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VAT News & Updates

International VAT news every day

Our professional and specialized VAT team is always informed with the latest VAT updates and regulations from around the world. Here you will find all you need to know regarding all the latest VAT news and information.

 

 

Latest VAT news

19/08/2022
Bulgaria: Government issues Decree on Increasing VAT Registration Threshold

The mandatory increase of the VAT registration threshold for taxpayers supplying VAT chargeable goods from BGN 50,000 to BGN 100,000.

VAT Updates
19/08/2022
Nepal: Digital Service Tax Procedures

The Nepali Inland Revenue Department has established separate procedures on the Digital Service Tax and VAT on Digital Services to give clarity.

Digitization of Tax
18/08/2022
South Africa: VAT Regulations on Domestic VAT Reverse Charge Treatment for Valuable Metals

South African Revenue Service released VAT domestic reverse charge regulations FAQs in Government Gazette 46512 , relating to supplies of valuable metals. 

VAT Updates
17/08/2022
New Zealand: GST Exemption for the Supply of Portable Units on Residential Accommodation

The GST exemption for the supply of portable units of housing was clarified by the New Zealand Inland Revenue in Technical Decision Summary No. 22/13.

VAT Updates
17/08/2022
Singapore: Property Developers Updates of their E-Tax Guide on GST

The guide clarifies proper GST treatment on the supplies made with regards to the selling of properties from a developer.

VAT Updates
16/08/2022
Poland: Government amends Reduced VAT Rate on Certain Goods effective July 16

Polish Gazette released Official Gazette No.1496/2022, which amends the reduced VAT rates for specific categories of goods, effective 16 July 2022. 

VAT Updates
15/08/2022
Cyprus: Government announces VAT Exemption on petroleum goods and fuel costs until the end of 2022 

Adoption of two legislations relating to the VAT and excise duty on petroleum goods, as well as the adjustment of fuel costs.

VAT Updates
12/08/2022
Mexico: Government Updates Extension for E-Invoicing Procedures

The purpose of the extension of the procedures is to increase the level of revenues, reduce the chance of tax evasion, and fight corruption.

Einvoicing
11/08/2022
Russia: Government amends the Regulations for Digital Currency

The Russian Official Gazette released Law No. 324-FZ, which amends the tax laws governing digital currency and came into force on 14 July 2022.   

Digitization of Tax
10/08/2022
The Netherlands: Government Clarifies VAT Refund Provision for Discounts in Connection to VAT reduced rate to Energy  

Decree No. 2022-173774 explains the requirements for VAT refunds due to price reductions in connection with the temporary lower energy VAT rate of 9%.

Gas crisis

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