Greece to raise VAT registration threshold
Greece is to propose an increase in its VAT registration threshold for resident companies. The Ministry of Finance is to propose increasing the current annual threshold from €10,000 to €25,000. The...
View ArticleEU VAT obstacles for Chinese companies
Chinese enterprises trading across the EU can be hindered by many barriers; particularly EU VAT, which can leave unsuspecting firms facing large fines or delays in deliveries. According to figures...
View ArticleIceland raises VAT registration threshold
Iceland is to raise its VAT registration threshold from ISK 1million to ISK 2million per annum. The new threshold shall apply from 1 January 2017. The post Iceland raises VAT registration threshold...
View ArticleNorway VAT Report and Import VAT deferment
Norway is to introduce a new VAT report from 1 January 2017. The return, ‘Skattemelding’ is a monthly filing. Changes to import VAT The Norweign government has also implemented a import VAT deferment...
View ArticleLithuania VAT invoice registers
Lithuanian VAT registered businesses will be required to maintain register of VAT invoices and transport paperwork. The requirement will cover both sales and purchase invoices. All movements of goods...
View ArticlePortugal VAT reclaim changes
Businesses established outside of the EU will benefit from a new VAT reclaim system in Portugal. Where non-EU companies incur Portuguese VAT, and are not providing taxable supplies requiring a...
View ArticleNorway low-value consignment relief
Norway has been cleared to continuing to operate its VAT and customs duties exemption for low-value packages imported into the country. The exemption was reviewed by the European Free Trade Area, which...
View ArticleBelarus VAT on e-services 2017
Belarus is introduce 20% VAT on the provision of electronic services to its consumers by foreign providers from 1 January 2017. The move follows similar plans by Russia. The new VAT will extend to fees...
View ArticleHungary challenged on internet VAT
The European Commission has requested that Hungary delays its planned cut in VAT on internet services. The EC believes the planned January 2017 reduction from 27% to 18% VAT is in breach of the EU VAT...
View ArticleIreland VAT registration portal
Ireland has launched an online portal for VAT registration documentation submission. The new portal will enable applicants to upload supporting documents (company incorporation certificates etc.)...
View ArticleEU VAT rulings disappoints
The EU VAT Cross-Border Rulings scheme continues to show a disappointing take-up. The scheme is operated by seven member states, and provided answers to companies on cross-border VAT questions. It...
View ArticleBelgium 6% e-book VAT
Belgium is looking to reduce the VAT rate on electronic books from its standard rate of 21% to the reduced rate of 6%. Its Parliamentary Committee for Finance last week agreed to lower the rate, and...
View ArticleEU consults on reduced e-book VAT
The European Commission has launched a public consultation on allowing member states to drop the VAT rates applied on e-books to match those on printed books. The consultation will last till mid...
View ArticleEU criticises French reduced VAT
The European Commission has issued a report that criticises heavily indebted France for over use of reduced VAT rates. The report estimates that France’s extensive use of reduced VAT costs it around 1%...
View ArticleItaly confirms Pescara MOSS office
Italy confirmed yesterday that its Pescara VAT office is responsible for the processing of MOSS VAT registrations and returns. All Italian firms providing e-serivces to Italian and other EU consumers...
View ArticleEstonia raises VAT registration threshold 2018
Estonia is set to increase its Value Added Tax registration threshold from €16,000 to €40,000 per annum. The increase has been proposed to lift many of the smallest companies outside of the VAT...
View ArticleUK VAT cut pitch sensible?
The investment bank, Bank of America Merrill Lynch, has proposed a temporary reduction in the UK’s standard VAT rate from 20% to 17.5%. It has suggested this to counter the inflationary effects of the...
View ArticleEgypt VAT update
The Egyptian Parliament is reviewing implementation Bill for the introduction of VAT potentially next year. The standard VAT rate has yet to be determined, but it is likely to be up to 15%, with a EGP...
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Avalara VAT Automation Summit 2016
In its second year….. Avalara’s VAT Automation Summit, is the must attend event for indirect tax professionals. Join Avalara in London, on the 13th September, for a half day summit, discussing hot...
View ArticleNorway SAF-T January 2017
Norway is proposing to become the latest European country to require VAT registered businesses to produce SAF-T reporting. The plan is to introduce the new requirement from 1 January 2017. The Tax...
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