Blogs

As the first two Gulf states, Saudi Arabia and UAE, join this week the other 160-plus countries with a VAT regime, the old objection to VAT – that it causes inflation – has arisen. To counter this,...Continued

Romania’s President has passed the bill for the implementation of a mandatory VAT Split Payment law for implementation on 1 January 2018. The system has been voluntary since 1 October 2017. The bill ...Continued

Latvia's Ministry of Finance has confirmed plans to introduce a new, super reduced VAT rate of 5% from 1 January 2018. The new rate will apply to a range of locally produced vegetables and fruit. U...Continued

Latvia is to introduce a number of changes to its VAT compliance regime from 1 January 2018. These include: Introducing the domestic reverse charge, to combat VAT fraud, on constructions services...Continued

Overview This release is a scheduled maintenance release of the VAT Reporting application for the month of November. Main changes in Reports All countries are On Hold for 2018. Finland: ...Continued

Today’s monthly meeting of EU Finance Ministers, ECOFIN, failed to reach agreement on a proposed €7billion VAT E-commerce Package.  This included a plan to make the major international platforms (e.g....Continued

Overview This release is a maintenance release of the VAT Reporting application for the month October. This release includes two new features: GL Reconciliation and Audit Trail reports plus enhanceme...Continued

The six member states of the Gulf Co-operation Council agreed under the Gulf VAT Treaty this year to introduce 5% VAT as a harmonised, VAT union. Below is an update of the progress to date: ...Continued

The German Federal Ministry of Finance published a decree on 10 October to permit a VAT registration exemption for foreign companies holding call-off stock in Germany. Call-off stock are goods held...Continued

Romania is to relax the initial mandatory requirements for VAT payers to implement split payment measures. Anti-VAT fraud split payments were introduced on a voluntary basis from 1 October 2017. Th...Continued