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VAT

Bahrain limits VAT to large companies

The Ministry of Finance has commented on the planned October 2019 implementation ...Continued

VAT

China extends e-commerce VAT concessions

The Chinese State Council has extended the current VAT discount and duty exemption for small value e-commerce imports to consumers...Continued

Italy refuses SdI e-invoice launch delay

Italian Senators last week rejected two applications to delay the January 2019 introduction of SdI electronic invoice reporting for B2B and B2C transactions....Continued

UK Brexit VAT and customs update

The EU27 governments have now agreed the Brexit Withdrawal Agreement (WA) which sets out the terms of the UK’s exit from the EU on 29 March 2019. This includes a 19-month transition period until 31 De...Continued

GST

India 18% GST on back office outsourcing exports

An Indian advance rulings authority has held that Indian businesses providing non-resident companies with certain accounting outsourced services will have to charge 18% Goods and Services Tax....Continued

Spain extends SII e-reporting to Canary Islands Jan 2019

Spain is to extend its live Immediate Information Supply (SII) regime to the Canary Islands from 1 January 2019...Continued

Italy SDI e-invoice update

The Italian tax office has provided further guidance on the 1 January 2019 extension of the Sistema di Interscambio (SdI) e-invoice reporting to B2C and B2B transactions. ...Continued

VAT

Brazil ponders VAT implementation

Brazil’s new President-elect, Jair Bolsonaro, has said he is considering introducing a Value Added Tax (VAT) in a bid to streamline the existing ICMS, ICI and other complex indirect taxes...Continued

VAT

Barbados levies VAT on foreign e-commerce

Barbados is set to impose VAT on the B2C sales by non-resident online sellers from 15 December 2019...Continued

UK EU Withdrawal Agreement and VAT

The UK government has approved the draft EU Withdrawal Agreement (‘WA’) and Political Declaration, negotiated with representatives of the EU27...Continued