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
Egypt’s tax authorities say that food sold online is now subject to VAT. Restaurant food deliveries are themselves also subject to VAT, the head of Egypt’s tax service said. Any food business selling online is obliged to register for VAT
The UK hospitality sector VAT rate will increase on 1 October 2021. Currently, the VAT rate on food, accommodation and admission to certain events is set at a reduced rate of 5%. However, while the rate will increase at the
Businesses registered for VAT in Norway need to ensure they have appropriate digital processes in place before the new year begins. Norway is replacing manual VAT returns with electronic VAT returns from 1 January 2022. Businesses will manage Norway’s new
Israel’s government has published a proposal to introduce digital services VAT. The new VAT would apply to foreign businesses that supply online services to customers in Israel. The proposal is part of a broader memorandum detailing numerous policy proposals issued
Vatglobal’s smart VAT compliance technology automatically error-checks your supporting documentation and eliminates the human error that’s all but inevitable in manual VAT processing. It’s not just more efficient. As the UAE’s new VAT penalties demonstrate, errors on your VAT submission
Bolivia is proceeding with mandatory e-invoicing for certain businesses. The country’s authorities had halted their plan to introduce e-invoicing due to the disruption of the Covid pandemic. At the time, Bolivia’s tax authority did specify a date at which e-invoicing
Ditch the VAT on exercise services to improve people’s health and save lives. That was our recent clarion call, when we examined how VAT could be a powerful tool in improving public outcomes. It seems like more people are starting
New Zealand’s tax authorities are looking to collect transaction data at a much larger scale. Inland Revenue already collects datasets on transactions facilitated by payment providers. However, as electronic payments are now the main way businesses make sales, authorities say
Canada has launched consultations on border carbon adjustments, exploring carbon taxes on imported goods. The prospect of applying carbon taxes to goods produced outside of Canada raises two interesting themes. Firstly, the move is further evidence that lawmakers are increasing