Malta: No requirement of Mini One Stop Shop (MOSS) Invoices
Malta will not be required to provide VAT invoices in accordance with the normal VAT invoice disclosure requirements of the EU VAT Directive which is applicable to the providers of digital services to consumers. The digital services will
See MoreBelgium: Confirmation to increase VAT registration threshold from 2015
The tax authorities of Belgium confirm its plan to increase VAT registration threshold from 2015. The companies having taxable supplies above €25,000 will need to be registered for VAT from 2015. Previous limit on the 6% VAT rate for renovation
See MoreFinland: E-service on VAT special launched
Registration of VAT special scheme starts from 1 October 2014. Companies can submit the information through an e-service. Companies selling telecommunications, radio and television broadcasting and electronic services to consumers in the EU must
See MoreRegister for and use the VAT Mini One Stop Shop
If your business has supplied digital services to consumers in the EU, you can register for HM Revenue and Customs’ (HMRC’s) VAT MOSS scheme if your business is: based in the UK (union VAT MOSS scheme) a non-EU businesses (non-union VAT MOSS
See MoreSpain: Planning To Change VAT Compliance 2015
The Spanish Government is planning to change the Spanish Value Added Tax regime and this will be effective from 1 January 2015. The changes are as follows; Transaction of barter must be included in the agreement by both sides in terms
See MoreChina increases VAT registration threshold from October 2015
China is to raise the VAT and Business Tax threshold from Yuan 20,000 to Yuan 30,000 from first October 2015. The declaration was made by the State Council, and will be confirmed by the State Administration of Taxation. The threshold is the annual
See MoreVAT changes from 2015 have been proposed in Luxembourg
Luxembourg VAT compliance changes have been proposed from 2015. The new measures aim to improve the VAT regime in tax free zones and elimination of potential double taxation on goods in VAT suspension released into a free zone. The supply of art and
See MoreRussia: Simplification in VAT invoice
Businesses those are VAT registered in Russia will no need to deliver consumers along with full VAT receipts from 1st October 2014. The VAT invoices in Russia must be delivered within 5 days of the provision of the service or goods. This change will
See MoreCroatia: New tax measurement has been announced by government
The government has declared new tax measure on VAT, personal allowance, Employment earnings and others in order to enhance the economic activity, on 4 September 2014. VAT: According to the declaration, VAT will be applicable on invoice payment
See MoreLithuania: Simplified VAT registration from September 2014
Lithuania has plans to cut the amount of application forms to be filled out for VAT registrations. The new procedure has reduced the application process from three forms to a single application, an FR 0388. In addition, companies may apply for a VAT
See MoreLatvia denies call for VAT reduction for food
In response to the Russian embargo on most food products imported from the European Union, Latvia rejects call for VAT cut for food. The Farmers' Organizations Cooperation Council in Latvia had said that a VAT reduction would boost the economy,
See MoreCzech Republic: Domestic VAT transactions filing from 2016
To file a new return describing all taxable transactions with other Czech registered businesses will be required for Czech VAT registered businesses from January 1, 2016. The Czech proposals contain requirements to reveal the following
See MoreLithuania: modified VAT registration rules
The Ministry of Finance amended the Rules on Registration to the VAT Register/Deregistration from the VAT Register by way of Order No. VA-47 on 30 June 2014, under the amendments, the VAT registration form was simplified. The new registration form
See MoreSouth Africa: VAT Update 2015
A number of changes of South African VAT are coming from April 1, 2015. This is the additional part to the recent B2C digital services VAT registration changes. The following changes will be taken place in the upcoming policy; Removal of the
See MoreCzech Republic: Proposal for changing VAT rate
The lower chamber of the Czech parliament accepted in the third reading the VAT law amendment on July 23, 2014 that would initiate changes in VAT rates. At present, the standard VAT rate is 21%. Some goods specifically foodstuffs, pharmaceutical
See MorePhilippines: BIR strengthens control over large taxpayers
The Bureau of Internal Revenue (BIR) has strengthened its monitoring of the country’s large taxpayers, particularly on the value-added tax (VAT). BIR’s collections of first half of this year reached PHP643.2bn (USD14.8bn), which is more than
See MoreSlovak Republic – Amendments in VAT procedure under consideration
Draft amendments to the Slovak value added tax (VAT) law would give the following procedural changes: When claims are filed during the course of a tax examination, with the revised rules to allow a partial repayment based on already audited
See MoreSlovak Republic: VAT changes approved
The parliament of Slovak Republic has accepted some changes to the VAT Act: VAT rate increase to 20% and will be established for the long term The submission deadline for the recapitulative filings is from 20 days to 25 days. If annual sales of
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