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
See More
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
See More
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
See More
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,
See More
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
See More
Brazil announces updates to e-invoicing prompted by tax reforms
Brazil’s government has submitted regulations to Congress regarding implementing a new dual value-added tax (VAT) system as part of its tax reform bill. Earlier, Brazil’s lower house of Congress, on 10 July 2024, passed legislation to
See More
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
See More
Romania gazettes details of prefilled VAT returns
Romania’s 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
See More
Netherlands waives e-commerce fines until January 2025
The Netherlands State Secretary for Finance, Eelco Heinen, in Decree No. 2024-16101 of 16 July 2024, announced that administrative fines for VAT e-commerce defaults will be waived until 1 January 2025. With the entry into force of the
See More
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
See More
Oman postpones mandatory B2B e-invoicing system to 2025
Oman's Tax Authorities 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
See More
Taiwan clarifies business tax on cross-border e-commerce purchases for personal use
Taiwan’s 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
See More
Poland initiates new consultations on e-invoicing
Poland’s finance minister Andrzej Domański 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
See More
Venezuela extends VAT and customs duty exemption on imports of certain goods
Venezuela announced it published Decree No. 4.967 in the Official Gazette on 28 June, 2024. The Decree clarifies the extension of the temporary exemption from VAT and customs duty on the importation of specific goods. The exemption follows Decree
See More
Austria passes Tax Amendment Act 2024, introduces changes to VAT
Austria's Federal Council (Bundesrat) approved the Tax Amendment Act 2024 (AbgÄG 2024) on 11 July 2024, following its earlier approval by the National Council (lower house of parliament). The Act introduces several changes, particularly to Value
See More
Finland initiates consultation on VAT rate hike proposal
Finland's Ministry of Finance has initiated a public consultation on a proposed draft bill which suggests increasing the VAT rate on certain commodities from 10% to 14%. The consultation is set to conclude on 19 August, 2024. The draft bill
See More
Nigeria appoints crypto firm to collect VAT on transaction fees
KuCoin, a Seychelles-based cryptocurrency trading platform, announced on its official X account, on 3 July 2024, that it will impose a 7.5% value-added tax (VAT) on transaction fees for users in Nigeria, effective 8 July, 2024. KuCoin has
See More
Spain announces 2023 VAT refund deadline
Companies in Spain can claim value-added tax (VAT) refunds paid in other EU countries during 2023 until 30 September, 2024. This process can be completed through the Spanish tax authority’s website. Similarly, EU companies not established
See More