European Finance Minister meeting at ECOFIN on 18th June failed to agree on a compromise to enable more reduced rate setting freedoms for member states. Countries such as Germany, France
The French Constitutional Council has ruled that France may no longer levy a disproportionate fine for missed VAT invoices. The current (Art. 1737, I, 3. of the CGI) French tax
The European group of finance ministers, Economic and Financial Affairs Council (ECOFIN), reported to the European Council on progress of various EU VAT reforms. This came on 3 June 2021.
The rules for the liabilities on e-commerce sales for non-resident sellers via ‘distribution platforms’ change from 1 July 2021. If the foreign seller only sales its Canadian-located stocks to consumer
The Portuguese Autoridade Tributária e Aduaneira tax office has extended the application of the Value Added Tax domestic reverse charge for non-resident businesses and B2B supplies of goods or services.
The Brazilian National Congress is to progress the merger of its PIS and COFINS federal taxes under Bill No. 3,887/2020, National Congress. This seeks to introduce the first major simplification
The Brazilian Supreme Court has confirmed the exclusion of ICMS tax from PIS and COFINS calculations. The Court confirmed that the state ICMS should be excluded from the tax base
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
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