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VAT refunds News

HMRC Changes Position On VAT On Cost-Sharing Groups

by Jason Gorringe,, London

Thursday, March 22, 2018

The UK tax agency, HM Revenue and Customs, has released new guidance on its policies concerning cost-sharing groups following rulings from the European Court of Justice on their VAT treatment. Read Full Story


Indian GST Council Extends Relief For Exporters

by Lorys Charalambous,, Cyprus

Tuesday, March 13, 2018

During its 26th meeting, India's GST Council pushed forward the introduction of a new system to streamline input tax credits for exporters and extended specific reliefs. Read Full Story


ECJ Rules Against Portugal In Input VAT Credit Dispute

by Ulrika Lomas,, Brussels

Tuesday, March 6, 2018

The European Court of Justice has provided a ruling against the Portuguese tax and customs authority in favor of a taxpayer who challenged the authority's decision that it should be retroactively precluded from deducting tax incurred on inputs in relation to a supply of leasing and letting transactions. The tax and customs authority required the taxpayer, Imofloresmira, to make adjustments to VAT deductions on the ground that the properties at issue had been unoccupied for over two years and were therefore regarded as no longer being used for the purposes of its own taxed transactions, even though, during that period, the company always had the intention of letting those properties and undertook the necessary steps to that end. Read Full Story


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



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