On the one hand, the year-end can be a time to reflect on all the events during the year and spend time with our friends and loved ones.
Then again, in professional terms, the year-end is also the time to look ahead and to prepare for the global developments in terms of VAT and GST – some of which we would like to share with you in our fourth edition of the WTS Global VAT Newsletter 2022.
For Italy the year-end is also a crucial time in view of reporting and deducting input VAT. Poland undertakes a reassessment of the preconditions for a fixed establishment. Romania modifies the VAT rates for specific activities.
Beyond Europe, the tax burden for services imported into Brazil will be reduced. China proceeds with the roll-out of its e-invoicing regime and, last but not least, Switzerland is planning various changes to its VAT system not only as of 1 January 2023, but also indicating amendments for 2024.
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