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

The European Union (EU) has reached a significant milestone with the adoption of the VAT in the Digital Age (ViDA) reform package, marking a decisive shift in the way VAT will be applied across the bloc. At an ECOFIN meeting last week, EU finance ministers

Here is our quickfire round-up of 10 of the headlines you need to know from October so far: Chile The Chilean Congress has passed a new tax reform package to modernise its tax system. The changes include revisions to VAT regulations, which may affect businesses

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New Year’s Day is typically one of the busiest days of the year for rate changes and 2025 is shaping up to be no different. Here’s our quick round-up of 10 VAT rate changes already pencilled in for 1st January: Indonesia Indonesia’s VAT rate is

Greece is emerging as a leader in combating VAT fraud through innovative digital solutions like electronic reporting, e-invoicing, and the promotion of electronic transactions. These methods are proving highly effective in reducing VAT fraud and reducing the country’s previously substantial VAT gap; offering a blueprint