Increase in Value Added Tax annual registraton threshold The east African state of Malawi has published its 2021/22 budget which includes a number of Value Added Tax changes. They are
Chile has confirmed that software sold by non-resident providers to Chilean buyers is subject to Value Added Tax. Chile imposed 19% VAT on foreign sourced digital services in June 2020.
Italy’s Agenzia delle Entrate tax authorities have delayed the upgrade of VAT cash register until 1 October 2021 due to the COVID-19 virus emergency. Mandated certified online registers with daily
The Balkan state of Montenegro has increased its Value Added Tax registration threshold from €18,000 to €30,000 per annum. Check EU VAT registration thresholds via VAT Calc’s live tracker. The rise
Harmonised VAT on e-publications and paper equivilants Estonia has introduced a range of tax measures to help businesses and consumers during the COVID-19 health and economic crisis. The Value Added
Turkey has again extended the application of temporary VAT cuts due to the ongoing coronavirus pandemic and economic situation. The following supplies will continue to be reclassified from the reduced
Angola has introduced a Value Added Tax registration threshold of AOA 10million per annum (approx. €13,000). Angola introduced VAT in October 2019 initially for large taxpayers. It then extended it
Kosovo has reduced its VAT rate on hotel accommodation to 8%. This applies retrospectively from 7 December 2020 until 31 December 2021. Many other countries have reduced their tourism and
Malta has proposed in its 2021 budget raising its Value Added Tax registration threshold for the supply of goods to €35,000 per annum. All other supplies will be €30,000. If
Mexico’s Servicio de Administración Tributaria, ‘SAT’ has provided some additional obligations for issuers of CFDI e-invoices. This is the regime introduced in 2011, now mandated for all most taxpayers. The two
Italy is to allow EU businesses with an Italian VAT number to process a credit application through a new ‘direct refund procedure’. This follows a Court of Justice of the
The UK’s changes of e-commerce VAT rules on the 1 January 2021 made online UK and non-UK marketplaces (OMP’s) liable for certain seller transactions. HMRC also set basic record-keeping obligations
From 1 January 2021, France raised the threshold for reclaiming the VAT on business gift expenditure. The threshold was increased from €69 to €73 per gift. The €69 limit was
The Tax and Customs Office of Portugal is to provide delays on VAT return and payment deadlines in recognition of the ongoing coronavirus economic and health crisis. In order number
Ghana is proposing an additional 1% addition to its existing Value Added Tax rate to help manage the worsening COVID-19 government deficit. This new “Health Levy” will help with expenditure
COVID-19 hospitality VAT rate cut tapering extension The UK has extended the temporary Value Added Tax rate cut to 5% on hospitality and tourism until 30 September 2021. It will
The UK’s HMRC is set to go ahead with Phase 2 of Making Tax Digital for VAT on 1 April 2021. This will require UK VAT registered businesses over the
On the 11 March 2021, the ECJ ruled Danske Bank A/S, Danmark, Sverige Filial v. Sweden. The Dansk ECJ ruling confirmed that a Swedish branch of a Danish Bank, Danske, was
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