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Bangladesh digital services withholding VAT

Bangladesh is to impose its Value Added Tax on foreign provided digital and electronic services. It will do so by requiring banks and other payment providers to withhold the 15% VAT on credit card pay...Continued

Italy mulls VAT rate cut

Italian ministers have been raising the prospect of cut to the standard Value Added Tax rate, currently 22%. This would follow the example of Germany, which has announced a VAT rate cut to 16% from Ju...Continued

EU warns businesses on post-Brexit VAT

The European Commission (EC) has updated its guidance on the implications for businesses of the UK leaving the EU VAT regime on 31 December 2020. This latest update covers VAT on services....Continued

India delays GST filing deadlines for coronavirus

The Indian Ministry of Finance has announced an extension for the filings of Goods and Services Tax GST filings in view of the worsening coronavirus situation. It affects GSTRA-3B and GSTR-9. ...Continued

Belgium delays VAT filings & payments on coronavirus worries

The Belgian authorities have confirmed that they will allow companies to delay the filings by over two weeks and payments by two months. It had already offered an application process for companies nee...Continued

UK Brexit Customs Freight Simplified Procedures EIDR

The UK is introducing the CFSP a customs declarations and tariffs soft-landing phases for six months after the end of the Brexit transition period, 31 December 2020. This replaces the proposed TSP sch...Continued

UK defers Brexit customs declarations and tariffs 6 months

The UK will introduce light-touch border controls and tariff payments from 1 January 2021. The UK will leave the EU Customs Union on 31 December 2020 as the Brexit transition period comes to an end. ...Continued

Greece myDATA e-invoice & e-books July 2020

Greece has provided an update on the phased roll out its myDATA e-invoice and e-books program. The provides for digital reporting to the tax office, AADE, of VAT invoices and accounting records, even...Continued

Czech Republic cuts VAT on hotels and events

The Czech Republic is considering a reduction in the Value Added Tax rate on hotel accommodation, ticket entrance to cultural, theatre and sports events from the reduced rate of 15% to 10%....Continued

Austria cuts VAT on restaurants to 5%

Austria is to reduce the Value Added Tax rate to 5% on sectors hard-hit by the COVID crisis...Continued