Blogs

Germany has announced a €130billion COVID-19 stimulus package including a cut in the standard Value Added Tax rate from 19% to 16% from 1 July to 31 December 2020. The reduced VAT rate of 7% will als...Continued

HMRC is considering transferring some VAT calculation and collection obligations of third-party sellers onto online marketplaces that facilitate the sale. The measures would only apply to B2C transact...Continued

Ethiopia has put into place a number of Value Added Tax reliefs to help businesses during the COVID-19 crisis. ...Continued

Updated 28 May 2020: Italy has now delayed again the introduction of precompleted VAT returns. This time due to the COVID crisis. The new implementation date is 1 January 2021....Continued

Germany have become the latest EU member state to push back the 2019 13th Directive reclaims deadline for businesses from 30 June to 30 September 2020. This is as a result of the COVID-19 pandemic....Continued

The Polish Ministry of Finance is considering a further delay to 1 October 2020 of the introduction of the new version of SAF-T (JPK_K 7) reporting regime, designed to replace the regular VAT return....Continued

The Nigerian Federal Inland Revenue Service has delayed the deadlines on Value Added Tax returns to help businesses during the COVID-19 crisis....Continued

The Luxembourg Ministry of Finance has confirmed speedy refunds of VAT credits due to businesses on balances below €10,000. This is designed to help businesses experiencing credit issues as a result o...Continued

Saudi Arabia has announced today that it will raise its Value Added Tax rate from 5% to 15%. This is due to the COVID-19 crisis. VAT was introduced into the Gulf State in 2018. ...Continued

For remote businesses selling into the US, there is a whole new ecosystem of tax principles and terminology to learn which will have only limited resemblances to the VAT or GST you will be familiar wi...Continued