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Bangladesh 15% VAT implementation Jul 2019

The Bangladesh 2019/20 budget now includes details of the proposed implementation of a 15% VAT regime from the 1st July 2019....Continued

UK HMRC acts on VAT fraud in renewable energy sector

HMRC has implemented anti-VAT fraud measure with immediate effect on the renewable energy sector. HMRC has said “The government has needed to act quickly in response to a serious and credible threat t...Continued

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Turkey has withdrawn the import VAT low value consignment stock relief at the start of this month.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