Tax News Daily
The latest tax news from around the world, summarised and tagged for tax professionals. Updated twice daily.
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What is PDP, PPF and OD in France E-Invoicing?
This article explains the key components of France's e-invoicing framework, specifically the roles of PDP (Partenaire Dematerialisation Plateforme), PPF (Portail Public de Facturation), and OD (Operateur de Dematerialisation). As France mandates B2B e-invoicing, businesses must understand how these platforms interact: PDPs are certified private service providers, PPF is the government's free public portal, and ODs are dematerialization operators. The article clarifies how invoices flow between these entities, helping businesses choose the right compliance pathway ahead of France's phased e-invoicing rollout deadlines.
ITR Filing Gains Momentum as Over 1.7 Cr Returns Are Filed Ahead of July 31 Deadline
India's income tax return filing season is gaining momentum with over 1.7 crore (17 million) returns submitted ahead of the July 31 deadline for the assessment year. The surge reflects growing taxpayer compliance and the increasing adoption of the online ITR filing portal. Tax authorities and software providers are encouraging early filing to avoid last-minute congestion and penalties. The trend indicates improved awareness among individual taxpayers about filing obligations, with the government and tax professionals actively promoting timely submission to ensure smoother processing and faster refund issuance.
Tanzania – Increase of Digital Service Tax 2026
Tanzania is set to increase its Digital Service Tax (DST) rate effective July 2026. The change raises the tax burden on digital services provided in Tanzania, affecting foreign and domestic providers of electronic services, apps, and online platforms. This update is relevant for businesses supplying digital services to Tanzanian consumers, who will need to review their compliance obligations and pricing structures ahead of the new rate taking effect. Companies operating in the digital economy targeting the Tanzanian market should assess registration requirements and updated filing procedures under the revised DST framework.
More on NYC’s Pied-à-Terre Tax
The article discusses New York City's proposed pied-à-terre tax, which would impose a levy on non-primary residences owned by non-residents in NYC. This tax targets luxury second homes and investment properties held by wealthy individuals who do not use them as their primary residence. The pied-à-terre tax has been a recurring legislative proposal aimed at generating revenue from high-value properties while addressing housing affordability concerns. The piece likely examines the latest developments, legal or legislative updates, and the tax's potential fiscal and policy implications for the city.
Assessment in the Name of a Deceased Person Is a Nullity: ITAT Allows Legal Ground Even If Not Raised Before CIT(A)
India's Income Tax Appellate Tribunal (ITAT) has ruled that an assessment made in the name of a deceased person is a legal nullity, and this jurisdictional ground can be raised for the first time before the ITAT even if it was not argued before the Commissioner of Income Tax (Appeals). The tribunal affirmed that such fundamental legal defects go to the root of jurisdiction and cannot be waived by procedural omission. This ruling has significant implications for tax controversy proceedings in India, clarifying that invalid assessments against deceased taxpayers can be challenged at appellate stages regardless of earlier procedural history.
UAE Launches Pilot Phase of E-Invoicing System
The UAE has launched the pilot phase of its e-invoicing system, marking a significant step in the country's digital tax infrastructure development. The pilot allows selected businesses to test the e-invoicing framework before a broader mandatory rollout. The UAE's system follows a decentralized model, requiring businesses to issue structured electronic invoices through accredited service providers. This initiative aligns with the Federal Tax Authority's broader efforts to enhance VAT compliance, reduce tax gaps, and modernize the country's tax administration. Businesses operating in the UAE should prepare for eventual mandatory e-invoicing requirements.
Recovering VAT across Europe: why VAT recovery is more challenging than businesses expect
Recovering VAT across Europe presents significant challenges for businesses beyond what they typically anticipate. The process involves navigating varying rules across EU member states, strict deadlines, complex documentation requirements, and differing eligibility criteria for foreign claimants. Businesses often underestimate the administrative burden, language barriers, and the risk of claim rejection due to minor errors. The article highlights why professional assistance is increasingly valuable for cross-border VAT recovery, emphasizing that missed or failed claims can result in substantial irrecoverable costs. Companies operating internationally must proactively manage their VAT recovery processes to protect cash flow and compliance standing.
Tax Subsidies for R&D Expenditures in Europe, 2026
This article from the Tax Foundation examines tax subsidies for research and development (R&D) expenditures across European countries for 2026. It analyzes the generosity and structure of R&D tax incentives, including tax credits, enhanced deductions, and patent box regimes available to businesses investing in innovation. The piece provides comparative data on how different European nations incentivize R&D activity through their tax systems, highlighting variations in subsidy rates and eligibility criteria. Such incentives are critical for competitiveness and innovation policy across the continent, making this a key reference for businesses and policymakers evaluating R&D investment locations in Europe.
Has the Tax Shine Gone Off Sovereign Gold Bonds?
India's Sovereign Gold Bonds (SGBs) have historically offered attractive tax benefits, including capital gains tax exemption on redemption at maturity and indexation benefits on transfers. However, recent changes including the government's reduced issuance of new SGB tranches and revised capital gains tax rules introduced in the 2024 Union Budget — which altered holding periods and rates for various asset classes — have raised questions about whether SGBs retain their tax efficiency compared to alternatives like gold ETFs or physical gold, prompting investors to reassess their gold investment strategies from a tax planning perspective.
Delhi HC: GST Order Valid Even If Every Reply to SCN Is Not Discussed in Detail
The Delhi High Court has ruled that a GST order remains legally valid even if the adjudicating officer does not explicitly address every point raised in a taxpayer's reply to a Show Cause Notice (SCN). The court held that as long as the order demonstrates application of mind to the substantive issues, exhaustive point-by-point discussion is not mandatory. The judgment provides clarity on procedural standards in GST adjudication proceedings, offering guidance to both tax authorities and taxpayers on what constitutes a legally sufficient GST order in dispute resolution contexts.
The End of the Cost-Plus 5% Regime for Headquarters? OECD Consultation Paper on Value-Based Pricing of Intercompany Services
The OECD has released a consultation paper proposing a shift away from the traditional cost-plus 5% pricing method for intercompany headquarters services toward value-based pricing approaches. This represents a potentially significant change to how multinational enterprises price and charge for shared services and HQ functions between related entities. The proposal challenges the longstanding simplified cost-plus methodology that has been widely used for low-value-adding intragroup services under the OECD Transfer Pricing Guidelines, with implications for compliance costs, documentation requirements, and tax exposure for multinationals globally.
Global VAT Guide: July 2026
A global VAT guide covering regulatory updates and developments for July 2026, providing businesses and tax professionals with a comprehensive overview of VAT changes across multiple jurisdictions. The guide likely covers rate changes, compliance deadlines, legislative amendments, and administrative updates affecting VAT obligations internationally. Such monthly guides are essential resources for multinational businesses managing cross-border VAT compliance, helping them stay current with evolving VAT rules, filing requirements, and enforcement trends across different countries and regions.
Introducing the 2026 Hungary VAT Guide
A 2026 VAT guide for Hungary has been introduced, providing comprehensive guidance on Hungary's VAT framework. The guide covers key aspects of VAT compliance requirements for businesses operating in or trading with Hungary, reflecting updated regulations and thresholds applicable from 2026. It serves as a practical resource for companies navigating Hungarian VAT obligations, including registration requirements, filing procedures, and applicable rates. Hungary maintains one of the highest standard VAT rates in the EU at 27%, making compliance guidance particularly important for businesses with Hungarian VAT exposure.
TN Announces Virtual GST Hearings and Automated Refund Allocation for Taxpayers
Tamil Nadu has announced virtual GST hearings and an automated refund allocation system for taxpayers. The initiative aims to streamline the dispute resolution process and improve efficiency in handling GST refund claims. Virtual hearings reduce the need for physical appearances, making compliance more accessible for businesses and individuals. The automated refund allocation system is designed to expedite processing, minimize manual intervention, and reduce delays in disbursing legitimate refunds. These administrative reforms reflect India's broader push to digitize and modernize GST administration, improving taxpayer experience and reducing procedural bottlenecks within the state's tax enforcement framework.
86% know what ViDA is. Only 22% are ready for it.
A survey reveals a significant readiness gap among businesses regarding the EU's VAT in the Digital Age (ViDA) initiative: while 86% of respondents are aware of what ViDA entails, only 22% report being prepared for its requirements. ViDA introduces mandatory e-invoicing and real-time digital reporting obligations across EU member states, representing a major compliance transformation. The findings highlight that awareness alone is insufficient, with most businesses yet to implement the technical and operational changes needed. The gap underscores urgency for finance and tax teams to accelerate ViDA readiness strategies ahead of upcoming implementation deadlines.
Complying with Germany’s E-Invoicing Mandate Without an Expensive ERP
This article addresses how businesses can comply with Germany's mandatory B2B e-invoicing requirements without investing in costly ERP systems. Germany's e-invoicing mandate requires structured electronic invoices for domestic B2B transactions, phased in from 2025. The piece explores lightweight, cost-effective compliance solutions such as standalone e-invoicing software, cloud-based tools, and middleware platforms that can generate and receive compliant invoices in formats like XRechnung or ZUGFeRD. It is aimed at SMEs and smaller businesses that lack the resources for full ERP implementation but still need to meet regulatory deadlines.
Ireland: Permanent 9% VAT rate introduced for food, catering and hairdressing
Ireland has made its 9% reduced VAT rate permanent for food, catering, and hairdressing services. This rate, which had previously been applied on a temporary basis, will now be enshrined as a lasting measure. The decision provides certainty for businesses in the hospitality and personal care sectors, which had lobbied for a permanent reduction following its temporary introduction to support recovery post-pandemic. The standard Irish VAT rate remains at 23%. The permanent 9% rate is intended to support employment and affordability in these consumer-facing industries, offering ongoing relief compared to the higher standard rate.
France Confirms 10% Reduced VAT Rate for Intermediate Rental Housing in Consolidated Doctrine
France has formally confirmed in its consolidated tax doctrine that an intermediate rental housing scheme qualifies for the reduced 10% VAT rate. This clarification applies to housing developed under specific social and affordable housing programs targeting middle-income earners who fall above social housing thresholds but cannot afford market rents. The consolidated doctrine provides legal certainty for developers, landlords, and investors operating in this segment. The confirmation aligns with broader French housing policy objectives and ensures consistent VAT treatment across qualifying intermediate rental projects.
VAT at 1.1% on Foreclosed Collateral Sold by Creditors (PMK‑41/2023)
Indonesia's PMK-41/2023 regulation establishes a special VAT rate of 1.1% on foreclosed collateral assets sold by creditors, such as banks and financial institutions. When a debtor defaults and a creditor sells the seized collateral, the transaction is subject to this reduced VAT rate rather than the standard rate. The regulation aims to provide clarity and reduce the tax burden on distressed asset disposals within the financial sector, facilitating smoother resolution of non-performing loans and asset recovery processes in Indonesia's banking and lending industry.
HMRC Consults on Extending “Deemed Supplier” Rules to UK Online‑Marketplace Sellers
HMRC has launched a consultation on extending deemed supplier VAT rules to sellers using UK online marketplaces. Currently, deemed supplier rules make platforms liable to collect and remit VAT on behalf of overseas sellers. The proposed extension would broaden this to include certain UK-established sellers on these platforms. The consultation seeks industry views on scope, implementation challenges, and potential impacts on marketplace operators and sellers. The move aims to level the playing field, reduce VAT non-compliance, and ensure consistent tax collection across e-commerce channels.
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