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Author: Peter Nicholson

5 ways AI is set to revolutionise the tax industry

Rapid advancements in Artificial Intelligence (AI) are reshaping industries worldwide, and tax compliance is no exception. AI’s immense potential in addressing some of the most persistent challenges in indirect tax compliance cannot be overstated. Indeed, AI is emerging as a key tool in streamlining operations

Guinea-Bissau’s transition to VAT reform

Guinea-Bissau implemented a Value Added Tax (VAT) system on January 1, 2025, marking a significant shift in its taxation framework. This move aims to enhance tax revenue collection, promote tax justice, and ensure legal compliance, aligning the country with the harmonised model established by the

January 2025 Tax Headlines: Global VAT News

Here is our round-up of all the newest tax snippets from January 2025 – featuring news of rate changes, regulatory updates and reclassifications across the world. Algeria A temporary cut to VAT on tourism services from 19% to the reduced rate of 9% has been

EU VAT gap in 2022 rises to €89 billion

The European Union (EU) VAT Gap, a key measure of the difference between expected VAT revenue and the amount actually collected, reached €89 billion in 2022. This marks an increase from the 2021 figure of €76 billion, reflecting ongoing challenges in VAT compliance across the

December 2024 Tax Headlines: Global VAT News

Here is our round-up of all the hottest tax snippets from December 2024 – featuring news of rate changes, regulatory updates and reclassifications. Bulgaria Bulgaria’s Parliament is reviewing a proposal to increase the VAT registration threshold. This is scheduled to take effect from 1 January

Innovate Tax’s 2024 Big VAT Quiz of the Year

Welcome to our Big VAT Quiz of the Year; your chance to test your knowledge of all the news and updates from the indirect tax industry in 2024. From rate changes to regulatory revolution – not to mention a number of bizarre rulings – it’s

25 VAT rate and regulation changes set to land in 2025

Here is our round-up of 25 of the VAT headline changes you need to know for next year: Germany: Effective January 1, 2025, Germany will reduce the VAT rate on art sales to 7%, covering items such as paintings, sculptures, and photography purchased from galleries