New Zealand - GST invoicing changes from 1 April 2023
During 2022, GST-registered businesses in New Zealand experienced several changes concerning invoicing and recordkeeping requirements. However,
New VAT treatment for virtual events
New place of supply rules have been clarified for interactive virtual events. In essence, these changes apply to all interactive virtual events or
UK businesses prepare for new penalty regime in 2023
Penalties and late fees for VAT submissions and payments aren’t anything new. However, as of 1 January 2023, HMRC will introduce a new penalty
Registration threshold increase for the Czech Republic
The Minister of Finance of the Czech Republic has proposed an amendment to the VAT Act, which included significant changes that affect the VAT
Uber settles £615m in outstanding VAT
Settling a £615m bill in back tax may seem excessive. However, due to a lack of proper VAT treatment and recent court rulings, that's exactly how
Singapore breaks 15-year GST rate consistency
In Singapore's 2022 Budget, the Minister of Finance confirmed that the tax on goods and services (GST) will increase starting 1 January 2023. This
Mandatory B2B e-invoicing approved in Spain
Spain has formally approved mandatory B2B e-invoicing for all businesses. The e-invoicing mandate will come into full effect by July 2024 for large
The Final Verdict: EU VAT Treatment of Fuel Cards
On October 21, 2022, the EU Commission Servicesreached new conclusions regarding the VAT treatment of fuel cards. This discussion was prompted after
EU VAT Cuts on Fuel and Energy to Combat Inflation Rate
Germany, Spain and The Netherlands are experiencing a significant decrease in VAT rates on energy and fuel costs, and all the more EU member states