value added tax (VAT) News

UAE To Expand Tax Payment Options From November

by Lorys Charalambous, Tax-News.com, Cyprus

Tuesday, October 20, 2020

The United Arab Emirates Federal Tax Authority has set out its plans to upgrade its eDirham system, which is used to pay state fees and taxes. Read Full Story

OECD Indicates New Focus On Virtual Currency Tax Issues

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, October 20, 2020

The OECD has released a new report on countries' tax rules for virtual currencies, alongside an announcement that the Common Reporting Standard will be expanded next year to newly cover virtual currency assets. Read Full Story

France Allowing Companies Three More Months To Pay Property Tax

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, October 20, 2020

France has extended the October 15 property tax payment deadline for businesses affected by measures to contain COVID-19. Read Full Story

UK Updates Brexit VAT Guidance For Imported Goods

by Jason Gorringe, Tax-News.com, London

Tuesday, October 20, 2020

On October 5, 2020, the UK tax authority added considerably to its Brexit guidance for businesses on the value-added tax rules that will apply to goods entering Great Britain from outside the UK. Read Full Story

Netherlands Allows More Time To Pay Frozen Tax Debts

by Ulrika Lomas, Tax-News.com, Brussels

Monday, October 5, 2020

The Dutch Government has announced that businesses may further delay payment of certain tax dues that were frozen in response to the COVID-19 pandemic. Read Full Story

France To Cut Business Taxes

by Ulrika Lomas, Tax-News.com, Brussels

Monday, October 5, 2020

French Minister of Finance Bruno Le Maire presented the 2021 Finance Bill to parliament on September 28, 2020, which includes provisions to reduced taxes on production and plans to reduce the corporate tax rate next year. Read Full Story

UK Releases Construction VAT Reverse Charge Guidance

by Jason Gorringe, Tax-News.com, London

Monday, October 5, 2020

On September 24, 2020, HM Revenue and Customs released in-depth guidance on the introduction of the VAT reverse charge mechanism on the supply of building or construction services. Read Full Story

France Lowers Threshold For Tourist VAT Refunds

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, September 22, 2020

France has cut the amount that tourists must spend to claim back the VAT on their purchases. Read Full Story

EU Expecting COVID-19 Dent In 2020 VAT Collections

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, September 22, 2020

The European Commission has published its latest VAT gap report, which show that EU countries lost an estimated EUR140bn (USD165.7bn) in VAT revenues in 2018. Read Full Story

New Zealand Updates Virtual Currency Tax Guidance

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

Wednesday, September 16, 2020

New Zealand's Inland Revenue on September 7, 2020, announced the release of updated guidance on the tax treatment of crypto-assets in New Zealand, including virtual currencies. Read Full Story

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