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Government bodies in Australia must now use automated e-invoicing software to send and receive e-invoices in the Peppol format – and it seems that businesses could soon be mandated to do so too. Following the introduction of legislation that requires public administrations to use e-invoicing
This month has seen hundreds of new changes made to VAT regimes across the world. Here is our round-up of 10 of the most notable updates: 1) Bulgaria The threshold for registering for VAT in Bulgaria is being increased. The National Assembly has confirmed the
VAT has emerged as one of the major tools at the disposal of the European Union (EU) as it looks to tackle the rising cost of living crisis across the continent. With so many rate changes confirmed or reportedly under consideration, we’re asking tax professionals
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E-invoicing is rapidly becoming the norm in many of the world’s major countries, from the European Union to Asia, Africa and the Americas. While some nations have already adopted e-invoicing for all or some of B2B, B2G and B2C transactions, many more have announced they
As the price of fuel increases across the world and inflation surges in many countries, tax authorities are responding by leveraging VAT to minimise the economic damage. Here’s a quick roundup of 15 tax snippets we’ve spotted so far this month: 1) Tanzania Tanzania could
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It’s been another busy month in the tax world, full of rate changes, new legislation and VAT exemptions. Check out the 10 snippets we’ve picked out as ones you can’t afford to miss in May: 1) Bulgaria A temporary VAT break on heating and bread
