value added tax (VAT) News

Hungarian Government Submits Tax Bill

by Ulrika Lomas, Tax-News.com, Brussels

Last updated 45 hours ago | Friday, November 15, 2019

On November 12, 2019, Hungary's Ministry of Finance announced that it has submitted to parliament the seventh and final part of its Economic Action Plan, which includes various tax measures. Read Full Story

New Zealand Tops World Bank's 'Doing Business' 2020

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

Friday, November 8, 2019

New Zealand is the easiest place in the world to do business, according to the World Bank's new Doing Business 2020 report, which looks at the simplicity of setting up, operating, and paying taxes in 190 territories around the world. Read Full Story

Ireland Had EU's Lowest Tax-To-GDP Burden In 2018: Eurostat

by Ulrika Lomas, Tax-News.com, Brussels

Last updated 45 hours ago | Friday, November 15, 2019

The overall tax burden in the European Union relative to GDP rose slightly in 2018, to 40.3 percent, the Eurostat has announced. Read Full Story

Chile Extends Deadline For September VAT Returns

by Mike Godfrey, Tax-News.com, Washington

Monday, October 28, 2019

Chile's tax agency on October 21, 2019, announced that it will waive penalties, interest, and surcharges for value-added taxpayers who file September 2019's monthly return by the end of the month. Read Full Story

South Africa Launches Large Business Center

by Lorys Charalambous, Tax-News.com, Cyprus

Monday, October 28, 2019

On October 23, 2019, the Commissioner of the South African Revenue Service launched the re-established Large Business Centre, which aims to bring about higher levels of voluntary tax compliance among large taxpayers. Read Full Story

Switzerland Publishes VAT Guides For Sportspeople

by Ulrika Lomas, Tax-News.com, Brussels

Monday, October 28, 2019

On October 22, 2019, the Swiss Federal Finance Department uploaded a series of publications concerning the value-added tax rules for those participating in and organizing sporting events. Read Full Story

Ireland Publishes 2019 Finance Bill

by Jason Gorringe, Tax-News.com, London

Friday, October 18, 2019

The Irish Government has published its 2019 Finance Bill, which introduces changes to a number of SME-targeted tax incentives and implements a range of measures announced in this month's Budget. Read Full Story

Italian Government Approves Draft Budget

by Ulrika Lomas, Tax-News.com, Brussels

Friday, October 18, 2019

On October 16, 2019, the Italian Council of Ministers approved the draft Budget law for 2020, which will prevent an automatic rise in the rate of value-added tax, and includes further measures designed to combat tax avoidance and evasion. Read Full Story

Tax Agencies Meet To Discuss Use Of Big Data Analysis

by Ulrika Lomas, Tax-News.com, Brussels

Friday, October 18, 2019

Tax agencies from 31 countries discussed the ways they are using data analysis tools to improve tax enforcement and administration, at the first meeting of the IOTA Forum on Tax Debt Management, held in Prague, Czech Republic, On October 1-3, 2019. Read Full Story

Brexit: UK Rolls Out Transitional Simplified Procedures For Importers

by Jason Gorringe, Tax-News.com, London

Friday, October 18, 2019

HM Revenue and Customs (HMRC) has automatically registered 95,000 businesses for its simplified import procedures, allowing most UK traders up to six months to pay import duties and submit customs declarations, if the UK leaves the EU without a deal on October 31, 2019. Read Full Story

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