Money
Does wealth make you happy? Or rather, how much money do you need to feel happy?
The question may pop-up around this time of the year, as in December there are always lots of year-end lotteries, tombolas and charities where you can buy a ticket to win that huge mega-prize that allows you to never have to work again.
How much money do you need? Find out on the website HERE
The idea that ‘money can’t buy you happiness’ has prevailed for over a decade. Studies showed that earning above what we needed to cover our basic needs and keep us ‘comfortable’ was futile and could even make us less happy. But sadly, those days are gone. Social scientists have now removed any rose-tinted spectacles to agree a new motto: the more the merrier.
In a scientific study from 2020, researchers determined that there is an amount of money that you would need to be happy. That amount is: GBP 33,864 or more. And it’s the ‘more’ part that’s key: the more money we have, the happier we are!
It makes sense that people that earn or have more money, tend to be in better health, and better health has an impact on happiness. Rich people who spend their money on buying more free time and investing in experiences rather than ‘stuff’ can also boost their happiness.
Of course, happiness also comes from relationships, job satisfaction and just enjoying life. But money in the bank gives us greater options in many of these categories.
The study was done in the United Kingdom, so the amount may differ for the country where you live. And it depends fully on the things you can do with it, as healthcare, day-care for children, and many other arrangements are organised differently in every country.
We just know that we wouldn’t stop making this website, no matter how much money we would win in the lottery this year. Because what makes us happy, is VAT!
If you have any comments, questions, or ideas that you want to share with us, please send us an email at [email protected] or leave a comment under the posts of this newsletter on LinkedIn.
To go to the specific region of your interest, follow the link below.
WORLD
- Job opportunities in Ireland. the Netherlands and United States
- Job opportunities in United Arab Emirates, United Kingdom and United States
- Job opportunities in Hungary, Italy and Switzerland
- Job opportunities in India, Sweden and the United Kingdom
- What the metaverse could mean for VAT professionals
- METAVAT… and other VERSE stories
- Global VAT rate changes – This was in the news Dec 1 -15, 2022
- Enhance your data. Overcome indirect tax challenges
- Global Tax Policy and Controversy Watch | December 2022 edition
- Five Common Invoicing Mistakes Your Digital Company Is (Probably) Making
- Global standard VAT rate changes per Jan 1, 2023
- Looking back at trade in 2022
- Why Validating Tax Numbers Is So Difficult, And How to Make It Easier
- EY Global Tradewatch – Issue 3/2022
- OECD releases corporate tax statistics and the 2022 revenue statistics and consumption tax trends
WEBINARS / EVENTS
- Vertex On Demand Webinar: VAT Reporting and SAF-T
- Sovos Webinar: OSS Snapshot: Spotlighting the VAT in the Digital Age Announcement (Jan 17, 2023)
- Webinar: VAT in the Digital Age: What’s next for the EU tax agenda?
- Pagero On Demand Webinar: E-invoicing in Japan: developments, impacts and everything you need to know now
- Madrid VAT Forum 2023 – 9th February 2023 (online event)
- Webinar: The Evolution of Tax in the Digital Age
- E-Invoicing Exchange Summit Middle East & Africa (Feb 21-22, 2023)
AFRICA
- Egypt Extends Final Deadline for Individual Entities to Register for E-Invoicing
- MOF provides guidance about descriptions of goods and services exempt from VAT
- Egyptian Tax Authority to Require Operators to Issue Electronic Invoices
- Ghana reaches $3B IMF deal to battle economic crisis
- Completely Scrap Vat on Sale of Mobile Phones, Accessories – MPADA
- Greater Transparency Needed from Nigerian Government on Extending VAT
- Telecoms MTN; Airtel; and all money deposit banks appointed withhold or collect VAT
AMERICAS
- Public consultation on imposition of VAT on purchase and sale of certain products
- List of cross-border providers of digital services
- US e-invoicing pilot extended into 2023
- Does Connecticut Charge Sales Tax on Services?
- Virginia: Reminder Issued on Reduced Tax Rate on Groceries
- Washington DOR Addresses Potential Refunds for Use of Proportional Attribution in Calculating Receipts Factor
- Washington DOR Adopts Rule on Sourcing Retail Sales for B&O and Sales/Use Tax Purposes
- Missouri DOR Addresses Implementation of Remote Seller and Marketplace…
- California: Certain Cannabis Retailers May Apply to Retain Vendor Compensation
- California: Taxpayers Reminded of Partial Exemption for Zero Emission Vehicles
- Georgia and South Carolina Provide Guidance Regarding Sales Tax on “Fees”
- New York Rules that Employment Screening Services are Exempt from Sales Tax
- Sales Tax Trends for 2023
- Multi-State Tax Commission Tackles Uniform Digital Sales Tax Rules
- Drop shipments subject to sales tax, FAQs on economic nexus law (Missouri)
- Electric charging station subject to sales tax (Louisiana)
- Franchise fees subject to sales and use tax (California)
- Iowa Exempts Diapers and Feminine Hygiene Products from Sales and Use Tax
- Kansas Phase Out of Sales Tax on Groceries Set to Begin January 1st
- Iowa: Adopted Rule Incorporates DOR Interpretations on Taxation of Digital-Based Services
ASIA-PACIFIC
- GST: ATO reports outcomes of assurance reviews for Top 100 and Top 1000 taxpayers
- 5 Major Developments in Australia
- EU’s Carbon Border Adjustment – impact on Australian businesses
- Proposals of 48th GST Council Meeting with Tangles
- 48th GST Council Meeting: Measures for facilitation of trade
- GST Council recommends not to impose GST on incentives paid to Banks under the…
- GST Council Proposes Changes in GSTR-1 for Supplies Made through E-Commerce Portals
- Decriminalization of GST Offences: GST Council Recommends Changes
- 48th GST Council Meeting: Measures for streamlining compliances in GST
- Press release – 48th Meeting of the GST Council, 17th December, 2022
- GST Not Applicable on Renting of Residential Property to Registered Person in Own Capacity for Personal Use
- No GST on Reimbursement of Expenses incurred by Employees on behalf of Company
- A Complete Guide to VAT In Tamil Nadu
- GST Council Proposes Changes in GSTR-1 for Supplies Made through E-Commerce Portals
- High Court Allows Refund of GST Paid on Notice Pay Recovered from Employees
- Demerger – GST Implications
- Taxation On Online Gaming – A Taxation Perspective
- 48th GST Council Meeting: Expectations
- CBIC removes Kakrawah from Land Customs Stations appointed for Clearance Purposes
- Reassessment based on subsequent Customs Duty Revision Notification Invalid
- Non issuance of GST Refund due to Portal Issues: Gujarat HC suggest Grievance Redressal Mechanism in absence of Tribunal
- Cancellation of Registration for belated filing of GSTR-1 & GSTR-3B set aside by Madras HC in…
- Works Contract under GST
- Rejection of GST Refund Claim without Notice Upload in Portal: Bombay HC remands ITC Matter
- GST Chennai Introduces WhatsApp, E-mail Communication Facility for Facilitation for Traders
- GST: Interest on differential output liability declared in subsequent months
- DGFT Extends RoDTEP Scheme to Chemicals, Pharmaceuticals and Articles of Iron & Steel
- How to Prepare GST Annual Return from Table 4 to Table 19
- GST Annual Return Changes for F.Y. 2021-2022
- Headache of HSN Code for GST taxpayers in GSTR-9 for FY 21-22
- GST Portal Facilitates Dropping of Proceedings for suspension of GST Registration
- Malaysia Gazettes Order Amending Sales Tax Exemption Rules for Registered Manufacturers
- Malaysia Sales Tax on low-value B2C imported goods delay to March 2023
- Postponed implementation of sales tax on “low value goods”; sales tax exemption on pallets
- Malaysian United Democratic Alliance (Muda): Government should reconsider GST
- Notice about VAT registration thresholds
- Notice: Registration Threshold decreased, and exemption of condominium residential accommodation terminated
- Thailand offers ‘VAT Refund’ for tourists
- Royal Decree No. 759 – Exemption of data center businesses from VAT
EUROPE
- Withholding VAT in the EAEU countries for online commerce changed
- VAT trends 2023 in Europe
- Looking back @2022 #1: Changes in late payment interest and penalties in 2022 (EU/UK)
- Court of Justice gives strict interpretation to VAT invoice requirements in simplified ABC transaction (C-247/21)
- ECJ C-676/22 (B2 Energy) – Questions – Proof of recipient of the goods to apply Exemption for Intra-Community supplies
- Flashback on ECJ Cases – C-270/09 (MacDonald Resorts) – Sale of contractual rights that can be converted into rights of temporary use of holiday accommodation
- Comments on ECJ C-378/21: Overdeclared output tax on B2C supplies – payment of VAT on invoices and invoice correction – taxpayer win
- Comments on ECJ C-247/21: Triangulation – incorrect invoice and retrospective correction – taxpayer…
- Comments on ECJ C-378/21: Request a refund of overcharged VAT if nothing goes wrong with the tax authorities
- Agenda of the ECJ VAT cases – 1 Judgments still in 2022 on Dec 22
- Comments on ECJ C-378/21: ECJ Finds Taxpayer Not Liable for Incorrectly Invoiced VAT to Final…
- Comments on ECJ C-247/21: Failed triangular transaction cannot be corrected afterwards
- Comments on ECJ C-607/20: Employee incentive schemes – do I need to account for VAT?
- Comments on ECJ C-247/21: End customer not liable to pay VAT in the case of a triangular transaction
- Comments on ECJ C-516/21: Also VAT exemption for machines and equipment when renting a turkey rearing house according to AG CJEU
- Comments on ECJ C-378/21: Refund for too much invoiced VAT when the incorrect rate is applied
- Flashback on ECJ Cases – C-596/10 (Commission v France) – No Reduced VAT rate if horses are not…
- Flashback on ECJ Cases – C-119/11 (Commission v France) – Application of a reduced rate to receipts from admissions to first performances of concerts
- Flashback on ECJ Cases – C-277/09 (RBS Deutschland Holding) – Deduction of VAT when those goods are used for leasing activities in another Member State
- EU VAT Cuts on Fuel and Energy to Combat Inflation Rate
- Cooperation between tax authorities – final evaluation of Fiscalis 2020
- Remember tools offered by the European Commission: VAT Rate & Taxes in Europe Database
- Transfer pricing and customs valuation
- European Commission publishes crypto and other revised reporting proposals for tax (DAC8)
- DAC8 proposal would require service providers to report crypto asset users
- EU VAT Cuts on Fuel and Energy to Combat Inflation Rate
- Largest VAT fraud investigated in EU: 24 arrests, 312 house searches and seizures worth €67 million
- EU DAC8 proposals – Cryptocurrency tax reporting harmonisation
- EU Refund Directive – VAT Rate Guide
- Multi-country reporting under CESOP
- Europol support to EPPO investigation into EUR 2.2 billion VAT fraud scheme
- VAT in the Digital Age: Platform economy and e-commerce changes
- European Parliament and European Council reach provisional agreement on EU Carbon Border Adjustment Mechanism
- An EU VAT System Fit for the Digital Age? The Reform Proposals (Part 2)
- Embracing the digital transition to help fight VAT fraud and support EU businesses
- VAT gap statistics for 2020
- Status of the DAC7 implementation in the EU
- European Union: VAT implications to customs agents on import
- EU climate action: provisional agreement reached on Carbon Border Adjustment Mechanism (CBAM)
- Import/export and VAT
- EU structured e-invoices mandated 2028 intra-community supplies
- EU revamps VAT rules in bid to stamp out fraud
- EU proposal for New Transparency Rules Concerning Crypto-Asset Transaction Reporting (DAC8)
- EU directive stresses urgency of tax digitisation
- EU 2028 Digital Reporting Requirements (DRR) and e-invoicing
- Directive proposal with reporting obligation for providers of crypto-asset services (DAC8)
- Russia’s war of aggression against Ukraine: EU adopts 9th package of economic and individual…
- ViDA – The European Commission announces proposals for new VAT regime
- VAT in the Digital Age (ViDA) is around the corner: what should we expect?
- VAT in the Digital Age: new rules proposed
- VAT in the digital age: Proposal for digital reporting requirements and e-invoicing
- VAT in the Digital Age (ViDA): Platform Economy Update
- VAT in the Digital Age (“ViDA”) – EU Commission announces major VAT reforms
- VAT in the Digital Age proposals
- ViDA Analyzed – Part 10: Member States should allow ”Domestic reverse-charge” (Art. 194)
- EU harmonises domestic Art 194 Reverse Charge 2025 – VAT in the Digital Age
- EU EC Sales List replaced by Digital Reporting Requirements 2028 – VAT in the Digital Age
- EU VAT in the Digital Age (ViDA) Reforms
- European Commission proposes measures to bring VAT into the Digital Age
- EU call-off stock VAT simplification ends 2025 – VAT in the Digital Age
- VAT in the Digital Age (Part 3): digital reporting requirements and mandatory e-invoicing
- VAT in the Digital Age (Part 2): “Single VAT Registration” to avoid foreign registrations
- VAT TV: VAT in the Digital Age unpacked
- An EU VAT System Fit for the Digital Age? The Reform Proposals (Part 1)
- VAT in the Digital Age Proposals Published by the European Commission
- VAT in the Digital Age: Learn about the EC’s proposals and how they will impact your business
- A proposal on new policies under ViDA to help and support EU businesses
- VAT in the Digital Age (Part 1): New deemed reseller model for online platforms and online marketplaces
- ViDA Analyzed – Part 9: Single VAT Registration (SVR) and improvements to the existing e-commerce rules and the margin scheme
- ViDA Analyzed – Part 8: Platform economy: Deemed supplier regime for short-term accommodation rental and passenger transport
- ViDA Analyzed – Part 7: Digital reporting system for supplies of goods and services for consideration carried…
- ViDA Analyzed – Part 6: Digital reporting system for intra-Community transactions: Articles 262 to 271
- VAT in the Digital Age
- European Commission Proposes Measures to Improve VAT System in the Digital Age
- EU Platform Economy 2025 deemed supplier – VAT in the Digital Age
- EU Import One-Stop Shop IOSS mandated for marketplaces 2025 – VAT in the Digital Age
- EU EC Sales List replaced by Digital Reporting Requirements 2028 – VAT in the Digital Age
- EU addresses misuse of IOSS identification numbers in VAT fraud – VAT in the Digital Age
- ViDA: EU VAT Directive 2006/112/EC with all changes (2024 – 2028)
- VAT in the Digital Age (ViDA) KPMG summary
- VAT – Harmonization of default and moratorium interest rates from 1 January 2023
- 5 Major Developments in Belgium
- Partial VAT deduction applying to the real use method: major changes from 1 January 2023
- Circular 2019/C/123 on the rounding of VAT payable amounts
- Belgium Extends 6% VAT Rate for Sports Facilities Under New Conditions
- 5 Major Developments in Croatia
- When to deduct input VAT if the supplier applies the cash accounting scheme – when the supply…
- 5 Major Developments in Czech Republic
- Change of the deadline for submitting a subsequent VAT control statement at the request of the tax…
- Taxpayer entitled to deduct VAT on supply within fraudulent transactions chain
- Application of VAT to fuel cards
- Czech Republic Implements DAC7
- Country VAT Guide: Czechia
- Consultation on ”VAT in the Digital Age” (ViDA)
- Responsibility for payment of missing A tax and AM contribution as well as deduction for VAT
- Denmark goes digital in accounting & taxation
- Documentation for deduction of purchase VAT in case of reverse payment obligation
- Danish Tax Agency ruling about NFTs
- How is e-reporting affecting B2C transactions in France?
- How to prepare for France’s e-invoicing and e-reporting mandate in 2023
- Transfer of Going Concern – article 257 bis – new wording
- French Polynesia 2023 General Budget passed: VAT exemption on rentals of furnished or unfurnished accommodations for residential use changed
- B2B eInvoicing, who bears the responsibility?
- Germany MOF Further Extends for VAT on Travel Services in Non-EU Countries Due to Coronavirus
- FAQ “VAT measures to promote the expansion of photovoltaic systems”
- Federal Fiscal Court: Partial performance only for services with continous or recurring character, one-off…
- BFH: Scope of human involvement in electronically provided services
- Germany defers new VAT rules again
- VAT benefits based on the additional agreement to the NATO troop statute; New edition of the list of official procurement bodies
- VAT exemption according to § 4 No. 14 letters a and b UStG; delivery of medication
- A farmer’s input tax deduction
- Certificate for VAT purposes in processing and handling cases
- FAQ “VAT measures to promote the expansion of photovoltaic systems”
- VAT 2023: Important changes at a glance (2nd update)
- Law 5000/2022 covers VAT suspension regime for real estate and extension (super) reduced rates
- myDATA: Out of service from Saturday 17/12, 02:00, to Sunday 18/12, 23:00, due to upgrade
- Decision A1128/2022 in relation to special regimes of e-commerce
- Why the VAT gap has shrunk
- Differentiated VAT treatment for the amounts paid by the major transport company
- Compensation for damages due to breach of contract is excluded from VAT
- VAT rate applicable to Christmas basket
- Ruling 592: Incorrect application of VAT: how to claim a refund if a credit invoice is not possible
- Ruling 591: Services to the Italian army acting on behalf of NATO
- Ruling 587: The differential for the economic rebalancing in the contract is discounted by the VAT
- Ruling 588: Sums agreed to compensate damage are outside scope
- Ruling 590: Pipelines of the National Network: the VAT treatment of the distribution of revenues
- Online drafts of the CU/2023 and IVA/2023 forms
- Traceability rewards: 2 years discount on inspections
- Lithuanian government calls for developing an e-invoicing solution
- Lithuania fuel, food, catering, hotel and e-book VAT changes 2023
- Fines will increase for VAT evasion
- Lithuania Amends Scope of Reduced VAT Rates
- Lithuania reduces VAT rates in 2023
- Amendments to the VAT law on the 5% and 9% VAT rate
- Lithuania’s Seimas Agrees to Extend VAT Reliefs
- Extension of the scope for the reduced and “super-reduced” VAT rates passed by Parliament
- Update – Swiss Tax Administration Confirms VAT Rate Increase from January 2024
- Luxembourg Provides Guidance on Temporary VAT Rate Reduction
- Luxembourg Tax Administration Clarifies VAT Rate Cuts
- Decree about concurrence of transfer tax and VAT is amended
- Supreme Court: Auction scheme and profit margin scheme, VAT is due on premiums and…
- Court of Zeeland-West Brabant: Silent partnership – pre-deduction – rental office to the company
- € 190 energy compensation in November and December 2022 regarded as an untaxed subsidy for VAT purposes
- Auction House owes VAT on premium and commission
- Moderation of tax interest previously extended to wage tax and VAT
- The Supreme Court clarifies the distinction between renovation and new construction
- Intentionally incorrect VAT returns submitted; fine of €100,000
- Ex-cut flower grower acts as VAT entrepreneur when selling building land
- Recharge of costs is not treated as a taxable supply for VAT
- Additional VAT assessments in case of extensive fraud with export cars rightly imposed
- VAT deduction of educational institution according to pre-pro rata calculation
- Additional tax assessment VAT and offense penalty due to failure to provide evidence
- VAT deduction of educational institution according to pre-pro rata calculation
- Later ECJ judgment does not lead to revision of Supreme Court judgment
- VAT on fake invoice not deductible
- General Expenditure Tax (in Dutch: Algemene Bestedingsbelasting / ABB) changes in Bonaire, St. Eustatius and Saba
- Lower electricity tax in the first three months of 2023
- Decision on value added tax for 2023 (VAT rates)
- VAT treatment of digital works of art
- Another piece of fiscally significant information concerning the SLIM VAT 3 package in Poland
- National e-Invoices system (KSeF) from 2024
- E-Invoicing via KSeF
- VAT-Z will be submitted by the taxpayer through CEIDG
- Another piece of fiscally significant information concerning the SLIM VAT 3 package in Poland
- 50% restriction on the right to deduct input VAT on certain vehicles extended
- Poland emergency VAT cuts update
- Poland records EU’s second-largest improvement in VAT collection
- Subjective exemption and VAT on cars unchanged
- New Order Establishes Grace Period for Invoice Reporting Obligation and Postpones QES Requirement for E-Invoices
- Dispatch no. 8/2022-XXII on SAF-T filing due dates, PDF equivalent to invoices till end 2023, …
- VAT reduced to 5% for heat pumps, photovoltaic panels and solar thermal panels
- Now it’s time for medium taxpayers in Romania SAF-T
- Romania still loses a third of its VAT to the budget, but the digitization of ANAF will have a visible impact
- Russia Allows VAT-Free Purchase of Precious Metals by Individuals Directly from Refineries
- VAT on a security deposit under a rental agreement?
- VAT rates from advance payment and from shipment differ: which input VAT to claim?
- Checking the fiscal receipts in Serbia if no QR code is not available
- Last Call of Serbian e-Invoicing Process: Sistem e-Faktura
- Legislative changes in the area of VAT effective from 2023 and 2024
- Temporary VAT Reduction for Certain Facilities and Restaurant and Catering Services…
- Slovakia Temporarily Reduces VAT Rate on Restaurant and Catering Services
- Slovakia hospitality and sports VAT rate cut
- Changes to SII technical requirements in Spain
- Ruling: transfer of elements of an autonomous economic unit is not subject to VAT, even if it is not…
- Canarian companies and VAT on electronic commerce
- Spanish SII
- Consultation of the DGT: The transfer of all the shares in managed subsidiaries is not subject to VAT
- Changes in Spanish use and enjoyment rules, will only apply to services that are exempt from VAT (B2B)
- Changes to SII technical requirements in Spain
- The future of VAT: reporting and invoicing in Sweden
- Supreme Administrative Court: VAT liability for bankrupt estates
- Position statement: Right to deduct input tax on acquisitions and a conton before the voluntary tax liability
- Clarification: Revoked decision on invoice appearance when grant is directly linked to the price of a delivery
- Supreme Administrative Court: product with attached photo sheets not subject to 6% rate
- Direct supervision by the Financial Supervisory Authority may be required to be part of a VAT group
- Sweden increased the interest rates on late or deferred tax payments
- Right of deduction for a co-owner of a co-ownership managed by a co-ownership association
- The impact of transfer pricing and profit allocation on the tax base
- VAT returns can now be submitted by following the ‘VAT-declaration easy’ process on EasyGov
- Switzerland Increases VAT Rates Beginning in 2024
- Draft guidance: VAT rate increase as of January 1, 2024 (a.o. cutover rules)
- Switzerland approves increasing VAT rates in 2024
- Increase of the VAT rates as of January 1, 2024 confirmed
- Supply of used goods: how to calculate VAT?
- Nuances of applying the 7% VAT rate to fuel operations during wartime
- On December 31, it will not be possible to register PN for the first half of December
- DPS and ACC held a meeting on the formation of a standard audit file (SAF-T UA)
- Regarding the exemption from VAT of operations on the supply in the customs territory of Ukraine of electric generating sets and other goods included in List No. 224 by…
- The import of goods for the needs of the army will be exempt from VAT and customs duties: the…
- Does the period for including VAT amounts in the PC on the basis of registered PNs stop during the war period?
- Exemption from VAT on the supply of generators and other blackout goods: details from DPS
- VAT for financial leasing operations
- Temporary VAT exemption on imports and heating supplies
- Exemption from VAT for the supply of generators: clarification from the DPS
- Plan to exempt goods from VAT and customs duties “to repel the aggression of the Russian Federation and the livelihood of the population”
- Digital services tax a success, say officials, but it should be gone by 2025
- Reform to UK VAT treatment of fund management: consultation published
- FTT: PYE MOTORS LTD – motor dealer – overpayment of output tax on demonstrator bonuses
- Customs Declaration Service Exporter Deadline Extended
- Agency fails to claim VAT exempt supply of medical services
- VAT treatment of fund management fees – HMRC consultation
- Borough Council of King’s Lynn and West Norfolk (No. 2) – UT decision – Car park overpayments – taxpayer loss
- Mainpay Ltd – CoA Judgment – Supply of medical personnel is a taxable supply of staff
- Museums and galleries – update
- VAT penalties and interest from 1 January 2023
- Deeks VAT News Issue 28
- FTT critical best judgement not applied to VAT assessment
- VAT tribunal decision shows care needed with property leases
- HMRC Collection: Selling goods using an online marketplace or direct to customers in the UK
- HMRC Guidance: VAT domestic reverse charge technical guide
- UK Consulting on VAT Treatment of Fund Management Services
- Remember the deadline for reclaiming UK VAT
- VAT Domestic Reverse Charge technical guide
- Lynton Exports (Alsager) Ltd – MTIC Fraud – Kittel input tax assessment and Mecsek output tax…
- Emerchantpay Ltd – Whether supplies received from connected Bulgarian company are exempt intermediation services – yes
- UK adopts sanctions and export control regulations
MIDDLE EAST
- KPMG Fakhro – Bahrain & GCC Tax News (07 December 2022)
- 5 Major Developments in the GCC Region (Bahrain, Kuwait, Oman & Qatar)
- ZATCA extends amnesty for tax fines
- Penalty waiver for all taxes, including VAT and excise tax extended until May 2023 (COVID-19)
- ZATCA Extends the “Cancellation of Fines and Exemption of Penalties initiative”
- SNI Podcast – KSA e-Invoicing Phase 2
- Saudi Arabia’s finance minister says no change in VAT
