Increase in arrivals and dispatches goods reporting threshold Luxembourg has hiked the annual thresholds for reporting the movement of goods from (arrivals) and to (dispatches) other EU member states. Arrivals: increased to €250,000 per annum from €200,000 Dispatches: increased to €200,000 per annum from €150,000
Bulgaria allows for VAT invoice bad debt relief to fall into line with EU Following a September 2022 public consultation, Bulgaria has amended its VAT Act to provide relief on VAT remitted to the tax authorities for sales invoices which subsequently are not settled by
VAT Advisor ends the pain for complex cross-border transactions If you are selling cross-border goods or services – traditional or digital – you’ve got international VAT / GST questions: Who should pay how much tax, and in which country? What tax laws, EU VAT Directive
Rules around Spanish VAT liability on services provided to non-EU customers refined to ensure VAT nuetrality The Spanish VAT rules have been refined in the 2013 Budget to limit the application of ‘use and enjoyment’ Spanish VAT obligations for non-EU customers. Use and enjoyment override
304 countries, states, provinces and dependancies VAT, GST and sales tax rates VATCalc‘s searchable database provides the most comprehensive free source of global VAT, GST and sales tax rates. The is maintained live by our tax content experts, and supports our disruptive single-platform tax engine
Hikes in intra-community goods arrivals reporting 1 January 2023 Cyprus has increased the annual thresholds for Intrastat arrivals reporting. This is the monthly declarations of goods’ movements across EU member state internal borders. This is only required of businesses that exceed the ‘dispatches’ (‘exports’ to
Guinea-Bissau, Palau and Suriname introduce VAT or GST 1 January 2023 Three new countries will implement Value Added Tax or Goods and Services Taxes in the new year. These are: Suriname replaces its existing sales tax with 10% VAT; Palau Gross Revenue Tax to be replaced by
Six months’ VAT zero rating on basics follows ongoing reductions on gas rates The Spanish government on 27 December 2022 announced VAT cuts on certain goods between 1 January and 30 June 2023: Basic foods (including bread, milk, eggs, cheese, fruit and vegetables, and cereals)
Cuts to newspapers, hotels and basic foods Bulgaria has gazetted various changes to the VAT Act to cut rates permanently and temporarily on a range of supplies. VAT rate changes The updates include: Newspapers and journals are reduced from 22% standard rate to the 9%
Gross Revenue Tax to be replaced by Goods and Services Tax 2023 The Pacific island state of Palau is to introduce a Goods and Services Tax (GST) from 1 January 2023. The new indirect tax system will be based on the broad-based Australian GST regime.
