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World turns to VAT cuts on coronavirus COVID-19 threat

Countries are turning to emergency tax cuts to support their stuttering economies under the coronavirus (COVID-19) threat. VAT is the popular stimulant as it can be adjusted overnight and boosts consu...Continued

Turkey COVID-19 VAT relief measures

Turkey is offering VAT filings and payment delays for specific sectors. There has also been a limited VAT rate cut to certain sectors....Continued

Norway cuts 12% reduced VAT rate to 6%; delays returns on COVID-19 crisis

The Norwegian government has cut its reduced VAT rate from 12% to 7% between March and October 2020. The rate applies to cinema admission, public transport, hotel accommodation services, entrance to c...Continued

Ireland suspend late VAT penalties on coronavirus crisis

The Irish Revenue Commission has announced tax measures to help business with cashflow issues arising from the coronavirus Covid-19 pandemic. ...Continued

Malaysia service tax measures for COVID-19

Malaysia has introduced a number of service tax measures to help companies during the coronavirus outbreak. Service Tax on accommodation and hotel services have been cut from 6% to zero. This has also...Continued

Brexit where are we now?

EU-UK discussions on a Free Trade Agreement (FTA) are slipping into the week starting 30 December as not compromise on Level Playing Field rules is near. The EU is not prepared to accept a principle-b...Continued

Bulgaria VAT reliefs COVID-19 crisis

The Bulgarian tax authorities are considering a cut on hospitality VAT rates to 5%. It will not extend Value Added Tax filings deadlines until further notice to help businesses through the coronavir...Continued

Italy extends e-invoicing to cross-border 2022

Italy is to extend its SdI e-invoicing regime to cross-border invoices, and will withdraw the requirement to complete an Esterometro return. This will apply from January 2022. From 2022, sales invoice...Continued

UK clarifies Brexit Northern Ireland ‘XI’ VAT number

The UK’s HMRC has issued fresh guidance on VAT transactions between Northern Ireland (NI), the EU and the UK excluding NI (Great Britain or GB). This address identifying the correct VAT reporting of t...Continued

VAT

Saudi Arabia may cut VAT after COVID crisis

The Saudi Arabian government has said it considering reversing the trebling of VAT from 5% to 15%. This would only happen once the coronavirus crisis is over. ...Continued