China introduced new VAT rules for the gold market from 1 November 2025 to 31 December 2027. Gold traded directly on the Shanghai Gold Exchange remains VAT-exempt, but when physical gold is withdrawn, treatment now differs: investment gold keeps the 13% VAT on value-added, while jewellery production can only deduct 6% instead of 13%. This raises jewellery manufacturing and retail costs, likely sof... Read more

The CREATE MORE law allows export-oriented enterprises (EOEs) to enjoy VAT zero-rating on local purchases and VAT exemption on importations even without registration for other tax incentives, provided they meet the 70% export sales threshold from the previous year. The goods or services purchased must be directly necessary for export activities, and a wide range of services can qualify. If the ent... Read more

The UAE's Cabinet Decision No. 129 of 2025 shifts to a compliance-focused tax penalty model, effective April 2026. Key changes include replacing punitive late payment penalties with a 14% annual non-compounding rate, reducing fixed penalties on FTA-discovered errors to 15%, and modifying voluntary disclosures to 1% monthly. Businesses must reassess tax strategies accordingly. UAE introduces pro-ta... Read more

The company can deduct input VAT for taxable outputs from gifts, employee gifts, and scrap sales, either fully or proportionally based on taxable revenue, depending on accounting methods. Company produces tax-exempt animal feed, so generally cannot deduct input VAT. However, it generates taxable outputs via gifts, employee gifts, or scrap sales and asks if input VAT deduction is allowed for these.... Read more

Cabinet Decision No. 100 of 2024 updates VAT registration and deregistration processes in the UAE. Key changes include updated thresholds for mandatory and voluntary registration, streamlined deregistration procedures, revised tax group rules, and new exemption conditions. Businesses must reassess their compliance to avoid penalties and ensure efficient VAT management ahead of 2025. The processes... Read more

Foreign businesses offering digital services to Swiss customers might have Swiss VAT obligations based on service type, supply location, and registration criteria. Telecommunications and electronic services face special rules, with a CHF 100,000 turnover threshold necessitating registration for B2C providers. Electronic services cover cloud/SaaS, downloads, apps, and AI. The place of supply for B2... Read more