EU drops standard VAT return proposal
The European Commission (EC) has announced that it is to drop plans to introduce a standard EU VAT return for the 28 member states. The concept of a harmonized EU VAT return was proposed by the EC...
View ArticleEU considers minor €5k VAT MOSS registration threshold
The EU is considering imposing only a minor VAT registration threshold of €5,000 for providers of digital services to consumers across the single market. The update will be a major disappointment...
View ArticleItaly drops MOSS VAT invoices
Italy has confirmed that providers of electronic, broadcast and telecommunications services to consumers do not have to produce sales invoices for their customers. The measure, backdated to January...
View ArticleRussia foreign digital services VAT 2017
A Bill has been introduced into the Russian Parliament to levy 18% VAT on the supplies of digital services to Russian consumers by non-resident providers from 1 January 2017. The new tax will hit...
View ArticleHungary drops EU VAT MOSS invoices
Hungary has formally dropped the requirement for foreign providers selling digital services to Hungarian consumers to produce locally compliance invoices. This includes B2C sales of broadcast and...
View ArticleEU tax advisors propose €125,000 VAT MOSS threshold
The Confederation Fiscale Europeenne (CFE), the association of European tax advisors, has recommended a Mini One-Stop-Shop (MOSS) VAT registration threshold of €125,000 per annum. Modernising VAT...
View ArticleConfusion on EU VAT MOSS refunds
Following the introduction on 1 January 2015 of the B2C digital services Mini One-Stop-Shop (MOSS) reporting portal, many companies have been experiencing problems with VAT refunds and corrections....
View ArticleLuxembourg stable after VAT MOSS losses
Luxembourg has been given a positive review by a major credit rating agency on its handling of revenue losses following the 2015 B2C digital EU VAT changes. Prior to 2015, many digital services...
View ArticleUK MOSS VAT update
The UK’s HMRC has produced new guidance for ‘micro-businesses’ for compliance with the 2015 EU VAT changes on digital services. The aim is to help such businesses – below the UK’s VAT registration...
View ArticleUK ejects microbusinesses from VAT MOSS
The UK’s tax authorities has begun the process of striking off some micro-businesses from the UK’s EU MOSS reporting regime for sales of digital services to consumers across Europe. Such companies...
View ArticleIsrael VAT bill on foreign digital services
The Israeli Tax Authority has issued its draft bill to tax foreign providers of digital services to consumers with 17% VAT. The new proposal will seek to tax income on services to Israeli consumers...
View ArticleRussia 2017 digital VAT law progresses
The Bill to impose VAT on sales to Russian consumers of electronic services from foreign providers progressed to a third, and final reading in the Parliament. The plan is to implement the VAT law from...
View ArticleBREXIT UK to leave EU VAT regime 2020
On Thursday 23 June 2016, the UK public voted to leave the European Union. Referred to as ‘BREXIT’, the vote may result in the UK no longer being required to comply with the Union’s EU VAT regime...
View ArticleRussia foreign digital services VAT
The Russian Parliament has approved this month a new Act to impose 18% VAT on the e-services provided to its consumers by non-resident providers. The new levy will come into effect on 1 January 2017....
View ArticleTaiwan plans VAT on foreign e-services.
Taiwan has become the latest Asia Pacific country to plan the imposition of VAT on electronic services supplied by foreign providers to local consumers. Currently, when Taiwanese consumers purchase...
View ArticleBREXIT extra EU VAT MOSS registrations
On 23 June, the UK voted to leave the European Union. This could mean additional EU VAT MOSS registration and reporting for UK-based providers to consumers of e-services. The hardest hit would be micro...
View ArticleSouth Africa review non-resident digital VAT
South Africa has produced a consultative document on the VAT liabilities of non-resident e-service providers. Since October 2015, foreign providers of digital services to South African consumers have...
View ArticleBelarus VAT on e-services 2017
Belarus is introduce 20% VAT on the provision of electronic services to its consumers by foreign providers from 1 January 2017. The move follows similar plans by Russia. The new VAT will extend to fees...
View ArticleBelgium 6% e-book VAT
Belgium is looking to reduce the VAT rate on electronic books from its standard rate of 21% to the reduced rate of 6%. Its Parliamentary Committee for Finance last week agreed to lower the rate, and...
View ArticleItaly confirms Pescara MOSS office
Italy confirmed yesterday that its Pescara VAT office is responsible for the processing of MOSS VAT registrations and returns. All Italian firms providing e-serivces to Italian and other EU consumers...
View Article