COUNCIL DIRECTIVE (EU) 2022/542 of 5 April 2022 amending Directives 2006/112/EC and 2020/285 as regards rates of value added tax has been published. The Directive, which reflects the rules agreed to in December 2021, introduces amendments to the VAT Directive and the Directive relating to the special scheme for small...
The EU Council has welcomed the preliminary results presented by the Commission of the successful application of the new EU VAT rules for e-commerce, and the Commission’s intentions to propose further simplification in the EU cross-border trade, reduction of administrative burdens for businesses as well...
The Commission has published a proposal to extend the application of articles 199a and 199b of Directive 2006/112EC, which are currently in force up until 30 June 2022. These articles, which permit Member States to apply the reverse charge to combat VAT fraud, as well as...
The Budget Measures Implementation Act (Act VII of 2022), implementing Budget Measures for the Financial Year 2022 and other administrative measures, was published on 8 February 2022....
The MIT is selling remaining stock of tax publications. All books can be purchased for the very reduced price of €10 each!! With even further reductions if you purchase 2 or more books!! (all prices quoted are inclusive of VAT) Visit https://maintax.org/book-clearance-sale/ for further details....
The Commission's Action Plan for Fair and Simple Taxation (See MIT News 16 July 2020) followed by its work programme for 2022 (See MIT news 20 October 2021), included a legislative proposal for 2022 under the heading ‘VAT in the digital age’ covering: 1) VAT reporting obligations...
The FIAU has published a guidance note in relation to tax related suspicious reporting which aims to provide subject persons with important tax related ML/FT indicators that are found on goAML that are to be used when reporting serious and complex tax crimes. Furthermore a list of commonly used...
The office of the CfR has issued a Notice urging taxable persons to comply with any outstanding Intrastat obligations and reminding defaulting taxable persons that failure to comply with such obligations may lead to criminal prosecution which, upon conviction, is punishable with a fine (multa)...
Government Notice 1621 published on 17th December 2021 sets out guidelines for the application of compromise arrangements (in lieu of criminal prosecution) in terms of article 84 of the VAT Act. ...
