UK Bridge is VAT exempt sport – EU legal counsel
The European Court of Justice, ECJ, Attorney General (AG), has today advised that the card game Bridge, is considered a sport and therefore no VAT is due on tournament or club membership fees. UK...
View ArticleEU fails to agree on e-book reduced VAT
On 16 June the EU’s Economic and Financial Affairs Council (ECOFIN) failed to reach agreement on reducing VAT rates on e-books to match printed books. The lack of a resolution comes after years of...
View ArticleAustralia delays foreign e-Commerce GST to Jul 2018
Australia has confirmed that it will delay the imposition of 10% GST on sales of low-value goods to its consumers by non-resident e-Commerce companies. It had been proposed that the low-value...
View ArticleHungary lowers domestic invoice listing threshold
From 1 July 2018, Hungary will recover all VAT-registered businesses to provide a live report of transactions above HUF100,000. This is a lowering of the planned threshold. The report, Belföldi...
View ArticleEU fails to agree on VAT General Reverse Charge
The most recent meeting of EU Finance Ministers (ECOFIN) on 16 June failed to agree on the implementation of the voluntary General Reverse Charge (GRC) to fight VAT fraud. The GRC, promoted by the...
View ArticleUK Brexit EU VAT & Customs Union exit law
In today’s UK Queen’s speech, when the government announces up and coming legislation, initial plans were included for a Bill to exit the EU VAT regime and Customs Union. Later this summer, a Finance...
View ArticleIndia first GST filing delay
India’s GST Council has confirmed that the deadline for the first returns under the new Goods and Services Tax (GST) regime is to be delayed by one month. The new regime launches 1 July 2017, and will...
View ArticleItaly VAT update
A range of changes to the Italian VAT regime have now been enacted, including: A commitment to VAT rate rises if the government fails to meet its Euro budget rules: Current Jan 2018 Jan 2019 Jan 2020...
View ArticleSpanish VAT changes
Several taxable services in Spain have been re-categorised from the standard 21% rate to the reduced 10% rate. These include: Live cultural events, including bullfights Live entertainment events The...
View ArticleIndia drops e-Commerce withholding GST
India has postponed a 1% Goods and Services Tax (GST) withholding tax on sales of goods and services on e-Commerce marketplaces. The tax, Tax Collected at Source (TCS), was planned to be introduced...
View ArticleEgypt VAT rises to 14%
The Egyptian VAT race rises from 13% to 14% on 1 July 2017. Egypt introduced VAT in 2016 at 13%. It replaced a 10% Sales Tax. The plan had been to raise VAT to 14% in October of this year, but a...
View ArticleAlbania cuts hotel VAT rate
Albania has cut the VAT rate on hotel accommodation and services from 20% to 6%. It joins the majority of European countries which subsidise the tourism industry with reduced VAT rates. The exceptions...
View ArticleIndia GST goes live 1 July 2017
India most significant tax reform, the introduction of a single Goods & Services Tax (GST), goes live today. The GST regime will replace over 20 overlapping indirect taxes – including VAT, CENVAT...
View ArticleAvalara VAT Reporting content updates 03-07-2017
Spain SII Updates: From July 1st, SII is officially live. In order to submit all the invoices to the Spanish authorities, we have updated the SII to use production URLS in 17.6.1 release. Czech...
View ArticleChanges to Italy’s filing frequency
Law Decree 193, which was passed by the Italian Government back in October 2016, is now fully in effect. Under the Decree, the filing frequency of the transactional report in Italy, which replaces the...
View ArticleUK VAT splitting update
The UK’s HMRC has added a new tax avoidance arrangement to its list of prohibited schemes. Labelled number 38 in HMRC’s list, this concerns attempt to avoid VAT registration and properly charge UK VAT...
View ArticleItaly VAT filings update
Following the introduction on quarterly VAT returns and invoice listing, the Italian tax authorities have provided additional guidance on reporting. Including: Corrections to filed returns may be...
View ArticleLatvia VAT return update
Latvia has recently changed its VAT returns. Including: Lowering of the threshold for disclosing individual invoices from €1,430 to €150 It has adopted a new tax code, C, for reporting local and...
View ArticleRussia mulls e-services split payments
The Russian tax authority has indicated that it may start requiring online electronic services market places to collect VAT charged on transactions on their marketplaces. The aim would be to ensure...
View ArticleThailand foreign e-services 5% VAT
Thailand has proposed introducing 5% VAT on all non-resident e-services providers selling to local consumers. This would include eliminating the existing annual threshold of baht1,500. In a public...
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