As of 1st January 2020, significant changes to intra-community VAT system in Poland will come into effect.
New regulations concern an amendment to the VAT Act, with new rules when it comes to deleting companies from the VAT taxpayers register.
In the event the UK withdraws from the European Union on October 31st without a withdrawal agreement (a no-deal Brexit),companies which are established in the UK and have obtained a Tax Identification Number (VAT Registration Number) for VAT purposes in Greece..
In 2017, the UAE introduced an ‘excise tax’ on certain products which are deemed to put the health of the people and the environment at risk.
Croatian Finance Minister, Zdravko Maric, has confirmed as of 1st January 2020 Croatia will reduce their standard VAT rate from 25% to 24%.
The Kingdom of Saudi Arabia have amended their VAT laws by removing the requirement for foreign VAT-registered businesses to appoint a local fiscal representative.
Over the past month an increasing number of European countries have announced upcoming VAT reductions applying to a wide range of goods and services.
The UK Treasury, HMRC, have put forward legislation to increase VAT for home solar-power systems from 5% to 20%, ironically on the same day that MPs have been debating the government’s new net zero carbon target for 2050.