Ireland’s proposed 2022 budget was announced in October 2021. The budget contains a number of VAT measures. Notably, the government will extend Ireland’s reduced 9% VAT rate for the hospitality sector until 31 August 2022. Ireland initially introduced the hospitality
South Africa’s National Treasury released a memorandum on a domestic VAT reverse charge for valuable metals. Government is proposing the VAT reverse charge regulations in response to ongoing VAT fraud in the precious metal industry, notably the supply of Kruggerands
A large number of taxpayers received incorrect charges or even fines in the Netherlands recently. State Secretary for Finance Hans Vijlbrief revealed that the problem was caused by a technical error due to the high rate of VAT submissions. According
The UK has delayed the invoicing deadline for its new Plastic Packaging Tax. In terms of the original guidance, applicable manufacturers or importers must include a statement with their invoice showing they have paid the Plastic Packaging Tax. The original
Egypt’s content creators need to start paying their fair share of VAT. That’s the word from the head of the Egyptian Tax Authority, who says YouTubers and bloggers need to register for VAT if they exceed the applicable revenue threshold.
The Philippines House of Representatives approved a bill imposing VAT on nonresident digital services companies. Philippines’ new digital services VAT will be set at 12%. The new VAT applies to streaming services, as well as other transactions that take place
Oman’s tax authority has warned taxpayers to submit their VAT returns on time – or face a penalty. “Tax Authority would like to draw the attention of the taxpayers who have not submitted the VAT return for the tax period
Imposing VAT on nonresident suppliers of digital services could raise revenue of between 0.04% and 0.11% of GDP in certain Asian countries. That’s the finding of a new IMF report, “Digitalization and Taxation in Asia”. According to the IMF, that
Policymakers in Europe are holding off from increasing VAT rates amid inflationary pressure from high energy prices. Greece and Spain are introducing targeted measures to mitigate rising electricity costs. Greece: lower VAT on tourism Greece’s Prime Minister Kyriakos Mitsotakis announced
Israel is extending the deadline for VAT returns due in September. Taxpayers submitting bimonthly July-August returns, or monthly August returns, would normally have to submit their VAT returns in September. The Israel Tax Authority has extended the deadline until 5