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VAT refunds News

Brexit: EU Explains Tax Impact On Cross-Border Trade

by Ulrika Lomas,, Brussels

Wednesday, February 7, 2018

The EU's Directorate-General for Tax and Customs Union has explained how the UK ceasing to be a member of the European Union will impact the customs and value-added tax rules applying to UK businesses and EU firms trading with the UK. Read Full Story


UK, Italy Taken To Task For EU Tax Law Infringements

by Ulrika Lomas,, Brussels

Friday, January 26, 2018

The European Commission has asked Italy and the UK to bring their tax legislation into line with EU rules, as part of the latest infringement package. Read Full Story


Saudi Arabia Legislates To Absorb VAT On Education

by Lorys Charalambous,, Cyprus

Friday, January 12, 2018

Saudi Arabia's tax agency has set out the arrangements through which Saudi nationals will not bear the value-added tax that must be charged on education services under the Gulf Cooperation Council's harmonized value-added tax, which was introduced from January 1, 2018. Read Full Story


Tourists To Korea To Benefit From VAT-Free Hotel Stays

by Mary Swire,, Hong Kong

Thursday, January 11, 2018

Tourists staying in Korean hotels in 2018 will generally be able to reclaim the 10 percent value-added tax on the cost of their accommodation.

Read Full Story


Singapore To Give GST Rebate To 880,000 Households

by Mary Swire,, Hong Kong

Tuesday, January 2, 2018

Singapore's Ministry of Finance has announced that about 880,000 Singaporean Housing and Development Board (HDB) households will receive the next installment of the GST Voucher – Utilities-Save (U-Save) rebate in January 2018. Read Full Story


South African Tax Agency Reports On Tax Trends

by Lorys Charalambous,, Cyprus

Monday, December 18, 2017

The South African Revenue Service has released the 2017 edition of its Tax Statistics report, looking at the agency's performance over the 2013 to 2016 tax years. Read Full Story


Georgia Urged To Fix Tardy VAT Refund Process

by Tatiana Smolenskaya,, Moscow

Thursday, December 14, 2017

Georgia needs to improve the administration of value-added tax refunds to prevent the further accumulation of claims in the system, the International Monetary Fund has said. Read Full Story


EU States To Work Together To Stamp Out VAT Fraud

by Ulrika Lomas,, Brussels

Friday, December 1, 2017

On November 30 the European Commission released new tools intended to make the European Union's value-added tax system more resilient to fraud. Read Full Story


Technology Cutting Tax Compliance Burden: Paying Taxes 2018

by Mary Swire,, Hong Kong

Tuesday, November 28, 2017

The use of technology by business and government in tax compliance is driving continued simplification and reduction in the burden of tax compliance on businesses, says Paying Taxes 2018, a report by The World Bank Group and PwC. Read Full Story


UAE Releases Executive Regulation On VAT

by Mary Swire,, Hong Kong

Monday, November 20, 2017

The United Arab Emirates released Regulations setting out key elements of the rules surrounding value-added tax, which will be implemented from January 1, 2018. Read Full Story



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