Tax News Daily
The latest tax news from around the world, summarised and tagged for tax professionals. Updated twice daily.
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Statutory guidance: Reference Document for The Customs (Northern Ireland) (EU Exit) Regulations 2020
This statutory guidance provides the reference document for The Customs (Northern Ireland) (EU Exit) Regulations 2020, outlining the customs framework applicable to Northern Ireland following Brexit. It covers the specific customs rules and procedures governing the movement of goods between Northern Ireland, Great Britain, and the EU, reflecting Northern Ireland's unique position under the Windsor Framework. The document serves as an authoritative guide for traders and businesses navigating the dual customs arrangements that apply in Northern Ireland, including tariff treatments and regulatory compliance requirements for cross-border trade.
VATupdate Newsletter Week 27 2026
The VATupdate Newsletter for Week 27 of 2026 compiles the latest VAT and GST developments from around the world. These weekly newsletters typically aggregate regulatory updates, court decisions, legislative changes, and administrative guidance across multiple jurisdictions, serving as a comprehensive resource for indirect tax professionals. The publication covers evolving VAT/GST rules, e-invoicing mandates, and related compliance requirements globally, making it a key reference for staying current on indirect tax changes affecting businesses operating across borders.
Surat ITAT: Delay in Filing Form 10B Not a Valid Ground to Deny Section 11/12 Exemption
The Surat Income Tax Appellate Tribunal (ITAT) ruled that a delay in filing Form 10B cannot be used as a valid ground to deny tax exemptions under Sections 11 and 12 of the Income Tax Act, which relate to exemptions for charitable and religious trusts in India. The tribunal emphasized that procedural delays in submitting audit reports should not override substantive eligibility for exemptions, providing relief to qualifying entities. This decision reinforces a taxpayer-friendly interpretation of compliance requirements, distinguishing between procedural lapses and substantive non-compliance in the context of charitable organization tax benefits.
COMARCH webinar: Decoding Slovakia’s E-Invoicing: How the 5-Corner Architecture Impacts Your Corporate Systems Before ViDA (July 20)
A Comarch-hosted webinar scheduled for July 20 focuses on Slovakia's upcoming e-invoicing mandate, specifically examining the 5-corner architecture model and its implications for corporate IT and ERP systems ahead of the EU's ViDA (VAT in the Digital Age) framework. The session is designed to help businesses understand technical integration requirements and compliance timelines. It highlights how Slovakia's e-invoicing framework aligns with broader EU digital VAT reporting initiatives, offering practical guidance for companies needing to adapt their systems before the ViDA rollout.
FTO vows to tackle tax maladministration
Pakistan's Federal Tax Ombudsman (FTO) has pledged to address tax maladministration, signaling a renewed commitment to resolving taxpayer grievances and improving the integrity of the country's tax administration. The FTO's mandate focuses on identifying systemic issues within tax authorities, ensuring fair treatment of taxpayers, and reducing instances of corruption or procedural failures. This initiative is part of broader efforts to strengthen Pakistan's tax governance framework and improve compliance by building taxpayer trust in the Federal Board of Revenue and related institutions.
The New York Pied-à-Terre Tax: What You Should Know
New York's proposed pied-à-terre tax targets non-primary residential properties owned by non-residents, particularly high-value secondary homes in New York City. The tax aims to generate revenue from wealthy out-of-state and foreign owners who maintain luxury properties in the city without contributing to local income tax bases. The article examines the structure of the proposed levy, its rate tiers based on property value, constitutional and legal considerations, and potential revenue implications. It also explores comparisons with similar taxes in other jurisdictions and the political dynamics surrounding its passage in the New York legislature.
Stamp Taxes on Shares Manual
HMRC's Stamp Taxes on Shares Manual provides official guidance on the application of UK stamp duty and stamp duty reserve tax (SDRT) on share transactions. It covers the rules governing when these taxes apply, how they are calculated, and the obligations of parties involved in share transfers and agreements to transfer shares. The manual serves as a reference for practitioners and taxpayers navigating UK stamp tax compliance on equity transactions, including exemptions, reliefs, and procedural requirements for submitting returns and paying stamp taxes on chargeable instruments.
Swedish Anti-VAT Fraud Legislation Now in Force
Sweden has enacted new anti-VAT fraud legislation that has now come into force. The legislation aims to combat VAT fraud through strengthened legal measures targeting fraudulent schemes within the Swedish VAT system. This represents a significant enforcement development for businesses operating in Sweden, tightening compliance requirements and increasing penalties or investigative powers related to VAT fraud. Companies doing business in Sweden should review their VAT compliance frameworks to ensure alignment with the updated legal framework and understand the implications for their VAT reporting and recovery processes.
Romania e-Invoicing 2026: New B2C e-Factura Reporting Rules Explained
Romania is introducing new B2C e-Invoicing reporting requirements under its e-Factura system in 2026. The update extends the existing mandatory electronic invoicing framework—previously focused on B2B transactions—to business-to-consumer sales, requiring businesses to report consumer invoices through the national RO e-Factura platform. Companies operating in Romania must adapt their invoicing systems and processes to comply with the expanded mandate. The article outlines key deadlines, scope of applicability, and technical requirements businesses need to understand to ensure compliance with Romanian tax authority regulations ahead of the 2026 implementation date.
Madras HC Grants 30 Days to Reply in GST Sec. 74 Case Over Missing Job Work Return Records
The Madras High Court has granted a 30-day period for a taxpayer to respond in a GST case under Section 74, which deals with tax not paid or short paid due to fraud or wilful misstatement. The dispute centres on missing job work return records, a common compliance requirement under India's GST framework where goods sent for job work must be tracked and returns filed. The court's intervention provides temporary relief, allowing the taxpayer time to compile documentation and present their case before tax authorities proceed further with the demand and penalty proceedings.
Case Study: VAT Backdating Czech Republic After Amazon FBA Storage in Poland and CZ
This case study examines VAT backdating obligations in the Czech Republic for sellers using Amazon FBA (Fulfilled by Amazon) with storage facilities in Poland and Czech Republic. When Amazon stores inventory in these countries, sellers trigger VAT registration requirements from the date goods first entered storage, not from when they became aware of the obligation. The article explores the retroactive VAT registration process in Czech Republic, associated penalties, and compliance steps sellers must take to rectify their position, highlighting the cross-border VAT complexity facing e-commerce merchants using Amazon's pan-European fulfillment network.
France E-Invoicing 2026 Compliance Guide — Platform Model, Scope, and Implementation Requirements
France's e-invoicing mandate for 2026 requires businesses to comply with a platform-based model for electronic invoicing. The compliance guide covers the Platform Model (Plateforme de Dématérialisation Partenaire), scope of businesses affected, and implementation requirements. France's mandate involves both e-invoicing for domestic B2B transactions and e-reporting for cross-border and B2C transactions. Businesses must register with a certified partner dematerialization platform or the public portal Chorus Pro. The guide addresses timelines, technical specifications, and compliance obligations for companies operating in France ahead of the staged rollout.
Moldova Proposes Major VAT Reforms — Broadening Tax Base and Aligning with EU VAT Framework
Moldova is proposing significant VAT reforms aimed at broadening the tax base and aligning its VAT framework with European Union VAT rules. The proposed changes reflect Moldova's ongoing EU accession aspirations and efforts to harmonize its indirect tax legislation with the EU VAT Directive. Key reforms include expanding taxable supplies, revising exemptions, and updating registration thresholds. These changes would have material implications for businesses operating in or trading with Moldova, requiring reassessment of VAT positions, compliance processes, and supply chain structures as the country moves closer to EU regulatory standards.
Tracing the Development of VAT Refund Rules — Continuous Reform of VAT Recovery Systems
This article traces the historical development and ongoing reform of VAT refund and recovery rules across jurisdictions. It examines how VAT refund mechanisms have evolved over time, including changes to input tax recovery systems, refund procedures, and the policy rationale behind continuous legislative amendments. The piece provides a comparative and analytical perspective on how governments have adjusted VAT recovery frameworks to balance revenue protection with business cash flow considerations. It is relevant for tax professionals seeking to understand the structural and policy drivers behind VAT refund reform internationally.
2026 Ireland VAT Guide — Rates, Registration Rules, and Compliance Framework
This 2026 VAT guide for Ireland provides a comprehensive overview of Irish VAT rates, registration thresholds, and the compliance framework applicable to businesses. It covers the standard, reduced, and zero VAT rates, the rules for mandatory and voluntary VAT registration, filing and payment obligations, and key compliance requirements under Irish Revenue rules. The guide is a practical reference for domestic and foreign businesses operating in Ireland, addressing intra-EU transactions, reverse charge mechanisms, and updates relevant to post-Brexit trading arrangements affecting goods and services flows involving Ireland.
Use Tax vs. Sales Tax — Core Differences and Compliance Implications for Businesses
This article examines the core distinctions between use tax and sales tax in the United States, explaining how use tax applies when sales tax is not collected at point of purchase, particularly for out-of-state or online transactions. It outlines compliance implications for businesses, including nexus considerations, self-assessment obligations, and audit exposure. The piece highlights how businesses purchasing goods or services from vendors who do not collect sales tax must track and remit use tax directly to state authorities, making robust internal tracking systems essential for compliance and risk management.
OECD Amendments to Digital Platform Reporting Rules — Reduced Thresholds and Clarified Scope for Platform Operators
The OECD has introduced amendments to its digital platform reporting rules, reducing reporting thresholds and clarifying the scope of obligations for platform operators. These changes affect platforms facilitating services such as accommodation, transport, and gig economy work, requiring them to collect and report seller data to tax authorities. The reduced thresholds mean more transactions and sellers will fall within scope, increasing compliance burdens on operators globally. The clarified rules aim to improve cross-border tax transparency and close gaps that allowed lower-value transactions to go unreported under the original DAC7-aligned framework.
Portugal Approves Amendment to VAT on Urban Rehabilitation — Clarification of Reduced Rate Conditions
Portugal has approved a legislative amendment clarifying the conditions under which the reduced VAT rate applies to urban rehabilitation works. The amendment addresses ambiguities in qualifying criteria, specifying which renovation and restoration activities on older urban buildings are eligible for the reduced rate rather than the standard VAT rate. This clarification is significant for property developers, contractors, and municipalities involved in urban regeneration projects. The change aims to provide greater legal certainty and ensure consistent application of the reduced rate across qualifying rehabilitation activities throughout Portugal.
Balance on the Special VAT Account — Functioning of the Belgian VAT Recovery and Enforcement Mechanism
This article explains the functioning of Belgium's special VAT account, a mechanism used by tax authorities to manage VAT credits, refunds, and enforcement actions against taxpayers. It details how balances on the account are maintained, how excess credits can be recovered or offset against outstanding liabilities, and the procedural rules governing disputes. The piece highlights the enforcement powers available to Belgian tax authorities when taxpayers have negative balances, as well as taxpayer rights in challenging account adjustments, providing practical guidance for businesses operating in Belgium.
Brazil Tax Reform Moves to Mandatory Phase — CBS and IBS Become Operational in E-Invoicing
Brazil's sweeping tax reform has entered a mandatory operational phase, with the new Contribuição sobre Bens e Serviços (CBS) and Imposto sobre Bens e Serviços (IBS) now integrated into the country's e-invoicing infrastructure. Businesses must now issue electronic invoices reflecting the new consumption taxes, marking a significant milestone in replacing the fragmented legacy indirect tax system. This transition requires companies to update their ERP and billing systems to accommodate the dual tax structure. The reform aims to simplify Brazil's notoriously complex indirect tax landscape and improve compliance through real-time digital reporting.
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