VATabout

📢 Rapid News: Guidance on Top-Up Taxes Released in Singapore Singapore issued guidance on its new Multinational Enterprise and Domestic Top-Up Taxes, ensuring a 15% effective tax rate under BEPS Pillar 2 rules from January 2025. #Singapore #Pillar2 #MinimumTax #GlobalTax #TaxCompliance

📢 Rapid News: New Domestic Minimum Top-Up Tax in Oman Oman implemented a Domestic Minimum Top-Up Tax for large MNEs with revenues exceeding OMR 300 million, starting January 2025. #Oman #MinimumTax #Pillar2 #MNEs #GlobalTax

📢 Rapid News: Personal Income Tax Adjustments in Norway Norway increased standard personal income tax allowances and adjusted social security rates for 2025. The natural resource tax on hydropower plants was also raised slightly. #Norway #IncomeTax #SocialSecurity #TaxUpdates #Hydropower

📢 Rapid News: Taxation Changes for Joint Ventures in Morocco Morocco’s 2025 Finance Law subjects certain joint ventures and economic interest groups to corporate tax and includes VAT exemptions on specific goods and services. #Morocco #TaxLaw #CorporateTax #JointVentures #VAT

📢 Rapid News: Supplementary Domestic Minimum Tax Introduced in Kuwait Kuwait introduced a Domestic Minimum Top-Up Tax to ensure a 15% effective tax rate for large MNEs from January 2025. #Kuwait #MinimumTax #Pillar2 #GlobalTax #MNEs

🚨 ECJ Clarifies E-Commerce Excise Tax Compliance in Case C‑596/23 🚨 The European Court of Justice (ECJ) has issued a game-changing decision in Case C‑596/23, shedding light on excise duty obligations for e-commerce businesses selling excise goods, like alcohol, across EU borders. 🌍 Key Takeaways: 🔹 Case Overview: A German company, B UG, sold alcoholic beverages online to Finnish consumers. While they didn’t arrange transport directly, they recommended transport companies on their website. 🚛 This led Finnish authorities to hold B UG liable for unpaid excise duties. 🔹 ECJ Ruling: The Court decided that facilitating transport (e.g., suggesting delivery services) means the seller indirectly dispatches the goods, making them liable for excise duties in the destination country. ⚖️ Why This Matters: 💡 Excise Duty Alert: E-commerce businesses must be cautious—helping organize delivery could trigger excise duty obligations. 💡 Compliance Tips: Review your sales and delivery practices to stay aligned with excise regulations across all EU markets. __________________________________________________________ 🌟 Stay Updated with ECJ Rulings! 🌟 At VATabout, we constantly update our ECJ Cases section with the latest rulings, offering crucial insights for businesses navigating cross-border VAT and excise tax compliance. Don’t miss out—follow us for the latest updates! 🔍 Read more here: https://lnkd.in/dE3wsC4r What’s your take on this ruling? How does your business handle excise duty compliance? Let’s discuss in the comments! 👇 #ECJ #VATCompliance #ExciseDuty #ECommerce #CrossBorderTrade #IndirectTax #TaxLaw #EURegulations #StayUpdated

📢 Rapid News: Revised Social Security Index and Minimum Wage in Kazakhstan Kazakhstan updated its Monthly Calculation Index to KZT 3,932 and maintained the minimum wage for social security purposes at KZT 85,000 for 2025. #Kazakhstan #SocialSecurity #MinimumWage #TaxUpdates #EconomicDevelopment

📢 Rapid News: EU VAT Scheme for SMEs Explained in Ireland Irish Revenue detailed an EU VAT scheme for small businesses, effective January 2025. The scheme simplifies VAT compliance for eligible Irish SMEs making supplies in other EU countries. #Ireland #VAT #SMEs #EUCompliance #TaxSimplification

📢 Rapid News: New Top-Up Tax and CFC Regime Plans in Brazil Brazil enacted a law introducing an Additional Social Contribution on Net Profit to align with global minimum tax standards. Plans also include an Income Inclusion Rule and revisions to the Controlled Foreign Corporation regime in 2025. #Brazil #GlobalMinimumTax #Pillar2 #TaxReforms #CFCRegime

📢 Rapid News: Tax Incentive for Renewable Energy Projects in Bangladesh Bangladesh has introduced a 15-year income tax exemption for renewable energy projects starting commercial production between July 2025 and June 2030. The exemption includes 100% relief for the first 10 years. #Bangladesh #RenewableEnergy #TaxIncentives #SustainableDevelopment #CleanEnergy