Once again, the fight against loss of tax revenue is the predominant issue for the coming year. Hungary and the Czech Republic are tightening reporting obligations, Romania is extending the reverse charge scheme and France will be the first EU member state to require taxable persons to use the Direct Debit Scheme. Additionally, some countries are focusing on stimulating the economy. Romania is hoping to achieve this aim by dramatically reducing its VAT rates. Italy is delaying the intended increase in its VAT rates. Meanwhile, Austria and Norway are planning to raise revenue by increasing their VAT rates.
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