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South Korea levies 10% VAT on foreign digital services

South Korea is to require non-resident providers of digital services to consumers liable to charge 10% VAT from 1 July 2019...Continued

EU e-services VAT thresholds

From 1 January 2019, EU member states introduce two VAT and invoicing simplifications to the B2C digital services Mini One Stop Shop (MOSS) regime. This covers the 2015 reforms to destination-based V...Continued

Payment Service Providers co-opted in VAT fraud fight

The European Commission has proposed required Payment Service Providers (PSP) to surrender details of cross-border e-commerce transactions from 1 January 2022. The aim is to help tackle over €5billion...Continued

Poland delays VAT return withdrawal till July 2019

Poland has announced it is delaying the withdrawal of the requirement to submit a monthly VAT return from 1 January until 1 July 2019. The plan is to replace the return with an extended version of the...Continued

VAT

Norway scraps low-value VAT import exemption

From January 2020, Norway is to remove the VAT and duties exemption for imported packages below NOK 350 to its consumers. As a result, the importer will have to pay 25% Norwegian VAT and any duties fo...Continued

Portugal annual VAT return and SAF-T requirements

The Portuguese tax authorities have stated that the annual VAT return must be based on tax payers’ Standard Audit Files for Tax (SAF-T) submission. The requirement covers Annex A, accounting informati...Continued

EU moves new B2C VAT liabilities to marketplaces 2021

On 12 December, the European Commission published details of a new rule which would make large online marketplaces responsible for calculating, collecting and remitting VAT on certain B2C cross-border...Continued

Spain Canary Island VAT cut to 6.5% 2019

The Canary Island government has proposed that it reduces its VAT rate from 7% to 6.5% from 1 January 2019. ...Continued

UK HMRC no-deal Brexit actions

The UK’s HMRC has written to all VAT-registered businesses that trade with the EU to recommend immediate actions in the case of a no-deal Brexit on 29 March 2019. This is over 140,000 businesses....Continued

VAT

Bahrain opens VAT registration portal

The Bahraini tax office has opened its VAT registration portal for businesses required to be VAT registered. The Gulf state is launching a 5% VAT regime from 1 January 2019....Continued