December 2024

Featured articles

OECD

Report on consumption tax trends

The OECD’s annual report on consumption tax trends provides comparative data on consumption taxes, highlighting governmental efforts to improve the performance of VAT systems and combat fraud and noncompliance.
 

European Union

SME VAT rules for small enterprise

On 1 January 2025, the EU introduced a small and medium-sized enterprise VAT scheme for businesses that trade cross-border. The scheme is optional. It aims to reduce administrative burdens and encourage EU cross-border trade.

Deloitte podcast

E-invoicing and e-reporting

In this podcast, specialists from Deloitte’s E-invoicing Center of Excellence discuss the regulatory landscape, the strategic importance of e-invoicing, and the complexities of navigating country-specific requirements.

Canada

Temporary GST/HST holiday on certain items

A two-month ‘GST holiday’ has been announced on certain goods, including prepared foods, alcohol, restaurant meals, children’s clothing and toys, and books, running from 14 December 2024 to 15 February 2025.

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