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
Ukraine has introduced a new 14% reduced VAT rate from 1 March 2021. This is added to the existing standard VAT rate of 15% and the reduced rate of 7%
The Italian authorities have postponed the 2020 collections of its 3% Digital Services Tax from 16 February until 16 March 2021. The associated annual return is delayed until 30 April
Non-resident e-services VAT obligations from January 2022; change to quarterly reporting; marketplaces must register The Caucasus state of Armenia implemented Value Added Tax on non-resident providers of digital services on
Following the ending of the UK’s Brexit transition period on 31 December 2021, the standard Value Added Tax return has undergone some minor changes. Updated VAT return to reflect leaving
Ongoing COVID-19 crisis means more support for hard-hit entertainment and hotels sectors Paraguay has rolled over for a second time the reduced Value Added Tax rates on tourism, catering, accommodation,
Kenya has returned its standard VAT rate to 16% from 14% on 1 January 2021. The rate was temporarily reduced to 14% on 1 April 2020 to help support businesses
The UK’s second phase of Making Tax Digital comes into effect on 1 April 2021. This follows a 1-year delay, adding to the already provided 1 year ‘softlanding’ due to
North Macedonia has introduced a third VAT rate of 10% from 1 January 2021. This will apply to hospitality, cafés, restaurants, and catering services. The current standard VAT rate is
Import VAT payment may now be postponed via VAT return Croatia has introduced deferred import VAT from 1 January 2021. This follows most of the other 27 EU member states.
Easement on temporary movements of goods between NI and GB The UK’s HMRC has provided some additional import tax reliefs on the movement of goods between post-Brexit Northern Ireland (NI)
The UK’s ecommerce import VAT and deemed supplier online marketplace changes on 1 January 2021 included the obligation to charge output (sales) VAT on import consignments not exceeding £135 intrinsic
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