Italy is to loosen the requirements on taxpayers to reclaim output VAT on invoices which have subsequently not been paid by customers – bad debts. Currently, taxpayers may only reclaim
Following the implementation of Oman VAT on 16th April 2021, the second wave of businesses should be registering. The first phase of companies, with taxable supplies in excess of OMR
The US state of Missouri is considering bringing non-resident taxpayers into the state sales tax net from 2023. A draft bill passed by the House and Senate on 14 May
Hungary has exempted (no penalties) foreign e-commerce sellers from the April 2021 obligation to submit B2C live invoices via the RTIR real-time reporting system. This is provided they opt to
Thailand has delayed the deadlines on Value Added Tax filings again due to the economic impact of the coronavirus. The Thai Revenue office has changed the monthly returns dates as
Amazon is notifying its sellers on preparations for the launch of the 1 July 2021 EU VAT ecommerce package. This withdraws distance selling thresholds, the €22 import VAT exemption and
A summary of the main challenges facing business trading in Northern Ireland (NI) are as follows. Dual customs and VAT status for NI goods Following the end of the Brexit
COVID-19 VAT cuts to support key sectors Norway has extended VAT the application of the new 6% VAT rate on certain supplies until 30 September 2021. It had been scheduled
China has again extended the ability for tech manufacturers to recover input VAT suffered in an effort to support the growth of the sector and exporting. China has traditionally restricted
VAT loans based on prior VAT remittances during pandemic Denmark has extended again its innovative VAT loan repayment scheme as coronavirus lockdown is extended. It is also pushing out its
France is introducing an online portal for non-EU businesses to apply for Value Added Tax recovery on their local invoices. This will be available from 1 July 2021. This covers
The Polish Ministry of Finance has provided further guidance on the implementation of its SLIM VAT reforms which came into effect at the start of 2020. This aims to help
The Hungarian Parliament is reviewing an extension of the temporary Value Added Tax cut on housing and construction. The rate will be maintained at 5% instead of the standard rate
Taiwan offers delays on Value Added Tax and certain Gross Business Receipts Tax (GBRT). The new schedule for filing and paying any taxes is as follows: April return – now
COVID-19 economic disruption prompts VAT amnesty The United Arab Emirates government has issued a Value Added Tax amnesty to reflect the continuing disruption under the coronavirus crisis. It has also
Greece is expected to go ahead with the severally delayed introduction of electronic transaction-based reporting regime, myDATA (my Digital Accounting & Tax Application), from 1 July 2021. This includes quarterly
Afghanistan is looking to implement a Value Added Tax regime from 22 December 2021. The standard VAT rate will be 10%. It will replace the existing 10% Business Receipts Tax, a
Portugal is to go ahead with obligations for non-resident businesses to start using certified VAT invoice producing software from 1 July 2021. The use of QR Codes and ATCUD unique
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