Blogs

The Italian Agenzia delle Entrate has issued updated regulations on the application of the reverse charge rule for non-residents. The reverse charge simplified the VAT compliance procedure between buy...Continued

A proposal has been submitted to the Russian parliament to cut the standard VAT rate from 20% to 15% on 1 July 2020....Continued

Greece is to require taxpayers to submit VAT electronic reporting from 1 June 2020 via the myDATA system. This will include invoice reporting and e-books with accounting transaction details. The repor...Continued

Mexico has advised non-resident providers of electronic or digital services to Mexican consumers that they must register for VAT by 1 July 2020. This is one month after VAT is introduced on foreign-so...Continued

The Ukrainian government has prepared a draft budget lowering the standard VAT rate from 20% to 17% on 1 January 2021. Ukraine is proposing to extend the VAT to electronic services provided by non-res...Continued

Hungary is to oblige taxpayers to submit B2C invoices in near real-time to the tax authorities. Reporting features will also change at the same time. This builds on the successful launch of B2B electr...Continued

Canada’s British Colombia is set to become the latest province to impose its state Provincial Sales Tax on non-resident providers of electronic or digital services. This will include telecommunication...Continued

Russia is to divide its VAT revenues between the federal state and regions. Mirroring systems operated in Canada, Australia and many other countries. A proposal is now with parliament to split the exi...Continued

Japan’s increase in its Consumption Tax rate from 8% to 10% on 1 October 2019 has helped tip the country into recession....Continued

France is to drop the requirements on those entitled to Postponed Accounting from 1 January 2021. Postponed Accounting allows for the deferral for import VAT, and the elimination of the cash payment a...Continued