Supplementary Global updates – a quick glance
Austria:
- Austria reduced employer contribution to the Family Burdens Equalization Fund to 3.7% effective from January 1, 2025.
Saudi Arabia:
- Tax authority announced turnover thresholds for applicability and due dates for 20th, 21st and 22nd waves of phase 2 of the e-invoicing mandate.
- Saudi Minister of Commerce issued Ultimate Beneficial Ownership (UBO) Rules which are effective from April 3, 2025.
United Arab Emirates:
- UAE implements Global Minimum Tax effective from January 1, 2025.
United States:
- Florida Department of Revenue announced reemployment tax rates for the 2025 tax year.