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

South Africa scraps low value import VAT exemption

On 1 September 2024 the South African Revenue Service (SARS) will scrap its current import VAT exemption on low value goods. This import VAT exemption allows...

SEE MORE
VAT news
LATEST NEWS

Peru mandates 18% VAT withholding by foreign digital...

From 1 October 2024, the Peruvian tax authority has confirmed that banks and credit card companies will be responsible for withholding VAT on payments for...

SEE MORE
VAT news
LATEST NEWS

Ukraine proposes to lower import VAT exemption...

Ukraine is proposing a reduction to the VAT exemption on the import of low value goods into the country from €150 (approx. £127) to €45 (Approx...

SEE MORE
VAT news

Gated Content

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