Value Added Tax (VAT) News

Luxembourg Ministers Endorse EU VAT 'Quick Fixes'

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, June 5, 2019

Luxembourg's Government Council, comprising government ministers, has approved legislative changes to the territory's VAT regime to introduce the four quick fixes to improve the functioning of VAT rules in the European Union. Read Full Story

Hungary Announces Tax Cut Plan

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, June 5, 2019

On May 31, 2019, the Hungarian Ministry of Finance announced numerous tax cuts as part of an economic growth plan. Read Full Story

Czech Republic Announces Anti-Avoidance Measures

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, June 5, 2019

The Czech Ministry of Finance announced on May 31, 2019, a legislative package to implement the European Union directive on the mandatory reporting of tax planning arrangements and the EU VAT "quick fixes." Read Full Story

Bahamas Announces VAT, Bank Tax Reforms In New Budget

by Mike Godfrey, Tax-News.com, Washington

Wednesday, June 5, 2019

The Bahamas announced a number of significant reforms in its 2019/20 Budget, released on May 29, 2019, including a new tax on banks, which will replace annual fees, and new VAT obligations on online marketplaces and the removal of VAT on exported services. Read Full Story

Poland Launches Consultation On VAT Split Payment Mechanism

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, June 5, 2019

On May 16, 2019, Poland's Ministry of Finance launched a public consultation on proposals to introduce a VAT split payment mechanism on a mandatory basis for certain suppliers. Read Full Story

New Zealand Confirms Tax Proposals In 2019 Budget

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

Friday, May 31, 2019

New Zealand's 2019 Budget, released on May 30, 2019, included no new announcements beyond those released ahead of the Budget on May 17. Read Full Story

Netherlands Announces 2019 Fiscal Agenda

by Ulrika Lomas, Tax-News.com, Brussels

Friday, May 31, 2019

On May 28, 2019, Dutch State Secretary for Finance Menno Snel issued an update on the Government's 2019 fiscal agenda, which includes an outline of tax legislative proposals that the Government intends to submit to parliament in the remainder of the year. Read Full Story

Greek Parliament Approves VAT Cuts

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, May 21, 2019

The Greek Government has announced that parliament has approved legislation reducing the rate of value-added tax on food and energy. Read Full Story

EU Launches New System For Tackling VAT Fraud

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, May 21, 2019

The European Commission has announced the launch of the Transaction Network Analysis tool, a new system to enable EU member states to rapidly exchange and jointly process VAT data. Read Full Story