Lovat Newsletter – December 2022
The most interesting this month: in Europe, the laws on waste handling and taxation of digital platforms have been updated, and also… Christmas holidays are coming! 🤩
🎄 That is why we hasten to congratulate our clients on these wonderful holidays! We wish you a Merry Christmas and Happy New Year, business success, and may all your dreams come true! With love and respect, your Lovat team 🎄
And on that wonderful note, let’s get back to the news 👇👇👇
Find out all about the new EU waste directive, who will be affected, and how. We have also compiled in a convenient table the minimum thresholds for waste turnover and the company’s annual turnover for different European countries. Note that for some countries this figure is zero.
See more about thresholds for EPR registration here: Thresholds for EPR registration by country in Europe.
Starting in 2023, the new DAC7 directive comes into force, which extends the EU’s transparent taxation to digital platforms. Read this article and you will learn what DAC7 is and what the directive will affect, which platforms it applies to, what exceptions there are, what information you need to provide in reporting, and much more.
See more about the DAC7 directive here: DAC7 – the new type of registration.
🆕 News digest:
👉 Government of the West African country of Ghana has reviewed upwards VAT by 2.5% and announced raise in VAT standard rate from 12.5% to 15% in 2023.
👉 Switzerland backs VAT rise for 1 January 2024 as follows:
✔ Standard rate from 7.7% to 8.1%
✔ Reduced rate from 2.5% to 2.6%
👉 The Irish government recently confirmed that from January 2023, the VAT rate applied to newspapers and defibrillators will be reduced from 9% and 23%, respectively, to 0%.😃
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