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value added tax (VAT) News

SAF-T Tax Reporting Mandatory In Norway From 2020

by Ulrika Lomas,, Brussels

Saturday, February 17, 2018

The reporting of accounting information using the internationally accepted Standard Audit File for Tax (SAF-T) will become compulsory in Norway from January 2020. Read Full Story


UAE Issues Guidance Ahead Of VAT Filing Deadline

by Lorys Charalambous,, Cyprus

Thursday, February 15, 2018

Businesses registered for the United Arab Emirates's value-added tax need to complete a four-step online procedure to file their tax returns, the Federal Tax Authority has said. Read Full Story


Fractional Property Ownership Arrangement VAT-Exempt: UK's UT

by Robert Lee,, London

Wednesday, February 14, 2018

The Upper Tribunal (Tax and Chancery Chamber) ruled on February 12 that the grant of fractional ownership of suites in a luxury complex in London were not similar in nature to the supply of hotel accommodation and fall within the exemption provided for the leasing or letting of immovable property. Read Full Story


Ireland Announces 2018 Tax Revenue Targets

by Jason Gorringe,, London

Tuesday, February 13, 2018

The Irish Government is targeting a seven percent increase in revenue over 2017's tax take. Read Full Story


Hungary Lowering VAT On Food

by Ulrika Lomas,, Brussels

Tuesday, February 13, 2018

The Hungarian Government has said that it will continue its policy of reducing rates of value-added tax on various foodstuffs in 2018 to boost domestic agriculture and reduce food prices. Read Full Story


EU, Norway Sign VAT Fraud Prevention Deal

by Ulrika Lomas,, Brussels

Wednesday, February 7, 2018

The EU and Norway have signed a new agreement on administrative cooperation on VAT compliance. Read Full Story


Spain Publishes 2018 Tax Compliance Plan

by Ulrika Lomas,, Brussels

Tuesday, February 6, 2018

The Spanish tax authority has published its annual tax and customs control plan for 2018, which details the tax compliance and enforcement measures that it intends to undertake in the coming year. Read Full Story


China 'Has Slashed Business Taxes By CNY2.5tn Since 2012'

Mary Swire,, Hong Kong

Tuesday, February 6, 2018

The Chinese tax administration has reported that businesses have saved CNY2 trillion (USD317.8bn) following the replacement of business tax with value-added tax, beginning in 2012. Read Full Story


UK Tax Advisers Welcome Inheritance Tax Review

by Jason Gorringe,, London

Monday, February 5, 2018

The Chartered Institute of Taxation has welcomed the announcement that the UK's Office of Tax Simplification is to undertake a review of inheritance tax. Read Full Story


EU Commission Green Lights Italy's Electronic Invoicing Plans

by Ulrika Lomas,, Brussels

Monday, February 5, 2018

The European Commission has recommended that the EU Council approve a request from Italy to derogate from the VAT Directive in introducing a mandatory electronic invoicing obligation on all taxable persons established in Italy except exempt small firms. Read Full Story



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