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Italy eases SdI live invoice deadlines

Italy has eased the reporting deadline for the roll out of B2B and B2C SdI real-time invoice reporting from 1 January 2019, and provided a soft landing period until 1 July 2019. The original requireme...Continued

Malaysia SST filing update

Following the reintroduction of Sales and Services Tax (SST) in Malaysia, replacing the 6% Goods and Services Tax, the Customs Department has issued further guidance on returns. This includes: Fili...Continued

Poland delays VAT cut to reform reduced rates

Poland’s Ministry of Finance has announced that it will recategorise many supplies to within the current reduced VAT rate category. However, this will mean Poland will not go ahead with the return of ...Continued

GST

India extends Sept GST return deadline

India has extended by 5 days the deadline for the filing of September's Goods and Services Tax return. The new filing deadline for the GSTR-3B return and the Input Tax Credit is 25th October 2018. ...Continued

GST

New Zealand scraps low value consignment GST Oct 2019

New Zealand has proposed scrapping the Goods and Services Tax (GST) and customs duty low-value consignment relief of NZD 1,000. It will be requiring foreign e-commerce traders selling goods to local c...Continued

Hungary VAT registration threshold HUF 12m Jan 2019

Hungary has received permission to introduce an VAT registration threshold for businesses of HUF 12 million from 1 January 2019. This is approximately €48,000, based on the fixed exchange rate applied...Continued

UK MTD pilot goes public; Oct 2019 groups & non-resident delay

HMRC announced today that it is opening the test pilot for its Making Tax Digital for VAT programme to the public.  However, HMRC also announced that it is deferring the MTD obligations for group VAT ...Continued

Italy Esterometro replacing the Spesometro Jan 2019

On 1 January 2019, Italy will withdraw the requirement for resident and non-resident Italian tax payers to complete the Spesometro quarterly / bi-annual sales and purchase invoice listing. This is par...Continued

Japan confirms 2019 Consumption Tax hike

Japan is to confirm this week its plan to complete the second rise in its Consumption Tax, from 8% to 10% in October 2019.  The first hike, in 2014 from 5% to 8% was blamed for a sharp rise in inflati...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