Blogs

HMRC has implemented anti-VAT fraud measure with immediate effect on the renewable energy sector. HMRC has said “The government has needed to act quickly in response to a serious and credible threat t...Continued

India has reclassified a range of goods to benefit from lower Goods and Services Tax rates this week. The GST Council, which oversees the operations of the GST regime agreed on 15 June 2019 to move a ...Continued

Proposals to reduce the VAT rate on several goods and services, including e-books, have been approved by the Chamber of Deputies. The implementation date will be 1 May 2020....Continued

The Indian GST Council, which oversees the operation of the country’s Goods and Services Tax regime, has confirmed that the roll out of the simplified GST return will be delayed until 1 October 2019. ...Continued

Costa Rica has provided more details on its plans to require credit card companies to withhold VAT on payments to foreign digital services providers....Continued

Romania’s tax authority, Agenția Națională de Administrare Fiscală (ANAF) is to introduce Standard Audit File for Tax (SAF-T) VAT transactional reporting by the end of 2020. ...Continued

Ongoing discussions around the introduction later this year of live e-invoice reporting for GST are to turn to setting an annual sales registration threshold for participating taxpayers. Indian anno...Continued

Bulgaria is considering raising its VAT registration threshold. The current threshold will rise from BGN 50,000 to BGN 100,000 sales per annum. The new threshold will apply 1 January 2019....Continued

From 2020, France is looking at requiring fulfilment houses to undertake basic checks on their non-EU customers to help identify non or underdeclared VAT and duties. This would replicate the UK’s Fulf...Continued

Hungary has announced plans to cut the VAT rate on hotel and similar rental accommodation from the reduced rate of 18% to 13%. The standard VAT rate in Hungary is 27%....Continued