Businesses importing goods into Turkey will no longer be able to deduct import VAT in certain circumstances following a new presidential decree. The decree was published in the Official Gazette and states that deductions made under some trade policy measures are no longer valid. It

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 2023. From rate changes to regulatory revolution – not to mention a number of bizarre rulings – it’s

The UK’s European Scrutiny Committee (ESC) has responded to the European Union’s (EU’s) proposed reform of the import One Stop Shop (iOSS), highlighting the possibility that GB businesses selling in the bloc could be affected. In May 2023, details of a potential expansion of the

With 2024 only 41 days away, we’re taking a look at some of the indirect tax rate changes due to come into effect on 1st January. These rate changes have all been confirmed or approved in parliament and must be applied on all transactions from

The digitalisation of tax has been identified as the driving force behind a 38% reduction of the VAT gap across the European Union (EU). New data from the European Commission reveals member states recorded around €61 billion in lost VAT revenues in 2021 – down

A major overhaul of Brazil’s taxation system has been approved by the country’s Senate in a move that will see five existing taxes replaced with two new indirect taxes and a significant simplification of its tax code. In an historic vote last Wednesday (8th November),

Political sign-off for the new VAT in the Digital Age (ViDA) reforms will not take place this year, meaning a delay to at least one of the three pillars that form the proposal. With the European Commission yet to find a resolution to negotiations over

As we enter the final quarter of 2023, many tax authorities continue to impose new rates and rules on a range of goods and services. Meanwhile, many more announcements are being made regarding changes due to be implemented in the new year. Here’s our latest