UK: VAT registration thresholds
The thresholds for registering for VAT or joining a VAT accounting scheme from 1 April 2017. VAT thresholds Circumstance Threshold VAT registration More than £85,000 Registration for distance selling into the UK More than
See MorePoland: Important tax changes for 2017
A number of major tax changes have been introduced as of 1 January 2017. The changes are given below: Personal income tax: Personal income tax has a major change on the tax-free amount that is based on the tax base. In accordance with the new
See MoreFrance: Amending Finance Act for 2016 adopted
The Amending Finance Law for 2016 was published in the Official Journal of 30 December 2016 after going through a ruling of the Constitutional Court on the compatibility of the provisions of the law. The Court ruled that the provisions allowing the
See MoreRomania: VAT registration procedure updated
The Romanian tax authority published Order no. 605, a new VAT registration procedure in the official gazette on 1 February 2017. From 1 February 2017, businesses are no longer required to submit the Form 088, which is a declaration of intention to
See MoreBulgaria: VAT registration changes for non-legal entities
Following the adoption of various VAT amendments, the Revenue Agency has published a notification on 11th January 2017 regarding the obligation for non-legal entities to register for VAT if at least one partner is registered under Bulgarian law.
See MoreBulgaria: Amendments to VAT has been gazetted
The amendments to the Value Added Tax (VAT) Act has been published in the State Gazette on 6th December 2016. This amendments will be applicable from 1st January 2017. The most important amendments are summarized below: New rules for input VAT
See MoreNamibia-Increased VAT registration threshold
In Namibia the VAT registration threshold will be increased from 1 November 2016. The threshold will increase from NA$200,000 to
See MoreNamibia-Proposed VAT and Income Tax Amendments
The Namibian Minister of Finance submitted the Value-Added Tax (VAT) Amendment Bill and the Income Tax Amendment Bill to the National Assembly on 22 September 2015. The changes to the VAT Act will become effective from the first day of the month
See MoreNamibia: Budget proposals for 2015-16
The Namibian budget speech for 2015-16 was delivered on 31 March 2015. In the budget it was proposed to reduce the corporate income tax rate for non-mining companies from 33% to 32%. There will be no change in the corporate tax rate for mining
See MoreCzech Republic: Information on mandatory electronic submissions for VAT purposes
The General Tax Directorate of Czech Republic has released information regarding compulsory electronic submissions in VAT proceedings on its website. As effect from 1st January 2014, VAT returns and other documents must be submitted electronically.
See MoreMalta cut down VAT registration threshold to nil in 2015 Budget
The recent budget of Malta for the year 2015 has cut down the value added tax (VAT) registration threshold from EUR 14,000 to nil. The value added tax (VAT) registration threshold is the amount above which an entrepreneur has to register with the
See MoreTax rate down in Malta’s 2015 Budget
Recent budget of Malta for next year contains a reduction of personal income tax (PIT) brackets, through a rate down on income between €19,500 and €60,000 from 29% to 25%. Those who purchasing their first property they can get tax concession and
See MoreBelgium: new government agrees on VAT compliance updates
The new government of Belgium has agreed on changes of VAT compliance issues. The changes are: 6% of the reduced VAT rate will be applicable on the expenditure for improvements to homes of at least 10 years old. Previously it was 5 years old to
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 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 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
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