- Algeria has introduced a VAT exemption for certain internet services and website-related costs until December 2025.
- Angola has implemented a 10% special levy on foreign exchange transactions related to technical assistance or management services.
- The Bahamas has made changes to the passenger tax rates, effective from January 2024.
- Belgium has proposed a draft law for mandatory structured e-invoicing for B2B transactions starting in 2026.
- The BES Islands have increased the annual turnover threshold for small businesses.
- Bosnia-Hercegovina has raised the VAT registration threshold.
- Brazil has approved a tax reform that will overhaul the indirect tax system, with implementing legislation to be issued within 180 days.
- China has implemented new import and export tariffs for 2024.
- Croatia has increased the VAT registration threshold and introduced the option for suppliers to directly reduce the VAT base in certain circumstances.
- Denmark has implemented new rules for applying the VAT reverse charge in telecommunications services transactions between VAT-registered entities.
- Egypt has issued guidance on the VAT reverse charge for imported services, requiring companies to register for VAT and imposing penalties for noncompliance.
- Belgium, as the current President of the Council of the EU, has released its Programme for the first half of 2024, with a focus on indirect tax areas.
Source: bdo.global
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
