EU fails to agree on VAT General Reverse Charge
The most recent meeting of EU Finance Ministers (ECOFIN) on 16 June failed to agree on the implementation of the voluntary General Reverse Charge (GRC) to fight VAT fraud. The GRC, promoted by the...
View ArticleAustralia delays foreign e-commerce GST to Jul 2018
Australia has confirmed that it will delay the imposition of 10% GST on sales of low-value goods to its consumers by non-resident e-commerce companies. It had been proposed that the low-value...
View ArticleUK Brexit EU VAT & Customs Union exit law
In today’s UK Queen’s speech, when the government announces up and coming legislation, initial plans were included for laws to exit the EU VAT regime and Customs Union. Later this summer, a Finance...
View ArticleItaly VAT update
A range of changes to the Italian VAT regime have now been enacted, including: A commitment to VAT rate rises if the government fails to meet its Euro budget rules: Current Jan 2018 Jan 2019 Jan 2020...
View ArticleIndia first GST filing delay
India’s GST Council has confirmed that the deadline for the first returns under the new Goods and Services Tax (GST) regime is to be delayed by one month. The new regime launches 1 July 2017, and will...
View ArticleSpanish VAT changes
Several taxable services in Spain have been re-categorised from the standard 21% rate to the reduced 10% rate. These include: Live cultural events, including bullfights Live entertainment events The...
View ArticleIndia drops e-commerce withholding GST
India has postponed a 1% Goods and Services Tax (GST) withholding tax on sales of goods and services on e-commerce marketplaces. The tax, Tax Collected at Source (TCS), was planned to be introduced...
View ArticleEgypt VAT rises to 14%
The Egyptian VAT race rises from 13% to 14% on 1 July 2017. Egypt introduced VAT in 2016 at 13%. It replaced a 10% Sales Tax. The plan had been to raise VAT to 14% in October of this year, but a...
View ArticleAlbania cuts hotel VAT rate
Albania has cut the VAT rate on hotel accommodation and services from 20% to 6%. It joins the majority of European countries which subsidise the tourism industry with reduced VAT rates. The exceptions...
View ArticleIndia GST goes live 1 July 2017
India most significant tax reform, the introduction of a single Goods & Services Tax (GST), goes live today. The GST regime will replace over 20 overlapping indirect taxes – including VAT, CENVAT...
View ArticleAvalara VAT Reporting content updates 03-07-2017
Spain SII Updates: From July 1st, SII is officially live. In order to submit all the invoices to the Spanish authorities, we have updated the SII to use production URLS in 17.6.1 release. Czech...
View ArticleChanges to Italy’s filing frequency
Law Decree 193, which was passed by the Italian Government back in October 2016, is now fully in effect. Under the Decree, the filing frequency of the transactional report in Italy, which replaces the...
View ArticleUK split payment update
The UK’s HMRC has added a new tax avoidance arrangement to its list of prohibited schemes. Labelled number 38 in HMRC’s list, this concerns attempt to avoid VAT registration and properly charge UK VAT...
View ArticleItaly VAT filings update
Following the introduction on quarterly VAT returns and invoice listing, the Italian tax authorities have provided additional guidance on reporting. Including: Corrections to filed returns may be...
View ArticleLatvia VAT return update
Latvia has recently changed its VAT returns. Including: Lowering of the threshold for disclosing individual invoices from €1,430 to €150 It has adopted a new tax code, C, for reporting local and...
View ArticleRussia mulls e-services split payments
The Russian tax authority has indicated that it may start requiring online electronic services market places to collect VAT charged on transactions on their marketplaces. The aim would be to ensure...
View ArticleThailand foreign e-services 5% VAT
Thailand has proposed introducing 5% VAT on all non-resident e-services providers selling to local consumers. This would include eliminating the existing annual threshold of baht1,500. In a public...
View ArticleIrish 9% tourism VAT threat
The Irish government is considering raising the reduced 9% VAT rate on tourism-related services. This includes hotels, restaurant and café services, as well as cinema entrance. The rate was introduced...
View ArticleIndia Kashmir joins GST launch
The last of the 29 Indian states to implement GST, Jammu and Kashmir, approved the introduction of the new consumption tax one week after the national launch. Kashmir has its own constitution, so was...
View ArticleUK ‘Making Tax Digital’ proceeds for VAT 2019
The UK government has delayed its ‘Making Tax Digital’ programme for personal and corporate income tax until at least 2020 – potentially longer. However, it remains committed to implement the new...
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