Government to lift thousands out of VAT net; cuts to supplies on reduced rates The Swedish government has proposed increasing the Value Added Tax registration threshold from SEK 30,000 to SEK 80,000 (approx. €7,900) per annum. In addition, it is proposing to switch a range
The Swiss Federal Council has issued several proposals to the Parliament to broaden the VAT rules on foreign e-commerce platforms via the deemed supplier, and introduce a voluntary annual VAT return with instalment payments. Lastly, there is also a proposal to effectively withdraw the Fiscal
Prolonged COVID-19 crisis results in extended VAT support The Irish government confirmed in today’s budget that is has extended the 9% reduced Value Added Tax rate on hospitality and tourism rate until 31 August 2022. This reflects the tentative opening-up of the key tourism sector following
Germany wins VAT Directive emissions trading derogation The Council of the EU has permitted Germany to introduce the domestic reverse charge on carbon emission trading to prevent suspected VAT fraud. This includes missing trader fraud where criminals claim to be selling emission certificate cross-border at
The Indonesian government has agreed with Parliament – voted on 7 October 2021 – a draft budget including a Value Added Tax standard rate increase from 10% to 11% from 1 April 2022. It will then rise to 12% by 2025. The House of Representatives
Reducing VAT complexity and fraud The Italian Council of Minister has confirmed proposals to simplify the Italian tax regime by Draghi-Franco reforms, including simplifying the use of reduced VAT rates. The aim is to streamline the number of supplies of goods or services which can
EC seeks to harmonise live transaction reporting – 3 alternatives The European Commission (EC) is undertaking a review to introduce harmonised Transaction Based Reporting (TBR) across the 27 member states, which includes potentially e-invoicing. This is part of the VAT in the Digital Age, reforms
5% GST on gig and sharing economy platform aggregators 1 January 2022 The Indian Goods and Services Tax Council (GST council) has extended the GST net to providers and online platforms offering the following services on their own account or via third-party merchants on their
VAT subsidies withdrawn as pandemic eases The Netherlands has reaffirmed that many coronavirus pandemic support reliefs will be withdrawn on 1 October 2021. To receive our free global VAT and GST news updates, sign-up here. This includes: The ending of the VAT payment deferral option Zero-rating
Italy fails to fully implement VAT EU reforms In its monthly listing of EU law infringements, the European Commission has called out Italy for failing to fully implement the 2020 VAT Four Quick Fixes. The four reforms were intended to harmonise and simplify the B2B
