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GST

New Zealand GST on foreign sellers delay till Dec 2019

New Zealand is to require non-resident businesses selling goods to its consumers to collect 15% Goods and Services Tax from 1 December 2019, a two-month delay for the Oct launch plan. This is based on...Continued

Bulgaria raises VAT registration threshold

Bulgaria is considering raising its VAT registration threshold. The current threshold will rise from BGN 50,000 to BGN 100,000 sales per annum. The new threshold will apply 1 January 2019....Continued

Portugal optional live reporting on B2C VAT e-invoices

Portugal has implemented an optional B2C live e-invoice reporting regime. This offers VAT registered businesses the option to forgo the obligation to issue invoices for sales to consumers. ...Continued

Poland launches white list of VAT payers

From 1 September, Poland will publish online a daily list of VAT registered businesses for verification of VAT compliance. Users of the new database can search historic records of VAT compliance of ...Continued

France Fulfilment House Due Diligence Scheme

From 2020, France is looking at requiring fulfilment houses to undertake basic checks on their non-EU customers to help identify non or underdeclared VAT and duties. This would replicate the UK’s Fulf...Continued

Hungary to cut hotel VAT to 13%

Hungary has announced plans to cut the VAT rate on hotel and similar rental accommodation from the reduced rate of 18% to 13%. The standard VAT rate in Hungary is 27%....Continued

US Arizona enacts remote seller tax and marketplace collections

Arizona is set to impose tax obligations on out-of-state sellers, plus marketplace facilitator collections duties. The new rules come into place 1 October 2019....Continued

VAT

China VAT cuts give ¥225bn relief against US tariffs

China’s VAT cut from 16% to 13% at the start of April has given Chinese businesses tax relief of ¥225 billion ($33bn) in 2019. The tax subsidy was introduced to support Chinese enterprises as they fac...Continued

Italy raises simplified invoice threshold

Italy has increased the threshold for the issuance of simplified VAT invoices from €100 to €400 per transaction. Simplified invoices may still only be used for domestic transactions....Continued

Intrastat reform delayed till 2022

EU Commission proposals to simplify and harmonise Intrastat declarations by VAT registered businesses have been delayed from 2020 year until 2022....Continued