Blogs

On July 12, the UK issued a White Paper outlining its proposed economic partnership with the EU after Brexit, scheduled for 29 March 2019. Whilst the discussion paper does represent a significant adva...Continued

Poland has announced plans to withdraw the requirement for the submission of monthly VAT returns. Instead, the already mandatory Standard Audit File for Tax (SAF-T) will suffice. This provides the tax...Continued

Germany yesterday published the draft Annual Tax Act 2018, which includes making online marketplaces potentially liable for merchants’ unpaid VAT liabilities. This was agreed by federal finance minist...Continued

Liberia is planning to introduce Value Added Tax regime sometime in 2019 according to its 2018/2019 budget. VAT would replace the existing Goods and Services Tax, which is 10% and 7% for goods and ...Continued

Germany is to make online marketplaces liable for any unpaid VAT by merchants on their platforms from 1 January 2019. The European Union estimates Germany's VAT GAP - the difference between VAT collec...Continued

Overview This release is a maintenance release of the VAT Reporting application for the month of May. It includes changes in reporting documents, SII updates, modifications in VR and bug fixes. Main...Continued

Sri Lanka plans to cut its Value Added Tax rate from to 12.5% from the current 15%. The plan was announced yesterday by the Finance Minister, Mangala Samaraweera. Sri Lanka agreed to raise its VAT ...Continued

Italy has been granted approval by the EU to implement its January 2019 SdI requirement on most businesses to report in real time B2B domestic sales invoices. This includes permission to derogate from...Continued

The US Supreme Court has started hearing arguments on the transformational South Dakota v Wayfair Inc decision to levy Sales Tax on out-of-state e-commerce merchants.  At stake is an estimated $13.4 b...Continued

Japan is continuing to prepare for a rise in its Consumption Tax from 8% to 10% on 1 October 2019. The planned rise has already been delayed once, in 2016. It is the second in a long-planned doubling ...Continued