Regulatory Analysis

Colombia enacted a new tax reform that, among other things, establishing a future 3 day VAT Holiday. According to the provisions of Law 2010/2019, the government will allow retailers to sell clothes, electronics, sports equipment, toys and school supplies VAT free when purchased by final consumers using a credit card and where the sale is […]

The Mexican Congress has approved the 2020 tax reform, The most important changes of this reform in relation to VAT is the establishment of a new system of the taxation of digital goods and services supplied by non-established entities to final consumers in Mexico. Under this new regime, foreign suppliers of digital goods and services […]

Since July 2018, taxpayers in Hungary have been obliged to disclose the data of electronic invoices issued for transactions with accounted VAT exceeding HUF 100,000 (approximately €300). This data must be transmitted to the National Tax and Customs Administration of Hungary (NAV) in a structured manner once the electronic invoice has been issued.  This fiscal obligation […]

The Institute for Insurance Supervision (IVASS) in Italy has published the management charge rate for the year 2020. It set the rate for 2020 at 4.12%. The management charge reduces the taxable basis applied to the Road Accident Victims Fund (RAVF) and Hunting Accident Victims Fund (HAVF) and is published annually in November.