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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

01/12/2023
Iceland: Expiration of tax relief measures for electric modes of transport

The Icelandic tax agency has announced the expiration of tax relief measures for the acquisition of electric modes of transport at the end of this year.

VAT Updates
30/11/2023
Czech Republic: VAT changes with consolidation of reduced rates

The Czech President signed legislation ushering in changes to the country’s value-added tax (VAT) system, effective from January 1, 2024.

VAT Updates
29/11/2023
Kenya: Pre-filled VAT returns starting January 2024

The KRA informs the public and VAT-registered taxpayers about the upcoming pre-filled VAT return initiative, effective from the January 2024 tax period.

VAT Updates
28/11/2023
European Parliament backs one-year delay for VAT in Digital Age (VIDA) package implementation

Members of the European Parliament voted in favor of opinions on legislation to update the EU’s VAT regime, part of the VAT in the Digital Age package.

Digitization of Tax
27/11/2023
Taiwan: Incentives unveiled for taxpayer cooperation in audits

In a bid to encourage cooperation with tax audits, Taiwan’s National Tax Bureau is offering significant incentives for profit-seeking enterprises.

VAT Updates
24/11/2023
KSA: Expansion of electronic invoicing regime to additional taxpayers

KSA will be expanding its electronic invoicing regime once again, with the upcoming ninth phase set to include more taxpayers starting from June 1, 2024.

Einvoicing
23/11/2023
Lithuania: Raise of Intrastat reporting thresholds for 2024

Lithuanian authorities have announced an adjustment to the Intrastat reporting thresholds for the year 2024.

VAT Updates
22/11/2023
Australia: OECD recommends consumption tax increase and reduction of exemptions to boost fiscal resilience

The OECD has recommended that Australia explores the possibility of increasing its consumption tax rate and reducing exemptions.

VAT Updates
21/11/2023
Sri Lanka: Increase of VAT to 18% to boost revenue and meet IMF targets

To bolster revenue and align with International Monetary Fund program goals, Sri Lanka’s cabinet of ministers gave the green light to raise the VAT rate.

VAT Updates
20/11/2023
Turkey: Increase in interest rate on outstanding tax debts

The government has declared an increase in the interest rate applicable to overdue tax debts, according to Decision No. 7,782.

VAT Updates

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