UAE 2018 VAT registration open
The United Arab Emirates opened its VAT registration portal on 17 September 2017 for businesses to register in time for the 1 January 2018 VAT launch. The UAE VAT registration threshold is AED 375,000...
View ArticleWhat’s in store at the Transactional Indirect Tax Summit 2017?
As the world of business has become increasingly global, the number of transactions processed across both borders and continents has experienced growth of its own on a similarly drastic scale. This...
View ArticleTunisia raises VAT to 19%
Tunisia plans to raise its VAT rate 1% to 19% in 2018. The measure is part of a package of changes designed to reduce the country’s deficit from 6% to under 5%. The post Tunisia raises VAT to 19%...
View ArticleSwiss VAT drops to 7.7% 2018
On 24 September 2017, the Swiss population rejected a proposal to raise VAT to 8.3% from the current 8%. This proposal was in support of a pension reform package, including more flexibility around the...
View ArticleSwiss cuts VAT threshold for foreign businesses
From 1 January 2018, Switzerland will change the way it calculates the VAT registration threshold for non-resident businesses. Currently, foreign companies or individuals providing taxable supplies in...
View ArticleVenezuela reduces VAT on credit cards to cut fraud
Venezuela has announced VAT rate cuts to its standard VAT rate of 12% when businesses or consumers use their bank debit or credit cards for settlement. The aim it to discourage cash, undeclared sales...
View ArticleItaly delays VAT invoice listing
Italy has extended the deadline for the submission of the VAT invoice listing. This will now be due on 28 September 2017. This is the first filing under the new Italian VAT compliance regime and...
View ArticlePolish live cash register requirements
Poland is to introduce a new, centralised database to live record all cash based payments in shops, restaurants and similar outlets. This will include a new range of electronic point-of-sale registers...
View ArticleEU VAT Gap falls to €152bn
The latest analysis of missing EU VAT (the ‘VAT Gap’) from fraud, bankruptcies and poor administration, has fallen to €151.5 billion in 2015. This compares to €159.5 billion in 2014. The latest...
View ArticleCanada rejects 5% GST on electronic services
Canada has rejected introducing 5% federal Goods & Services Tax on electronic services to consumers such as: streaming films and music; online TV and radio; e-books, software and apps;...
View ArticleItaly 2018 Intrastat changes
Italy is to implemented changes to its Intrastat reporting regime from 1 January 2018. The simplifications were first scheduled for 2018 when a new, quarterly VAT reporting regime was introduced. The...
View ArticleThe trouble with taxing e-commerce
Just as consumers’ appetite for easy and instant buying continues to grow, the business of e-commerce has evolved rapidly. So fast in fact, that regulators have struggled to keep pace with these...
View ArticleAvalara VAT Reporting content updates 17.9.1
Overview This release is a scheduled maintenance release of the VAT Reporting application for the month of September. In this release, we have provided updates to SII, enhancements and bug fixes. Main...
View ArticleEU destination-based VAT to combat €50bn fraud
Today, the European Commission (EC) published details of a 2021 proposal to shift the EU VAT regime from an origin-based system to a destination based one. The aim is to cut missing trader EU VAT...
View ArticleVAT Reporting update 17.9.2
Overview This release 17.9.2 is a patch to our 17.9.1 maintenance release; it includes the latest updates for the IT VAT Book (d193) and also updates for SII. This version includes all the updates from...
View ArticleNorway raises reduced VAT rate
Norway has proposed an increase in its reduced VAT rate from 10% to 12% from 1 January 2018. The reduced VAT rate applies to cinema admission, public transport, hotel accommodation services, entrance...
View ArticleUS marketplace sales tax amnesty extension
The sales tax amnesty for online Sellers in the US has been extended to 1 November 2017. Open to online marketplace sellers, the original 17th August – 17th October amnesty programme will forgive back...
View ArticleRomania relaxes VAT split payments
Romania is to relax the initial mandatory requirements for VAT payers to implement split payment measures. Anti-VAT fraud split payments were introduced on a voluntary basis from 1 October 2017. They...
View ArticleBrexit UK to benefit from EU VAT reforms
Post-Brexit UK businesses may receive an unexpected benefit from recently announced proposals to create a single EU VAT regime in 2022. The potential introduction of a reforming destination-based VAT...
View ArticleMalta raises VAT registration threshold
The 2018 Maltese Budget includes a proposal to increase the country’s VAT registration threshold from €14,000 to €20,000. Non-resident companies must immediately VAT register if they are providing...
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