlines for the phased rollout of the National e-Invoice System (KSeF) after the conclusion of an external audit. The e-invoicing mandate will be
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Italy issues annual VAT return form for 2024
Italy’s Revenue Agency released the Annual VAT Return Form for filing in 2024 on the tax year 2023. As of now, the return form and filing instructions are only available in Italian, but the tax authorities will soon release the forms in various
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Belgium parliament passes bill to introduce e-invoicing from 2026
On 1 February 2024, the Belgian Chamber of Representatives passed project 3743/004, which mandates the implementation of business-to-business (B2B) electronic invoicing (e-invoicing) from 1 January 2026. The bill is in accordance with the structured
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