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Ireland cuts VAT from 23% to 21% till Feb 2021

Ireland has announced a temporary Value Added Tax rate cut from 23% to 21%. The measure will come into place on 1 September 2020 until 28 February 2021....Continued

Brazil 12% VAT on goods and services proposal

Brazil has launched a proposal to implement VAT at 12% on goods and services. This would replace the complex PIS and CONFINS federal taxes The new tax, CBS, will be simpler and easier for businesses t...Continued

Japan relaxes Consumption Tax filings for COVID-19

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

Malta VAT changes for coronavirus

Malta has announced the deferment of VAT payments for March and April to help businesses coping with the COVID crisis. The Value Added Tax delayed will be paid in one instalment in two months’ time. H...Continued

Costa Rica 3-month VAT payment deferral for coronavirus

The Costa Rican government has offered a three-month Value Added Tax payment holiday for all businesses to help support them through the coronavirus crisis. ...Continued

Singapore GST missing trader fraud reforms

Singapore is considering a range of Goods and Sales Tax reforms to reduce fraud and simplify the regime. This includes tacking missing trader frauds. The measures are going to public consultation. ...Continued

Greek e-invoice incentives

To encourage businesses to adopt the new Greek e-invoice regime, a range of incentives are being offered to businesses...Continued

Poland 'SLIM’ VAT reforms 2021

Poland has become the latest country to introduce a simple, local and modern (‘SLIM’) VAT initiative. The Polish measures, to be introduced in early 2021, announced include invoice simplifications and...Continued

UK MTD for businesses below VAT registration threshold April 2022

The UK Finance Bill 2020-21 issued today plans to extend mandatory Making Tax Digital requirement to around 1 million businesses below the VAT registration threshold from 1 April 2022. Since 1 April 2...Continued

UK post-Brexit VAT on e-commerce B2C imports

The UK’s HRMC has released details of the changes to VAT on goods sold from overseas to UK consumers after the end of the Brexit transition period, 31 December 2020. The 1 January 2021 UK B2C ecommerc...Continued