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Norway cuts 12% reduced VAT rate to 6%; delays returns on COVID-19 crisis

The Norwegian government has cut its reduced VAT rate from 12% to 7% between March and October 2020. The rate applies to cinema admission, public transport, hotel accommodation services, entrance to c...Continued

Malta increase in VAT registration threshold

The Maltese government has announced in its 2021 budget plans to raise its Value Added Tax threshold €30,000...Continued

UK warns Brexit tariffs & customs declarations

The UK is warning today businesses to prepare for customs declarations and possible tariff calculations on imports from the EU. These come at the end of the Brexit transition period on 1 January 2021....Continued

Suriname VAT implementation

The South American state of Republic of Suriname is planning to introduce Value Added Tax. The new Suriname VAT will replace the existing Turnover Tax. ...Continued

Russia imposes export VAT

Russia is proposing imposing export VAT on a range of raw materials to raise additional revenues during the COVID-19 crisis. Exports in Russia, and most of the rest of the world, are generally VAT exe...Continued

Argentina VAT measures for coronavirus

The Argentinian government has announced a range of tax measures to assist business during the COVID-19 outbreak. There is no commitment on delayed VAT filings or payments....Continued

UK Intrastat required after Brexit? Yes!

After the end of the Brexit transition period on 31 December 2020, businesses importing (arrivals) goods into Great Britain (UK minus Northern Ireland) from the EU will still be expected to prepare mo...Continued

Russia cuts e-book VAT rate to 10%

Russia has announced plans to reclassify electronic and audio books for education, cluture and science from the standard VAT rate of 20% to the reduced rate of 10%. The measure is aimed at supporting ...Continued

Brexit import goods into GB from EU; customs and VAT

The guide below provides details of the steps to import goods from the EU into GB from 2021. It covers both the option of deferred UK customs declarations or standard declarations, as well as tariffs ...Continued

Estonia marketplace VAT reporting obligations 2021

Estonia is set to follow the examples of France and Italy, and require online marketplace to report on their third-party sellers transactions. Marketplaces will have to provide annual listing of trans...Continued