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Tax reform – first details of wave 1, effective as from 2023 (E-Reporting, VAT rates, Excise)

VAT e-invoicing and e-reporting

  • As part of the reduction of the VAT gap, e-reporting would be made mandatory “over time”, lowering the administrative burden (a.o. annual client listing).

Excise taxes on tobacco and new products

  • Excises would apply on new tobacco products and e-liquids. Existing excises on tobacco products would be further increased.

Reduction fossil fuel subsidies

  • Existing subsidies to fossil fuels in the form of reduced excise or VAT rates would be further reduced in 2024.

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