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August 2024 Tax Headlines: Global VAT News

  • United Kingdom: Private school fees subject to 20% VAT, loss of charitable status.
  • Italy: Exploring reclassifying streaming events as Italian-based if consumer not VAT-registered outside the country.
  • Lithuania: New guidelines on VAT exemptions for educational and training services.
  • Finland: VAT registration threshold for small businesses lowered, some goods moved to higher VAT rate.
  • USA – Illinois: Out-of-state sellers must collect sales tax based on buyer’s location.
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Source Innovate Tax

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