Russia: VAT treatment of electronic services
The Finance Ministry (MoF) has issued a Letter No. 03-07-08/35579 on 21 July 2014 clarifying the VAT treatment of services for giving entrance to an electronic database supplied by a foreign company to a Russian company. As a result, the MoF
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 MoreRussia: VAT free event and exhibitions for foreigners
The Finance Ministry of Russia has established that exhibition, live event and conference services provider in Russia to non-Russian customers are free from Russian VAT. But according to EU and the OECD Guidelines, VAT should be charged on live
See MoreCzech Republic: Expanded theory of “unreliable VAT payers”
Recently the General Tax Directorate has released the category of "unreliable VAT payers" which was effective from 1 October 2014. It was extended to contain intentionally inaccessible VAT payers, VAT payers who fail to complete the deadlines
See MoreMexico: Import VAT relief has granted
The goods importers of Mexico will be obtained an adjournment of import VAT under the measure from January 2015. Current Mexican traders, exclusive of Mexican VAT or Excise Tax certification need to provide 16% VAT for import goods but these traders
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 MoreUK will begin to register digital firms under its Mini One Stop Shop (MOSS) special scheme
New and amended legislation will come into effect on 1 January 2015 which effectively expands the scope of the previous VAT on e-Services (VoeS) special VAT scheme. The new voluntary VAT Mini One Stop Shop (MOSS) will allow businesses to account for
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 MoreVietnam: Guidelines on Corporate tax incentives; VAT on export-support services
Vietnam’s tax authorities issued guidance concerning the tax treatment and the determination of increased income from expansion projects during the period 2009-2013 for income that is not entitled to corporate income tax incentives. The guidance
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 MoreRomania plans to cut VAT rate extension
The Romanian Government is planning to reduce Romanian VAT to all basic foodstuffs after the success of a trial on key supplies recently. At present VAT rate is 24%% on most foodstuffs. Bread was reduced from the standard Romanian 24% to 9%
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 MoreChina VAT changes exemptions on export services
China is to implement new categories for determining the exemption rules for export services. The changes apply from October 2014. Businesses supplying export services are required to follow a number of administrative requirements, including
See MoreRussia: Zero VAT rate applicable to freight services provided by certain vessels
The Finance Ministry (MoF) has issued Letter No. 03-07-РЗ/32218 on July 3, 2014 describing the VAT rate applicable to the provision of services of seaborne vessels and combined navigation vessels based on time charter agreements for the reason of
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 MorePoland: Hiked the VAT rate
Poland raised the VAT rate from 21% to 23% in 2011, when it goes through the financial crisis - recession, reduction of government revenues from corporate income tax. The Finance Ministry of Poland has declared, the new VAT rate (23%) will set for
See More