Greece has confirmed that from 20 May 2019, the following VAT rate reductions will take effect: From 24% to 13% on: all kinds of pasta and bread, fish and crustaceans, coffee, tea, fruit juices and vegetables, salt, vinegar, various food items based on cereals, flours, starches, and food items for the preparation of sauces, broth… Read More
From 1 January 2019, Russia has amended its current VAT legislation to state that non-resident businesses selling digital services to businesses in Russia have to VAT register and charge VAT on their supplies. However, the Russian tax authorities have now confirmed that the business customers in the transaction can withhold the VAT payments and submit… Read More
Spain has proposed to cut the VAT rate applicable to e-books from 21% to 4% and hopes to implement this next year. This follows the EU Council’s proposal to allow EU member states to cut rates on electronic publications to match their printed equivalents, please click here for the full article.
The Lithuanian tax authorities are proposing to reduce their standard VAT rate from 21% to 18%. There is no plan to lower their current reduced VAT rates, which will remain at 19% and 5%.
From 1 July 2019, Norway proposes to reduce VAT applicable to e-books from 25% to 0%.
The New Zealand (NZ) government has introduced legislation to make changes to the Goods and Services Tax (GST) rules that apply to non-resident businesses shipping to consumers in the country. Currently the low value threshold allows all importers to purchase goods from non-resident companies without paying any GST or duties where: The combined value of… Read More
The chairman of the Federal Inland Revenue Service (FIRS) confirmed the introduction of a 5% withholding value added tax on all e-commerce goods and service transactions. The chairman did not give an official date for its introduction but did state that when introduced, it would be charged and collected via banks and credit card companies… Read More
From 1 September 2019, Poland confirmed it plans to introduce a mandatory split payment regime for companies involved in business-to-business (B2B) sales within certain sectors prevalent to VAT fraud. The split payment procedure will apply to transactions with a value above PLN 15,000 (approx. £3,100) and will be applicable to the following products: Steel Fuel… Read More
Effective from 1 April 2019, Belgium introduced a reduction on the VAT rate applicable to e-books from 21% to 6%. This follows the EU Council’s proposal to allow EU member states to cut rates on electronic publications to match their printed equivalents. Please click here to read our previous update on this.
Italy has postponed plans to make online marketplaces responsible for the VAT on sales of electronic goods under a value of €150, made by non-EU sellers to January 2021. Under the new rules, online marketplaces will acquire the goods from the non-EU seller and then undertake the local sale to the consumers themselves. The marketplace… Read More