The European Commission wants to enact regulations that end cryptocurrency anonymity and make transfers of cryptoassets more traceable by authorities. Proposed legislation would require companies that facilitate the transfer of cryptocurrencies, such as Bitcoin or
Malaysia’s tax authorities have extended the deadline for taxpayers who cannot meet their SST payment obligations. The extension applies to taxpayers unable to meet their SST obligations for the taxable period April 2021 to May
Major international businesses failed to submit their VAT returns on time to Bangladesh tax authorities, owing to the complexities of VAT compliance. According to local reports, two tech giants, Amazon and Google, were among the
Can VAT cuts influence people to act in more environmentally friendly ways? Some influential UK lawmakers think so, suggesting that VAT incentives will lead to greener outcomes. However, not everyone is so certain. UK Treasury
Russia has enacted a law requiring digital telecommunications companies to open local offices. Under the new law, online networks that have an audience exceeding 500 000 users daily must open a branch in Russia, or
Greece has permanently cut the VAT rate on five islands by 30%. The VAT reduction applies to the Aegean islands of Chios, Kos, Leros, Lesbos and Samos. As of 1 July 2021, a permanently lowered
The government of Canada has issued up-to-date guidance on when to register for GST/HST. According to current regulations, you need to register and account for GST/HST if you make taxable sales (or other relevant supplies)
HMRC has issued guidance on registering for the One Stop Shop (OSS) if you sell goods from Northern Ireland. Businesses that sell goods from Northern Ireland, and want to take advantage of the OSS, must
Oman’s tax authority has received its first digital VAT returns, since implementing VAT earlier this year. Oman introduced VAT on 16 April 2021. “The Tax Authority stresses the importance of submitting VAT returns on time
Swiss voters have rejected a proposed “CO2 tax” that would increase taxation on fuel and flights. Switzerland’s Environment Minister Simonetta Sommaruga insisted that alternative policies would need to be devised. “”Climate change is still urgent,