Global VAT changes 1 July 2018

Jul 1, 2018 | Richard Asquith

Global VAT changes 1 July 2018

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Below is a summary of major VAT and GST changes that come into effect on 1 July 2018:

Australia drops GST-free levy on small goods, and requires non-resident e-commerce companies to register if over the threshold of AU$ 75,000 per annum
Bahamas raises VAT to 12%
The introduction of Polish Split Payments
Hungary introduces live VAT invoices reporting
Aruba raises its Sales Tax
Italy delays live invoice reporting for the fuel sector
Russia lowers low-value consignment relief
Colombia introduces VAT on e-services

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VP Global Indirect Tax

Richard Asquith

VP Global Indirect Tax Richard Asquith

Richard Asquith is the former VP Global Indirect Tax at Avalara