Italian VAT filings changes
Update 12 Jan 2017: Italy has ratified (Law Decree 193) to introduce extensive new VAT filing requirements from 1 January 2017. Quarterly VAT returns There is a new requirement for quarterly VAT...
View ArticleIsrael levies VAT on bitcoin
The Israeli tax office has confirmed that trading in bitcoin is subject to 17% VAT. The announcement confirms that virtual currencies, such as bitcoin, are to be regarded as tradable assets and...
View ArticleEgypt early VAT rise to 14% July 2017
Egypt has announced that it will bring forward to 1 July 2017 a 1% VAT rise to 14%. The original plan had been to raise VAT on 1 October 2017. However, the government faces a large deficit. VAT was...
View ArticleHungary cuts restaurant VAT to 9%
Hungary reduced the VAT rate on restaurant services, excluding alcoholic beverages from the standard 27% VAT rate to the 9% reduced rate. The change came into place on 1 January 2017. The post Hungary...
View ArticleGuyana reduces VAT to 14%
Guyana will cut its standard VAT rate from 16% to 14% from 1 February 2017. Other changes to the VAT regime include: Domestic electricity and water supplies will be subject to VAT An increase in the...
View ArticleGuinea lowers VAT to 18%
Guinea has cut its standard VAT rate from 20% to 18% from 1 January 2017. The rate was originally raised from 18% to 20% to fund emergency help during the ebola outbreak. The post Guinea lowers VAT to...
View ArticleItaly Bank guarantee threshold
Italy raises VAT refund guarantee threshold Italy has raised the VAT refund thresholds above which it requires a certified Italian audit or bank guarantee. The annual threshold is now €30k, up from...
View ArticleAvalara Europe is hiring
If you work in EU VAT compliance, Sales, Marketing or Engineering and want to be part of one of the most exciting stories in tax automation, then we want to hear from you. Being part of every...
View ArticleDenmark removes e-commerce VAT exemption on postage
From the 1 January 2017, Denmark removed the VAT exemption on postage costs for domestic e-commerce deliveries. The move has been critisied by the Confederation of Danish Industry as further...
View ArticleItaly VAT return payments
Following the reforms of the Italian VAT reporting requirements – moving to quarterly returns and invoice summaries – the tax authorities have confirmed that VAT payments will remain monthly. The...
View ArticleItaly VAT increase to 25.9% 2019
In the 2017 Budget law, Italy confirmed a number of potential VAT increases. These will only be applied if the country fails to met a range of budget targets, including meeting the Euro currency 3%...
View ArticleSerbia e-services VAT rules
From 1 April 2017, Serbia is to require non-resident providers of electronic services to consumers to VAT register and charge local VAT. The VAT rate in Serbia is 20%. The change brings the country...
View ArticleSelling into the U.S.?
A guide to U.S. Sales Tax webinar. The U.S. is one of the largest and the most competitive economies in the world. U.S. Gross Domestic Product (GDP) has consistently seen growth of 1.8% or more since...
View ArticleSaudi Arabia approves VAT implementation
The Saudi Arabian government has approved this week the introduction of VAT from 1 January 2018. The country is anxious to diversify itself from unreliable oil duty revenues, which have fallen sharply...
View ArticleNew Caledonia introduces Consumption Tax
The Pacific French territory of New Caledonia is to introduce a General Tax on Consumption (TGC). It follows the principles of VAT, including the ability for businesses to recover an input TGC through...
View ArticleEstonia VAT registration threshold
Estonia has progressed proposals to raise its VAT registration threshold from €16,000 to €40,000 per annum. The European Commission has approved the rise as a derogation from the EU VAT Directive which...
View ArticleCzech bitcoin VAT fraud measures
The Czech Republic has introduced a number of anti fraud measures on the trading of bitcoins. This includes making the buyer of goods or services with bitcoin liable to VAT due if their vendors fails...
View ArticleIndia GST e-commerce dispute
Major Indian online retail platforms are campaigning to change proposals to the new Goods and Services Tax regime due to come in later this year. Rivals Flipkart, Amazon and Snapdeal all claim that the...
View ArticleItaly VAT fraud measures
Italy has proposed a new round of anti-VAT fraud measures. Italy has the largest VAT Gap – the difference between expected VAT collections and actuals – in the European Union. It accounts for almost...
View ArticleIran replaces VAT with Consumption Tax
A new Consumption Tax, only payable at the final point of sale to a consumer, has been proposed in Iran. It would replace the existing VAT regime which is vulnerable to fraud in the supply chain. VAT...
View Article