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Bulgaria withdraws foreign VAT registration threshold

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 cuts VAT from 15% to 8%

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

UK Intrastat required after Brexit?

HMRC has been issuing conflicting guidance on the obligation for UK traders with the EU to continue submitting monthly goods movements reporting – Intrastat – after Brexit. It had been expected that t...Continued

Italy introduces VAT receipt lottery 2020

Italy is to follow Greece, Malta, Lithuania, Latvia, Slovakia and Portugal in introducing a VAT receipt lottery to help reduce undeclared VAT on sales to consumers....Continued

Netherlands delays non-EU exporter restrictions

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

Slovenia cuts e-book VAT to 5%

The Slovenian National Assmebly has agreed to reduce the e-book VAT rate to 5% from 1 January 2020. The rate had already been reduced from the standard rate of 22% in September year....Continued

Hungary scraps live reporting invoice threshold

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

Brazil VAT reform update

The Brazilian Federal Revenue Service is to confirm plans to simplify the country’s indirect tax regime. This includes consolidating a range of consumption taxes across federal and regional levels, wi...Continued

Macedonia raises VAT registration threshold

Macedonia is to increase its annual VAT registration threshold from MDEN 1million to MDEN 2million from 1 January 2020. Voluntary VAT registration for businesses below this threshold remains in place....Continued

Zimbabwe cuts VAT to 14.5%

The Zimbabwean 2020 budget includes a number of changes to the VAT regime, including a reduction in the VAT rate from 15% to 14.5%...Continued