Blogs

Kenya has announced that it plans to reduce its standard Value Added Tax rate from 16% to 14% on 1 April 2020. The aim is to aleviate the downtown from the coronavirus panedmic....Continued

South Korea has introduced a number of Value Added Tax easements to help businesses during the economic slowdown. ...Continued

Cyprus implemented on 27 March delays on penalties for VAT payments for all businesses. This is an update as previously only businesses below €1 million turnover or with a 25% reduction in turnover we...Continued

The Chinese State Council has extended the existing pilot zones for e-commerce. This includes help for small and medium sized businesses. The pilots have been running for several years, aiming at boos...Continued

Following on from the success of its SII live invoice reporting platform launch, Spain has begun issuing pre-filled Value Added Tax returns. The returns, modelo 303, are prepopulated with invoice tran...Continued

The Australian Taxation Office is providing coronavirus crisis Goods and Services Tax (GST) relief for importers....Continued

Japan is not going ahead with a halving of the main Consumption Tax rate to 5% to help businesses struggling with the Covid-19 pandemic. Instead, it is opting for filing and payment delays for individ...Continued

Croatia is to allow VAT registered businesses to delay their Value Added Tax liabilities due in April out to July. There will be no penalties or late interest charges. But returns must still be filed ...Continued

The Czech Chamber of Deputies has passed urgent measures to assist businesses during the Covid-19 crisis. Businesses will be offered tax payment delays; but this is not automatic. ...Continued

Lithuania has committed to Value Added Tax payment relief, in addition to other taxes, in response to the coronavirus pandemic. The measures will be confirmed tomorrow. The country is due to impose qu...Continued