Blogs

Ecuador is the latest country to bring electronic / digital services to consumers within the VAT net....Continued

The third Brexit deadline of 31 October 2019 has been missed! A new ‘flextension’ has been agreed between the UK and EU which could enable the UK to leave the EU at any point between now and 31 Januar...Continued

Portugal has again postponed the requirement on non-resident VAT registered businesses to produce VAT invoices on approved software packages. The new deadline is January 2021. It had previously been 1...Continued

Paraguay has enacted a tax provision to impose VAT on sales of electronic services to its consumers. This is based on the customer being resident in Paraguay. This may be determined by their IP addres...Continued

Colombia’s phased introduction of its CUFE electronic invoices is being delayed. The new roll out dates are split into two populations. For most businesses, the delay is 3 months....Continued

Bulgaria is to raise its Intrastat reporting thresholds starting 1 January 2020. The new dispatches threshold will be BGN 290,000, currently BGN 280,000. The Arrivals threshold will be BGN 470,000, cu...Continued

Brexit negotiations overnight hit a VAT-shaped roadblock. What is the issue? Essentially, the post-Brexit anti-VAT fraud terms were contained within the now-abandoned Backstop clause. This envisaged ...Continued

HMRC has been granted short term powers to issue VAT and excise laws on Brexit. The powers will come into effect for six months after Brexit, currently scheduled for 31 October 2019. They will grant t...Continued

Brazil is planning to forward a plan to consolidate its highly complex indirect tax regime into a single VAT. The Economic Ministry has confirmed that it plans to send an implementation bill to the lo...Continued

The UK’s HMRC has alerted digital services businesses selling e-services to consumers of their VAT obligations in the case of a no-deal Brexit on 31 October 2019. This includes income on: streaming me...Continued