Poland raises VAT registration threshold
Poland is to increase its VAT registration threshold from €30,000 to €40,000 from 1 January 2017. The country has received authorization from the EU, which is required under the EU VAT Directive. The...
View ArticleEU e-commerce VAT plan
On 1 December, the European Commission issued a range of measures to simplify the EU VAT regime, and make compliance easier for e-commerce. These will need to be agreed in full with the 28 member...
View ArticleNon-EU e-retail faces 40% EU VAT & customs hikes
The European Union has announced this week that it will scrap the VAT and customs exemptions for small packages delivered by non-EU e-commerce businesses. The change is scheduled for 2021. The change,...
View ArticleItaly VAT refund changes
Italy has guaranteed to provide VAT refunds for claims made by non-resident tax payers within 4 months of the claim submission. VAT recovery claims under the EU 8th VAT Directive for Italian VAT...
View ArticleEU VAT MOSS €10,000 threshold
The European Commission has proposed that a VAT registration threshold for cross border sales of electronic services be introduced in 2018. The move will benefit thousands of micro-businesses who had...
View ArticleFrench 22% VAT possibility
The prospect of a 2% VAT increase in France – from 20% to 22% – has been raised by presidential-favourite Francois Fillion. The former prime minister won last month’s Republican party nomination. He...
View ArticleBulgaria VAT changes
Bulgaria has implemented a range of changes to the VAT Act. These will come into effect on 1 January 2017, and includes: Changes to the rules on deductible VAT for supplies made into consortiums New...
View ArticleSpain e-invoice filings July 2017
Spain is to re-launch the requirement for certain tax payers to file electronic invoices within 4 days of issuance. The requirement will be placed on monthly VAT filers, and large enterprises. The...
View ArticleGreece EU VAT bail out dispute
Greece announced this week that it would not proceed with a planned VAT raise on certain holiday islands. The austerity measure has been agreed with major debtors of the country as part of a bail out...
View ArticleCzech cuts newspaper VAT to 10%
The Czech parliament has approved a reduction of the VAT rate on newspapers and journals from 15% to 10%. The change will apply from 1 January 2017. The cut is to provide a tax subsidy to an industry...
View ArticleGerman VAT return filing change
Germany is proposing a range of measures (Bürokratieentlastungsgesetz II) to simplify the VAT compliance burden on small companies. These include: The annual VAT return will be due on 31 July of the...
View ArticleNorway 2017 VAT changes
A number of VAT changes are to be introduced from 1 January 2017 in Norway. These include: Importers will be able to defer payment of import VAT by reporting the input and output VAT simultaneously in...
View ArticleCroatia VAT changes
Croatia has moved a number of changes to its VAT Act to come into effect in 2018. These include: The VAT rate will be cut from 24% to 25% from 1 January 2018 The VAT registration threshold for resident...
View ArticleLatvia VAT changes
The Latvian 2017 budget has introduced a range of changes to the VAT law. These amendments include: The option for bi-annual VAT returns for small businesses has been abolished. VAT registered...
View ArticleCzech reduces VAT on restaurants
The Czech Republic has reduced that Value Added Tax rate on food-related services from 21% to 15%. The services include food provided in restaurants and cafes, but excludes alcohol provided as part of...
View ArticleCyprus VAT e-filings compulsory May 2017
From 2 May 2017, VAT registered entrepreneurs will be required to file their VAT returns online. The Cypriot VAT reporting portal, TAXISnet, is now fully operational for all VAT returns and...
View ArticleEU VAT fraud sweeping reverse charge proposal
The European Commission has proposed allowing member states to introduce the domestic reverse charge on all B2B transactions above €10,000 across all sectors. The move would effectively remove VAT...
View ArticleBulgaria lowers Intrastat thresholds
Bulgaria is to lower the reporting threshold for Intrastat filings from 1 January 2017. The new threshold for reporting arrivals of goods from other EU member states will be BGN 410,000, down from BGN...
View ArticleFinland 2017 VAT changes
Finland is to introduce a range of changes to the VAT regime from 1 January 2016. These amendments include: A new online tax reporting portal, OMAVERO, is to be launched All tax payers must file...
View ArticleHungary live invoice reporting July 2017
From 1 July 2017, all Hungarian VAT registered businesses will be required to electronically live report all B2B sales invoices with VAT above HUF100,000. Hungarian VAT is currently 27%, so the net...
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