Author: Peter Nicholson

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

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

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

In a strategic move to cushion the effects of its upcoming VAT increase, Indonesia has announced a comprehensive economic policy package aimed at supporting businesses and protecting vulnerable sectors of the population. The initiative, disclosed by senior government officials, seeks to balance revenue generation with

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

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

Though close in geography, the Channel Islands of Jersey and Guernsey are charting different courses when it comes to addressing fiscal sustainability. While Jersey has relied on its Goods and Services Tax (GST) for over a decade to bolster public finances, Guernsey deliberates whether adopting

Following the Republican Party’s victory in the 2024 election and President Donald Trump’s re-election, tax reform is again at the forefront of the administration’s agenda. The new term brings a renewed focus on stimulating economic growth and reducing the tax burden on individuals and businesses.

Here is our quickfire round-up of 10 of the headlines you need to know from November so far: Germany Germany's Bundestag has enacted the Annual Tax Act 2024, introducing several VAT changes effective from January 1, 2025. Updates include new invoice requirements for businesses taxed