Global Indirect Tax News
Your reference for Indirect Tax and Global Trade matters
Recent updates and a news archive appear below; for back issues of Global Indirect Tax News or to subscribe, please email a request to globaltaxpublications@deloitte.com.
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
In this Podcast, specialists from Deloitte’s E-invoicing Centre 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.
Archive
