Blogs

Japan is continuing to prepare for a rise in its Consumption Tax from 8% to 10% on 1 October 2019. The planned rise has already been delayed once, in 2016. It is the second in a long-planned doubling ...Continued

Overview This release is a maintenance release of the VAT Reporting application for the month March. It includes changes to reports, modifications and bug fixes. Main changes in Reports We have...Continued

The UK has announced in the March 2018 Spring Statement a further public consultation on adopting anti-VAT fraud Split Payments on e-commerce. The mechanism would require the VAT-element of online sal...Continued

Thailand’s Cabinet has moved to levy 7% VAT on digital currency (e.g. bitcoin) transactions. This is aimed at curbing money laundering and tax evasion. The Council of State will have to ratify the wid...Continued

Turkey has proposed a range of changes to its VAT law, including: VAT credits will be paid within 12 months or 3 months if they cannot be offset against output VAT due. Any outstanding VAT due to...Continued

Overview This release is a maintenance release of the VAT Reporting application for the month February. It includes new reports for 2018 and bug fixes. Main changes in Reports Austria: The 2018...Continued

The new German governing coalition (CDU, CSU, and SPD)  is planning legislation to make online marketplaces potentially liable for any unpaid VAT of merchants operating on their websites. If the marke...Continued

Ghana has proposed a Value Added Tax rate increase of 2% to 17%. The rate was last increased from 12.5% to the current 15% in  January 2014. Last year, the government introduced a 3% flat rate for ...Continued

Romania has implemented a limited VAT split payments regime from 1 March 2018 in attempt to reduce VAT losses and fraud. From 1 January 2018, Romanian tax payers in financial difficulties must esta...Continued

Overview This release is a maintenance release of the VAT Reporting application for December 2017. It includes new reports for 2017 yearly filings and changes for 2018 and bug fixes. Main changes in...Continued