Australia is introducing mandatory e-invoicing for government agencies by July 2022. The Australian government says they are consulting on making e-invoicing mandatory across all levels of government and by business. The e-invoicing initiative is part
Italian tax authorities are investigating travel website Booking.com for widespread tax evasion, according to reports. Genoa police suspect the company has evaded tax to the value of over €150 million. Some reports put the figure
Ukraine has passed a draft bill that would impose VAT on foreign supply of digital services. VAT will be applied in cases where foreign companies supply digital services to customers in Ukraine. The digital services
Over 50% of British businesses filed their VAT returns late in 2020, according to a new report. According to the report, the rate of late VAT returns was 13% higher than the previous year. Failing
G7 finance ministers have reached an agreement on a global minimum corporate tax rate. The agreement aims to set the global rate to 15%. The policy would have significant implications for how global tech giants
The EU plans to offer a digital wallet that will allow residents to securely store payment details for online transactions. The digital wallet will allow EU residents to make payments on government websites and pay
Indonesia is considering tiered VAT rates, with different rates for different classes of product. Indonesian authorities are looking to increase revenues amid an economic downturn. Under the proposed system, luxury items would be subject to
Saudi Arabia is introducing mandatory e-invoicing from December 2021. Saudi businesses must have all the required processes in place by 4 December 2021. Businesses must prepare invoices in XML and clear these through the Saudi
Portugal is introducing a VAT discount programme to boost the tourism sector. Many countries’ tourism and hospitality sectors took a knock during the Covid pandemic. Portugal, where tourism comprises an important part of the economy,