Blogs

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’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

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 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

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

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 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

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 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

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