VAT Reporting update 17.8.1
Overview This release is a scheduled maintenance release of the VAT Reporting application for the month of August. In this release, we have provided updates to SII, enhancements and included several...
View ArticleGulf VAT update
Saudi Arabia published its VAT legislation and implementation regulations ahead of the launch of the indirect tax on 1 January 2018. UAE has also published its VAT legislation, but the detailed...
View ArticleIMF Peer-to-Peer tax proposals
The International Monetary Fund has rejected calls for a rethink of taxation principles for the digital, Peer-to-Peer (P2P) economy. Instead, it suggests that any changes required to adapt to the...
View ArticleIsrael bi-monthly VAT threshold
Israel has lowered for the annual sales threshold for the entitlement to submit bi-monthly VAT returns to ILS 1.49million from ILS 1.5million. This new threshold will apply from 1 January 2018....
View ArticleIndia GST returns delay
Following the introduction of Goods and Services Tax to India on 1 July 2017, the tax authorities have postponed again the deadlines for the three principle monthly filings: Month Return Postponed...
View ArticleItaly delays VAT Books
The Italian tax authorities have confirmed that the deadline for the quarterly VAT Books has been postponed from 18 to 28 September 2017. In addition to the quarterly VAT return, a quarterly VAT Books...
View ArticlePoland delays VAT split payments to April 2018
Poland has announced a delay to the introduction of anti-VAT fraud Split Payments until 1 April 2018. The original date had been 1 January 2018. Split Payments require the payment of the VAT element...
View ArticleUAE VAT in Free Zones
The UAE plans to introduce 5% on from 1 January 2018. This is part of the role out of a VAT and Customs Union plan with the other five Gulf Co-Operation Council states: Bahrain; Kuwait; Oman; Qatar;...
View ArticleEU digital turnover tax a VAT in disguise?
European Union finance minister will this week review a proposal to tax US digital groups’ revenues based on location of their consumers. However, such a turnover tax may transgress EU VAT rules and...
View ArticleUAE 2018 VAT launch questions
Ahead of the January 2018 launch of VAT in the United Arab Emirates, a number of major questions remain following the publication of the VAT Law degree at the end of August. These include: What is the...
View ArticleIndia further GST return delays
India has again delayed the filing deadlines for the initial Goods & Services Tax returns. This is the third delay. The new deadlines are as follows: Month GST Return Latest filing date Jul 2017...
View ArticleEU proposes e-commerce platforms liable for VAT fraud
The EU is progressing with proposals to impose liabilities on online marketplaces for VAT fraud committed by non-EU merchants on their e-commerce platforms. The move will attempt to tackle over €5bn...
View ArticleIsrael bi-monthly VAT threshold
Israel has lowered for the annual sales threshold for the entitlement to submit bi-monthly VAT returns to ILS 1.49million from ILS 1.5million. This new threshold will apply from 1 January 2018....
View ArticleIndia GST returns delay
Following the introduction of Goods and Services Tax to India on 1 July 2017, the tax authorities have postponed again the deadlines for the three principle monthly filings: Month Return Postponed...
View ArticleItaly delays VAT Books
The Italian tax authorities have confirmed that the deadline for the quarterly VAT Books has been postponed from 18 to 28 September 2017. In addition to the quarterly VAT return, a quarterly VAT Books...
View ArticlePoland delays VAT split payments to April 2018
Poland has announced a delay to the introduction of anti-VAT fraud Split Payments until 1 April 2018. The original date had been 1 January 2018. Split Payments require the payment of the VAT element...
View ArticleUAE VAT in Free Zones
The UAE plans to introduce 5% on from 1 January 2018. This is part of the role out of a VAT and Customs Union plan with the other five Gulf Co-Operation Council states: Bahrain; Kuwait; Oman; Qatar;...
View ArticleEU digital turnover tax a VAT in disguise?
European Union finance minister will this week review a proposal to tax US digital groups’ revenues based on location of their consumers. However, such a turnover tax may transgress EU VAT rules and...
View ArticleUAE 2018 VAT launch questions
Ahead of the January 2018 launch of VAT in the United Arab Emirates, a number of major questions remain following the publication of the VAT Law degree at the end of August. These include: What is the...
View ArticleIndia further GST return delays
India has again delayed the filing deadlines for the initial Goods & Services Tax returns. This is the third delay. The new deadlines are as follows: The post India further GST return delays...
View Article