Blogs

The European Commission has sent a letter of formal notice to Romania requesting it to withdraw its new VAT split payment regime on the ground of burdening honest businesses with unreasonable complian...Continued

On 9 November 2018, the German Parliament passed a new law making online marketplaces potential liable for unpaid VAT by third-party merchants on their platforms. ...Continued

Colombia is proposing that it cuts its VAT rate to help boost the struggling economy...Continued

Poland’s Ministry of Finance has announced that it will recategorise many supplies to within the current reduced VAT rate category. However, this will mean Poland will not go ahead with the return of ...Continued

Hungary has received permission to introduce an VAT registration threshold for businesses of HUF 12 million from 1 January 2019. This is approximately €48,000, based on the fixed exchange rate applied...Continued

HMRC announced today that it is opening the test pilot for its Making Tax Digital for VAT programme to the public.  However, HMRC also announced that it is deferring the MTD obligations for group VAT ...Continued

Bahrain is to introduce a 5% VAT from 1 January 2019. The following rules will apply to supplies contracted and supplied over the introductory period. Where invoices were issued, or payments made...Continued

From 1 April 2019, more than 1 million VAT-registered businesses will be required to digitize their accounting and VAT filing for the new HMRC Making Tax Digital (MTD) requirements. This ends manual k...Continued

Oman government representatives have said that the state is looking to implement a 5% VAT regime from 1 September 2019. In 2017, it signed the Gulf Cooperation Council VAT Framework Agreement. This in...Continued

Bahrain is scheduled to approve the implementation of a 5% VAT in November, in time for an early 2019 launch. The government is looking to pass through parliament the legislation to introduce t...Continued