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India Determined to Raise Taxes and Review Exemptions in a Bid to Increase Revenue

The move to review tax rates, exemptions and the cess comes amid a shortfall in revenue receipts of the union.

December 4, 2019
Why Half of Small Businesses Make VAT Return Errors

Why Half of Small Businesses Make VAT Return Errors

December 2, 2019
MTD for VAT — A New Compliance Rule for UK Businesses

MTD for VAT — A New Compliance Rule for UK Businesses

December 2, 2019
6 Steps For Submitting VAT Returns Correctly

6 Steps For Submitting VAT Returns Correctly

December 2, 2019
About Cryptocurrency and VAT Implications

The World is Watching: Cryptocurrency and VAT Implications

December 2, 2019
The Viability of Removing VAT on Digital Publications

The Viability of Removing VAT on Digital Publications

December 2, 2019
Taxing Digital Platforms: The Uber Test

Taxing Digital Platforms: The Uber Test

December 2, 2019
Norwegian VAT Law Change Demands Local Registration in 2020

Businesses shipping to and selling goods in Norway are in for extra VAT registration admin in 2020.

November 28, 2019
Why overlooking the VAT determination process is detrimental in the era of tax digitalisation

As tax moves into the digital world, hundreds of thousands of organisations across Europe will face substantial challenges when it comes to adhering to VAT.

October 22, 2019
Infringement Proceedings Brought Against Germany Over E-commerce VAT Rules

The European Commission decided to initiate formal infringement proceedings against Germany over section 22f & 25e of the German VAT Act.

October 17, 2019
HMRC Issue Letters on No-Deal Brexit Advice For UK Businesses Trading within the EU

HMRC letters to VAT-registered businesses trading with the EU explaining how to prepare for changes to customs, excise and VAT if the UK leaves the EU without a deal.

October 14, 2019
Revolutionary Digitised Tax System 'myDATA' Introduced in Greece

Greece’s government have made significant changes to their tax system which aims to simplify taxpayers filing requirements.

October 10, 2019
Important Changes For Intra-Community VAT in Poland

As of 1st January 2020, significant changes to intra-community VAT system in Poland will come into effect.

October 2, 2019
Bulgaria Target Reduction to EU VAT Gap

Bulgaria have amended their VAT registration rules for taxpayers

September 30, 2019
Portugal Tax Authorities Clarify That Buying & Selling Cryptocurrency Is Tax-Free

The Portuguese Tax & Customs Authority (PTA) have announced the buying or selling cryptocurrency in Portugal is a tax-free transaction.

September 23, 2019
Domestic Reverse Charge For Construction Sector Delayed

HMRC has announced a delay to the introduction of the VAT Domestic Reverse Charge for construction businesses after a coalition of trade bodies and organisations highlighted its potentially damaging consequences.

September 16, 2019
Significant Changes to Polish VAT System

Discover a comprehensive review of the implemented and upcoming changes to the Polish VAT system.

September 11, 2019
Impact of Brexit on UK VAT

VAT expert and VATGlobal CEO, Gareth Kobrin explains the impact of Brexit on UK businesses.

September 10, 2019
VAT Gap Report Highlights Significant Losses in VAT Revenue Across Europe

EU countries lost €137 billion in VAT revenues in 2017

September 9, 2019
Greece Announce UK Businesses Will Require A Fiscal Representative in They Leave the EU Without a Deal

Greece’s Independent Authority for Public Revenue have just confirmed UK established firms will now require fiscal representation to perform taxable transactions should a no-deal Brexit occur.

September 5, 2019
UAE Introduce Electronic System for New Excise Tax Reporting

The Federal Tax Authority has unveiled a new electronic system designed to aid the registering of excise goods in the UAE.

August 21, 2019
10% of UK Businesses Miss First MTD Deadline

HMRC figures show one in ten UK firms filed VAT non-compliantly after the first deadline.

August 16, 2019
Croatia Announce Reduction to Standard VAT Rate

Croatian Finance Minister, Zdravko Maric, announces plans to reduce standard VAT rate to boost national tourism, hospitality and food & drink industries.

August 6, 2019
Financial Times Discuss The Future of VAT with Russian Head of Federal Tax

Showing his plans for the first time to an International media organisation, Mishutin shares he is an advocate for digital, real-time tax administration with no tax returns in Russia.

August 2, 2019
Foreign Businesses No Longer Require A Local Fiscal Representative In Saudi Arabia

Saudi Arabia have amended their VAT laws as of 18th July 2019.

July 29, 2019
Review of European VAT Reductions Announced in July 2019

This month an increasing number of European countries have announced planned VAT reductions across a wide range of goods and services.

July 26, 2019
New Greek Government Planning Major Tax Cuts

Among changes announced were a substantial reduction in both corporate tax and value-added tax (VAT).

July 18, 2019
Digital Services Tax Heading to France

Legislation approved in France this week imposes a digital services tax on technology firms.

July 16, 2019
Construction Sector Building Up For A Cash-Flow Crisis

Thousands of construction companies are facing a 20% drop in cash flow when VAT changes come into force in October.

July 11, 2019
Crypto Tax Crackdown

US announce crackdown on crypto tax evasion, whilst other countries exempt crypto from VAT altogether.

July 10, 2019
Japan To Increase Consumption Tax Despite Impending Recession

Japan set to raise Consumption Tax by 1st October 2019

July 5, 2019
Widespread Intrastat Changes Across Europe

Intrastat thresholds have changed in several EU countries as of 2019. Discover the changes and how it impacts you.

July 2, 2019
HMRC Announce Unpopular Proposal to Significantly Increase VAT On Solar Panels

HMRC put forward legislation to increase VAT for home solar-power systems from 5% to 20%.

June 28, 2019
Calls to End Aviation's Tax Break In The EU

The Netherlands and France have joined forces in attempts to convince other European countries to end the current tax exemptions on jet fuel and plane tickets, as part of an ongoing drive to make the EU carbon neutral by 2050.

June 27, 2019
Kuwait Ministry of Finance Announce Introduction of VAT

Kuwait reports indicate that it plans to implement a 5% VAT regime from 1st April 2021.

June 24, 2019
Poland Delay Replacement of VAT System with SAF-T to 2020

The Polish Ministry of Finance has delayed the introduction of SAF-T to replace the existing VAT system to 2020.

June 18, 2019
Range of Surprising New Tax Laws Introduced in Costa Rica

Effective from 1st July 2019, the number of products and services that will be subject to VAT has significantly increased in the country.

June 13, 2019
California Sales Tax for Remote Sellers

A sales tax registration & collection obligation imposed on remote sellers which exceed $500,000 in sales in California.

June 12, 2019
Wide Ranging VAT Reductions Approved in Greece

The Greek PM's proposal for reduction in VAT across a wide range of goods is approved.

June 6, 2019
HMRC Targeting Construction Firms to Prevent VAT Fraud

Construction sector businesses have been warned they will be the focus of targeted rule changes that aim to tackle VAT fraud.

June 4, 2019
Requirement to Appoint a VAT Fiscal Representative In Iceland Ends

Businesses selling in, or to, Iceland will no longer require a fiscal representative for VAT

May 31, 2019
HMRC Opens Investigation into Uber Over £1bn Unpaid VAT

HMRC is looking to whether Uber should be classified as a transportation company, and therefore liable to pay VAT in the UK.

May 22, 2019
UAE Averaging 8,000 VAT Refunds Every Day

500 days since it's introduction, VAT refunds in the UAE are soaring.

May 21, 2019
UK MP Calls for Scrapping VAT Applied to Sunscreen

UK MP Chris Bryant calls for scrapping the 20% VAT rate applied to sunscreen products, encouraging more people to regularly use it.

May 15, 2019
Greek VAT Reductions Aims to Increase Tourism

On the eve of a European election, Greek Prime Minister Alexis Tsipras proposes a number of significant tax reductions focusing on increasing tourism to the country.

May 13, 2019
New 'Super Weapon' Against VAT Fraud In Europe

The Transactional Network Analysis quickly uncovers suspicious transactions and fraudulent VAT activity.

May 9, 2019
Lithuania to Reduce Standard Rate of VAT

A proposed VAT law change is close to being implemented in Lithuania in attempts to boost the economy.

May 7, 2019
European Commission Announce VAT Exemption for Supplies to Armed Forces

Under the new rules, armed forces deployed outside their own Member State would not pay VAT or excise duty to other Member States

April 30, 2019
Kuwait Announce Introduction of VAT in 2021

Following an announcement from the Budget Committee in Kuwait, VAT will not be introduced to the state for at least two years.

April 26, 2019
Five Key Changes to China's VAT in 2019 | Chinese VAT

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. | Chinese VAT

December 3, 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