Blogs

Bulgaria is to set to zero sales its annual VAT registration threshold for non-resident businesses from 1 January 2020. Currently, foreign businesses only have to register as a VAT payer once they exc...Continued

Sri Lanka’s government has announced plans to reduce its Value Added Tax standard rate from 15% to 8% next month for most goods. Financial Services will remain at 15%. Tourism-related services will be...Continued

The Netherlands has postponed until 1 April 2020 changes to prevent non-EU businesses acting as the exporter of record for customs declaration. The original plan, announced last month, was for 1 Decem...Continued

Hungary has proposed withdrawing the HUF 100,000 (€310) invoice threshold on its live VAT invoice reporting regime. The measure is scheduled for 1 July 2020....Continued

New Zealand is to abolish its 15% Goods and Services Tax exemption for parcels at or below NZD 1,000 (€570) from 1 December 2019. Sellers will instead be obliged to charge GST at the point-of-sale for...Continued

Argentina has gazetted its proposed Withholding VAT on e-commerce goods and services purchased by consumers from foreign providers. It imposes a withholding of an amount equivalent to VAT where a paym...Continued

The Singaporean government has confirmed that it is looking to raise its Goods and Services Tax (GST) rate from 7% to 9% sometime between 2021 and 2025. The increase is needed to help meet the rising...Continued

EU Finance Ministers confirmed on 9 November requirements for payment providers to make available date on EU e-commerce transactions to help tax authorities identify VAT fraud. The new measures will c...Continued

On 1 April 2020, phase 2 of Making Tax Digital (MTD) for VAT starts with the ending of the UK’s HMRC’s ‘soft landing’ first phase. It is this second phase that will cause most issues. How are the thre...Continued

In the run-up to the latest missed Brexit date of 31 October, there has been conflicting messages from HMRC on whether Intrastat filings will still be required from thousands of UK businesses....Continued