Brazil ICMS on digital services 2018
The Brazilian state has confirmed the liability to ICMS for digital services from 1 April 2018. The consumption tax will only be applicable on sales to consumers – not B2B transactions. The place of...
View ArticleDutch cut labour taxes via VAT rise
The Netherlands has announced a reduced VAT rate rise from 6% to 9% to pay for income tax rate cuts and band simplifications. The number of income tax bands will be reduced from 4 to 2, and the rates...
View ArticleNorway SAF-T Jan 2018
Norway is on course to introduce Standard Audit File for Tax (SAF-T) reporting obligations from 1 January 2018. The detailed, electronic transaction reporting requirement, adopted across many European...
View ArticleUK wins EU ruling that Bridge is not VAT exempt sport
The European Court of Justice, ECJ, has today ruled that the card game Bridge is not considered a sport, and therefore 20% VAT is due on tournament or club membership fees. The European court was...
View ArticleGhana VAT e-cash register
Ghana has introduced mandatory ‘Fiscal Electronic Devices’ (FED) for the recording of secure VAT transactions. These are similar to e-cash registers, which live report to tax authorities cash payments...
View ArticleRomania raises VAT registration threshold
Romania is to increase its VAT registration threshold from RON 220,000 to RON 300,000 – approximately €65,000 to €80,000 per year. The new annual turnover threshold will apply from 1 January 2018. The...
View ArticleEU VAT reform challenges
On 4 October, the European Commission (EC) announced a fundamental reform of the EU VAT regime to help combat an estimated €50billion of annual VAT fraud. 3 major changes to the B2B EU VAT regime 2019...
View ArticleArab Gulf VAT update
The six member states of the Gulf Co-operation Council agreed under the Gulf VAT Treaty this year to introduce 5% VAT as a harmonised, VAT union. Below is an update of the progress to date: The post...
View ArticleBulgaria raises Intrastat threshold 2018
Bulgaria is to increase its Intrastat reporting thresholds for 2018, as follows: Arrivals: BGN 430,000 per annum (previously BGN 410,000) Dispatches: BGN 260,000 (previously BGN 240,000) Intrastat was...
View ArticleCompanies cutting UK exposure on hard Brexit fears
In anticipation of Brexit, 1 in 12 businesses are now planning to reduce their business in the UK compared to just 1 in 50 in 2016 The latest Avalara Brexit Survey first carried out in September 2016...
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