As the new tax year dawns, a number of countries have made changes to VAT and GST rates, rules and regulations. Here’s our quick guide to the top 10 updates announced so far this month: 1) Belgium Belgium’s reduced rate of VAT (6%) will apply

From Turkey to Thailand and Singapore to South Korea, there has been a raft of new rates and rules announced by countries around the world in March. Take a look at the updates below – and remember to share them with your team. 1) Singapore

E-invoicing will become mandatory in Vietnam on 1st July this year, ending a decade-long scheme by the country’s government to find a solution to reduce VAT fraud. The introduction of compulsory e-invoicing was originally scheduled for July 2020 but was postponed. In October 2020, it

The value of customs duties paid by UK businesses increased by 64% to £4.5 billion in the 12 months to 31st January, revealing the full impact of post-Brexit rules on trade for the first time. One year on from the UK’s departure from the EU’s

Ireland could become the next country to adopt mandatory digital tax reporting and e-invoicing for businesses. According to reports, the steps are being considered as part of a comprehensive modernisation of the country’s VAT system. B2B Issuing invoices in electronic format is not currently compulsory

From rate changes to new digital taxes, it’s already been a busy start to the month in VAT terms. Take a look at our quickfire round-up of 10 snippets of news from around the world and share them with your tax team. 1) Lithuania The