Central Electronic System of Payment Information (CESOP)

With effect from 1 January 2024 payment service providers who are established or provide payment services in the European Union are to keep certain records of cross-border payments originating from payers within Member States and certain information of the payees, and transmit those records to...

VAT Rates Directive published

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...

Council adopts conclusions on VAT e-commerce package

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...

Budget Measures Implementation Act 2022

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....

MIT publications clearance sale

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....

VAT in the Digital Age consultation

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...

FIAU guidance note on tax related suspicious reporting

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...

Intrastat obligations – Notice from the Office of the CfR

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)...