VAT TV May 2022 news & views
VAT TV May 2022 news & views
in Tags
Want to join the VAT TV subscription list? Sign-up here. May 2022 VAT & GST news and views
EU Parliament votes VAT reverse charge extension to Dec 2025
EU Parliament votes VAT reverse charge extension to Dec 2025
in Tags
Legislator endorses continuation of anti-VAT fraud measure and Quick Reaction Mechanism until 31 December 2025 The European Union Parliament has voted to retain the VAT reverse charge mechanism to help
Serbia B2B e-invoicing Jan 2023
Serbia B2B e-invoicing Jan 2023
in Tags
Sistem E-Faktura B2G electronic invoices May 2022; B2B January 2023 Serbia has confirmed the 2022 mandated Sistem E-Faktura e-invoices requirement for B2G transactions from 1 May 2022 (previously 1 January 2022). B2B
Spain rules on electronically produced invoices Jan 2024
Spain rules on electronically produced invoices Jan 2024
in Tags
Only state or VERI*FACTU approved invoicing software may be used to prepare and submit invoices Spain is to formalise from 1 January 2024 the rules on invoices and their production
Romania B2B RO e-invoicing eFactură July 2022
Romania B2B RO e-invoicing eFactură July 2022
in Tags
Romania eFactură electronic invoices now open to registrations; phased launch 2022-23 Eligible businesses may now register for Romania’s new B2B RO e-invoicing regime. The first phase of mandated e-invoices is for
Warning: Trying to access array offset on false in /srv/users/vatcalc/apps/vatcalc/public/wp-content/themes/vatcalc/liquid/extensions/aq_resizer/aq_resizer.php on line 135
Warning: Trying to access array offset on false in /srv/users/vatcalc/apps/vatcalc/public/wp-content/themes/vatcalc/liquid/extensions/aq_resizer/aq_resizer.php on line 136
Germany exempts virtual in-game land sales
Germany exempts virtual in-game land sales
in Tags
Payments for digital properties within online games outside scope of VAT The German Federal Tax Court, BFH, has ruled that sales or leasing for consideration of virtual buildings or land
China zero’s VAT on delivery services
China zero’s VAT on delivery services
in Tags
Stringent COVID-19 lockdowns lead to VAT break The Chinese Ministry of Finance and State Taxation Administration have confirmed that delivery services will be zero-rated between 1 May and 31 December
Ireland confirms VAT obligations on crypto-assets
Ireland confirms VAT obligations on crypto-assets
in Tags
VAT liabilities on mining, exchange and consideration role for cryptocurrencies and similar crypto-assets Ireland’s tax authorities, the Revenue, has confirmed the VAT and other tax obligations on virtual digital currencies,
May 2022 global VAT & GST changes
May 2022 global VAT & GST changes
in Tags
Major changes around the world in Value Added Tax and Goods and Services Tax If you want live updates on these issues, sign-up here for our free email newsletter.
Sri Lanka faces sharp VAT rise to 14%
Sri Lanka faces sharp VAT rise to 14%
in Tags
2019 cut to 8% may have to be reversed as country faces worst economic crisis The drop in revenues during the COVID-19 crisis may force the government to reverse the
Estonia cuts newspaper and diesel taxes
Estonia cuts newspaper and diesel taxes
in Tags
Supplementary support for transport and the press sector as war in Ukraine extends The Baltic state of Estonia and passed measures to reduces taxes to reflect the ongoing security position
Australia low-value consignment relief withdrawal bumper revenues
Australia low-value consignment relief withdrawal bumper revenues
in Tags
Board of Taxation reveals AUD 760m revenues – more than four times budget following withdrawal of Low Value Imported Goods regime In July 2018, Australia scraped the LVIG Goods and
EU reviews VAT on crypto-assets
EU reviews VAT on crypto-assets
in Tags
EU’s VAT Committee reviews VAT treatment on cryptocurrency payment tokens The European Commission’s VAT Committee is reviewing the Value Added Tax issues arising from cryptocurrencies such as bitcoin, Spice and utility
EU postponed VAT accounting regimes for deferral of import VAT and customs tariffs
EU postponed VAT accounting regimes for deferral of import VAT and customs tariffs
in Tags
European countries compete to attract import business with reverse charge import VAT with no cash payments Most European Union member states offer cashflow assistance for importers of goods into their
ECJ backs tax authorities obliging Airbnb to share transaction data
ECJ backs tax authorities obliging Airbnb to share transaction data
in Tags
The Court of Justice of the European Union rules Belgian regional legislator may demand home rental transaction data from Airbnb The ECJ has ruled Airbnb Ireland (C-674/2) must provide transaction-level
Warning: Trying to access array offset on false in /srv/users/vatcalc/apps/vatcalc/public/wp-content/themes/vatcalc/liquid/extensions/aq_resizer/aq_resizer.php on line 135
Warning: Trying to access array offset on false in /srv/users/vatcalc/apps/vatcalc/public/wp-content/themes/vatcalc/liquid/extensions/aq_resizer/aq_resizer.php on line 136
Bahrain prepares for VAT e-invoicing
Bahrain prepares for VAT e-invoicing
in Tags
Taxpayer invoicing mandatory survey signals plans for e-invoicing The Kindgdom of Bahrain’s National Bureau for Revenue has launched survey to estimate the volumes and natures of VAT invoicing in the
Belgium electronic VAT refunds for non-EU taxpayers July 2022
Belgium electronic VAT refunds for non-EU taxpayers July 2022
in Tags
Post-based paper invoice claims replaced by online VAT recovery for non-EU taxpayers Belgium is the latest EU member state to introduce an online application process for 13th Directive VAT reclaims
Kyrgyzstan VAT cash registers roll out
Kyrgyzstan VAT cash registers roll out
in Tags
The Central Asia state of Kyrgyzstan is planning a roll out of fiscal cash registers this year. These machines for use by retail taxpayers automatically report all transactions to the