Blogs

France: The Tax Authority has just announced changes in the 2017 VAT return; therefore, in this release we have updated the mapping within VAT Reporting in order to reflect these changes. Sin...Continued

France has increased the annual VAT registration threshold to €33,200 from €32,600 per annum.  The new threshold applies from 1 January 2017. This applies only to resident companies.  Non-resident ...Continued

A new Consumption Tax, only payable at the final point of sale to a consumer, has been proposed in Iran. It would replace the existing VAT regime which is vulnerable to fraud in the supply chain.  ...Continued

Italy: The yearly VAT Return for 2016 in XML and PDF formats are now available. Hungary: The new 2017 ECL form 17A60 in XML format is now available. The new 2017 VAT Return 1765A in XML...Continued

Poland: We have added a simplified version of the Intrastat form in XML format. Cyprus: We have updated the Intrastat threshold as of Jan 1st , 2017. Bulgaria: The Sales & Purchase Ledgers i...Continued

In the 2017 Budget law, Italy confirmed a number of potential VAT increases. These will only be applied if the country fails to met a range of budget targets, including meeting the Euro currency 3% fi...Continued

Guyana will cut its standard VAT rate from 16% to 14% from 1 February 2017. Other changes to the VAT regime include: Domestic electricity and water supplies will be subject to VAT An increa...Continued

France has updated its VAT code for 2017 with a number of changes. Paper-based sales and purchase invoices may now be transferred to digital-only storage instead. The reduced 5.5% VAT rate is ...Continued

Austria: The new periodical VAT Return for 2017 is now available in PDF format. Finland: We now support the new e-format for the VAT Return and EC Listing to be used in 2017. Germany: The ne...Continued

The new 2017 French Finance Law contains a requirement for any business to report within 24 hours any VAT transaction above €863,000. The new requirement is not due to come into force until January...Continued