ECJ VIES not required on nil rating
The European Court of Justice has ruled that a customer is not required to have a VIES registered VAT number as a condition for a seller to zero-rate an intra-community supply. The ruling in Euro Tyre...
View ArticleBelgium scraps quarterly prepayments
Belgium is to withdraw the obligation on quarterly VAT filers to pay prepayments on their VAT liability. Small businesses may at present opt to file only quarterly in Belgium as opposed to the regular...
View ArticleNorway bitcoin VAT exempt
Norway’s Tax Administration has reversed its position on taxing bitcoin sales by making it VAT exempt. The move brings it into line with the European Union which made the trading of digital currencies...
View ArticleVAT Reporting content updates 07-02-2017
Italy: The yearly VAT Return for 2016 in XML and PDF formats are now available. Hungary: The new 2017 ECL form 17A60 in XML format is now available. The new 2017 VAT Return 1765A in XML and PDF formats...
View ArticleFrance raises VAT registration threshold
France has increased the annual VAT registration threshold to €33,200 from €32,600 per annum. The new threshold applies from 1 January 2017. This applies only to resident companies. Non-resident...
View ArticleVAT Reporting content updates 15-02-2017
France: The Tax Authority has just announced changes in the 2017 VAT return; therefore, in this release we have updated the mapping within VAT Reporting in order to reflect these changes. Since France...
View ArticleGulf VAT challenges
Governments and companies in the six Gulf states are getting ready for the implementation of Value Added Tax from 1 January 2018. The new consumption tax has been set at 5% across the region, with...
View ArticleSouth Sudan 18% Sales Tax
South Sudan has confirmed that Sales Tax will rise from 15% to 18%. A proposal to raise the consumption tax to 20% was rejected. Sales Tax applies to domestically produced goods, hotel and...
View ArticleSt Lucia cuts VAT to 12.5%
The Eastern Caribbean island of St Lucia this week announced a reduction in Value Added Tax from 15% to 12.5%. VAT was introduced to St Lucia in 2012 at 15%, a relatively high rate for the region....
View ArticleAustralia GST on Uber drivers
The Australian Federal Court has ruled that drivers providing paid-for car-sharing rides should charge Goods and Services Tax (GST) at 10% Uber BV v. Commissioner of Taxation [2017] FCA 110. There will...
View ArticleItaly VAT split payment
The Italian Finance Ministry has applied to the European Commission for the extension of the VAT split payment mechanism. Spilt payments, an anti-VAT fraud measure, requires the acquirer of designated...
View ArticleAustralia removes e-commerce GST exemption
Australia has published plans to withdraw the 10% import GST exemption on the import of goods by consumers above AUS$1,000 from 1 July 2017. The changes include supplies of e-services (downloads for...
View ArticleSwiss VAT rate cut 2018
The temporary 8% Swiss VAT rate may be returned to the pre-2011 rate of 7.6%. The current, higher rate was voted on in a public referendum to fund certain public expenditure on the railway network....
View ArticleBahrain confirms 2018 VAT
Bahrain has confirmed the introduction of VAT from 1 January 2018. Along with the other five states of the GCC, Bahrain will introduce VAT at 5% to help compensate from the losses on oil duties....
View ArticleGhana VAT changes
The proposed 2017 budget for Ghana has introduced a number of changes to the indirect tax regime. These include: Exemption from VAT for financial services New VAT rate of 3% for certain businesses as...
View ArticleIndia agrees GST laws for 1 July launch
The Indian Goods and Services Tax Council approved today the key new law for the new Central GST and Integrated GST laws. This means the new consumption tax could be launched 1 July 2017. This follows...
View ArticleItaly VAT filings update
Italy has updated the requirements for the new, 2017 filing obligations. The new regime was designed to move from monthly payments and 1 annual return to quarterly returns and quarterly electronic...
View ArticleUAE 5% VAT Jan 2018
The United Arab Emirates confirms that it will introduce VAT from the 1 January 2018 despite legislation still not being published. The threshold for registrations will be $100,000 sales per annum....
View ArticleEU ECJ says no to ebook reduced VAT
The European Court of Justice has today ruled (Case C-390/15) that e-books are not entitled to the same reduced EU VAT rates as printed books. The court held that having differing rates was not...
View ArticleReady for VAT in the Gulf – 2018
Many businesses trading in the Arabian Gulf region remain unprepared for the implementation of Value Added Tax in the six Gulf Co-operation Council states. This puts them at risk of delays in product...
View Article