31 August 2017
Brazil is planning to consolidate its existing complex indirect taxes into a single Value Added Tax (VAT) regime.
The aim is to simplify the complex consumption tax regime currently in place, which in turn should cut the amount of administration hours that businesses in the country spend on calculating, reporting and paying their taxes.
Details of the new VAT regime and the implementation date will be available in September 2017.
LATEST NEWS
Danish decision on OSS compliance reinforces the...
A recent Danish Tax Appeals Tribunal decision has reinforced the importance of meeting VAT reporting obligations under the EU's One Stop Shop (OSS) regime. In...
SEE MORE
LATEST NEWS
Italy extends deadline for recovering Input VAT
Under a new legislative decree issued in August, Italy introduced a positive law for businesses registered for VAT in the country. From 1 January 2027...
SEE MORE
LATEST NEWS
Portugal clarifies VAT correction procedures and...
Portugal's Tax Authority has issued new guidance on VAT invoice corrections and introduced updates to the periodic VAT return, reflecting the country's...
SEE MORE