Blogs

The German standard VAT rate has returned today to 19%. It had reduced to 16% between 1 July and 31 December 2020 to help businesses and consumers during the COVID-19 crisis. The 7% reduced VAT rate h...Continued

Italy has been criticised by the European Central Bank for its policy of VAT deductions for shoppers who pay by credit card. The measure is designed to discourage cash-payments which are subject to hi...Continued

Poland has updated its plans for mandating electronic VAT invoice to 2023. This will include live reporting of e-invoice to the National System of e-invoices (KSeF) to enable the authorities to monito...Continued

Germany is to allow more small and newly VAT registered foreign businesses to file quarterly VAT returns. Currently, taxpayers with VAT liabilities above €7,500 per annum and newly registered business...Continued

UK and EU ecommerce sellers will still face hefty import tariffs even if a UK-EU Free Trade Agreement is struck by 31 December 2020, the end of the Brexit transition period. For many, this will mean d...Continued

Latvia is to grant tax delays to businesses during the COVID-19 crisis. Businesses may request a delay on tax – VAT is presumed to be included – until 30 June 2020....Continued

Norway is to mandate SAF-T VAT reporting, including direct digital submission from accounting systems, to replace the current manual VAT filing from 2022. The notification was contained within Skattei...Continued

The Saudi Arabian General Authority of Zakat & Tax has issued regulations to mandate electronic invoicing from 2021. This covers the issuance, storage and adjustments of e-invoices. The draft Saudi Ar...Continued

The UK government is planning to give itself new powers to override elements of the Brexit Withdrawal Agreement via a new piece of legislation, the Internal Market Bill (‘the Bill'). The issues at sta...Continued

Slovenia has offered businesses affected by the COVID-19 outbreak the opportunity to apply for a deferral of their Value Added Tax payments, to be spread over 2021/22...Continued