EU VAT on voucher reforms January 2019
From 1 January 2019, the 27 member states of the EU adopted harmonised rules on the VAT treatment of single-use and multi-use retail vouchers. These reforms are enacted by the
From 1 January 2019, the 27 member states of the EU adopted harmonised rules on the VAT treatment of single-use and multi-use retail vouchers. These reforms are enacted by the
The European Union is to introduce a €10,000 pan-EU e-services registration threshold. This means that initially small EU businesses will be able to use the VAT return and rate of
On 1 July 2018, Australia ended the import Goods and Services Tax exemption for small-value parcels. Import GST will instead have to be charged in the online checkout for any
Argentina brought non-resident providers of digital (or electronic) services into its Value Added Tax net in June 2018. Rather than imposing the obligation to VAT register and collect taxes, it
India introduced goods transport e-way bills in April 2018 as part of the implementation of its Goods & Services Tax on 1 July 2017. The requires a digital filing notification
E-services VAT obligations for foreign providers and marketplaces On 1 January 2018, the United Arab Emirates (UAE) implemented a 5% Value Added Tax regime. This included requiring non-resident providers of
E-services VAT obligations for offshore providers and marketplaces On 1 January 2018, the United Arab Emirates (UAE) implemented a 5% Value Added Tax regime. This included requiring non-resident providers of
The Baltic state of Estonia has raised the Value Added Tax registration threshold to €40,000. This will apply from 1 January 2018. It had previously been set at €16,000. Check
Portugal is to enable importers to avoid the cash payment of import VAT by introducing deferred VAT from 1 March 2018. Traders will be able to report the import through
The Gulf state of Saudi Arabia implemented VAT on electronic or digital services provided by resident or non-resident providers on 1 January 2018. This was the date it introduced its
COVID-19 tax support to key sectors The Baltic state of Latvia has introduced a reduced Value Added Tax rate of 5%. This will apply to certain fresh fruit, berries and
Chile is an early adopter of pre-filled Value Added Tax returns on the back of its DTE e-invoicing program. Its new regime came into force in August 2017. DTE now
Live transaction reporting since 2017; will be supplemented by e-invoicing from early 2023 Spain introduced its live VAT invoice reporting regime, Suministro Inmediato de Información SII from 1st July 2017.
One-nation Goods and Services Tax implementation simplifies range of overlapping consumption taxes India has implemented a Goods and Services Tax on 1 July 2017. It is administered by the Central
The central American state of Ecuador has cut its standard Value Added Tax rate from 14% to 12% from 1 June 2017. The Internal Revenue Service (Servicio de Rentas Internas,
Norway is to implement Postponed VAT Accounting to enable imports to avoid the cash payment of VAT on entering into free circulation into the country. This will be effective from
Romania reverse crisis VAT cuts Romania completes the roll back of the crisis VAT rate cuts. Its standard VAT rate will drop from 20% to 19% on 1 January 2017.
Third VAT increase following bail out Greece has raised its standard Value Added Tax rate from 23% to 24% from 1 June 2016. This reflects the struggling budget deficit and
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