#vat-dispute

#vat-dispute

Companies across sectors such as banking, industry, and technology report that their digital infrastructure is closely intertwined with American software and cloud platforms. Many organizations rely on services from large American suppliers for office software, cloud storage, and AI applications. According to them, this dependence cannot be reduced quickly without operational disruptions.

After Trump ended the de minimis exemption last year, purchasing an item straight from an international vendor, regardless of the item's value, meant incurring International Emergency Economic Powers Act tariffs. Now, thanks to a ruling by the Supreme Court that overturned Trump's IEEPA tariffs, and a ruling by the Court of International Trade ruled that all tariffs paid under IEEPA must be returned, buyers may be able to collect a refund.

The European Commission stated that Slovakia's decision to charge foreign drivers more for diesel is highly discriminatory and against EU law, emphasizing that measures must not discriminate between nationality.

Under current rules, once a business exceeds £90,000 in taxable turnover, it must register for VAT and charge 20 per cent on most goods and services. Registration also brings quarterly reporting requirements and compliance costs, often requiring specialist accounting support.

knowingly disguised an employment relationship as a business contract to evade its obligations as an employer

Starting Jan. 1, 2026, updated reporting obligations require crypto platforms operating in the EU or serving EU users to provide detailed information on users and their transactions to tax authorities. This change aligns digital assets more closely with the transparency requirements long established in conventional finance.

Austria's government has agreed on a list of everyday foods that will be taxed at a lower VAT rate from July, in a move it said should reduce prices for households and slightly dampen inflation. According to ORF, the Council of Ministers approved the product range on Wednesday after intensive discussions. The reduced VAT rate of 4.9 percent, down from ten percent, is set to apply from July 1st. The government also set an upper cost limit of 400 million for the measure, ORF reported.

There is no way to sugarcoat this: Slovakia has become a major transit point for criminal money flows,

Major agreement reached after 20 years of negotiations and during ongoing tensions with the US. New Delhi, India India and the European Union have signed a free trade agreement that both sides have hailed as the mother of all deals. The agreement, announced on Tuesday, came together over nearly two decades of intermittent negotiations and during a geoeconomic crisis triggered by United States President Donald Trump's trade war.

Brussels would be willing to discuss closer trade ties with the UK, including the possibility of cooperation on a customs union, a senior European commissioner has said, signalling the clearest openness yet from the EU to re-engage with Britain.Speaking to the BBC after high-level talks in London, Valdis Dombrovskis, the European Commissioner for Economy, said the EU was "ready to engage with an open mind" if the UK wanted to explore deeper economic alignment.