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Italy VAT non-resident reverse charge update

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

Russia VAT cut to 15% July 2020

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 myDATA VAT e-reporting 1 June 2020

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 foreign e-services VAT register June 2020

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

Ukraine VAT cut to 17% 2021

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 extends live invoice reporting to B2C Jan 2021

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 British Colombia PST on foreign e- services Jul 2020

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 divides VAT rate 2021

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 Consumption Tax hike helps sink economy

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 relaxes Postponed Accounting deferred VAT

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