Nigeria proposes VAT rate hike, reduction of VAT on essentials
Taiwo Oyedele, the Chairman of the Presidential Fiscal Policy and Tax Reforms Committee stated on 5 September 2024 that the committee proposes the elimination or reduction of VAT on essential items like food, housing, and public
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Romania enacts RO E-VAT Compliance Notice
Romania’s government published Order No. 6234/2024 in the Official Gazette No. 887 on 3 September 2024. The Order outlines the layout and content of the RO e-VAT compliance notice, as well as the associated transmittal procedure. Earlier,
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Cyprus postpones VAT objection submissions via TFA portal
Cyprus tax department, in an announcement on 26 August 2024, informed that the submission of appeals for VAT issues via the Tax For All (TFA) Portal, which was scheduled for 3 September 2024, has been postponed. The tax authority said the
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Peru sets new VAT registration rules for B2C digital services
Peru's tax authority, SUNAT, has issued Superintendency Resolution No. 000173-2024/SUNAT, outlining the registration procedure for non-domiciled (non-resident) suppliers to collect VAT (IGV) when providing B2C digital services under Legislative
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Denmark launches consultation on zero VAT rate for domestic air travel
The Danish government has commenced a consultation on a draft legislation that includes amendments to the VAT Act and other related changes. A key amendment is the introduction of VAT zero-rating for domestic air travel services in Denmark. The
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Saudi Arabia: ZATCA sets criteria for 15th e-invoicing phase; compliance starts 1 March 2025
Saudi Arabian Zakat, Tax and Customs Authority (ZATCA) announced the criteria for the 15th group of taxpayers who must adhere to the second phase of the e-invoicing system implementation on 30 August 2024. This initiative is part of ZATCA's efforts
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Poland: Finance ministry proposes VAT changes
The Polish Ministry of Finance has reportedly suggested several amendments to the VAT Act. The main proposed amendments are as follows: Apply a zero VAT rate to non-seagoing rescue vessels and lifeboats used at sea; Maintain 8% VAT for
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Slovak Republic proposes new tax rules for bad debt deductions
The Slovak parliament approved a draft bill on 23 August 2024 for consideration that proposes amendments to the Income Tax Act. The amendments address the rules for tax-deductible provisions concerning bad debts. As per the proposed amendments,
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Peru implements 18% VAT for digital services
The Ministry of Economy has announced new regulations (Supreme Decree No. 157-2024-EF) for VAT collection on digital services provided by non-resident entities and the import of intangible goods. The decree was published in the Official Gazette on
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Taiwan: Legislative Yuan approve amendments to VAT Act
Taiwan’s Legislative Yuan passed the amendments to the Value-added and Non-value-added Business Tax Act (VAT Act) on 15 July 2024. The Act was promulgated by the president on 7 August 2024. The Executive Yuan will announce the date when the law
See MoreSaudi Arabia consults proposed amendments to VAT implementation regulations
Saudi Arabia Zakat, Tax and Customs Authority (ZATCA) announced proposed amendments to the VAT Implementation Regulations on 28 August 2024, now open for public consultation until 17 September 2024. The proposed changes aim to align Saudi tax
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Switzerland approves VAT reform with key changes from 2025
The Federal Council of Switzerland has approved VAT reform, effective 1 January 2025. The reforms introduce several key changes, which are as follows: A new voluntary balance and flat-rate tax method to simplify compliance for VAT flat rate
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Romania proposes RO E-VAT compliance notice
Romania’s tax authority published a draft bill on 20 August 2024 regarding the layout and content of the RO e-VAT compliance notice. Romania’s government published a draft bill on 27 June 2024, detailing revisions to the layout and content of
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Kenya Revenue Authority wins KES 1 billion VAT fraud case
The Kenya Revenue Authority (KRA) announced that it won a KES 1 billion case against a Chinese company involved in a missing trader VAT fraud. Tax fraud investigations have exposed how a Chinese company fraudulently evaded payment of over KES 1
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Azerbaijan implements new e-commerce VAT regulations for non-residents
In July 2024, Azerbaijan’s State Tax Service introduced regulations for the electronic registration, re-registration, and de-registration of non-residents involved in e-commerce. Approved by the Cabinet and integrated into the Tax Code, these
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Ecuador clarifies invoice, VAT rules for land transport services
Ecuador's Internal Revenue Service (SRI) has issued Circular NAC-DGECCGC24-00000005 on 15 August 2024, clarifying the requirements for invoices and receipts related to land transport services, particularly concerning the deduction of costs and the
See MoreSwitzerland adopts partial revision of the ordinance governing VAT
The Swiss Federal Council adopted a partial revision of the Value Added Tax Ordinance (VAT) on 21 August 2024. It contains the implementing provisions of the revised Value Added Tax Act (VAT Act) and changes unrelated to this revision of the VAT
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Serbia announces amendments to e-invoicing rulebook
Serbia’s Ministry of Finance released updates to the electronic invoicing (e-invoicing) rulebook in the official gazette no. 65/2024 on 2 August 2024. These amendments will take effect from 1 September 2024, with specific provisions concerning the
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