EU Parliament pushes for new taxes
Type: Legislation Proposal In order to fund the €800 million post-pandemic economic recovery and green and digital transformation plans for the EU, the European Parliament has supported a report calling […]
Impact of EU “VAT in the Digital Age” proposals on UK/non-EU organizations
Type: Legislation The European Commission’s “VAT in the Digital Age package” (ViDA), which was announced on December 8, 2022, aims to modernize EU VAT regulations further and change how firms […]
IRB Announces Phased Implementation Timeline for e-Invoicing in Malaysia
Type: Regulation As per the presentation held by the Inland Revenue Board (IRB) in March 2023, a phased timeline for the implementation of e-Invoicing has been introduced. The IRB plans […]
VAT Committee concludes NFTs should be treated as taxable electronic services
Type: Review The European Commission’s VAT Committee recently released a review discussing the VAT implications for NFTs within the EU. The report aims to provide clarification on the rapidly evolving […]
E-invoicing directive: key legislation and regulation changes
Type: Legislation and Regulation Mandatory e-invoicing will be required for all intra-community supplies, adhering to the European e-invoicing standard (EN 16931), utilizing structured formats like XML, UBL, and PDF/A3. Additional […]
VAT Digitization in Europe and the Role of Tax Technology
Type: Legislation Governments are digitizing indirect tax collection across Europe, including value-added tax. Their objective is to improve public authorities’ visibility into transactions and collect more revenue by correcting persistent […]
