Estonia introduces a new reverse charge mechanism for import VAT

29 April 2016

Import VAT is generally paid upon importation however Estonia will now allow businesses to defer their payments to their VAT return reporting. In order to take advantage of this new simplification a business will need to apply to the Estonian tax office and once granted it is hoped that the new measure will significantly improve the businesses cash flow.

LATEST NEWS

Belgium approves draft law for near-real-time...

July saw the Belgian Council of Ministers approve a preliminary draft law to introduce near-real-time electronic reporting of certain invoice data to the tax...

SEE MORE
VAT news
LATEST NEWS

Luxembourg proposes the introduction of electronic...

This month Luxembourg’s Government approved a draft law to introduce mandatory structured business-to-business (B2B) e-invoicing for domestic transactions...

SEE MORE
VAT news
LATEST NEWS

Germany's action plan signals move toward...

Germany has announced a 26-point “Action Plan” against tax and financial crime, which aims to increase detection risk, strengthen enforcement, and improve...

SEE MORE
VAT news

Gated Content

The following email providers are not accepted: gmail, hotmail, yahoo. Please use proper company email.