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 18%, with a 5% reduced rate on basics. The new rate does not apply to
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) and the rest of the UK (GB). Goods which are only making a temporary movement
Germany, UK, Ireland and many other countries are rushing through standard and reduced VAT cuts to help support consumer confident and bolster businesses in lockdown. But the economics and business benefits make little sense. The efforts to adjust and manage the changes, and whether they
The standard German VAT rate has been temporarily lowered from 19% to 16% between 1 July and 31 December 2020 to help businesses and consumers during the coronavirus pandemic. The reduced VAT rate has also been cut from 7% to 5%. The German Finance Ministry
India’s opposition, the Congress party, continues to block the passage of the Goods and Services Tax (GST) bill. India plans GST implementation from October 2017. GST will replace a range of indirect taxes, including: CENVAT; VAT; Professional Tax; and Service Tax. Many of these taxes
Since 1 January 2015, EU and non-EU businesses have been able to report their pan-EU sales of digital services to consumers via a single Mini One-Stop-Shop return. This may be filed in the country of establishment, or country of identification for third-country resident businesses. The
German is making a number of changes to its VAT code from 1 September 2013. You can check the right Germany, EU or worldwide VAT calculations on individual or batch transactions with our Advisor and Auditor services. In accordance with the new EC provision (Quick Reaction
Italy has updated the rules to entitle taxpayers to apply zero-rating on intra-community supplies. You can check the right Italian or other VAT calculations on individual or batch transactions with our Advisor and Auditor services. Sales (despatches) of goods from one EU country to another are
A pilot program to modernise the Chinese Value Added Tax regime is being extended to 13 new states. The pilot is being monitored in Shanghai, where it was initially launched. In July a further launch will take place in Beijing, as the second province. It
