Lithuania considers VAT rule amendment for small businesses
Lithuaniaโs parliament (Seimas) has introduced a draft law amending the VAT Law to alleviate the VAT compliance burden on many small businesses and provide a tax break for B2C services, allowing them to exclude VAT from their pricing. The
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Taiwan revises business tax deadlines
The President of Taiwan has officially revised and promulgated key provisions of the Value-Added and Non-Value-Added Business Tax Law (Business Tax Law) on 7 August 2024. These amendments aim to enhance the compliance of electronic invoicing and
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Switzerland raises VAT to support extra pension payments
Switzerlandโs Federal Department of Home Affairs, in a release on 14 August 2024, clarified the consultation on the implementation and financing of the 13th AHV pension at its meeting on 14 August 2024. The consultation was held regarding securing
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Italy passes legislative decree on VAT scheme for small businesses
Italyโs Council of Ministers has preliminarily approved a draft Legislative Decree for the implementation of the Amending Directive to the VAT Directive (2020/285) and the Amending Directive To The VAT Directive (2022/542). This decree
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South Africa to impose VAT on low-value parcels
The South African Revenue Services (SARS) has issued interim tax changes on the importation of clothing through e-commerce by several importers on 8 August 2024. SARS observed that many importers have been evading the mandatory customs duties and
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Malta releases VAT exemption guidelines for scheduled sea transport
Malta's Commissioner for Revenue has published Guidelines on the VAT exemption on other scheduled sea transport of passengers on 1 August 2024. The purpose of this document is for the Commissioner for Tax and Customs ('CfTC') to determine, in
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Lithuania publishes VAT exemption guidelines for educational services
The Lithuanian tax authorities published a guidance on VAT exemptions applicable for educational and training services. This comprehensive document specifies the VAT exemption criteria for services provided by educational institutions, including
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France releases updated VAT representative appointment template
The French tax authorities have released a revised letter BOI-LETTRE-000082 template for appointing VAT representatives on 7 August, 2024. This letter is used for appointing a VAT representative in France. The document, which should be on
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Kazakhstan enacts VAT exemption for vehicle, machinery sales
Kazakhstan has enacted Law No. 119-VIII, effective from 21 July 2024, which provides a VAT exemption on the sale of eligible vehicles and agricultural machinery. This law, signed on 8 July 2024, stipulates that to qualify for the exemption,
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Russia clarifies VAT rules for digital services from non-residents
Russia's Federal Tax Service issued Letter No. 16-18/081555, clarifying VAT obligations for digital services provided by non-residents to Russian entities. The letter states that when digital services such as rights to images, music, and video
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Brazil announces updates to e-invoicing prompted by tax reforms
Brazilโs government has submitted regulations to Congress regarding implementing a new dual value-added tax (VAT) system as part of its tax reform bill. Earlier, Brazilโs lower house of Congress, on 10 July 2024, passed legislation to
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Peru introduces new VAT rules for digital services, online purchases
The government of Peru has enacted Legislative Decree No. 1623, dated 2 August, 2024, to implement new rules for collecting Value Added Tax (IGV) on digital services provided by non-domiciled suppliers to Peruvian residents. This regulation targets
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Romania gazettes details of prefilled VAT returnsย
Romaniaโs government has issued Order no. 3775/2024, which approves the layout and content of the prefilled VAT return. The Order No. 3775/2024 was published in Official Gazette No. 726 on 24 July 2024. Earlier, the government published a
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Netherlands waives e-commerce fines until January 2025
The Netherlands State Secretary for Finance, Eelco Heinen, inย Decree No. 2024-16101 of 16 July 2024, announced that administrative fines for VAT e-commerce defaults will be waived until 1 January 2025.ย ย With the entry into force of the
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Tax Authority Approach to Business Fragmentation: Lessons from a Recent Russian Case
Traditionally, countries like Russia, Kazakhstan, and others in their vicinity have created highly advantageous conditions for small businesses by setting a substantially high ceiling for qualifying for reduced tax rates. For instance, in Russia, a
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Oman postpones mandatory B2B e-invoicing system to 2025
Oman's Tax Authoritiesย announced the postponement of the mandatory B2B e-invoicing system to an unspecified date in 2025, citing technical challenges. Initially, the system was set to be introduced on a voluntary basis in April 2024, with
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Taiwan clarifies business tax on cross-border e-commerce purchases for personal use
Taiwanโs Ministry of Finance has released a notice explaining the levy of business tax on goods purchased for personal use through cross-border e-commerce. Recently, Kaohsiung Customs has received numerous inquiries from the public on why
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Poland initiates new consultations on e-invoicing
Polandโs finance minister Andrzej Domaลski on 12 July, 2024, announced that the Ministry of Finance and the National Revenue Administration are starting a new cycle of consultations on the National e-Invoicing System (KSeF). The meeting titled
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