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Five Key Changes to China's VAT in 2019

Part of a major overhaul of pre-existing VAT systems, the Chinese Government are implementing a number of significant changes to their VAT laws and processes.

April 24, 2019
Changes To International VAT Rates in 2019

A concise list of all major changes made to Value Added Tax (and Goods & Services Tax) rates around the world that have come into effect since 1st January 2019.

April 17, 2019
Bahrain’s biggest businesses prepare for their first VAT return

By the end of the month, Bahraini businesses will have to submit their first ever VAT return within the country.

April 15, 2019
VAT Refund Scheme Introduced for Foreign Business Visitors to the UAE

The Federal Tax Authority in the United Arab Emirates have introduced a VAT refund scheme for foreign business visitors traveling to the area.

April 4, 2019
2019 European Tax Technology Survey

A summary of the 2019 Thomson Reuters report on how tax teams are tackling the challenges of a digital tax world.

April 2, 2019
Over 300,000 businesses now registered for VAT in the UAE

The Federal Tax Authority in the UAE see a record number of VAT registrations.

April 2, 2019
Making Sense of Making Tax Digital with SAP Concur

Gareth Kobrin, CEO of VATGlobal & Abbey Heller, of SAP Concur, discuss the upcoming Making Tax Digital deadline.

April 2, 2019
China Continue to Cut Tax Rates

Following the decision of the State Council, the Ministry of Finance in China has announced $298bn tax cuts to boost growth.

April 2, 2019
Italian Government are Preparing for a No-Deal Brexit

Italian authorities have announced their plans ahead of the UK's possible no-deal Brexit departure.

April 2, 2019
Introduction of a U.S Consumption Tax Would Raise $3 Trillion

U.S. Consumption Tax of 5% could raise $3 trillion by 2028 says Congressional Budget Office.

April 2, 2019
EU Exit - Update from HMRC

HMRC outline important changes to customs procedures and VAT for UK-EU trade that will occur if the UK leaves the EU without a deal.

March 25, 2019
Major changes to the Polish VAT system

New legislation announced sees enforced split payments for industries susceptible to VAT fraud. As well as a new list of goods and services, currently at 8% VAT, that will be reduced to a rate of 5% based on CN codes and the Polish classification of goods and services.

March 25, 2019
Belgium-VAT numbers post Brexit

UK businesses VAT registered in Belgium will be required to appoint a fiscal representative post Brexit

March 25, 2019
UK Brexit-MOSS Rules

Businesses currently using the MOSS system in the UK must be aware of changes following Brexit

February 5, 2019
UK Brexit-Urgent action for 2018 claims

UK businesses wishing to claim EU VAT incurred in 2018 must act now

February 5, 2019
UK-Import VAT deferral

The statutory instrument enabling businesses to defer UK import VAT has recently been issued

January 25, 2019
UK-HMRC issue letter to businesses regarding 'no-deal' Brexit

Businesses who may be heavily affected by a 'no-deal' Brexit have received letters from HMRC

January 18, 2019
May's historic Brexit loss - what now for VAT?

With the massive loss experienced by the Prime Minister in the Commons yesterday, we have never been further away from a deal. Without a deal agreed between the UK and EU, there is nothing but uncertainty from a VAT perspective...

January 16, 2019
EU-MOSS scheme changes

From 1 January 2019, new rules will be introduced for the VAT MOSS scheme in the EU

January 8, 2019
Turkey-Standard rate applicable to e-publications

Certain e-publications previously subject to the reduced rate will now be standard rated

January 7, 2019
Costa Rica-Introduction of VAT

Costa Rica will introduce VAT in 2019

January 7, 2019
South Korea-Expansion of VAT rules for e-services

Additional services have been brought into the scope of Korean VAT

December 20, 2018
Bahrain-Large business registration deadline

Businesses with a certain taxable turnover in Bahrain must register for VAT by 20 December 2018.

December 17, 2018
New details on rules for e-commerce presented by European Commission

The EC today announced detailed measures that are intended to ease the transition to new VAT rules for e-commerce that come into force in January 2021. The rules announced today (11 December, 2018), lay out the steps needed to 1) ensure that online marketplaces take responsibility and 2) ease the administrative burdens for e-commerce businesses

December 11, 2018
UK-A brief guide to Making Tax Digital

From April 2019, UK VAT registered business over the mandatory threshold of £85,000 will be required to meet new digital requirements for their UK VAT filing

December 4, 2018
Russia-B2B e-services

B2B supplies of e-services will soon be subject to Russian VAT

November 28, 2018
EU-Reduction of VAT rates for e-publications

E-publications may soon no longer be subject to the standard rate of VAT across the EU

November 27, 2018
Russia-Standard rate increase

Russian standard VAT rate will rise in 2019

November 27, 2018
Bahrain-Introduction of VAT

Bahrain to introduce VAT in 2019

November 27, 2018
EU-VAT gap report

The 2016 VAT gap report for the 28 EU member states has recently been released

September 28, 2018
UK-Implications of a 'no-deal' Brexit

The UK government has released guidance on the VAT impacts of the UK leaving the EU with no deal negotiated

August 23, 2018
South Korea - VAT has been extended to foreign cloud computing

The scope of VAT has been extended to foreign B2C cloud computer services.

August 13, 2018
Romania postponing VAT cut

Romania is considering postponing cutting the19% VAT rate to 18% for 2019.

August 3, 2018
Malaysia-Sales and Service Tax to be introduced

Sales and Service tax will replace GST in Malaysia

July 31, 2018
Russia-Standard rate to increase

The standard rate in Russia will increase in 2019

July 31, 2018
Making Sense of Making Tax Digital

Making Tax Digital (MTD) is an initiative by HMRC to provide a more technologically-driven approach to tax in order to improve efficiency, reduce errors, increase transparency and streamline processes.

July 31, 2018
South Dakota vs Wayfair Inc.

To combat the inequality, South Dakota brought a case against Wayfair Inc which said that even if the supplier had no physical nexus in the classic sense, they should still collect and remit sales tax on online sales, to level the playing field with suppliers who do have a nexus.

July 6, 2018
Russia-VAT rate increase

The Russian standard rate is to increase

June 20, 2018
Malta-VAT grouping

Multiple entities can now form VAT groups in Malta

June 20, 2018
UK-VAT area post-Brexit

Some reports are suggesting the UK may remain within the EU VAT area following Brexit

June 5, 2018
Malaysia-GST 'scrapped' from 1 June 2018

Malaysia has announced GST will be reduced to 0% from June 2018

May 16, 2018
GCC-Kuwait to postpone VAT implementation

Kuwait's parliament budget committee has announced the postponement of the VAT implementation until 2021

May 15, 2018
Australia-Changes for non-established accommodation suppliers

In the recent budget, it was announced that non-Australian entities making supplies of accommodation may be brought into the GST net

May 14, 2018
Split Payments in Poland - Introduced in July 2018

As from 1st of July 2018, new VAT regulations implementing a mechanism called Split Payment will come into force for eligible Polish taxpayers. Payment for an invoice will be split between two bank accounts of the seller: net value will be transferred to the regular bank account and the VAT value will be transferred to the VAT bank account.

May 2, 2018
Real-time VAT audit reporting: An automated solution

Hungary will be implementing a real-time SAF-T audit obligation in July 2018. This is the third EU state to introduce the taxing audit requirement. As the trend continues for tax office opting for the SAF-T approach, automated tech solutions should be considered. Read about how VATGlobal's R&D and tech departments are collaborating to develop systems to help our clients...

April 24, 2018
The increasing taxation of the digital economy

The trend in business in undeniably a shift towards the provision of services which are provided online. As the world has moved more digital, tax offices around the world want to ensure they have the necessary laws in place to be able to earn their tax revenues accordingly. This has been identified as a key revenue source and therefore an area of major focus for tax offices around the world...

April 23, 2018
GCC-High levels of VAT compliance in UAE

Figures released show levels of VAT compliance in UAE

April 11, 2018
Canada-Digital services QST registration

Businesse not resident in Quebec may have QST registartion obligations if they supply digital services

April 6, 2018
Romania-VAT threshold increase

Romania has increased the VAT registration threshold for resident businesses.

April 6, 2018
UK-Spring statement

The UK chancellor yesterday released his spring statement, with 3 VAT announcements

March 14, 2018
EU-Infringement proceedings issued regarding VAT treatment of yachts

The European Commission has issued infringement proceedings to Cyprus, Greece and Malta regarding their VAT treatment of yachts

March 12, 2018
UAE-Authorities release details of VAT refunds for overseas businesses

The FTA in UAE has released details of how overseas businesses not registered for UAE VAT can reclaim UAE VAT incurred.

March 12, 2018
Singapore-Imported digital sales to be liable to GST

Singapore is the latest country to apply tax to imported digital services

February 21, 2018
South Africa-VAT rate increase

The standard rate of VAT in South Africa will rise to 15%

February 21, 2018
EU/Norway-Fraud prevention deal concluded

The EU and Norway will now cooperate more in the fight against VAT fraud

February 8, 2018
Bahrain-VAT implementation

Bahrain is set to be the 3rd GCC state to implement VAT

February 8, 2018
EU-Proposals to simplify VAT for SME's

The EU has recently released a proposal with 2 key aims to ease the burden of VAT, specifically on smaller businesses

January 19, 2018
Gulf VAT-Bahrain to introduce VAT in 2018

Bahrain announce plans to implement VAT

January 5, 2018
Russia-Changes to B2B supplies of e-services

From 2019, foreign suppliers will need to charge Russian VAT on B2B supplies of e-services

January 5, 2018
Gulf VAT-Oman to delay implementation

Oman to implement VAT in 2019

January 5, 2018
Turkey-New rules for e-service suppliers

Non-established businesses supplying e-services to Turkish customers will shortly have VAT registration obligations in the country.

December 19, 2017
Brexit and the latest VAT issues

From a VAT perspective, the impact of Brexit will be significant. Supplies made to and from the UK will, in future, be exports and imports rather than intra-community dispatches and acquisitions. Under the current rules the UK is part of the single market and so goods can move freely between the UK and other EU member states, with VAT generally accounted for under a ‘reverse charge’ type mechanism. Looking forward, such movements will be potentially subject to import VAT, customs duties, and additional levels of administration and bureaucracy. How will the so-called "hard border" between the Republic of Ireland and Northern Ireland impact VAT compliance, fraud and trade in general?

December 17, 2017
New Product Release - VAT Calendar

Do you have multiple VAT compliance reporting obligations and no centralised place to manage them? VATGlobal has developed a web-based VAT calendar where you can gain control of all the various VAT returns, EC sales lists, intrastats and other declarations that your company has to file...

December 17, 2017
EU-Ecofin approves e-commerce package

On 5 December 2015 at a meeting of the Economic and Financial Affairs Council ("ECOFIN"), new VAT regulations were approved

December 6, 2017
VATGlobal now accepts Bitcoin!

The cryptocurrency is about to breach the $20,000 mark - but do you understand how your BTC transactions will be taxed?

December 17, 2017
UK-Budget outcomes

The UK Budget, announced this week, announced some VAT changes

November 24, 2017
USA-Amazon to collect taxes in certain states

Legislative changes mean that Amazon may now collect sales tax on behalf of merchants

November 20, 2017
India-GST reduction on many items

The GST rate applicable to many goods has been reduced

November 17, 2017
Belarus-E-services rules

Foreign suppliers of B2C services may have VAT registration obligations from January 2018

November 17, 2017
EU-Opposition to e-commerce proposals

Online giants Amazon and Ebay have expressed opinions about their concern over proposed new e-commerce VAT rules.

November 13, 2017
Romania-Registration threshold increased

The VAT registration threshold for established businesses will increase

November 8, 2017
Norway-SAF-T postponed

The implementation of the SAF-T requirements in Norway has been postponed

November 8, 2017
ECJ-Guarantee required upon registration

A recent ECJ case clarifies proportionately of financial guarantees requested by tax authorities

November 8, 2017
Slovakia-New rules for certain non-established businesses

From January 2018, VAT registration obligations may be removed for some non-Slovakian businesses

November 8, 2017
Italy-No VAT rate increases in 2018

The Italian government has recently announced that the planned increase in VAT rates will not proceed.

November 8, 2017
UK-Report released on online seller VAT fraud

The UK government has released a report on the issue of online retail platforms not assisting fully with online VAT fraud

October 23, 2017
EC-Letter of formal notice sent to Hungary

The EC has recenly issued a letter of formal notice in respect of Hungary's use of the EKAER system

October 10, 2017
EC-Letter of formal notice issued to Germany

The EC has recently issued a letter of formal notice to Germany in respect of VAT refund violations

October 10, 2017
EC-B2B sales proposal to reduce fraud

The EC has recently proposed a series of changes to existing VAT law to reduce levels of fraud

October 5, 2017
EC-VAT gap report

The European Commission has recently released the 2015 EU VAT gap report

October 4, 2017
Swiss VAT Update - Rates change

The Switzerland VAT rate is set to revertto 7.7% from January 2018

September 28, 2017
VATGlobal - GCC VAT Solutions

VATGlobal has finalised the set up of our new operations in the Gulf. As registered VAT agents in the region, we are now certified to assist businesses with their VAT registration, compliance and reporting.

September 27, 2017
VATGlobal is a sponsor of Prosper 2018 - March 2018

VATGlobal will be sponsoring the Prosper Show in Las Vegas in March 2018. This is the best event for Amazon sellers and suppliers and is a must-see for all vendors and partners

October 2, 2017
Iceland-Budget proposal

Changes to VAT rates have been announced in the recent Icelandic budget proposal

September 21, 2017
Netherlands-Tax Plan 2018

The Dutch authorities have outlined their intentions for 2018

September 21, 2017
Reminder-EU VAT refund claims

The submission deadline for EU VAT claims is fast approaching.

September 6, 2017
UAE-VAT law released

The UAE tax authorities have now released the VAT law ahead of implementation in 2018.

August 30, 2017
UK-Upper tribunal permits Sports Direct to appeal HMRC letter

UK Sports retail giant Sports Direct, owned by British businessman Mike Ashley, has been given permission by the UK upper tribunal to appeal a decision letter issued by HMRC.

August 30, 2017
Brexit-UK government to impose VAT and customs duty if no deal can be reached

The UK government has recently published a paper outlining its plans for the movement of goods from the EU going forward

August 23, 2017
Saudi Arabia-VAT registration deadline

The Saudi tax authorities have given a deadline for businesses to register for VAT

August 15, 2017
Romania-Split payment method proposed

The Romanian tax authority has proposed legislation which would see taxpayers collect VAT in a specified VAT bank account

August 15, 2017
UAE-Release of federal law on tax procedures

The UAE authorities have released details of the federal law on tax procedured that will apply to VAT

August 3, 2017
Saudi Arabia-VAT update

The latest VAT information from the Saudi authorities has now been released

July 20, 2017
ECJ case-Payment of 8th directive claims

The ECJ has decided on a case where the Romanian authorities rejected payment of an 8th directive claim

July 20, 2017
UAE-Further details announced on VAT introduction

The UAE authorities have recently released further details on how the new VAT system will operate

July 7, 2017
EU-Cross-border ruling pilot extended

The pilot scheme for cross-border VAT rulings has been extended

July 3, 2017
Reduced VAT rate for e-Books back in the news

The EU's Economic & Financial Affairs Council ("ECOFIN") has announced that they have not been able to come to an agreement regarding reduced VAT rates on e-Books to match printed books

July 3, 2017
Netherlands-Telecommunications reverse charge

The Dutch government has introduced a new reverse charge rule for telecommunications services.

June 5, 2017
Saudi Arabia-Draft VAT law introduced

Saudi Arabia has become the first GCC member state to release its draft VAT legislation

June 1, 2017
Switzerland-VAT reduced rated e-publications

Switzerland plans to apply the reduced rate to e-publications

June 1, 2017