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Romania VAT cut to 16% delayed

Romania has delays until 2021 a plan to cut its standard VAT rate from 19% to 16%. This had been planned for Jan 2020....Continued

EU VAT registration thresholds for foreign businesses

The EU member states came to political agreement on 9 November on providing non-resident businesses with the same VAT registration thresholds as domestic businesses. The new measure will come into for...Continued

Serbia VAT update

The Serbian parliament has approved a range of VAT changes. They will largely continue the harmonisation of the country’s indirect tax regime with the European Union....Continued

UK VAT return after Brexit

How to account in a UK VAT return for UK import VAT under the Postponed Accounting regime on goods coming from the EU after Brexit....Continued

France mandatory B2B VAT e-invoices 2023

France is to impose mandatory electronic invoices on B2B from January 2023. This will include a pre-approval clearance of the invoices via the government’s Chorus Pro portal. This is already in operat...Continued

Germany cuts rail VAT

Germany has announced a reduction in the VAT rate applied on train journeys from the standard rate 19% to the 7% reduced VAT rate. The measure is part of a range of proposals to reduce the environment...Continued

EU Energy Tax Directive failing on climate change

European finance minister agreed this weekend to review the Energy Tax Directive, which sets the minimum taxes of member states on energy products and electricity....Continued

Israel scraps $75 VAT import exemption

The Israeli Ministry of Finance is proposing to withdraw the $75 import VAT and customs exemption on personal packages. The exemption includes shipping and insurance costs. There is a customs only exe...Continued

EU says UK exporters need Brexit EU and UK EORI’s

The European Commission has confirmed that in the event of a no-deal UK exit from the European Union on the 31 October, UK exporters to the EU will require an EORI number for goods movements. This is ...Continued

Moldova tourist tax rise

Moldova has proposed raising its hotel, accommodation and restaurant VAT rates. The rise will be from the reduced 10% rate to the standard 20% rate. This is against the European trend, where most coun...Continued