The EU’s European Commission has launched its latest public consultation on ending banking, insurance and other financial services’ exemption from VAT. In particular taxing fee-based services as opposed to interest-based
The latest version of Spanish SII live reporting, v1.1, was implemented for 1 July 2021. This included the following additional information: Quick Fixes The was mainly to accommodate the new
Afghanistan will not implement an international standard Value Added Tax regime until 21 December 2022. The previous implementation date was December 2020. There are 172 countries with VAT around the
Angola is introducing a Value Added Tax threshold of AOA 350 million per annum. Angola introduced its 14% VAT on 1 October 2019. This includes sales and imports. The Angola
On 1 January 2021, the UK ecommerce VAT rules changed on consignments not exceeding £135 and deemed supplier online marketplaces (OMP). This mirrored the 1 July 2021 EU e-commerce VAT
The Irish standard VAT rate returns to 23% on 1 March 2021. The follows a temporary decrease to 21% since 1 September 2020 to help consumers and businesses during the
The Indian Central Board of Indirect Taxes and Customs has lowered the annual sales threshold for mandatory GST e-invoices. Check VAT Calc’s global live VAT invoice transaction and e-invoice reporting tracker to see
Belgium has confirmed that it will waive the obligation for UK businesses to appoint a local fiscal representative following the UK’s exit from the European Union. Fiscal Representatives, a type
Argentina is to require taxpayers to adopt QR Codes on their e-voices from 1 March 2021. Argentinian eFactura were mandated for most taxpayers in 2019. Quick Response Codes on invoices
Mandatory electronic reporting of goods freight movements to fight VAT fraud Hungary has launched (February 2021) an electronic registration portal for mandatory notifying the tax authorities of qualifying cross-border freight
Cyprus has issued guidance to EU and non-EU sellers and marketplace affected by the 1 July 2021 e-commerce package reforms. These seek to withdraw distance selling threshold, the €22 import
Following the introduction of Postponed VAT Accounting – a deferment scheme for import VAT – the Irish Ministry of Finance has provided further restrictions . PVA allows Irish VAT registered
COVID-19 crisis forces tax hike The African state of Botswana has been forced into a Value Added Tax rate rise from 12% to 14%. The measure is to shore up
Peru has yet to impost its Value Added Tax on digital or electronic services provided by non-resident sellers or marketplaces. B2B domestic supplies of e-services are already liable to VAT.
Spain has extended draft VAT return preparation to all taxpayers from February 2021. The scheme, Pre303, is named after the existing quarterly self-assessment VAT return. Pre303 was introduced in 2020
Angola has extended its Value Added Tax regime on 1 January 2020. The 14% regime was implemented on 1 October 2019 for large tax payers. VAT replaced the 10% Turnover
Following the end of the Brexit transition period from 1 January 2021, the UK has left the EU Customs Union. This means goods movements are subject to preferential tariffs subject
The Baltic state of Latvia has moved the VAT return and payment from 20th to the 23rd of the month following the reporting period. Most businesses are on quarterly filing
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