France: Parliament adopts Finance Bill 2020
On 19 December 2019, The French parliament adopted the Finance Bill for the year 2020 but it is still require to review by the constitutional court. Provisions include in the Finance Bill are given below: Corporate Tax rate The draft Finance
See MoreFrance: Government presents draft Finance Bill 2020
On 27 September 2019, Government presents Finance Bill for the year 2020 and confirms the willingness to cut the income tax rate for corporate entities; to introduce the hybrid mismatch rules; to implement the EU ATAD 2 directive into domestic law;
See MoreSouth Africa: National Treasury releases final e-services VAT regulations
The National Treasury of South Africa issued the final regulations extending the definition of “electronic services” for value added tax (VAT) purposes. Under final regulations a foreign supplier will not be deemed to supply E-Services if the
See MoreRussia introduces VAT on B2B foreign digital services from 2019
From 1 January 2019, Russia will introduce new value added tax (VAT) rules with respect to business-to-business (B2B) supplies of e-services provided to Russian customers. Russia introduced VAT liabilities on offshore providers of electronic
See MoreUK: Revised timetable for introduction of digital tax system
Following feedback from parliament including the Treasury Select Committee, business and professional bodies the UK government is delaying the introduction of a compulsory digital tax system for certain businesses and landlords. The system called
See MoreUK: Digital communications research published
The UK tax administration HMRC plans to extend online tax accounts to all individuals and businesses paying tax in the UK. To prepare for this customer research was performed to look at the reaction of difference groups of taxpayers and to help in
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 MoreSouth Africa: E-services in South African VAT
Despite the potentially limitless scope of the VAT law, the VAT Act was recently amended to specifically include foreign suppliers of “electronic services” as subject to South African VAT. South Africa will apply VAT to supplies of electronic
See MoreUkraine changes VAT anti-fraud strategy for 2015
In order to reduce extensive fraud on VAT, the Ukraine VAT code is to be updated from January 1, 2015. The changes include; The VAT registration threshold is to be increased from UAH 300,000 to UAH 1,000,000. Goods may not be sold for an amount
See MoreNetherlands – Electronic filing required for VAT returns
It has been reported that entrepreneurs subject to value added tax (VAT) but not “established”―for VAT purposes―in the Netherlands must file their VAT returns / EC sales lists electronically (and not on paper forms) from 1 January
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