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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

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

VAT

Colombia to cut VAT to 17% by 2021

Colombia is proposing that it cuts its VAT rate to help boost the struggling economy...Continued

VAT

Bulgaria raises intrastate thresholds 2019

Bulgaria is to increase the threshold declaration threshold from 1 January 2019 ...Continued

VAT

Slovakia hotel VAT cut to 10%

The Slovakian VAT rate for hotels and similar accommodation services is to be reduced from the standard VAT rate ...Continued

VAT

Malta is to become the first EU member state to harmonise its VAT rate on digital books and online journals

Malta is to become the first EU member state to harmonise its VAT rate on digital books and online journals ...Continued

VAT

Sri Lanka raises VAT registration threshold

Sri Lanka is to increase its annual VAT registration threshold from Rs 12 million...Continued

VAT

Bahrain VAT transition rules

Bahrain is to introduce a 5% VAT from 1 January 2019. The following rules will apply to supplies contracted and supplied over the introductory period. Where invoices were issued, or payments made...Continued