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GST

India cuts GST rates

India has reclassified a range of goods to benefit from lower Goods and Services Tax rates this week. The GST Council, which oversees the operations of the GST regime agreed on 15 June 2019 to move a ...Continued

Czech e-book and catering VAT cut

Proposals to reduce the VAT rate on several goods and services, including e-books, have been approved by the Chamber of Deputies. ...Continued

GST

India delays simplified GST return to Oct 2019

The Indian GST Council, which oversees the operation of the country’s Goods and Services Tax regime, has confirmed that the roll out of the simplified GST return will be delayed until 1 October 2019. ...Continued

Costa Rica credit card withholding VAT on e-services

Costa Rica has provided more details on its plans to require credit card companies to withhold VAT on payments to foreign digital services providers....Continued

Poland delays SAF-T replacement of VAT return till 2020

Poland has again delayed an update of its Standard Audit File for Tax (SAF-T) mandatory filing regime, and withdrawal of the requirement to submit a periodic VAT return. The date has been moved from 1...Continued

Romania SAF-T introduction 2020

Romania’s tax authority, Agenția Națională de Administrare Fiscală (ANAF) is to introduce Standard Audit File for Tax (SAF-T) VAT transactional reporting by the end of 2020. ...Continued

VAT

Turkey ends low-value consignment stock relief

Turkey has withdrawn the import VAT low value consignment stock relief at the start of this month. Previously, postal packages with a declared value of €22 or less were exempted from import VAT....Continued

GST

India live e-invoice registration threshold of Rs 50 core

Ongoing discussions around the introduction later this year of live e-invoice reporting for GST are to turn to setting an annual sales registration threshold for participating taxpayers. Indian anno...Continued

GST

New Zealand GST on foreign sellers delay till Dec 2019

New Zealand is to require non-resident businesses selling goods to its consumers to collect 15% Goods and Services Tax from 1 December 2019, a two-month delay for the Oct launch plan. This is based on...Continued

Bulgaria raises VAT registration threshold

Bulgaria is considering raising its VAT registration threshold. The current threshold will rise from BGN 50,000 to BGN 100,000 sales per annum. The new threshold will apply 1 January 2019....Continued