Tax developments or tax-related items reported this week include the following.
Africa
- South Africa: The South African Revenue Service (SARS) reviewed the value added tax (VAT) registration application process to mitigate the risk of fraudulent VAT registrations and claims.
- Uganda: Bills tabled before the parliament concern income tax, VAT, excise duty, lotteries and gaming, and tax procedures.
Americas
- Canada: The deadline for filing annual goods and services tax (GST), harmonized sales tax (HST), and Quebec sales tax (QST) returns is 30 June 2023 for financial institutions in Canada.
Asia Pacific
- Bahrain: The National Bureau for Revenue (NBR) announced that the digital stamps electronic system will start to receive digital stamps orders for certain goods subject to excise tax.
Europe
- EU: The Economic and Financial Affairs Council of the EU (ECOFIN) reached agreement on the proposal to extend the council directive administrative cooperation to cover the exchange of information on cryptoassets, as well as tax rulings for individuals (DAC8).
Source: KPMG
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