Poland approves draft legislation to simplify VAT obligations for small businesses
Poland's Ministry of Finance announced that it has approved a draft bill aimed at simplifying and modifying VAT regulations for small businesses on 10 September 2024. The legislation aims to simplify administrative obligations by introducing the
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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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Poland: New VAT amendments for small businesses
On 12 June 2024, the Council of Ministers introduced draft legislation amending the value-added tax (VAT) law for small enterprises. The key amendment proposed is that small enterprises based in another EU member state would be eligible for VAT
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Slovak Republic: Parliament passes new VAT plan for small businesses
The Slovak Parliament, on Wednesday, 24 April, 2024, passed amendments to the VAT Law. These changes include the implementation of Council Directive (EU) 2020/285 of 18 February 2020, which introduces a new VAT scheme for small
See MoreChile: Government announces speedy VAT credits for small businesses
On 30 June 2020, the Government announced that small businesses may receive speedy refunds within 10 days on VAT credits if they can show more than 30% drop in
See MoreNigeria: President presents Budget proposal for 2020
On October 8, 2019, the president, Muhammadu Buhari, presented the draft budget for the year 2020. President Muhammadu Buhari arrives the green chambers of the National Assembly where the joint session of holding to receive the 2020 appropriation
See MoreKenya: Finance Minister proposes Budget for the Financial Year 2019/20
On 13 June 2019, the Finance Minister, Henry Rotich of Kenya presented the budget for 2019/20 to the parliament. The budget includes the following tax related measures: Capital Gains Tax is proposed to be increased from 5% to 12.5%. There is
See MoreTurkey: Draft Law 3065 amends VAT law
The Finance Minister, Naci AÄŸbal, has stated that a draft law, number 3065, revised the value-added tax (VAT) law and then it has been sent to parliament. The objective of the new draft bill is to support investments, production activities and
See MoreUAE: Prime Minister signs VAT Executive Regulation
The Finance Ministry, announced on November 27, 2017, that Vice-President and Prime Minister of the UAE and Ruler of  Dubai, Sheikh Mohammed bin Rashid Al Maktoum, signed the Executive Regulation regarding the Federal Decree-Law No. (8) of 2017 on
See MoreCroatia: EU Council gives approval to increase VAT registration threshold
The Council executing a Decision no. 2017/1768 of 25 September 2017 in the Official Gazette on September 28, 2017 for allowing Croatia to announce a special measure derogating from Article 287 of Directive 2006/112/EC on the usual system of value
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