VATupdate – VATupdate – Your daily VAT news from around the …
China Enacts VAT Law, Effective January 2026 China’s first VAT Law passed, replacing 31-year-old Provisional VAT Regulations. Legislative process involved multiple reviews and public consultations since 2019.
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Global VAT Revolution in E-commerce and Digital Services Tax – November 2024 Update!
November VAT News: 10 Updates from Around the World
Nov 14, 2024 · New Document was Uploaded: Software for the Electronic Transmission of the Ddata in Italy
Global Tax Policy and Controversy Watch | December 2024 edition
Dec 11, 2024 · New VAT and Tax Regulations: Countries such as the Philippines implemented a 12% VAT on digital services from non-resident sellers, while Australia passed legislation for a 15% global minimum tax under OECD guidelines. Additionally, Latvia will require e-invoicing for B2G transactions starting January 1, 2025, and for B2B transactions by ...
VATupdate Newsletter Week 47 2024 – VATupdate
Nov 25, 2024 · Most people think of VAT as endless calculations and complicated rules. It can come across as a dry and abstract subject, but nothing could be further from the truth! VAT is all around us and plays a crucial role in our economy—even in the latest trends, like the rise of …
VAT Trends 2024: An Overview – VATupdate
Oct 8, 2024 · VAT Gap Decline: The VAT Gap in Europe decreased from €99 billion in 2020 to €61 billion in 2021, driven by digitization, government support during COVID-19, and a shift towards cashless payments, benefiting countries like Italy and Poland.
E-Invoicing & E-Reporting developments in the news in week …
Dec 15, 2024 · Key provisions include the VAT status declaration and the Central Intermediary System roles effective from December 15, 2024, while VAT reporting and system user requirements apply to VAT periods post-December 31, 2024.
October VAT news: 10 updates from around the world
Oct 24, 2024 · Ecuador: A VAT cut on electric generators has been implemented to address the energy crisis and make generators more affordable. Philippines: Legislation now imposes VAT on digital services from non-resident entities to increase tax revenue and ensure fair competition.
New Document was Uploaded: Software for the Electronic …
Nov 14, 2024 · Mafia’s €520 Million VAT Fraud: EPPO’s ‘Moby Dick’ Investigation Exposes Criminal Syndicate November VAT News: 10 Updates from Around the World Sponsors:
New VAT Laws in Belgium from 1st January 2025: Changes, …
6 days ago · New VAT laws in Belgium from January 1, 2025; Planned changes in the Belgian VAT law, originally scheduled for 2024, will now take effect from January 1, 2025; Faster VAT refunds for monthly filers; Simplification of administrative procedures for VAT refund requests; Longer deadlines for quarterly filers by 5 days; Stricter penalties for late ...