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Singapore GST rise to 9%

The Singaporean government has confirmed that it is looking to raise its Goods and Services Tax (GST) rate from 7% to 9% sometime between 2021 and 2025. The increase is needed to help meet the rising...Continued

EU VAT payment data obligations for payment providers

EU Finance Ministers confirmed on 9 November requirements for payment providers to make available date on EU e-commerce transactions to help tax authorities identify VAT fraud. The new measures will c...Continued

UK MTD 2020: 3 major changes for 1.3 million businesses

On 1 April 2020, phase 2 of Making Tax Digital (MTD) for VAT starts with the ending of the UK’s HMRC’s ‘soft landing’ first phase. It is this second phase that will cause most issues. How are the thre...Continued

UK HMRC confusion on post-Brexit Intrastat filings

In the run-up to the latest missed Brexit date of 31 October, there has been conflicting messages from HMRC on whether Intrastat filings will still be required from thousands of UK businesses....Continued

Ecuador imposes VAT on e-services

Ecuador is the latest country to bring electronic / digital services to consumers within the VAT net....Continued

UK Brexit 3rd delay to 31 Jan 2020 – but deal emerges

The third Brexit deadline of 31 October 2019 has been missed! A new ‘flextension’ has been agreed between the UK and EU which could enable the UK to leave the EU at any point between now and 31 Januar...Continued

Portugal delays VAT invoice software on foreign taxpayers to 2021

Portugal has again postponed the requirement on non-resident VAT registered businesses to produce VAT invoices on approved software packages. The new deadline is January 2021. It had previously been 1...Continued

Paraguay VAT on digital services and withholding VAT 2020

Paraguay has enacted a tax provision to impose VAT on sales of electronic services to its consumers. This is based on the customer being resident in Paraguay. This may be determined by their IP addres...Continued

Colombia extends e-invoicing implementation

Colombia’s phased introduction of its CUFE electronic invoices is being delayed. The new roll out dates are split into two populations. For most businesses, the delay is 3 months....Continued

Bulgaria raises 2020 Intrastat threshold

Bulgaria is to raise its Intrastat reporting thresholds starting 1 January 2020. The new dispatches threshold will be BGN 290,000, currently BGN 280,000. The Arrivals threshold will be BGN 470,000, cu...Continued