From 1 January 2019, Russia will amend its current VAT legislation to state that non-resident businesses selling digital services to other businesses within Russia will have to VAT register and charge VAT on their supplies. Currently non-resident providers of this type of service only have to register and charge VAT if they are providing these… Read More
During January 2018, the European Commission proposed new rules to give Member States more flexibility to set their own VAT rates. Currently member states are limited on what goods and services they can apply a reduced rate of VAT to, however if agreed these new proposals will allow member states to set reduced rates at… Read More
The Norwegian tax authorities have confirmed that the planned implementation of a mandatory SAF-T file will be further delayed until 1 January 2020. The SAF-T file was introduced on a voluntary basis in the country from January 2017 and is a way for the tax authorities to exchange VAT data with businesses in a more… Read More
The UK tax authority (HMRC) recently released draft regulations and VAT notices that relate to the April 2019 launch of the “Making Tax Digital” legislation. A pilot of the programme for taxpayers, agents and software providers is also scheduled to begin from April 2018. As stated in our previous article, when introduced businesses with a… Read More
The Ministry of Finance in Bahrain has confirmed that it will implement Value Added Tax (VAT) at a rate of 5% from 1 October 2018, with a VAT registration threshold set for all businesses at US$ 100,000. The UAE is part of the six-country Gulf Cooperation Council (“GCC”) and all of these countries had agreed… Read More
Oman has recently announced that it will delay the introduction of Value Added Tax (VAT) in the country until at least 2019. Oman is part of the six-country Gulf Cooperation Council (“GCC”) and all of these countries had agreed to implement a harmonised VAT regime of 5% by 2018. The GCC countries consist of Saudi… Read More
From 1 January 2018, Lithuania has reduced the VAT rate applicable on hotel accommodation to 9%. This new rate will only apply until the end of 2022 and brings Lithuania in line with most other European Union countries who already impose a reduced VAT rate on this type of service.
From 1 January 2018, the VAT rate on internet access services provided to consumers reduced from 18% to 5%.
From 1 January 2018, the Turkish Government introduced a VAT charge on all sales of e-services to consumers in Turkey. Previously, non-resident businesses providing digital services in the country did not have an obligation to charge VAT on these types of supplies. However in an effort to remove the unfair advantage that this gives them… Read More
From the 1 January 2018, the Swiss VAT rate decreased from 8% to 7.7%. There was no change to the super reduced VAT rate that remained at 2.5%, however the special reduced VAT rate for hotel accommodation fell from 3.8% to 3.7%.