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Global Indirect Tax news

Your reference for indirect tax and global trade matters

Recent updates and an a news archive appear below; for back issues of Global Indirect Tax News, or to subscribe, please email a request to

February 2023

Featured articles


2023 fiscal package

Legislation implementing the changes in the 2023 fiscal package has been published in the official gazette, with application as from 1 January 2023. Key measures include limits on cash at hand, changes to the penalty regime, and an increase in the scope of VAT exemptions.



GST Council recommends changes

At its December 2022 meeting, the GST Council made various recommendations with respect to changes to certain GST rates, trade facilitation measures (including issuing circulars to clarify certain issues), and measures to streamline GST compliance.



2023 tax reform proposals

Japan’s ruling party has announced the 2023 tax reform proposals, including Japanese Consumption Tax transitional measures regarding the qualified invoice system. The government is also considering measures in relation to platform operators.


United Kingdom

VAT penalty and interest regime

The tax authorities have published guidance on the new VAT penalty regime for the late submission and late payment of VAT returns, and the new VAT interest regime. The new rules apply for accounting periods starting on or after 1 January 2023.

Other news


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