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Value Added Tax (VAT) News




EU To Ease VAT Rules On Rates, SMEs

by Ulrika Lomas, Tax-News.com, Brussels

Last updated 20 hours ago | Friday, January 19, 2018

The EU has unveiled plans to give member states greater power to vary VAT rates and to relax VAT rules for small businesses. Read Full Story

 


EU Shelves Plan To Amend Tobacco Tax Directive

by Ulrika Lomas, Tax-News.com, Brussels

Last updated 20 hours ago | Friday, January 19, 2018

Following a review initiated in March 2016, the European Commission has recommended that no changes be made to the EU Directive governing the taxation of tobacco products. Read Full Story

 


Dutch Firms Face Substantial Brexit-Related Tax Costs: KPMG

by Ulrika Lomas, Tax-News.com, Brussels

Last updated 20 hours ago | Friday, January 19, 2018

The Government of the Netherlands has warned Dutch companies that trade with the United Kingdom that they will face "high costs" if the UK leaves the European Union without a deal. Read Full Story

 


Lithuania Enacts Corporate Tax And VAT Changes

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, January 17, 2018

Enhanced corporate tax incentives and certain changes to value-added tax rules have been introduced in Lithuania as part of the 2018 Budget, approved by parliament in December. Read Full Story

 


Malaysia Issues GST Guidance On Mixed-Use Buildings

by Mary Swire, Tax-News.com, Hong Kong

Wednesday, January 17, 2018

Malaysia's tax agency has released Public Ruling No. 1/2018, setting out the goods and services tax rules concerning the sale of buildings on commercial land that are used for both residential and commercial purposes. Read Full Story

 


Fraud At Record Levels, New BDO Report Says

by Jason Gorringe, Tax-News.com, London

Tuesday, January 16, 2018

BDO, the accountancy and business advisory firm, has released a report into the rapidly growing issue businesses and governments face with fraud, including tax fraud. Read Full Story

 


UAE Explains VAT Procedures For Non-Registered Firms

by Lorys Charalambous, Tax-News.com, Cyprus

Tuesday, January 16, 2018

Following the introduction of value-added tax on January 1, 2018, the Federal Tax Authority has clarified the import procedures non-VAT registered businesses should follow. Read Full Story

 


Tax Cuts, No Tax Hikes For Germany's New Coalition Gov't

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, January 16, 2018

The three political parties set to form Germany's next governing coalition have agreed to reduce the solidarity tax burden, according to the text of the recently released agreement. Read Full Story

 


Scottish Gov't To Push For UK To Stay In EU Single Market

by Jason Gorringe, Tax-News.com, London

Tuesday, January 16, 2018

As Brexit talks turn to tax and trade matters, the Scottish Government has released analysis of three "realistic" Brexit policy options, emphasizing a "hard" Brexit would be crippling for Scotland's economy. Read Full Story

 


HMRC Urged To Temper New VAT Penalties On Online Retailers

by Jason Gorringe, Tax-News.com, London

Monday, January 15, 2018

The Chartered Institute of Taxation is calling for revisions to a new government scheme to tackle VAT evasion to ensure those that make administrative errors but are not accused of involvement in tax evasion are not penalized with heavy fines. Read Full Story

 

 

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