Ireland’s Minister of Foreign Affairs expressed concern that the UK could take unilateral action over the Northern Ireland protocol. Foreign Affairs Minister Simon Coveney said that if the UK invokes the ‘safeguards’ built into Article 16, a clause in Northern
The Czech Ministry of Finance is seeking authorisation to increase the turnover threshold for VAT. Currently, businesses with a turnover of CZK 1 million or more must register for VAT. The amount is in line with the EU’s common system
Digital platforms in Manitoba have an obligation to collect and manage Retail Sales Tax (RST) from 1 December 2021. The Canadian province’s 2021 budget implements a number of measures to “help ensure Manitoba businesses are competing on a level playing
Saudi Arabia has ruled out an immediate VAT cut. Finance Minister Mohammed Al-Jadaan however said that a rate cut could be on the cards down the line, when finances improve. Saudi Arabia increased its VAT rate from 5% to 15%
Malawi is imposing VAT on certain banking transactions. However, stakeholders remain confused about precisely how authorities will implement the new VAT rules. Following an amendment to the VAT Act, authorities are charging VAT of 16.5% on specified transactions. Initial reports
Vietnam is providing VAT relief for the hospitality sector to provide economic relief in the wake of the Covid pandemic. Vietnamese VAT relief also extends to other hard-hit sectors, including publishing, film and sports. Which sectors are covered? As part
Nearly 80% of total car sales in Norway in September 2021 were electric vehicles. The surge is driven, in part, by a VAT exemption on electric cars. The Norwegian Road Federation says that 77.5% of new cars sold in the
The US has reached a deal with Austria, France, Italy, Spain and the UK on digital services taxes. Under the agreement, the European countries can maintain their digital services taxes until they establish the OECD digital services tax framework. “We
The EU’s VAT e-commerce package has benefited online retailers in Europe. However there are a number of important VAT issues that still need to be worked out. That’s according to preliminary results of a survey by online retailer industry body
Ireland’s proposed 2022 budget was announced in October 2021. The budget contains a number of VAT measures. Notably, the government will extend Ireland’s reduced 9% VAT rate for the hospitality sector until 31 August 2022. Ireland initially introduced the hospitality